Golden Metal Resources plc plans to supply Oxford Sigma Ltd with tungsten from the company’s Pilot Mountain in Nevada in the USA for nuclear fusion technology. COLLABORATION A non-binding memorandum of understanding will see the two companies explore and develop critical metal supply for tungsten alloy and tungsten containing materials for the fusion industry. Tungsten, with […]
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Golden Metal engages Allan Moran as modelling geologist
Golden Metal Resources plc has engaged modelling geologist Allan V. Moran to advance the company’s Pilot Mountain tungsten project in Nevada, USA. Mr Moran will model existing tungsten-copper-silver-zinc mineralisation at the site, focusing on the Desert Scheelite zone which hosts the majority of the in-ground resource at Pilot Mountain. He will plan resource infill as well as […]
Oriole seeks investment partner for CLP lithium
Oriole Resources plc said it was seeking an investment partner for its lithium project in the 4,091km2 Central Licence Package (90%) in Cameroon. ANOMALY Of the nine licences originally chosen for orogenic gold mineralisation and other minerals, Ndom and Gamboukou in the Eastern CLP have shown lithium-bearing pegmatites from mapping and sampling. Chief executive officer […]
Ascent files claim memorial and €657m damages against Slovenia
Ascent Resources plc has formally filed its claim memorial and increase in damages to €656.5 million over its onshore gas interests against the Republic of Slovenia. HYDRAULIC FRACTURING Legal action began after the company claimed treaty breaches and that the country’s new laws banning the use of hydraulic fracturing affected the company’s operations within the […]
Kistos wins appeal to extend Netherlands licence
Kistos Holdings plc has won its appeal against Dutch regulators for a five-year extension to the M10/M11 licence in the Netherlands North Sea Shelf. ESTIMATES Third-party technical reports estimate the licence contains technically recoverable 2C resources net to Kistos of 174 bcf or 31.7MMboe. Kistos estimates the group’s 2P reserves of 36.2MMboe and 2C resources […]
Condor attracts ‘substantial interest’ in La India
Condor Gold plc said it continued to receive “substantial interest” for its La India open it in Nicaragua, but cautioned that a sale was not certain. RARITY The company, which announced the sale of its flagship asset in November 2022, added it was encouraged by the process to date. Five non-binding offers have been made, […]