Alba Mineral Resources plc recorded an increase in losses following the AIM listing of its investee company GreenRoc Mining and increased exploration activities. INTERESTS The company’s interim results for six months ended 31 May 2022 incorporate Alba’s subsidiaries operating in Wales (gold) and Limerick (lead and zinc) as well as investments in Greenland (graphite and […]
Tag: gold
Chesterfield losses widen as field work progresses
Chesterfield Resources plc losses widened as the company continued field activities at its copper-gold portfolio in Cyprus and Canada. FINANCES The company’s interim results for the first half of 2022 showed pre-tax losses of £491,607 (H1 2021: £433,538). The group’s net cash balance as at 30 June 2022 was £663,226 (H1 2021: £1,504,973). Administration costs rose to £536,739 (H1 2021: £433,538). Chesterfield recorded revenue […]
Kavango identifies gold mineralising system at Ditau REE project
Kavango Resources plc said it had identified a gold mineralising system from analytical results, including gold fire and whole rock assays, at the Ditau Camp rare earth element project, southwest Botswana. ZONE OF INTEREST The company added that analyses from hole DITDD004, drilled to 393.29m on Target i10, showed the presence of gold associated with […]
Galantas feels cost pressures but cuts losses
Galantas Gold Corp has reduced losses but recorded no sales revenue as it experiences pressure from fuel, energy and labour costs at its gold mine at Cavanacaw in Omagh, Northern Ireland. FINANCES The Canadian company’s results for Q2 2022 showed net loss as CAD$1,580,168 (Q2 2021: $2,888,568). Galantas made a cash loss from operating activities […]
Power Metal completes Pilot-Garfield surveys
Power Metal Resources plc said it had completed geophysics surveys ahead of selecting target areas for drilling at its precious and base metal projects in Nevada, USA. PROJECTS The company’s subsidiary (83.13%) Golden Metal Resources plc, holds 100% of the Pilot Mountain, Garfield and Stonewall projects, and a right to earn-in to a 100% interest […]
Alba to submit renewed application to dewater Llechfraith shaft at Clogau
Alba Mineral Resources plc said it aimed to submit in September its renewed application to dewater the Llechfraith shaft at the Clogau-St David’s gold project in North Wales. APPLICATION In November 2021, regulator Natural Resources Wales (NRW) refused to grant the company permission to dewater the shaft which lies below the Llechfraith adit level. The […]