Cornish Metals Inc has granted 11 million incentive stock options over common shares in the company to executive management and senior staff. PDMRs The exercise price is £0.18 per share, the same as the investment price paid by Vision Blue Resources in the May 2022 fundraise of £40.5m. Chief executive officer Richard Williams received 2.4m […]
Author: editorial
Galantas MRE shows 77% rise in contained gold oz
Galantas Gold Corporation reported a 77% increase in total contained gold ounces in a revised mineral resource estimate (MRE) for Cavanacaw mine in Omagh, Northern Ireland. ROBUST The Canadian company’s revised NI 43-101-compliant MRE is based on 42 additional drill holes and a complete review of the previous vein wireframe interpretations. Consultants Micon International Ltd’s […]
Capricorn’s payment from Sangomar at risk
Capricorn Energy plc’s expected $25 – $50m contingent payment hangs in the balance after first oil was moved to next year from the Sangomar field development, offshore Senegal. AGREEMENT The change of date comes after Australian operator Woodside Petroleum’s today targeted first oil, initially due in late 2023, to mid-2024. Capricorn said that it would […]
Hartshead-RockRose complete seabed survey
Hartshead Resources NL and joint venture partner RockRose Energy Ltd have completed a geotechnical survey to determine seabed conditions of the Anning and Somerville gas fields. SUITABILITY Soils information from the cores will feed into the engineering design of platform anchor points and location of the jack-up drilling rig over the platforms. Analysis results of […]
Tullow adds second well at Jubilee South East
Tullow Oil plc has produced more than 100,000 bopd after bringing on stream a second well at the Jubilee South East (JSE) project, offshore Ghana. CASH FLOW The company said that both the JSE wells were performing in line with expectations and increased production rates by 50% compared with the first half of 2023. Two […]
Altona joins mining lobby group in Mozambique
Altona Rare Earths plc’s subsidiary, developing the Monte Muambe project, has joined the Chamber of Mines of Mozambique (CMM). ADVOCACY Founded in 2012 by a number of large international miners, CMM co-ordinates private sector mining companies in the country and represents their interests to the government. The organisation also aims to improve the image of […]