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Alexander Mining set to benefit from Deep-South purchase of Turkey project

Wed, 08th May 2019 08:07

(Sharecast News) - Alexander Mining was upbeat on Wednesday, following an announcement from Toronto-traded Deep-South Resources has closed the acquisition of 75% of the Kapili Tepe copper, nickel, cobalt and gold project in Turkey.The AIM-traded firm said the project was primarily a copper mineralised altered and brecciated shear zone also containing nickel, cobalt and gold mineralisation.It said it comprised one mining licence and two exploration licences, which were contiguous, with the licensed area covering about 5,240 hectares.Deep-South Resources had proposed to delineate a NI 43-101 compliant mineral resource estimate, and then decide on whether to conduct a preliminary economic assessment, which would be followed by a pre-feasibility study for the potential construction of a mine.Both the preliminary economic assessment and pre-feasibility study work would include investigating a mineral processing plant at the KT Project using the 'Leaching Technologies'.Alexander had granted Deep-South Resources a licence for the potential use of its Leaching Technologies on amenable mineralised materials sourced from the KT Project, and also associated mineral processing technical consultancy services.The terms of that licence stipulated that Alexander would receive a royalty of 2.5% of gross saleable metal products produced from a potential mine at the KT Project, if using Alexander's Leaching Technologies.Upon completion of Deep-South Resources' acquisition of the 75% interest in the KT Project and approval from the TSX Venture Exchange, Deep-South Resources would issue 500,000 common shares to Alexander.For an initial period of 24 months from the start of Deep-South Resources formally committing to a preliminary economic assessment of the KT Project, to be renewed on a mutually acceptable rolling three months' basis thereafter, a monthly technical consultancy services retainer fee of $7,500 would be paid in advance."We are delighted that Deep South Resources has completed its acquisition of 75% of the Kapili Tepe project and we look forward to working closely together with DSR on this exciting project, which has significant potential for the use of our leaching technologies," said Alexander Mining chief executive officer Martin Rosser.
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7 May 2019 13:58

Alexander Mining Shares Soar On Turkish Zinc Leaching Patent

LONDON (Alliance News) - Alexander Mining PLC shares spiked Tuesday after the company's subsidiary, MetaLeach Ltd, was granted a patent for a method of leaching zinc silicate ores in in Mining

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18 Apr 2019 13:59

Alexander Mining Halts Leaching Tests After Disappointing Results

LONDON (Alliance News) - Alexander Mining PLC on Thursday reported disappointing results from a recent joint venture testing heap leaching.Alexander had been working with lead technology on

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2 Oct 2018 12:09

Alexander Mining Partner Progresses On Establishing Turkey Zinc Plant

LONDON (Alliance News) - Alexander Mining PLC said Tuesday that its partner Proses Muhendislik Danismanlik Insaat ve Tasarim AS made "major progress" to establish a zinc plat in Mining a

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1 Oct 2018 18:31

Alexander Mining Loss Broadly Unchanged As Projects Develop

LONDON (Alliance News) - Alexander Mining PLC on Friday said its loss widened only slightly during the first half of the year due to higher research & development costs.Shares in Mining

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1 Oct 2018 13:30

Monday broker round-up

(Sharecast News) - Barclays: Berenberg upgrades to buy with a target price of 220p.

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29 Aug 2018 14:21

Alexander Mining Falls As Partner Fails To Nail Down Project Financing

LONDON (Alliance News) - Shares in Alexander Mining PLC slipped on Wednesday as the company said its partner has been unable to secure financing for a project in which Alexander's technology

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3 Jul 2018 11:00

Alexander Mining Gets Patent For Leaching Technology In Chile

LONDON (Alliance News) - Alexander Mining PLC on Tuesday said subsidiary MetaLeach Ltd has been granted a patent for a type of leaching in Chile.The patent covers a method of ammoniacal and

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21 Jun 2018 16:03

UK Shareholder Meetings Calendar - Next 7 Days

Friday 22 JuneCambian Groupboohoo.comNext Fifteen Communications GroupBraemar 25 Oil

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14 May 2018 16:48

Alexander Mining Full-Year Loss Narrows As Expenses Drop

LONDON (Alliance News) - Alexander Mining PLC said Monday its loss for 2017 narrowed as administrative and research & development costs also fell during the period.Pretax loss for the a

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8 Feb 2017 16:51

Alexander Mining raises £750,000 for potential investment

(ShareCast News) - Shares in Alexander Mining fell almost 15% on news has placed about 535.7m shares at 0.14p each, raising £750,000 before expenses. Net proceeds would be used for a potential strategic mining corporate investment opportunity, and working capital. The investment opportunity -- for w

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11 Jan 2017 13:13

Alexander Mining boosted by Mongolian marketing agreement

(ShareCast News) - Alexander Mining has signed a marketing agreement with a prominent Mongolian commodities expert over the potential commercial use of the AIM company's leaching technologies in the country. Alexander said Dr Jadambaa Temuujin, chief research scientist at the Mongolian Academy of Sc

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25 Aug 2016 14:13

Alexander Mining Shares Up As It Agrees Licensing Deal With Accudo

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23 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

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9 Jun 2016 12:51

Alexander Mining Subsidiary Gets Patent For Molybdenum Leaching

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