Metals & Minerals News

Alba expands into Sweden with rare earth option

Alba MIneral Resources plc has entered an option for the Finnsbo rare earth project in the historic magnetite mining district of eastern Bergslagen in Uppland, eastern Sweden. VALUE The licence lies 15km north of the 540-year-old Dannemora magnetite mine, and within the southern fringes of the “regionally extensive” high strain ductile Forsmark Deformation Zone. Current […]

Metals & Minerals News

Power Metal formalises Oman copper earn-in

Power Metal Resources plc has finalised the formal binding earn-in on the Block 8 copper concession in the Hazm area of northwestern Oman. SAMPLING Agreed with Alara Resources Ltd and Awtad Copper LLC, the company’s subsidiary Power Metal Arabia will spend up to US$740,000 for a 12.5% stake. The company’s four main workstreams comprise stream and Wadi sampling with initial […]

Metals & Minerals News

Power Metal targets Oman copper earn-in

Power Metal Resources plc has signed a non-binding heads of terms to earn 12.5% in the Block 8 copper concession in the Hazm area of northwestern Oman. EXPLORATION The company and its majority owned subsidiary Power Arabia Ltd reached the deal with Australia-based Alara Resources Ltd and Awtad Copper LLC. Alara’s flagship mining project is the Al Wash-hi […]

Finance Metals & Minerals News

Tertiary signs First Quantum earn-in for Mukai

Tertiary Minerals plc subsidiary in Zambia has signed a binding letter of agreement for First Quantum Minerals Ltd to earn in up to 90% on the Mukai copper project. MILESTONES Exploration licence 27066-HQ-LEL, held by Tertiary’s local partner Mwashia Resources Ltd, covers 55.4km2 and lies in the Domes region of the Zambian copper belt. In September […]

Metals & Minerals News

FCM signs 30-day exclusive deal for Kerrs gold

First Class Metals plc has signed a 30-day exclusivity agreement for a 100% earn-in to the Kerrs gold property in the Larder Lake mining division, northeastern Ontario. STRATEGIC The company, currently finalising commercial terms with the Canadian vendor, said that the project held a “historic resource estimate of 386,467oz gold as per the NI-43-101 standard”. If the […]