Kavango Resources plc expects to acquire 15% of gold explorer Pambili Natural Resources Corporation by converting its $250,000 convertible loan and a $75,000 loan premium into shares. GOLDEN VALLEY In 2022 Pambili, previously solely focused on oil and gas, completed an earn-in investment of up to 75% of Golden Valley gold mine in Matabeleland, southern […]
Tag: precious metals
Red Rock granted second gold licence in Côte d’Ivoire
Red Rock Resources plc has been granted a second gold licence, covering 380.94km2, in Côte d’Ivoire. INTEREST The initial four-year licence, awarded to the company’s subsidiary LacGold Resources SARLU, is in the departments of Yamoussoukro and others. Red Rock’s granted licences now total 725.44km2 with three more applications pending for licences in the north of […]
Scotgold appoints administrators in Australia
Scotgold Resources Ltd today appointed administrators to assume control of the company. SGZ Cononish Ltd, focused on the gold-silver project near Tyndrum, is expected to enter administration “in the coming days”. Scotgold said that the administrators would work with the board of directors during the administration period to “maximise the outcome for all stakeholders.” Daniel […]
Arkle begins lithium prospecting on Aughrim
Arkle Resources plc has begun a reconnaissance prospecting programme on lithium-bearing pegmatites on its recently acquired Aughrim block of licences in County Wicklow. TARGET AREAS Comprising four prospecting licences over more than 150km2, the block is also prospective for gold being contiguous to the company’s Mine River gold exploration project. Compilation work has revealed “multiple […]
Alba given more time to dewater and explore lower Llechfraith
Alba Mineral Resources plc has received permission to continue dewatering and exploring the lower Llechfraith workings in the Clogau-St David’s gold mine, north Wales. EXCLUSION ZONE Natural Resources Wales (NRW)’s grant of an extension to the company’s European Protected Species licence allows the operations to continue until 31 September 2024. “This is significant as it […]
Scotgold director and largest shareholder resigns
Scotgold Resources Ltd’s largest shareholder and director has resigned after nearly 10 years over conflicting interests with the company. REGRET Nathaniel le Roux is the major secured creditor of the company’s subsidiary, SGZ Cononish Ltd operating the gold-silver mine near Tyndrum. Scotgold, which is considering going into administration after financing talks failed, is evaluating the […]