Alba Mineral Resources plc is due to start follow-up pitting and sampling in the historic waste rock dump at Clogau-St David’s gold mine, North Wales. ASSAYS Following an initial sampling exercise in 2021, which returned gold grades of up to 9.89 g/t, the company will focus on higher grade zones. Alba has received clearance for the […]
Tag: UK mining
Cornish Lithium extends exploration rights with Cornish Metals
Cornish Metals Inc said that Cornish Lithium Ltd had extended its option for a further 12 months to explore the company’s mineral rights for minerals-in-brine in Cornwall. TERMS In January 2017, the Canadian company granted Cornish Lithium an option to explore for minerals in brine and geothermal waters on its mineral rights in the county. […]
Scotgold to extend Cononish mine life and aim for mid-tier status
Scotgold Resources Ltd recorded an increase in pre-tax losses but aims to develop Cononish mine into an 18-year operation and build a mid-tier mining company in Scotland. FINANCES In its results for the year ended 30 June 2021, the Australian-owned company recorded pre-tax losses of $4,980,942 (June 2020: $2,504,134) with revenue of £299,807. COMPELLING ECONOMICS […]
Tungsten West records £5m losses
Tungsten West plc said its recorded losses of nearly £5 million was in line with expectations for the current stage of the tin-tungsten project at Hemerdon Mine in Devon. FINANCES In its half-year results for the six months ended 30 September 2021, the company’s losses were £4,990,226 (2020: £3,631,500) with administrative expenses of £1,763,573 (2020: […]
Tungsten West raises £18,544 via option exercise
Tungsten West plc raised £18,544.22 after receiving notices to exercise options to subscribe for 1,854,422 new ordinary shares of one penny each at an exercise price of one penny per ordinary share. Pursuant to the option exercise, Baker Steel Resources Trust Ltd will be issued with 1,657,196 new ordinary shares. This will increase Baker Steel’s […]
Anglesey Mining appoints Andrew King as NED
Anglesey Mining plc has appointed Andrew King as independent non-executive director with immediate effect. Mr King has more than 25 years’ experience in the mining and metals sector where his management roles encompassed strategic, financial and operational oversight. He is currently managing director of Scanmetals A/S, a specialist metal recycling business based in both the UK […]