Mon, 10th May 2021 13:37
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Mincon Group PLC - Shannon, Ireland-based engineering firm - Seeing good order levels in most markets and says revenue is higher annually in first four months of 2021. Sea freight lead times remain challenging due to the pandemic, and we are using air freight where necessary to overcome these freight challenges. We curtailed other overheads to compensate for any increased freight costs, Mincon adds. Says manufacturing has recovered with production levels now ahead of 2020, despite Covid-19 hit in early part of 2021.
IN BRIEF: Castillo Copper Extends Big One Deposit After Drilling
Wed, 10th Feb 2021 15:12
Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Confirms further extension to known mineralisation at its copper discovery at Big One deposit, which is part of the Mount Oxide project in Australia.
The drilling campaign comprised 22 shallow drill holes ranging from 24 to 48 metres, leading to an extended mineralisation, with the best intercepts recording up to a 9.4% copper grade.
Looking ahead, Castillo is finalising a regional induced polarisation survey, covering around 3,000-line metres to investigate several anomalies and mapped gossanous outcrops. All systems are go as we accelerate developing Big One Deposit, especially aiming to extend known mineralisation further and identify new test-drill targets. Our two new initiatives are now taking shape, with an upcoming IP survey being planned and JORC modelling now underway, said Managing Director Simon Paull.
IN BRIEF: Castillo Copper Sees Outstanding Result At Mount Oxide
Wed, 16th Dec 2020 21:43
Castillo Copper Ltd - Australian metal explorer primarily focused on copper then nickel, zinc and cobalt - Says Monday incremental shallow, visible copper oxide and sulphide mineralisation was recorded in six drill-holes, with cumulative intercepts up to 12 metres at the Big One Deposit within the core Mount Oxide project in Queensland, Australia.
Managing Director Simon Paull says this was an outstanding result.
He adds: Encouragingly, it continues to build a compelling case for the scalability of the Big One deposit and potential for known mineralisation to be extended at depth. Once the current campaign is complete, the board s strategic goal is to model up a JORC compliant resource for the Big One deposit then commence applying for a mining lease.