Tertiary Minerals plc plans a drilling programme following its summer exploration campaign at the Brunton Pass copper-gold project in Nevada, USA. MINERALISATION The company’s work included trenching, sampling, geochemical analysis, petrologicalevaluation and field follow up. Six trenches were completed for a total 386m to evaluate further previously reported copper, mercury and arsenic anomalies in soil […]
Author: editorial
British Lithium files two further patents for production in Cornwall
British Lithium said it had filed two more patents for the production of high purity lithium carbonate and lithium hydroxide at the company’s pilot plant in Cornwall. RESEARCH The company has for five years researched the “most sustainable and economic process” to recover lithium from the unconventional lithium mica granites found across northern Europe. Since […]
Oriole raises £600,000 via discounted placing
Oriole Resources plc has conditionally raised £600,000 in a placing, including £32,000 as subscriptions by certain directors. DIRECTORS’ DEALINGS The company announced on 28 October, that it will issue in aggregate 500,000,000 new ordinary shares, each at 0.12 pence. The placing price is equal to a 27% discount to the 14-day volume weighted average price […]
Alba submits new dewatering application
Alba Mineral Resources plc said it had submitted a new permit application to dewater the Llechfraith shaft and associated workings at its 100% owned Clogau-St David’s gold project in North Wales. RENEWED APPLICATIONS The company also submitted renewed applications for a water discharge permit and a European Protected Species licence for the proposed dewatering exercise […]
Rockhopper faces application to annul €190m award
Rockhopper Exploration plc said that the Italian Government had applied for an annulment of €190 million compensation for the company over the Ombrina Mare oil field dispute. APPLICATION In August the International Centre for Settlement of Investment Disputes (ICSID) arbitration held that Italy had breached its obligations under the Energy Charter Treaty. Rockhopper added that on 28 […]
Capricorn-Tullow cancel proposed merger
Capricorn Energy plc and Tullow Oil plc today confirmed the cancellation of the proposed transaction for an all-share merger. STATEMENTS Capricorn said that on 29 September 2022, Tullow announced it had determined not to increase the value of its offer for Capricorn or to elect to implement its offer by way of a contractual offer. […]