Metals & Minerals News

Oriole earn-in partner sells Senala gold interest

Oriole Resources plc’s earn-in partner in the Senala gold project has sold its portfolio in Senegal, Mali and Guinea for a total $282 million to Managem Group. OPTION AGREEMENT IAMGOLD Corporation had an option agreement on Senala where it recently earned a 51% initial interest by spending $4m over four years. The Canadian company could […]

Metals & Minerals News

Power Metal plans Wilan merger to reach Mount Isa

Power Metal Resources plc is extending its Australian copper reach in a planned merger of its Wilan project with two companies holding other exploration licences in Queensland. LISTING The Wilan project comprises two exploration licences covering a total 1,994km2. Power Metal has signed a heads-of-terms to combine Wilan with projects held by Australian companies RAB […]

Metals & Minerals News

Sunrise to advance projects after increase in losses

Sunrise Resources plc said it would continue to advance its projects after it recorded an increase in losses including impairment of exploration assets in Australia and the USA. FINANCES The group is not yet producing minerals from its perlite, pozzalan and sepiolite assets in Nevada and gold in Australia, and has no income other than […]

Metals & Minerals News

New Ballarat starts 1,000m drilling Berringa

New Ballarat Gold Corporation plc has begun a diamond drill programme at the historic former producing mine of Berringa in the Victoria gold fields of southeast Australia. JOINT VENTURE The joint venture (JV) company comprises Red Rock Resources plc (50.1%) and Power Metal Resources (49.9%).  PROGRAMME The JV plans 1,000 metres of diamond drilling with […]

Metals & Minerals News

Tertiary prepares for exploration after losses double

Tertiary Minerals plc reported £1 million losses including the impairment for the Pyramid project as the company looks to further exploration next year in the USA and Zambia. FINANCES The company holds early stage assets in Zambia where it completed its first full year of exploration, and Nevada in the USA as well as legacy […]

Metals & Minerals News

Oriole’s orogenic gold MRE is ‘first’ for Cameroon

Oriole Resources plc reported an inaugural inferred JORC mineral resource estimate (MRE) of 305,000 Troy ounces grading 2.19 g/t gold for Bakassi Zone 1 at Bibemi in Cameroon. EXPLORATION Forge International Ltd compiled the revised resource and exploration target at Bakassi Zone 1, one of four prospects at Oriole’s 90%-owned project. Oriole said that the […]