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 […]
Tag: metals and minerals
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 […]
Strongbow begins trading under Cornish Metals
Canadian mining company Strongbow, exploring for copper-tin deposits at South Crofty in Cornwall, has started trading under its new name of Cornish Metals. The company is also expanding the drill programme to United Downs following the recent high grade copper-tin discovery. “The renaming to Cornish Metals is a reflection of our dedication to revitalising an […]
Power Metal targets major finds and financial independence
Power Metal Resources announced its future strategy was to make one or more major metal discoveries and work towards financial independence. ASSETS The company, which focuses on cobalt, copper, gold, lithium, nickel and PGMs, recently raised £1 million taking its total assets to £3.04 million. Power Metal is involved in five main projects and two […]