Cora Gold Ltd has extended its land holdings with a joint venture on the Farani permit which lies within the miner’s Yanfolila Project Area, southern Mali. The permit covers 62 km2 and is next to Cora’s 100% owned Tagan permit, which in turn lies halfway between the company’s Sanankoro gold project and the Yanfolila gold […]
Tag: extractive industries
Hummingbird on course to clear debt
Hummingbird Resources plc posted a stronger balance sheet and net cash position despite less gold produced from its projects in West Africa. EARN-IN The company faced higher costs and lower-than-expected gold production at Yanfolila due to Covid-19, a change in the mine plan, a coup in Mali which affected logistics, and extreme weather. For full year […]
Power Metal aims to become ‘stand-out performer’
Power Metal Resources plc has increased its assets, investments and working capital to grow its portfolio across Australia, Africa and North America. FINANCES In its unaudited interim results for the six months ended 31 March 2021, the junior miner recorded £2,692,474 raised through warrant exercises and held net assets of £4.6 million (30 September 2020: […]
Red Rock hopes high for Luanshimba drilling
Red Rock Resources plc said it had nearly completed preparations for a drill campaign at its 80%-owned copper and gold targets at the Luanshimba project in the Democratic Republic of Congo. The project, situated 65 km south-east of the provincial capital of Lubumbashi in Haut-Katanga, is in a 420 hectare prospecting licence (PR13513) in the […]
Power Metal takes next step to Paterson acquisition
Power Metal Resources plc announced it had established a new UK private company for its pending acquisition of copper-gold interests in the eastern Pilbara region of Western Australia. PROJECTS The special acquisition vehicle, FDR UK, will acquire outright First Development Resources (Pty) Ltd (FDR Australia) in the Paterson Province, subject to conditions. The transaction covers […]
Deltic-Shell award Pensacola survey contract
Deltic Energy plc and partner Shell UK Ltd have awarded the contract for geophysical and geotechnical site survey works over the Pensacola prospect in the UK southern North Sea. RESOURCE Fugro GB North Marine Ltd will begin the work on licence P2252 at the end of July and finish during Q3 in preparation for the […]