Guardian Metal Resources plc has completed a strategic financing of £2,154,074.58 (US$2.75m) via a direct subscription. The company issued 7,978,054 new ordinary shares of 1.0p each, representing 6.7% of its enlarged issued share capital, at 27p per share. The subscribers will receive one warrant with every two subscription shares, totalling 3,989,027 new warrants, with an exercise […]
Tag: metals and minerals
Tungsten West appoints Jeffery Court as CEO
Tungsten West plc has appointed Jeffery Court as chief executive officer on the board, effective no later than 1 November 2024. His appointment is subject to completion of his notice period from current employer Capital Ltd, due diligence and approval of a UK work visa. Mr Court is an international mining executive with more than […]
Oriole identifies potential ‘satellite’ targets at Mbe
Oriole Resources plc said it had identified new targets, adding to those in June, from a second soil sampling programme at the Mbe licence in the Adamawa region of Cameroon. DRILLING The “three further zones of gold anomalism” of MB02, MB03 and MB04 prospects lie to the east of MB01, with results of up to […]
Kavango confirms Nara mineralisation system
Kavango Resources plc said that drill assays had confirmed a gold mineralisation system at the Nara exploration project in Matabeleland, southern Zimbabwe. MINING The results, from six initial scoping holes for 1,364.4m, highlighted “anomalous gold zones underneath and directly associated with surface artisanal gold-producing structures” at the site. Five of six holes intersected the quartz […]
Sunrise completes central-east Pioche drill
Sunrise Resources plc partner and option holder has completed phase II drilling and pitting at the Pioche sepiolite project in southeastern Nevada. CHARACTERISATION Tolsa USA Inc engaged Harris Exploration to use sonic drilling, suitable for drill sampling of soft and unconsolidated materials, focusing on the central and eastern area of the claim block. The campaign […]
Karelian retains Lahtojoki mine boundary
Karelian Diamond Resources plc said that the Lahtojoki diamond mine boundary will remain in its original position, as ruled by the Finnish Land Court. DECISION The company added that on 12 August, the court also rejected two landowners’ appeals in relation to compensation from the mine development, except for three items subject to a review […]