Vast was looking to raise the £1.23mln by issuing 238.1mln open offer shares at 0.525p apiece – the same price as a placing launched the previous week to raise £1mln
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The company said the cash will also fund the purchase of additional equipment and a new drilling campaign, as well as strengthening the balance sheet
The company has appointed Amec Foster Wheeler to handle the EPC side of things at Salamanca
VR Resources said it has discovered high grade copper-silver-gold mineralisation on the surface at 29 different locations in two main areas spanning a 6 kilometre strike length
Consultant AMS will work with Ferrum to verify the silver grades
“Zulu is now justifying our belief that this is a tier 1 asset.”
Goldbloc – Lionsgold’s digital gold currency – is set for roll out in the second quarter of 2018, while progress is also eyed at its Jonnagiri gold project in India
The two companies have been in dispute for months over a contract to process silver
The Phase 2 programme will see a further 22 drill holes and help define the boundaries of an open pit.
Metal Tiger has delayed its IPO of shares in the Song Toh and Boh Yai mines until the first quarter
Macarthur said twelve out of the company's sixteen Exploration Licences in the Pilbara covering circa 1,300km2 have now been granted allowing full exploration activities
"The Western Shaw Project appears to be an excellent exploration opportunity and provides Thor with exposure to potential conglomerate hosted gold and lithium in the Pilbara province"
Recent months have seen Galileo step up work at the Glenover phosphate prospect and the Star zinc project in Zambia.
Funds will assist in advancing the Wolfsberg Lithium Project in Austria.
The plant will be used to produce concentrates as part of a pre-feasibility study for Mutamba
Metal Tiger and joint venture partner MOD Resources will work towards the release of a T3 scoping-study by mid-2018
Sean Bennett, Kore’s chief executive, said: “The assay results for EK_53 and EK_54 of 60-62% KCl are remarkable."
Marble production is due to recommence once the quarries are operational again in March 2018
“The amended June agreement is expected to enable a significant increase in production from the two plants which will have the effect in increasing revenue whilst reducing operating risk”
The new gold and silver discovery shows the potential for Salinbas to be extended beyond its present 1mln ounce resource
Thani Stratex is working on rectifying a couple of “deficiencies” with the maiden resource estimate it reported on Wednesday
Cadence Minerals owns a 15.2% stake in Canada-listed Macarthur
The company said it has already received approaches regarding potential project level investment.
Proceeds of the fundraise will support mine planning and additional drilling at the CS project with the aim of moving towards production
Chinese contractor is now pouring gold at Xtract's Manica gold project in Mozambique