Conroy Gold and Natural Resources PLC (AIM:CGNR, OTC:CGDNF) reported narrower interim losses as it continues to make progress on its gold projects in Ireland.
Losses for the exploration company narrowed to €278,699 (£233,000) in the six months to end November 2021 from €703,294 in the year-earlier period.
Since the reporting period, AIM-traded Conroy has entered into a joint venture with Turkish mining company Demir Export AS to bring its projects into development. The initial focus will be on the existing gold deposit within the Clontibret licence.
“Excellent technical results continued to be reported and just after the period end a joint venture partnership agreement with Demir Export AS, a large established mining company, was signed,” said chairman Professor Richard Conroy.
“I look forward to us working together on the accelerated development and exploration programmes along the 65Km gold trend the company has discovered, with the objective of bringing into operation a gold mine, initially at Clontibret."