Corcel plc’s joint venture partner has refined existing drill targets in preparation for an inaugural drill campaign at the Mt. Weld rare earth elements project near Laverton in Western Australia. MULTIPLE TARGETS Riversgold Ltd completed 3D inversion magnetics work had confirmed the validity of multiple magnetic targets and allowed refined planning for drilling, said Corcel. The […]
Author: editorial
Serica to increase production with strong results from Gannet
Serica Energy plc welcomed a strong start to production from the Gannet GE-04 well, currently owned by its planned acquisition company Tailwind Energy Investments Ltd. PRODUCTION RATES Tailwind approved the combined Gannet E expansion project combined with Evelyn Phase 1 development in Q1 2021. The company drilled the GE-04 well in late 2022 and completed […]
Reabold to drill Dunrobin on revised CPR
Reabold Resource plc plans to drill the Dunrobin licence after a competent person’s report indicated 201 million barrels of unrisked prospective gross resources. DUNROBIN WEST North Sea licence P2478 partners comprise Reabold with a 36% working interest and Baron Oil plc and Upland Resources (UK Onshore) Ltd, each with 32%. The first exploration well is […]
Scotgold raises £3m from retail offer-placing-subscriptions
Scotgold Resources Ltd has raised a total £3 million from the now closed retail offer and earlier placing and subscriptions. The company will issue 1,178,460 ordinary shares at a price of 40 pence per retail offer share, as well as 4,815,000 placing shares and 1,435,000 subscription shares for a total 7,428,460 new ordinary shares. On […]
New Ballarat finds visible gold in first Berringa drill holes
New Ballarat Gold Corporation plc (NBGC) said it had found visible gold in the first three holes drilled at the Berringa gold mine within the wider joint venture (JV) project in Victoria, Australia. DRILL PROGRAMME Company partners Red Rock Resources plc (51.1%) and Power Metal Resources plc (49.9%) have also renewed the exploration licence covering […]
Deltic NED purchases one million shares
Deltic Energy plc non-executive director Peter Nicol has purchased one million ordinary shares of 0.5p each at a price of 2.6p. Mr Nicol is now beneficially interested in a total two million ordinary shares, representing approximately 0.11% of the voting rights in the company. The purchase took place. on 15 February