First Development Resources plc has received approval to begin mining activities at the Lander West gold target on the Selta project in the Northern Territory, Australia. DRILLING The notice of authority to commence mining activities follows the receipt of an environmental (mining) licence, and the company lodging a security bond. The notice allows First Development to […]
Month: September 2026
Power Metal completes East Hawkrock drilling
Power Metal Resources plc’s joint venture has completed its initial diamond drilling programme at the East Hawkrock property in the Athabasca Basin in Saskatchewan, Canada. MODEL The nine-hole programme for a total of 2,120.4 metres aimed to test the “multiple” geophysical and radiometric anomalies across the Small Lake and Joint Lake target areas. The company said that drilling had […]
Red Rock issues 158m shares
Red Rock Resources plc has issued 158,410,903 ordinary shares of £0.0001 each, to settle accrued interest on a £233,466 convertible loan, at a price of £0.000235 per share. TVRs Following admission, the company’s issued share capital will comprise 9,402,920,277 ordinary shares, each with equal voting rights. The company holds no ordinary shares in treasury. Red […]
Sunda investors back capital reorganisation
Sunda Energy plc has received shareholder support for a capital reorganisation, which results in 34,501,863,365 ordinary shares reduced to 345,018,634 new ordinary shares. DIRECTORS Shareholders also approved admission of 26,890,755 conditional subscription shares and 13,606,029 retail offer shares, from fundraises earlier this month. Sunda is also now authorised to grant 28,571,426 subscription warrants and 6,802,977 […]
Serica completes $300m bond placement
Serica Energy plc has completed a placement of $300 million of new five-year senior unsecured bonds, with a coupon rate of 7.875% per annum. OPPORTUNITIES The bond placement met “strong” demand and was “significantly” oversubscribed by high-quality investors across the Nordics, UK and other regions. Settlement of the bond issue is expected on or about […]
Critical posts ‘excellent’ assays at Agadir Melloul
Critical Mineral Resources plc reported “consistent copper mineralisation” and “excellent zones of thickness and copper grade” from the first drill assay results at Agadir Melloul in central Morocco. SCALE The company said that in some areas, copper mineralised drill intercepts averaged approximately 5m true width. Results include 5.0m at 1.20% copper, 0.77g/t gold and 1.4g/t […]