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Pin to quick picksKatoro Gold Share News (KAT)

Share Price Information for Katoro Gold (KAT)

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Share Price: 0.0825
Bid: 0.075
Ask: 0.09
Change: 0.00 (0.00%)
Spread: 0.015 (20.00%)
Open: 0.0825
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Power Metal Sees "Gold Nuggets" At Arizona Project

Tue, 04th Feb 2020 13:13

(Alliance News) - Power Metal Resources PLC on Tuesday confirmed the presence of gold at its Alamo project located in the US state of Arizona, following a site visit.

Power Metal noted the presence of "gold nuggets" in the project area.

Power Metal said: "This sampling demonstrated the presence of coarse, near-surface gold while the topographical surface morphology supports a likely proximal hard-rock source for the gold. The findings also provide some support to reports that some 60 ounces of gold nuggets have been recovered within the project area (the largest nugget reportedly weighing approximately 5 ounces)."

On Monday, Power Metal investee Katoro Gold PLC transferred ZAR5.0 million, about GBP263,000, to Blyvoor Gold Operations (Pty) Ltd as part of a joint-venture project.

The partnership aims to explore gold and other minerals at six gold tailings dams owned by Blyvoor.

Katoro said: "The initial tranche will allow the JV Partners to now continue and accelerate work on the confirmatory test work to optimise the financial projections and conceptual designs for the processing plant as the company seeks to secure the requisite funding for the project."

Power Metal shares were 11% lower at 0.31 pence each in London on Tuesday. Katoro Gold shares were 3.5% lower at 2.08p.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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17 Apr 2024 13:55

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Katoro Gold reports progress on multiple fronts

(Sharecast News) - Katoro Gold said in an update on Wednesday that at the Haneti Project, it had conducted a series of technical meetings and reviews and was preparing to advance to the next stage of exploration.

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Katoro formally appoints Power Metal CEO as new non-executive chair

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IN BRIEF: Katoro Gold names Power Metal CEO as new chair

Katoro Gold PLC - London-based gold and nickel exploration and development company - Proposes hiring Sean Wade, chief executive officer of Power Metal Resources PLC, as non-executive chair. Katoro and Power Metal are joint venture partners on the Haneti Project in central Tanzania. Wade previously served in various senior mining roles including at Berkeley Energia PLC, Pensana PLC and Asia Resource Minerals PLC, and "has worked on numerous transactions in the capital markets". Former Chair Louis Coetzee will remain as executive director after Wade's appointment until a new director is appointed. He will then leave the board and company, but serve as a consultant to Katoro until July 31.

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IN BRIEF: Katoro Gold gets additional financing; raises GBP825,000

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Katoro Gold says no proof of payment from Imweru joint venture partner

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Katoro waiting for agreed payment from Lake Victoria Gold

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Katoro Gold narrows annual loss but cash may run out this month

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Katoro Gold shares tank on funding fears

(Sharecast News) - Katoro Gold lost almost a fifth of its market value on Friday after the Sub-Saharan Africa-focused miner warned that it could run out of money by the end of the month.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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9 Jun 2023 10:36

Katoro Gold annual loss widens on impairments, outlook hopeful

(Alliance News) - Katoro Gold PLC on Friday said its annual loss widened due to impairments linked to a drilling programme.

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IN BRIEF: Katoro Gold raises GBP150,000 in placing and subscription

Katoro Gold PLC - Gold and nickel exploration and development company - Raises GBP150,000 at 0.1 pence per share through a placing by SI Capital of GBP130,000 and director's subscription of GBP20,000, both of which will be used to fund the company's ongoing working capital requirements. Katoro has also issued GBP48,000 of new shares in settlement of accrued director fees outstanding.

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