Golden Metal Resources plc has appointed Chang Oh Turkmani as a strategic United States government advisor, with immediate effect. She will help the company advance its critical minerals strategy in Nevada and the broader United States. Mrs Turkmani is experienced in import and export of industrial commodities, mining, manufacturing, construction, energy trading, shipping, environmental remediation, renewable energy, and investment advisory […]
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Conroy notes extended quartz bedrock at Armagh
Conroy Gold and Natural Resources plc reported extended quartz bedrock by more than 100 metres at the joint venture Mines Royal option of Newtownhamilton in Co. Armagh, Northern Ireland. CHANNEL SAMPLING Assay results from bedrock channel samples included a gold intersection of 1.0m at 6.5 g/t gold, with visible native gold also observed. The programme […]
Corcel completes Kwanza oil-gas acquisition
Corcel plc completed the acquisition of its 90% interest in Atlas Petroleum Exploration Worldwide Ltd with assets in the Kwanza basin, onshore Angola. INVESTOR The company last week signed the risk service contracts for blocks KON-11, KON-12 and KON-16 and other conditions precedent are also satisfied. The issue of shares for the transaction, announced in May […]
Tungsten West starts small-scale legacy production
Tungsten West plc has started small scale production of legacy tin and tungsten from its partially recommissioned mineral processing facility (MPF) at Hemerdon in Devon. LEGACY ASSETS REVENUE The material and a limited amount of residual material remaining in circuit, totalling just over 50 tonnes, was processed in the recommissioned dry section of the MPF’s […]
Tungsten West expects to cut jobs by 42%
Tungsten West plc said it expected to reduce its workforce by 42% as part of cost cutting measures at Hemerdon tin-tungsten mine in Devon. SAVINGS The company forecasts redundancies and resignations will meet the targets in its nearly completed cost reduction programme which began in April 2023. “Monthly recurring payroll costs are expected to reduce […]
Baron granted more time for Chuditch decision
Baron Oil plc plc has received a six-month extension for preparations before deciding whether to drill an appraisal well on the TL-SO-19-16 ‘Chuditch’ production sharing contract (PSC), offshore Timor-Leste. EVALUATIONS The new expiry date of 18 December 2023 has been given to the company’s subsidiary and operator SundaGas Banda Unipessoal Lda. A subsequent commitment, on […]