Corcel plc has awarded the contract for the environmental impact assessment at the exploration Block KON-16 in the Kwanza Basin, onshore Angola. SEISMIC Eco-Eficiência Lda will evaluate the potential environmental and social impacts of planned 2D seismic acquisition activities, expected to target the first exploration well. The EIA is due to complete by July 2025, […]
Month: June 2025
Helium One JV spuds Jackson-2 at Galactica
Helium One Global Ltd has spudded the Jackson-2 development well at the Galactica helium project in Las Animas, Colorado, USA. FARM-IN Operator Blue Star Helium is currently preparing to drill the through the intermediate hole section in the joint venture’s fifth well. The well is targeting the Lyons Sandstone formation, with total depth planned within […]
Prospex JV halts Viura production due to leak
Prospex Energy plc said that gas production was temporarily halted in mid-April at the new onshore Viura-1B well because of a leak in the completion tubing. WORKOVERS Partner and operator Heyco Energia Iberia S.L. needs to obtain equipment, including mobilising a suitable drill rig, for a workover to resume production from the north Spanish field […]
Alba improves processed gold grades at Clogau
Alba Mineral Resources plc reported improved grades from further processing and refining of waste tip fines at its Clogau-St David’s gold mine in North Wales. UNDERSTATED The company previously modified the gravity recovery plant at the site before taking further samples from material in trenches two and four. Following processing, average head grades returned 9.2 […]
Redmoor in line for possible cash injection
Cornwall Resources Ltd could be in line for an injection of several million pounds for the Redmoor project after its parent company agreed a tentative deal to sell its Australian assets. LISTING Strategic Minerals plc signed a non-binding heads of agreement with Axis Mining & Minerals Pty Ltd to sell its Australia subsidiary which owns […]
Guardian issues 1m shares in warrants exercise
Guardian Metal Resources plc has issued 1,027,748 new ordinary shares of 1 pence each in the company following notices to exercise warrants for £174,717.16. The warrant shares, issued on 25 April, each have an exercise price of 17 pence. Following admission, the company’s issued share capital will comprise 130,881,879 ordinary shares of one pence each. The figure also […]