Power Metal Resources plc is extending its Australian copper reach in a planned merger of its Wilan project with two companies holding other exploration licences in Queensland. LISTING The Wilan project comprises two exploration licences covering a total 1,994km2. Power Metal has signed a heads-of-terms to combine Wilan with projects held by Australian companies RAB […]
Tag: zinc
Arkle JV completes Stonepark drill campaign
Arkle Resources plc’s joint venture partner has completed the three remaining holes of a drill campaign at the Stonepark zinc project in Limerick, Ireland. CARRICKITTLE WEST Operator Group Eleven Resources Corp drilled a total six holes in the original 2022 programme. The three completed holes were funded earlier in the year from Arkle’s cash resources. […]
Arkle raises £200,000 via placing
Arkle Resources plc has raised £200,000 before expenses through a placing of 50,000,000 new ordinary shares at 0.4p per share. Each placing share has one warrant attached with the right to subscribe for one new ordinary share at 0.5p for a period of two years. DIRECTORS’ DEALINGS Chairman John Teeling and non-executive director David Cockbill […]
CAML clears $187m debt for Sasa mine
Central Asia Metals plc has, after five year’s ownership, repaid the $187 million debt it needed to acquire the Sasa zinc-lead mine in North Macedonia. FINANCES The company is marking its fifth anniversary with a list of achievements during that time period. On 6 November 2017, Central Asia Metals bought Sasa, which began production in […]
Anglesey assays indicate extensive mineralised system
Anglesey Mining plc’s reported further representation of an extensive mineralised system from multiple broad intercepts at its Parys Mountain polymetallic project on Anglesey. FINAL HOLES The company, exploring for copper, zinc, lead, silver and gold volcanic massive sulphide deposits, drilled a total of ten holes as part of the 2022 infill drilling programme. Today’s published […]
Ormonde completes €2.3m La Zarza assets sale
Ormonde Mining plc has completed the €2.3 million sale of its land, data and drillcore assets at La Zarza copper-gold-zinc project in Spain. The company has now received an initial €800,000 from the purchaser La Zarza Mineria Metalica S.L.U., a subsidiary of Tharsis Mining S.L. The balance will be paid in three equal payments of […]