Cornwall Resources Ltd has identified four new zones of “potentially economic” tungsten-tin-copper mineralisation within the Redmoor deposit and outside of the mineral resource estimate. TARGETS The company also delineated newly identified mineralised structures as well as signing a new mineral rights agreement. Assay results are from the first samples of 194 new drillcore across three […]
Tag: extractive industries
Panther issues 57,000 shares
Panther Metals plc issued 57,073 ordinary shares to executive chairman Nicholas O’Reilly for £8,500 interest following exercise of conversion rights attached to the £50,000 convertible loan notes held by him. The new ordinary shares, of no par value in the company, are each at a price of £1.025. Following the 1 August notification, Mr O’Reilly […]
FCM raises £256,500 via placing
First Class Metals plc has repaid 5.9 million shares to and borrowed 9.5m from its chairman, raising £256,500 via a 16% discounted private placing of 9.5m shares at 2.7 pence per share. ONTARIO In July Mr Knowles loaned two tranches of shares totalling 5,912,059 ordinary shares of £0.001 par value, which were issued to him […]
Kavango plans Zimbabwe listing
Kavango Resources plc plans a secondary listing on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe. IMMENSE The company said that the proposed listing would provide access to a wider range of capital and shareholders and promote strong local ownership in its projects. Kavango set up its Zimbabwe gold-focused subsidiary in July 2023. Chief executive […]
Kavango appoints Tham Mpofu as subsidiary chairman
Kavango Resources plc has appointed Thamsanqa (Tham) Mpofu as chairman of its subsidiary Kavango Zimbabwe (Private) Ltd. Mr Mpofu is a senior executive with commercial and business management experience. He has worked in local and international organisations focused on hospitality and service industries, distribution, manufacturing, fast-moving consumer goods, mining, banking and education. Mr Mpofu is […]
Orcadian delays action over debt payment
Orcadian Energy plc faces no action until the end of August for missing the deadline to pay $1.43 million debt to Shell International Trading and Shipping Company Ltd (Stasco). OBLIGATIONS The amount owed will be settled from payment due under a proposed farm-in or joint venture on Orcadian’s southern North Sea Earlham discovery. The company […]