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 […]
Tag: earn-in
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 […]
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 […]
Oriole signs earn-in for Mbe gold project
Oriole Resources plc has signed a definitive earn-in agreement with BCM International Ltd for its 90%-owned Mbe gold licence in Cameroon. OPPORTUNITY The transaction is Oriole’s second after the Bibemi deal signed earlier this month and follows the heads of terms signed in November for both projects. BCM will earn up to a 50% interest in Mbe […]
Oriole signs earn-in for Bibemi
Oriole Resources plc has signed a definitive earn-in agreement with BCM International Ltd for the 177km2 Bibemi orogenic gold project in Cameroon. SIGNIFICANT The transaction follows the heads of terms signed in November for the licence as well as a second at Mbe, for which an agreement is expected later this month. BCM’s US$4 million […]
Tertiary signs earn-in with KoBold for Konkola West
Tertiary Minerals plc has signed a definitive earn-in with KoBold Metals for the Konkola West copper project in Zambia. JOINT VENTURE The agreement over exploration licence 27067-HQ-LEL is between the company’s 96% owned subsidiary Tertiary Minerals (Zambia) Ltd (TMZ), a subsidiary of KoBold and TMZ’s local partner Mwashia Resources Ltd. Private US-based mineral explorer KoBold […]