Ormonde Mining plc has secured a three-year renewal for and regained full ownership of its two gold exploration licences in the Zamora province, western Spain. INTERESTS The company’s local subsidiary previously held 48.7% of Antofagasta and Cueva Negra while Shearwater Group plc held 51.3%. Acquisition of its partner’s share for €50,000 will be paid with five […]
Tag: Ormonde Mining plc
Golden Rose to undergo detailed review
Ormonde Mining plc’s investee in Canada has begun an analysis of the Golden Rose gold-copper project in the central Newfoundland gold belt. FUNDING Funded by 80% earn-in partner Eldorado Gold Corp, the detailed review will include assessment and verification of existing data before being infilled and updated. Project owner TRU Precious Metals Corp will begin on […]
Ormonde appoints Steve Nicol as NED
Ormonde Mining plc has appointed its technical advisor Steve Nicol as a non-executive director, with immediate effect. Earlier this month he was appointed chief executive of the company’s investee TRU Precious Metals Corp, where he has been a director since Ormonde’s investment in 2023. In April, Mr Nicol was made a director of Ormonde’s other investee Peak Nickel […]
Peak Nickel begins 1,000m drill at Rodburn
Peak Nickel Ltd has started a 1,000 metre drill campaign, with a possible extension, at the Rodburn project in Aberdeenshire, Scotland. COMPELLING The programme, on the “highest grade battery metals project in the UK”, follows last year’s 2,600m drill for 18 holes, testing areas around historically identified, non-compliant mineral resources. The Sheffield-based company’s new estimate […]
Ormonde technical adviser becomes CEO of TRU
Ormonde Mining plc technical advisor Steve Nicol has been appointed chief executive officer of investee TRU Precious Metals Corp. He has been a director of the Canadian company, alongside Ormonde’s executive chair Brian Timmons, since Ormonde’s investment in 2023. He is also a director of Ormonde’s other investee company Peak Nickel Ltd. Mr Nicol is a […]
Ormonde welcomes Golden Rose earn-in
Ormonde Mining plc investee has signed a definitive agreement with a third company to join the Golden Rose copper-gold project in Newfoundland, Canada. ACCELERATE TRU Precious Metals Corp. granted Eldorado Gold Corp an exclusive option to earn an 80% ownership interest in the joint venture. Under the terms Eldorado’s expenditure will total $7 million with […]