Kavango Resources plc has launched a new capital investment and financing programme with an initial £2 million convertible note to advance its Zimbabwe interests. RIGS The CLN with major shareholder Purebond Ltd will define mineable gold resources and acquire plant and equipment for larger scale production at the Hillside gold project. Production at the new […]
Tag: metals and minerals
Alba completes first blast at Clogau
Alba Mineral Resources plc has successfully completed the first blast at its Llechfraith priority gold target at Clogau gold mine in north Wales. COMMERCIAL “We are delighted to have successfully and safely completed the first blast at our main gold target at Clogau, the Llechfraith target,” said executive chairman George Frangeskides. “To our knowledge, this is […]
Tertiary again refused Storuman mining licence
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 […]
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 results from competed diamond drilling at prospect 2 reinforced its belief that a wider mineralised system extended at its Hillside project in Zimbabwe. RESOURCE Three holes tested for geological continuity of structures, along strike and with increasing depth, and evaluated grade variation within multiple shear zones hosting gold-producing artisanal workings at […]
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.