Cavanacaw gold mine will produce an estimated 5,000 tonnes per month of development and stope mineralised material within 12 months of start-up, according to its published mine plan. QME Mine owner Galantas Gold Corp said that an increase in operations would result in estimated costs of development prior to achieving steady-state production of approximately US$12 […]
Author: editorial
Tullow granted more time for Gabon licences
Tullow Oil plc has increased its resource base in Gabon with the extension of several of its licences until 2046. TCHATAMBA The company said that government approval will add some 5mmbbls net 2P reserves that will deliver 100% 2P reserves replacement this year. “This activity is in line with the group’s strategy to focus on […]
United extends £5.7m sale date for Maria discovery
United Oil & Gas plc has agreed a further deadline extension and a non-refundable deposit for the £5.7 million sale of its UK central North Sea licence P2519 containing the Maria discovery. REVISED TERMS The company had been in advanced talks with purchaser Quattro Energy Ltd to extend the long stop date for the sale […]
Ascent might pursue offer for Amur after talks ‘ceased’
Ascent Resources plc said it could still put forward a binding offer for Amur Minerals Corporation after the latter announced this morning that talks on a previous offer had ceased. SURPRISED In June 2023, Ascent planned to bid for Amur which had recently sold its Kun Marie nickel copper sulphide project in Amur Oblast, far […]
Cornish Lithium receives £53.6m private-public funds
Cornish Lithium plc will receive £53.6 million of private and public funding, with up to a further £168m, for its lithium in hard rock and geothermal waters projects in Cornwall. TRELAVOUR The money will come from the UK Infrastructure Bank (UKIB), The Energy & Minerals Group (EMG) and the company’s current largest investor TechMet. Founded […]
Helium One notes options exercise over 6m shares
Helium One Global Ltd received notice for the exercise of options over a total 6 million ordinary shares in the company. The company also issued 56,638 ordinary shares to a service provider in lieu of cash payment. On admission, Helium One’s issued share capital will consist of 827,373,097 ordinary shares with voting rights. The company holds no […]