Katoro Gold plc and Power Metal Resources plc have exited the Haneti nickel-lithium joint venture in central Tanzania due to the high levels of expenditure required. ONTARIO Katoro holds 65% of Haneti and Power Metal owns 35%. The early-stage project last underwent diamond drilling in 2022, with results failing to show economically significant nickel but […]
Tag: lithium
31 Explore acquired by Katoro Gold
Darlington-based ‘mineral exploration project generator’ 31 Explore Ltd has been acquired by Tanzania-focused Katoro Gold plc for 750 million warrants, under a heads of terms agreement. POWER METAL Katoro’s non-executive chairman Sean Wade, who is also chief executive of Power Metal Resources plc which holds 35% of Katoro, beneficially owns 14.29% of 31 Explore. Incorporated […]
Oriole identifies gold mineralisation at Gamboukou
Oriole Resources plc has identified gold mineralisation from stream sediment sampling at Gamboukou within the district-scale Central Licence Package in the Adamawa region, central Cameroon. ENCOURAGED Of a total 407 samples, nine samples graded 10 parts per billion gold or more, and a highest value of 39ppb gold. The company said that the results were comparable […]
Clontarf grants 160m incentive share options
Clontarf Energy plc has granted a total 160 million long-term incentive share options over 160m ordinary shares of 0.01p each to its directors and PDMR. The options will vest in three months from the issue date, at an exercise price of 0.06p, and will expire on 26 September 2031. Chairman David Horgan received 60m options; non-executive […]
Clontarf raises £450,000 via placing
Clontarf Energy plc has raised £450,000 before expenses via a placing of one billion new ordinary shares of 0.01p each in the company at a price of 0.045p per placing share. The placing shares represent approximately 12.2% of Clontarf’s enlarged issued share capital. Following admission, the company will have 8,193,326,117 ordinary shares in issue, each with the right […]
FCM advances Ontario field-technical work
First Class Metals plc said it had made significant advancements in field activities and technical developments for its four projects in northern Ontario, Canada. PHOTON Field work is now complete at the Coco East property which has potential for precious and base metals. The company interpreted the geophysical anomaly in the northern sector as a […]