Caerus Mineral Resources plc noted that its former chairman Michael Johnson acquired 1,021,250 ordinary shares, representing 1.67% of the issued share capital of the company. The transactions, between 9 April 2021 and 6 May 2021, were at £0.00 and outside a trading venue. In total, Mr Johnson and persons closely associated hold 5,550,001 ordinary shares representing 9.0% […]
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Power Metal completes majority share deal for Molopo
Power Metal Resources plc has completed the transaction to increase its share to 87.71% in the Molopo Farms Complex nickel platinum-group metal (PGM) project in southwest Botswana. OPERATIONS The company has now acquired the majority share in Kalahari Key Mineral Exploration Pty Ltd which owns Molopo. Power Metal is currently conducting a 2,600m diamond drill programme […]
Alba appoints Vivien Johnston Glass as consultant
Alba Mineral Resources plc has engaged Vivien Johnston Glass FRSA as specialist ‘mine-to-market’ supply chain consultant for refined gold products. Ms Glass has more than 20 years’ experience in the jewellery industry and is an expert in responsible sourcing of precious metals, diamonds and gems. She formerly worked for Scotgold Resources (2011-2022) from the planning stage to […]
Reabold shareholders reject plan to remove directors
Reabold Resources plc said that proposed resolutions, including the removal of the entire board of directors, have been rejected at a requisitioned general meeting. TIMELINE Shareholders today voted against each resolution by slightly more than 75% with just under 25% in favour. In October 2022, Pershing Nominees Ltd which owns some 6.93% of Reabold’s issued […]
Parkmead notes rig mobilisation for LDS drilling
The Parkmead Group plc said mobilisation of the Drilltec Synergy 2 Rig had started for the two-well drilling campaign at the LDS project in the Netherlands. PROGRAMME The company added that the LDS wells would target multiple Rotliegendes gas reservoir prospects from the existing Diever well site, which is already in production. Construction work is nearly […]
Neptune finds hydrocarbons in Calypso
Neptune Energy reported that logs had proved the presence of hydrocarbons in the Calypso exploration well within licence PL938 in the Norwegian Sea. EARLY STAGES Project partners comprise Neptune as operator (30%), OKEA ASA (30%), Pandion Energy AS (20%) and Vår Energi ASA (20%). The companies will now consider gathering additional data of the reservoir. […]