Kavango Resources plc said it had confirmed copper-silver mineralisation in the first high priority target at the Karakubis copper project in Botswana’s Kalahari copper belt. MODELLING Analysis of core also showed “further indicators of structural trap sites” and “validated” the company’s modelling of the KCB. Results also confirmed the project’s prospectivity for “large-scale copper/silver deposits”, […]
Tag: metals and minerals
Alba raises £192,522 via retail offer
Alba Mineral Resources plc has conditionally raised approximately £192,522 before expenses via a “significantly oversubscribed” retail offer, exceeding its target of £100,000. The company issued 550,063,457 new ordinary shares of 0.01 pence each in the company at 0.035 pence per share. Following admission, Alba’s total number of ordinary shares in issue will be 9,725,510,695, with voting rights. The company holds […]
WCM ‘robustly’ defends coal mine
West Cumbria Mining Ltd said it had “robustly” defended the legal challenges against its planned deep coal mine heard last week in the High Court. U-TURN The company responded in a deferred rolled-up hearing between 16 and 18 July, to objections from Friends of the Earth and South Lakes Action on Climate Change to the […]
Panther granted Dotted Lake exploration permit
Panther Metals plc has received a three-year exploration permit for the North Limb, covering Dotted Lake, of the Schreiber-Hemlo greenstone belt in Ontario. FINANCING The company plans a comprehensive work programme on the “highly prospective” intrusive linked nickel-copper-cobalt and platinum group metal target in the northeast of Dotted Lake. The site lies approximately 16km north of […]
CMR issues 7.3m incentive shares
Critical Mineral Resources plc has issued 7,345,350 ordinary shares of 1 pence each under the board-approved equity incentive scheme. DIRECTORS The shares, released in three tranches, are subject to the company’s share price rising every 12 months to 2.5p, 3.5p and 5p or higher until after 36 months. Following admission, the company’s enlarged issued share […]
Cornish Metals agrees $4.5m royalties sale
Cornish Metals Inc has entered a binding US$4.5 million (£3.8m) sale of its royalty interests on the Mactung and Cantung tungsten projects in Northern Canada. PAYMENTS The agreement with Elemental Altus Royalties Corp follows the sale of the Cornish Metals’ Nickel King project, reflecting the Canadian company’s focus on its South Crofty tin project. Start […]