Tungsten West plc has appointed its chief executive officer Neil Gawthorpe to the board as an executive director. The company first announced its intention to make the appointment when Mr Gawthorpe became CEO earlier in March.
Author: editorial
Union Jack starts share buyback
Union Jack Oil plc has started a share buyback programme funded by its own existing cash. TREASURY The programme will also be within the limitations of the authority granted by shareholders at the 2021 general meeting in June 2022. As at 27 March 2023, the company had purchased a total of 2,825,000 ordinary shares in […]
UKOG signs conditional farm-in for Horse Hill
UK Oil & Gas plc (UKOG) has signed a conditional binding term sheet for a farm-in with Pennpetro Energy plc for the Horse Hill oil field, 2km north of Gatwick airport in Sussex. PARTNERS The transaction, with the company’s subsidiaries UKOG Ltd (85.635%) and Horse Hill Developments Ltd (HHDL) (77.9%), will be on an incremental […]
Red Rock nears trial lithium mining at Tin Hill
Red Rock Resources plc could start trial mining in the coming months at its Tin Hill lithium project in southeast Zimbabwe. SCHEDULE The company’s environmental management plan (EMP) and site of works plan for Tin Hill was approved by the Environmental Management Agency in January 2023. In February, Red Rock’s plans were delayed for two […]
Scotgold future at risk by poor gold grades and lack of funds
Lower than expected gold grades and potential lack of funds threaten Scotgold Resources Ltd’s future at Cononish mine, said the company. DECLINE OF GRADES The Australian miner has altered its plans from extracting ore via level development and cut-and-fill stoping to “cost effective and efficient extraction of ore” with long hole stoping in Q2 2023. […]
Oriole completes Mbe geophysics
Oriole Resources plc has completed a ground-based geophysics programme over the main gold target at the Mbe licence, one of five within the Eastern Central Licence Package (CLP) in Cameroon. TARGETS The programme tested the local and regional scale structures at depth to help develop the geological model and identify drill targets. Oriole also continues […]