Central Asia Metals plc (CAM) reduced company debt during 2020 and maintained steady production at its Kounrad copper recovery plant in Kazakhstan and Sasa zinc-lead mine in North Macedonia. The base metal company’s Q4 and 2020 full year results showed cash in the bank on 31 December 2020 was reported at $47.9 million and gross debt as at […]
Tag: metals and minerals
Anglesey PEA increases Parys mineable tonnage
Anglesey Mining plc reported major increase in mineable tonnage at its precious and base metals deposits at Parys Mountain in North Wales. POTENTIAL A preliminary economic assessment (PEA) conducted by Micon International Ltd of copper-zinc-lead-gold-silver deposits showed a new estimate of 5.2m tonnes in the indicated category at a combined base metal grade of 4.3%. […]
Alba renews Limerick zinc-lead licence until 2022
Alba Mineral Resources plc has renewed its exploration licence PL3824 for base metals in Limerick, western Ireland. TERMS The company now has until 26 May 2022 to determine the next phase of exploration which might include drilling key zinc targets. Alba must spend €15,732 by 26 May 2021 and a further €50,000 by 26 May […]
Cornish Lithium granted geothermal exploration licences
Cornish Lithium has been granted licences to explore for lithium within the geothermal waters in areas off the north and south Cornish coasts. GEOLOGICAL STRUCTURES The Crown Estate, which manages the seabed and most of the foreshore around England, Wales and Northern Ireland, granted the rights in the Minerals Licensing Round. Yesterday’s decision follows a […]
Red Rock looks to ‘dynamic’ 2021
Red Rock Resources plc said it planned dynamic exploration and active local engagement following years of preparations as it reported a higher profit following a loss for the previous period. Group profit before tax was £5,156 million for the year ended 30 June 2020 compared with £1,724m for the previous year. The company, with interests […]
Power Metal starts RAB drilling at Haneti
Power Metal Resources plc announced it had started its first drill at the nickel-copper-PGM Haneti project in central Tanzania. HANETI The project covers some 5,000km2 in central Tanzania and comprises tenements (prospecting licences, offers and applications) prospective for nickel, PGMs and gold. Power Metal holds 35% interest and Katoro Gold plc holds 65%. TARGETS The programme […]