Hummingbird Resources plc said that US$75 million had been offered for its 53% investee company developing the Dugbe gold project in Liberia. FINANCING Pasofino Gold Ltd signed an exclusivity agreement with the potential purchaser, valid until 7 November 2024. Subject to due diligence and financing, a definitive agreement is expected during the fourth quarter of […]
Tag: metals and minerals
Power Metal further extends date for uranium JV
Power Metal Resources plc has further extended the exclusivity period to form a Canada uranium-focused joint venture involving its entire portfolio of uranium licences. INVESTOR The company signed a binding agreement in June which was extended in August and is now moved to 27 September. The parties have completed due diligence and preparation for the […]
Arkle JV begins Carrickittle West drilling
Arkle Resources plc joint venture partner has started a drilling campaign on the Carrickittle West area in the southern part of the Stonepark block in Limerick, Ireland. EXTENSIONS The company believes that the seven-licence block contains more than 45 million tonnes of inferred zinc/lead ore. Operator Group Eleven Resources Corp will drill four to six […]
Power Metal targets Oman copper earn-in
Power Metal Resources plc has signed a non-binding heads of terms to earn 12.5% in the Block 8 copper concession in the Hazm area of northwestern Oman. EXPLORATION The company and its majority owned subsidiary Power Arabia Ltd reached the deal with Australia-based Alara Resources Ltd and Awtad Copper LLC. Alara’s flagship mining project is the Al Wash-hi […]
Guardian outlines more magnetic anomalies at Pilot
Guardian Metal Resources plc has delineated further magnetic anomalies at its Pilot Mountain tungsten project in Nevada, USA. NORTH Inversion modelling of magnetic geophysical data over the Porphyry West target delineated a magnetic anomaly “significantly” larger than the anomaly constituting Porphyry South. The company also identified an additional significant magnetic anomaly, the North Target, in a new […]
Power Metal signs LoI for Qatan earn-in
Power Metal Resources plc has signed a letter of intent for a binding agreement to earn a 49% stake in the Qatan exploration licence in southern Saudi Arabia. HABDAH The deal with Al Masane Al Kobra Mining Company will see Power Metal spend US$3 million on designing, conducting and funding all exploration and resource work. The company […]