Anglesey Mining plc said that a preliminary economic assessment (PEA) on its Houston iron project in Labrador, Canada has started and is due to be completed before the end of 2020. The base and precious metals exploration company, whose main project is Parys Mountain 100%-owned gold mine on Anglesey, holds a 12% interest in Labrador […]
Tag: metals and minerals
Power Metal further invests in Molopo
Power Metal Resources plc has made a further investment in Kalahari Key Mineral Exploration (Pty) Ltd in their nickel sulphide and platinum-group metal (PGM) mineralisation project in Botswana. Kalahari Key holds 100% of the Molopo Farms Complex (MFC) project and Power Metal earns into a 40% interest by funding $500,000 exploration expenditure in 2020. Power […]
Altona partner granted three-year Nankoma licence
Rare earth element (REE) mining company Altona Energy plc has taken its projects in East Africa a step further following the granting of a three-year exploration licence. The company said that Leadway Group Ltd, with which it signed a heads of agreement on 21 September, had been awarded a three-year exploration licence for its tenement […]
Altona appoints Martin Wood as chairman
Altona Energy plc has appointed Martin Wood as non-executive chairman, with immediate effect. Mr Wood is the founder and managing director of Vicarage Capital which assists junior and mid-cap resources companies. He established Vicarage Capital in 2003 and has advised many companies on AIM listings and long-term mining strategies. From 2017 to 2019, Mr Wood […]
Power Metal early results augur well for Molopo
Power Metal Resources said early results from its drilling programme at Molopo Farms Complex (MFC) in Botswana supported the geophysical model for an intrusion feeder zone which could hold mineralised bodies. The company said it had so far drilled to a depth of 283 metres at the nickel sulphide and platinum-group metal (PGM) site. Hole […]
ABMEC urges more self-reliance in UK mining
UK mining should have greater reliance on itself and be more responsive to external market forces in order to meet the industry’s demands, said the country’s mining equipment body. STUDENTS Yorkshire-based Association of British Mining Equipment Companies (ABMEC) also raised concerns over fewer applications from students to geoscience-related courses following the decision by Camborne School […]