Altona Rare Earths plc expects to increase its holding in the Monte Muambe project from 31 to 51% following today’s publication of the scoping study. PROCESS Results show an expected average 15,000 tonnes production of mixed rare earth carbonate (MREC) over 18 years from open-pit mining of targets 1 and 4, at a life of […]
Author: editorial
Down-hole jet pump installed at Wressle
A down-hole jet pump has been installed on Wressle-1 and the well recompleted in a successful workover before production resumes. FINAL STAGES The joint venture on PEDL180 and 182 comprise operator Egdon Resources plc (30%), Europa Oil & Gas (Holdings) plc (30%) and Union Jack Oil plc (40%). Union Jack and Europa today said that […]
Angus to resume testing at Balcombe
Angus Energy plc will restart testing the Balcombe well site in West Sussex, after the High Court dismissed a judicial review from objectors. HYDRAULIC FRACTURING The Balcombe-2Z well was drilled almost a decade ago, and in November 2018 the company as operator conducted a short-term, inconclusive test. Project partners of PEDL244 at the time comprised […]
New mineralised zones identified at Gairloch
High grade potential and new zones of mineralisation have been identified from recent exploration drill results at the Gairloch gold project’s Kerry Road deposit. MINERALISED TREND Galantas Gold Corporation’s fifth hole 23-GL-05, targeting a geophysical anomaly, intersected 1.87 g/t gold, 1.17% copper, 1.20% zinc, 131 g/t cobalt and 7.06 g/t silver over 34.25 metres. Drilled […]
Corcel offered $4.1m for Mambare
Corcel plc has received a revised conditional offer of $4.1 million for its 41% interest in the Mambare nickel-cobalt project in Papua New Guinea. EXIT Part of the payment from Integrated Battery Metals (IBM) can be either in cash or IBM shares at Corcel’s discretion. In March 2023, Corcel restructured its PNG assets by signing a […]
Helium One restarts drilling Tai-3
Helium One Global plc has restarted drilling Tai-3 well after a rig component failure halted operations earlier this month on the Rukwa licence in southeast Tanzania. ITUMBULA-C The company sourced and installed a replacement part and yesterday began drilling ahead through the primary reservoir targets in the Lake Bed formation, Karoo Group and Basement. The […]