Tungsten West has sufficient aggregates to offset tin-tungsten production costs, and has a new resource statement of 332Mt with a projection in excess of a billion at Hemerdon mine in Devon. STELLAR The aggregates find was a surprise that could give the company a “huge advantage” over local competitors because, as a base metals business, […]
Tag: metals and minerals
Galantas reviews licence options as it narrows losses
Galantas Gold Corporation said it was reviewing its licences and operations as the company released its half year results for Cavanacaw gold mine in Omagh, Northern Ireland. PROJECT OPTIONS In its report, the Canadian miner also said it was looking at options of a sale, joint venture or partnership or other options with third parties […]
Red Rock-Power Metal eye Donnybrook gold field
Red Rock Australasia Pty Ltd (RRAL) joint venture has applied for a fourth licence for a new area in the Victoria gold fields, Australia. KILMORE WEST The JV comprises Red Rock Resources plc holding 50.1% and Power Metal Resources plc with 49.9%. Tenement EL007460, Kilmore West, covers 349 km2 and holds numerous former mine workings […]
Cornish Metals grants incentive stock options to PDMRs
Cornish Metals Inc has announced the issuance of 5,150,000 incentive stock options to directors and senior management. CORNISH METALS The options have an exercise price of 10 cents per share and are valid for a five-year period which is due to expire on 18 August 2025. The Canadian company, previously called Strongbow Exploration, is an […]
Condor Gold makes ‘significant progress’ in de-risking La India
Condor Gold announced it had made significant progress in de-risking its open pit, associated mine infrastructure and planned operation plant at La India project in Nicaragua. RESOURCES The company said it had 1.12 million ounces of gold open pit mineral resources, including 8,583 thousands of tonnes (Kt) at 3.3g/t of gold for 903,000 oz gold […]
Cornish Lithium-GEL £4m plant to receive public funds
Cornish Lithium’s collaboration with Geothermal Engineering Ltd (GEL) will receive government funding for a £4 million geothermal recovery plant near Redruth in Cornwall. INVESTMENT The company said that the project would be Europe’s first geothermal lithium recovery pilot plant at GEL’s United Downs Deep Geothermal project (UDDGP). The Cornwall and Isles of Scilly Local Enterprise […]