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Blencowe Resources #BRES – Orom-Cross PEA Shows Potential for Long Life, Highly Profitable Graphite Project

Results of internal Preliminary Economic Assessment (“PEA”) demonstrate compelling case for the development of a major new graphite project, paving the way for a Pre-Feasibility Study. Highlights  Low operating costs and robust financials for mining operation: · Net Present Value (NPV 8 ) of US$317M / IRR 49% over 13-year life of mine from 2025. · Average nameplate production of […]

#POW Power Metal Resources – Uranium Portfolio Expansion – Athabasca Basin

Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces a significant expansion of its land package within the Athabasca Basin, located in northern Saskatchewan, Canada. Previously on 15 September 2021 the Company announced the initial acquisition by staking of four uranium properties covering 109 km2, the […]

#BRES Blencowe Resources Plc – Update on Orom-Cross Graphite Project

Blencowe is pleased to deliver an update to the market in regards to work streams progressing on the Company’s flagship Orom-Cross graphite project in Uganda. Highlights Phase Two drilling program was completed in early August; all samples have been prepped and are in transit to laboratories in Australia for assaying. Blencowe continues to target a […]

#KAV Kavango Resources – Kalahari Suture Zone (KSZ) – drilling update

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce that the Company has requested Mindea Exploration and Drilling Services (Pty) to extend Hole TA2DD002 to 1,000m depth, which is the technical limit of the drill rig on site within acceptable safety margins, to assist […]

Power Metal Resources #POW – Tati Project – Large Scale Gold Anomaly Confirmed

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  Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces the confirmation of a large scale gold-in-soil anomaly at the Tati project located in the Tati Greenstone Belt near Francistown, Botswana (the “Project”). The gold anomaly was confirmed following receipt of laboratory assay testing results […]

Gold – The Timeless Currency!

Gold retaining value The price of gold on May 1st 2021 was $1,767/oz which then rose to $1,910 in just one month. However are these changes in price normal? Yes, in the short term the price of gold can rise or fall although in the long term gold has a reputation of being a timeless […]

#POW Power Metal Resources – FDR Australia – Paterson Region Exploration Update

Power Metal Resources plc (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, announces an exploration update from the Wallal Project (the “Project”) located in the prolific Paterson Region of Western Australia. Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented: “It is important to articulate clearly the […]

ECR Minerals plc #ECR – Property purchase within the Bailieston License Area

ECR Minerals plc (LON: ECR), the gold exploration and development company focused on Australia, is pleased to announce that its 100% owned Australian subsidiary, Mercator Gold Holdings Pty Ltd (“MGH”), has purchased a property at 127 Nagambie-Rushworth Road, subject only to payment of the completion monies. The property is located within the Company’s 100% owned […]

Iron ore price jumps to fresh 6-year high on China building boom

Iron ore prices hit fresh six-and-a-half year highs on Monday on the back of a Chinese construction and factory expansion boom. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $130.17 a tonne on Monday, up 1.4% from Friday’s peg. That was the highest level for the steelmaking […]