Tungsten West plc has appointed senior non-executive independent director David Cather as chairman of the board. Mr Cather, who replaces Robert Ashley, joined the company in September 2021. He was previously the chief executive officer of private institutional investment house Abu Dhabi Capital Group in the United Arab Emirates. Prior to this Mr Cather was […]
Author: editorial
Tungsten West chairman Robert Ashley retires
Tungsten West plc chairman Robert Ashley has retired with immediate effect. He is replaced by David Cather. Mr Ashley joined the company in September 2021 and led it through its initial public offering. “On behalf of the board and the company, I would like to thank Rob for his considerable efforts in our journey to […]
Power Metal increases Canadian lithium assets
Power Metal Resources plc has expanded its Canadian lithium portfolio by staking 5,788.5 hectares of the 100% owned North Wind project in Ontario. 2023 PROGRAMME The company’s other lithium project is in Authier North, Quebec. Power Metal identified North Wind by researching and analysing more than 600,000 lake sediment sample points collected by the Ontario […]
Tertiary begins exploration targeting at earn-in copper assets in Zambia
Tertiary Minerals plc has progressed to exploration targeting at two of four earn-in copper projects in Zambia. EXPLORATION TARGETING The four licences, owned by local partner Mwashia Resources Ltd, comprise Konkola West, Lubuila, Mukai and Mushima North. Tertiary said that consultants Remote Exploration Services (RES) of South Africa had completed initial prospectivity reviews of the […]
Caerus grants directors total 4.4m share options
Caerus Mineral Resources plc has granted options over a total 4,400,000 ordinary shares of 1 pence, with an exercise price of 7.5 pence, to incentivise and retain its directors. DIRECTORS The exercise price represents an approximate 36% premium to the closing share price on 24 November 2022. Executive chairman Christopher Lambert received 2,000,000 options; chief […]
United lowers guidance after ASH-4 flow rates fall and workovers delayed
United Oil & Gas plc today said that a decrease in flow rates from the ASH-4 well and delayed maintenance workovers had reduced production guidance at Abu Sennan, onshore Egypt. ASH-4 OIL VOLUME The ASH-4 step-out well previously encountered 20 metres of net pay through the primary Alam El Bueib (AEB) reservoir target and was […]