Cornish Lithium plc has appointed Adam Howard and John Raymond to the board as non-executive directors. ADAM HOWARD Each represent the company’s strategic investors the UK Infrastructure Bank (UKIB) and The Energy and Minerals Group (EMG) respectively, following the £53.6m fundraise earlier in the year. Mr Howard is a director of UKIB, responsible for leading […]
Author: editorial
Arkle identifies pegmatites at Aughrim
Arkle Resources plc said it had discovered pegmatites from visual observation during its initial prospecting programme on its Aughrim block of four licences in County Wicklow. EARLY DRILLING The company took samples from ten priority target areas including exposed granitic bodies which are part of the Leinster granite highly prospective for lithium, caesium and tantalum […]
Two further production wells planned at Wressle
Two further production wells and a third to well to reinject any water produced with the oil are planned for the Wressle joint venture at Lodge Farm in Broughton, North Lincolnhire. PROPPANT SQUEEZE The first will target the Penistone Flags formation, primarily a gas reservoir, with produced gas exported into the local network via a […]
Kavango to acquire 15% of gold explorer Pambili
Kavango Resources plc expects to acquire 15% of gold explorer Pambili Natural Resources Corporation by converting its $250,000 convertible loan and a $75,000 loan premium into shares. GOLDEN VALLEY In 2022 Pambili, previously solely focused on oil and gas, completed an earn-in investment of up to 75% of Golden Valley gold mine in Matabeleland, southern […]
Scirocco Energy COO Doug Rycroft steps down
Scirocco Energy plc chief operating officer Doug Rycroft has stepped down from his position following the company’s completed sale of its Ruvuma gas interest in Tanzania. Chief executive Tom Reynolds said: “As a secondee from Gneiss Energy, which assisted us with the disposal of Ruvuma, Doug has played a critical role in managing Scirocco’s interest […]
Red Rock granted second gold licence in Côte d’Ivoire
Red Rock Resources plc has been granted a second gold licence, covering 380.94km2, in Côte d’Ivoire. INTEREST The initial four-year licence, awarded to the company’s subsidiary LacGold Resources SARLU, is in the departments of Yamoussoukro and others. Red Rock’s granted licences now total 725.44km2 with three more applications pending for licences in the north of […]