Chesnara Acquires Scottish Widows Europe for €110 Million; Empire Metals Launches Major Drilling Campaign
Chesnara PLC is acquiring Scottish Widows Europe from Lloyds Banking Group for €110 million, adding €1.7 billion in assets and projected lifetime cash generation of €250 million. Empire Metals Ltd has initiated its largest drilling campaign at the Pitfield project in Western Australia, planning over 750 holes to upgrade its titanium resource. Tertiary Minerals PLC reported a new copper-silver discovery at Mushima North in Zambia, with drilling expected to resume in Q2. Pan African Resources PLC will hold a general meeting on 26 March following a court ruling regarding a previous capital reduction vote.
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Chesnara PLC is acquiring Scottish Widows Europe from Lloyds Banking Group for €110 million, which will add €1.7 billion in assets and is expected to generate €250 million in lifetime cash. Empire Metals Ltd has launched its largest drilling campaign at the Pitfield project in Western Australia, planning to drill over 750 holes to upgrade its titanium resource.
Tertiary Minerals PLC reported momentum in Zambia following a new copper-silver discovery at Mushima North, with drilling set to resume in Q2 and a JORC Exploration Target forthcoming. Pan African Resources PLC will hold a general meeting in London on 26 March due to a court ruling that the notice for its previous capital reduction vote was improperly issued.
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