Critical Metals plc announced an increase in losses during 2020 but remained confident of progress this year with potential opportunities. EVALUATION Results for H2 2020 showed a net loss of £152,111 compared with £17,437 for the same period in 2019. The group had cash reserves of £630,148 (2019: £34,342) and raised £800,000. In September 2020 it listed […]
Tag: metals and minerals
Cora Gold review improves results from Dako II drill
Cora Gold Ltd reported improved results from the re-analysis of samples from drilling at Dako II permit in southern Mali. The junior miner conducting drilling during the final quarter of 2020 at the site contiguous with the company’s flagship Sanankoro gold project. The first-pass screening 50g fire assay results set out in an announcement on […]
‘Male and pale’ culture in minerals sector must end
Mineral and resource companies should demonstrate an increase in female employees by the end of 12 months, said the CEO of the industry’s trade association. Positions which need to be occupied by women range from new recruits to board directors and chief executives as well as public speakers. Chief executive of the Mineral Products Association […]
Altona signs MoU for Monte Muambe
Altona Rare Earths plc has signed an memorandum of understanding for up to a 70% earn-in of the Monte Muambe rare earths project in northwest Mozambique. OPEN PIT Altona, which also has rare earth interests in southeast Uganda and southern Malawi, signed the MoU with Ussokoti Investimetos Limitada to start a legal and technical due […]
Oriole completes one third drilling at Bibemi
Oriole Resources plc announced it was now a third of the way through its planned diamond drilling programme at the Bibemi gold project in Cameroon. The company will drill 3,080 metres for 28 holes, with a total of 967.50m completed to date in nine holes, BBDD001 to BBDD009. The programme is testing the depth extension […]
Oriole welcomes funding for Hodine gold exploration
Oriole Resources plc announced that further funding has been agreed for its gold project interest in the Hodine exploration licence, southeast Egypt. AGREEMENT The licence hosts the Anbat and Hutite projects which have “substantial” gold resources. The company holds a 24.92% interest in Thani Stratex Resources Ltd (TSR) which, through its local subsidiary Thani Dubai […]