Metals & Minerals News

FCM drill results show additional metals at Zigzag

First Class Metals plc drilling results “exceeded expectations” and revealed additional metals at its Zigzag lithium property in the Seymour-Falcon corridor, northwest Ontario. EXPANSION Last December’s inaugural drill comprised 10 diamond drill holes for under 500m. Nine of the holes targeted the pegmatite with two ‘step-back’ holes and the tenth drilled as a scissor. FCM […]

Metals & Minerals News

Power Metal enters ‘secondary source’ extraction

Power Metal Resources plc has added secondary source extraction to its portfolio with a conditional £1 million acquisition of 75% of GSA (Environmental) Ltd (GSAe). AMBITIOUS Based in the North Lincolnshire town of Brigg, GSAe is an engineering technology provider and process licensor. The company specialises in extraction of “strategic metals” from sources such as power station […]

Finance News Oil & Gas

Colle Santo could qualify for Italian funding

The Colle Santo gas project could be in line for Italian government financial assistance after it was seen to meet the country’s energy and economic needs. INCENTIVES Project partner Reabold Resources plc holds 26.1% of LNEnergy Ltd which has an option to acquire 90% of the field. Reabold said that the Ministry of Environment and Energy […]

Metals & Minerals News

Red Rock prepares Bilbale for trial processing

Red Rock Resources plc will begin preparations in March for trial processing at its Bilbale gold licence in Burkina Faso. ALLUVIAL EXPLORATION The company’s visit, deferred from this month, will also involve meeting Hong Kong partner Riverstone Resources Ltd owned by Mahendran Samuel. The licence, acquired in January 2022, is owned by Red Rock subsidiary […]