Altus Strategies plc said it expected to receive more than US$1 million for its first royalty income payment this month, from its 0.418% net smelter return royalty interest on the Caserones copper mine in Chile. PRICES The royalty, before tax, is for the quarter ending 30 June 2021. The company said that, due to strong […]
Tag: extractive industries
Caerus notes completion of on-site review at Cyprus
Caerus Mineral Resources plc said an on-site review had been completed as part of its option agreement and proposed joint venture for metallurgical processing and metal recovery at its Cyprus portfolio. PORTFOLIO Caerus’s brownfield licence portfolio comprises numerous former producing mines and associated surface materials, together with sulphide potential. The company’s hopes to further the agreements […]
Tertiary appoints Patrick Cullen as managing director
Tertiary Minerals plc has appointed Patrick Cullen as managing director with immediate effect. Mr Cullen is a mineral exploration executive with a strong technical background in geology, geophysics and mining and has led multi-disciplinary teams across Southern Africa and Europe. Most recently, he was chief executive officer at Arkle Resources plc, exploring for gold and […]
Kavango intersects potential mineralisation at Hukuntsi
Kavango Resources plc said it had intersected what appeared to be sulphide and chromite mineralisation in the northern Hukuntsi section in the Kalahari Suture Zone (KSZ), Botswana. DATA The company said that diamond drilling on hole TA2DD002 is designed to intersect the Proterozoic (Tshane Complex) mafic/ultramafic intrusion that lies beneath Karoo sediments intruded by gabbros. […]
Horizonte secures export credit agencies’ approval for Araguaia
Horizonte Minerals plc has received approval from two export credit agencies (ECAs) for US$146.2 million of the senior debt facility to help fund the construction and development of its ferronickel project in Araguaia, Brazil. TRANCHES The ECAs are EKF, Denmark’s Export Credit Agency and Finnvera plc, Finland’s Export Credit Agency. The senior debt facility comprises […]
WGE intersects gold-silver at Stronchullin
Western Gold Exploration Ltd (WGE) intersected gold and silver at its Stronchullin prospect within the 3,253‐hectare property in Knapdale, Argyll. POTENTIAL The 2021 drilling programme is a follow-up to scout drilling completed in 2017‐2018 and deep overburden geochemical surveys undertaken in 2020. WGE reported an intersection in hole SD20‐13 of 19.20 g/t gold and 1.19 […]