Altus Strategies plc has increased its landholding by 56% to 292km2 at the joint venture (JV) gold project at Tabakorole in southern Mali. The mining royalty company holds a 49% equity interest and 2.5% net smelter return (NSR) royalty on the project. Exploration activities at Tabakorole are being funded by JV partner Marvel Gold Ltd. […]
Tag: extractive industries
Kavango extends drilling for Cu-Ni-PGMs at Hukuntsi
Kavango Resources plc will extend its drill programme after identifying an electro-magnetic (EM) anomaly in target area B in the Hukuntsi (northern) section of the Kalahari Suture Zone (KSZ) project, Botswana. The company holds 14 prospecting licences for copper-nickel-PGM rich sulphide ore bodies covering 7,573.1km2 of ground. These also include 12 licences over a significant portion […]
Kavango Resources raises £1.94 million through placing
Kavango Resources plc has raised £1.94 million through the placing of 35,272,727 new ordinary shares at a price of 5.5p. A one-for-one warrant has been issued to all placing participants, at 8.5p per share for a period of two years.
Altus notes high grade Cu-Ag at new projects in Morocco
Altus Strategies plc announced findings of high-grade copper and silver from reconnaissance exploration at its new copper-silver assets in the western Anti-Atlas of Morocco. The Azrar, Izougza and Tata projects, covering 252 km2, are held by the company’s 100% owned subsidiary Aterian Resources Ltd. Exploration has also started on the recently granted Jafra, Tiddas and […]
Red Rock awards drill contract for Mikei gold project, Kenya
Red Rock Resources plc has contracted Base Drilling and Mining Services Co. Ltd for a 2,000m reverse circulation (RC) drill programme at the Mikei gold project in Kenya. The junior explorer also plans infill and step-out drilling to improve resource classification and size, and has the option to increase the programme. Base Drilling is expected […]
Tertiary’s data deal ends as Kalkinnen PGM permit is cancelled
Tertiary Minerals plc said that the reservation notice for an exploration permit (licence reservation) over the Kalkkinen platinum group metal prospect in Finland has been cancelled on environmental grounds. AGREEMENT This will end Tertiary’s agreement to sell data rights and intellectual property over Kalkkinen to unlisted explorer Element-46 Ltd (E46) in exchange for a 2% […]