New Ballarat Gold Corporation plc (NBGC) joint venture (JV) has received positive rock sampling results of gold mineralisation surrounding Ballarat mine in the Victoria gold fields, Australia. ROCK SAMPLING The JV, planned for listing, is between Red Rock Resources plc (50.1%) and Power Metal (49.9%). The results were published as NBGC announced it was granted […]
Tag: gold
‘Modest’ results for Red Rock from drilling at Bilbale
Red Rock Resources plc reported low-key results from the second batch of samples from its recently completed 2022 reverse circulation (RC) exploration drilling at the Bilbale gold project, southwest Burkina Faso. BILBALE The company’s subsidiary, Faso Greenstone Resources Sarl (FGR) owns two prospective project areas of Bilbale and Boulon in the Boromo and Banfora greenstone […]
Oriole converts directors’ sixth salary tranche for £7,000
Oriole Resources plc reported the conversion of its directors’ sixth tranche of gross salary totalling £7,000 under the company’s extended salary sacrifice scheme. The salary was converted using the 30-day VWAP on 31 December 2022 (0.1558 pence) to 2,725,021 new ordinary shares of 0.1p each in the company. Name Number of Ordinary Shares Issued Resultant shareholding in […]
FCM publishes inaugural ESG policy statement
First Class Metals plc (FCM) has published its inaugural environment, social and governance (ESG) policy statement for its Canadian Schreiber-Hemlo landholding and the Sunbeam project. FIVE PILLARS The 2022 statement comprises five pillars of responsible stewardship, being a strong partner for local communities, an enabler of the energy transition, ensuring safe workplaces and operations, and […]
Obituary – executive and Anglesey NED Howard Miller
Mining executive and non-executive director of Anglesey Mining plc Howard Miller died on 22 December after a short illness. Mr Miller had been NED of Anglesey since 2001 and served as lead independent director from 2013 until his death. He began his career as a lawyer in South Africa, rising to senior partner at Johannesburg […]
Condor Gold appoints Denham Eke as NED
Condor Gold plc has appointed Denham Eke as a non-executive director of the company. Mr Eke’s appointment is a condition of Galloway Ltd’s subscription for the £1m unsecured convertible loan notes on 28 November. He is the sole director of Galloway Ltd, an 18.7% shareholder in Condor which is wholly owned by Burnbrae Group Ltd […]