Kavango Resources plc and strategic joint venture (SJV) partner Power Metal Resources plc have signed conditional agreements to acquire a 100% interest in eight licences in the Kalahari Copper Belt (KCB). The move follows the 50-50 SJV’s creation of two new companies; Kanye Resources (Pty) Ltd (Kanye Botswana) which is wholly owned by Kanye Resources […]
Tag: UK mining
Tertiary boosted by copper results at Lucky
Tertiary Minerals plc said it had encouraging analytical results from its first drill hole at the Lucky copper project in Nevada, USA. Hole 21TLRC001 was drilled to a depth of 108.24 metres and intersected two magnetic gossan zones containing low-grade copper (+/-gold) mineralisation. The miner said that there was highly anomalous copper (average 325 per […]
Altus finds potential new zone at Tabakorole gold project
Altus Strategies plc said it had discovered a potential new parallel zone of mineralisation at the Tabakorole gold project in Southern Mali. The final results from a 6,300 metres reverse circulation (RC) drilling programme also show an extension of the current strike length of the project. Exploration at Tabakorole is funded by Marvel Gold Ltd […]
Oriole agrees gold exploration budget for Senala
Oriole Resources plc said it had reached an agreement over an underspend with its joint venture partner of £1.8 million at the Senala gold project in Senegal. Earlier in March, IAMGOLD Corporation had requested to carry forward US$172,000 from Year 3 into Year 4. bityl.co/660c As per the terms of the option agreement, IAMGOLD proposed […]
Altus raises £7.7 million via placing and subscription
Altus Strategies plc announced it had conditionally raised £7.7 million (CA$13.35m) before expenses by way of an oversubscribed placing and subscription of 10,266,668 new ordinary shares at an issue price of £0.75 per share. Altus has a balance sheet of £12.5m in cash and £1.5m in listed equities. The company said the fundraising had attracted […]
RRAL appoints David Holden as board director
Red Rock Resources Australasia Pty Ltd (RRAL) has appointed exploration manager David Holden as a new board director. Mr Holden has extensive geological and public company experience, at both CTO and CEO level.