Arkle Resources plc swung to loss from its activities during 2022 but experienced a “good exploration year”. FINANCES The group holds gold, zinc and lithium interests in Ireland and has expanded its interests to a small licence area for lithium in Zimbabwe. Full year results ended December 2022 show a loss of €299,214 (2021: profit […]
Tag: lithium
Red Rock raises £288,750 via share placing
Red Rock Resources plc raised £288,750 before expenses by placing 175,000,000 new ordinary shares of £0.0001 each in the company at a price of 0.165 pence per share. On admission, the company’s issued ordinary share capital will comprise 2,480,597,791 ordinary shares, each with voting rights. No shares are held in treasury. USES Net proceeds will be used […]
Red Rock completes transfer of Boulon licence
Red Rock Resources plc has completed transfer to the company of the Boulon gold licence in southwest Burkina Faso. BOULON In January 2022, the company acquired two exploration projects of Boulon and Bilbale in the prolific Boromo and Banfora greenstone belts. Boulon lies on the centre of a mapped channel containing some of the “highest […]
Red Rock cleared for lithium mining and sales from Zimbabwe
Red Rock Resources plc has received approval to start production and sales of lithium from its first asset in Zimbabwe. ENVIRONMENT The move follows receipt of an environmental certificate after the company submitted the environmental impact assessment for Tin Hill and held stakeholder meetings. The property lies 29km northwest of Bikita which is one of […]
Cadence investee to buy land for Cinovec beneficiation plants
Cadence Minerals plc’s investee company European Metals Holdings Ltd is to buy land for $43.96 million on which to build lithium and ore beneficiation plants for the Cinovec lithium-tin mine in the Czech Republic. DUKLA The project, on the border with Germany, is 100% owned by Geomet s.r.o which in turn is 49% owned by […]
Cornish Lithium progresses revised Trelavour resource
Cornish Lithium has progressed work in preparation for a resource definition for its Trelavour hard rock project in Cornwall. FEASIBILITY STUDY The project is at the former kaolin pit near St Austell where lithium is present in mica minerals within the granite. The stability of the pit walls to reduce the risk of land slips […]