Corcel plc has passed the halfway mark of its planned 2,000 metre reverse circulation (RC) drill programme at the Mt Weld rare earth elements joint venture near Laverton, Western Australia. RESULTS The tenement, predominantly covered by recent transported sediments, holds four discrete undrilled magnetic features labelled T1 to T4. Operator and earn-in partner Riversgold Ltd has to […]
Tag: Riversgold Ltd
Corcel sells 20% of Mt Weld to board nominee
Corcel plc has sold 20% of its Mt Weld rare earths project for A$1 million (£500,000) cash to a shareholder company controlled by nominated non-executive board member Antoine Karam. JOINT VENTURE The sale is to Italian private investment company Extraction Srl which currently holds 9.61% in Corcel. Mr Karam was nominated to the board by Corcel’s […]
Corcel begins RC drill campaign at Mt Weld
Corcel plc has started a seven-hole reverse circulation (RC) drill campaign at the joint venture Mt Weld rare earth elements project near Laverton in Western Australia. PROGRAMME A sub-contractor for the company and its partner Riversgold Ltd will drill a total 2,000m on tenement P34/4489. The site’s four discrete undrilled magnetic features, interpreted to represent potential […]
Corcel refines targets for inaugural drill at Mt Weld JV
Corcel plc’s joint venture partner has refined existing drill targets in preparation for an inaugural drill campaign at the Mt. Weld rare earth elements project near Laverton in Western Australia. MULTIPLE TARGETS Riversgold Ltd completed 3D inversion magnetics work had confirmed the validity of multiple magnetic targets and allowed refined planning for drilling, said Corcel. The […]
Corcel agrees farm-out and JV for Mt Weld
Corcel plc has signed a farm-out and joint venture agreement for its recently acquired rare earth elements (REE) project at Mt Weld in Laverton, Australia. MT WELD In early December 2022, the company acquired licence P38/4489 holding a granted mineral tenement, located 1.4km (0.9 miles) west-north-west of Lynas Rare Earths Ltd’s Mt Weld REE mine. […]