SolGold plc
SolGold plc
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Natural resources investor DGR Global is confident of stronger corporate attention and shareholder value resulting from the planned merger of SolGold and Cornerstone Capital Resources, partners in the Cascabel copper-gold-silver project in Ecuador.
DGR holds 8.89% of SolGold and its MD-CEO Nick Mather is founder and non-executive director of the Australian-based explorer.
Explorer SolGold has followed up last month’s completion of a PFS outlining a golden future for its 85%-owned Cascabel copper-gold-silver project in Ecuador with the posting of an updated resource estimate for its Tandayama-America porphyry copper-gold deposits.
The TAM deposit, 3km N of Cascabel’s Alpala deposit, holds total measured and indicated resources of 528.5Mt @ 0.36% for 380,000t copper equivalent. An additional inferred resource comprises 105.1Mt @ 0.36% for 380,000t CuEq.
Australian-based explorer SolGold has flagged a golden future for its 85%-owned Cascabel copper-gold-silver project in Ecuador, outlining a world class, tier-1 operation for total production of 558Mt containing 3.3Mt copper, 9.4Moz gold and 30Moz silver.
New report flags a golden future for SolGold's Cascabel copper-gold-silver project in Ecuador, with the possibility of its LoM going out from an initial 26-years to 50-years
BHP Group plans to almost double exploration spending for base metals within 5-years, Chief Technical Officer Laura Tyler said today after the company shifted its exploration HQ to Toronto, Canada, from Santiago, Chile, Reuters reports.
Australian-based companies SolGold and Cornerstone Capital Resources say they are putting their past differences behind them and uniting to advance their strategic and financing options for the Cascabel porphyry project in N Ecuador.
SolGold holds 85% and Cornerstone 15% of the project, including the Alpala deposit with its measured and indicated resources of 9.9Mt copper, 21.7Moz gold and 92.2Moz silver.
Australia’s Newcrest has hired investment bank RBC Capital Markets to explore options for its 15% stake in Ecuador-focused gold/copper producer SolGold after it contested SolGold’s latest fundraising initiative, Reuters reports.
International explorer SolGold has launched a new attempt to reach 100% ownership of the Alpala copper-gold porphyry project in northern Ecuador through an all-shares bid for Australian investment banker Cornerstone Capital Resources.
SolGold, which holds 85% of the world-class project to Cornerstone’s 15%, says consolidating 100% ownership of the project into a single listed entity would be much more attractive for investors.
It says the 11-for-1 offer is 22% above Cornerstone’s last closing price on TSXV.
Australia-based explorer/developer SolGold has entered into up to $US150M of funding deals in the run up to final feasibility and development decision on its flagship inferred 2.5Mt copper and 3.8Moz gold project, and secure the remainder of the Cascabel license in N Ecuador.
BHP has lifted its stake in Solgold and its flagship 85% owned Cascabel copper-gold project in N Ecuador to 14.7% via the $US22M acquisition of 77M shares at 22.15ps, making the big miner Solgold’s largest shareholder.
SolGold’s recently updated PEA on Cascabel indicated NPV ranges from $2.5B-$6.1B, with further metallurgical data showing improvements in both copper/gold recoveries of 3.8% and 21.6% respectively.