Tertiary Minerals plc has again been refused a mining concession for its legacy Storuman fluorspar project in Sweden. DISTRACTION The Mining Inspectorate initially granted permission for the 2014 application and then overturned its decision following opposition from the Sami Village – reindeer herders – and the County Administration Board (CAB). Tertiary had argued that the […]
Tag: metals and minerals
GreenRoc advances Amitsoq production plans
GreenRoc Strategic Materials plc has submitting the project description as part of the exploitation licence process for the planned mine at Amitsoq in southern Greenland. SHIPPING Subject to final approval, public consultation is expected to take place this Autumn. Plans for a graphite active anode materials (AAM) production plant have also advanced with a letter […]
Kavango indicates greater potential at Hillside
Kavango Resources plc said recent drill results strengthened its belief that a wider mineralised system extended at its Hillside gold project in Matabeleland, southern Zimbabwe. BULK Three diamond drillholes at prospect 2 tested for geological continuity of structures, along strike and with increasing depth. The programme also evaluated grade variation within multiple shear zones hosting […]
Red Rock issues 44m shares for £20,000 advance
Red Rock Resources plc has issued 44,444,444 new ordinary shares at a subscription price of 0.045 pence per share, to convert a £20,000 advance by an existing shareholder. Following admission, the company’s issued share capital will comprise 5,004,338,042 ordinary shares, with voting rights. None of the shares is held in treasury.
Red Rock secures extension for CLNs
Red Rock Resources plc has secured an extension to and settled interest on its 12% convertible notes to 18 November 2024. The notes relate to the July 2022 issue of £623,000 notes with accompanying warrants to high net worth investors. In August 2023 the company extended the term of the notes, and agreed a partial […]
Red Rock receives offer for Australia gold assets
Red Rock Resources plc said it had received an offer “in respect of its interest” in Red Rock Resources Australasia Ltd (RRAL) with licences in Victoria, containing the Berringa mine, and South Australia. DELAYS No further details were given in the announcement on 23 August. The company and partner Power Metal Resources plc owned 50.1% […]