Golden Metal Resources plc has expanded its footprint by staking claims over 923 acres within the Kibby Basin, host to recent lithium brine discoveries in Nevada, USA. CONDUCTIVE ANOMALY The 47 placer claims in Kibby North and Kibby South lie less than 1.5 and 3.5km from the company’s flagship Pilot Mountain tungsten project. The company also has the […]
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Horizonte receives mining permit for Araguaia nickel
Horizonte Minerals plc has received a mining permit for its 100%-owned Araguaia nickel project in northeast Brazil. ORE STOCKPILES Consent from the Pará State Secretariat for Environment and Sustainability (Semas) allows initial work currently underway to establish ore stockpiles on the ROM pad ahead of the commissioning phase. “The approval enables the company to mine, […]
Block to spud next project I well following record production
Block Energy plc aims to spud the next well this month for Project I of its onshore oil and gas operations in Georgia. WELLS The company’s Q2 2023 report added that back-to-back drilling resulted in record production with an average rate of 664 boepd (Q1: 400 boepd). The success of wells JKT-01Z and WR-B01Za has […]
Block appoints Guram Maisuradze as COO
Block Energy plc has made new appointments including promoting Guram Maisuradze to chief operating officer (COO). Mr Maisuradze has worked for the company for five years, holding the role of operations manager. He has been responsible for planning and executing the drilling of new wells and for the overall management of production operations. Outgoing COO Dr Ken […]
i3 Energy CEO purchases 196,318 shares
i3 Energy plc chief executive officer Majid Shafiq purchased 196,318 ordinary shares each of 0.01 pence in the company at a price of 12.7 pence per share. Following the transaction on 4 July, Mr Shafiq has in aggregate 9,734,609 ordinary shares representing 0.81% of the company’s issued share capital.
Altona to drill target orebody at Monte Muambe
Altona Rare Earths plc is due to drill one of two orebodies with results to be included in the inaugural JORC mineral resource estimate (MRE) for the Monte Muambe project in Mozambique. TARGETS The company expects to resume drilling on or around 15 July, with Spartan Drilling Services Limitada conducting operations. The programme will initially […]