GreenRoc Mining plc said it was in the process of defining a graphite province of possible global significance, following confirmation of historic graphite occurrences in four new zones at Amitsoq in Greenland. FIELD EXPLORATION Alongside Phase II drilling, the company conducted a field exploration campaign in July. GreenRoc collected grab samples from across the project […]
Author: editorial
Tungsten West remaining capex below forecast
Tungsten West plc said that the estimated remaining capital expenditure of £31.5 million was “significantly below” the previous forecast for restarting production at the Hemerdon tin-tungsten mine in Devon. BUDGET The company added that the figure, which excludes a 20% contingency of £6.3m, is less than that projected when the company paused the project in […]
Altona expects to list in coming weeks on LSE
Altona Rare Earths plc said it expected to complete its admission in the coming weeks to the Standard segment of the London Stock Exchange. MONTE MUAMBE The company decided in early 2021 to transfer listing from AQSE to the LSE. While working with its advisers on admission, Altona has also progressed its flagship project at […]
Power Metal appoints Owain Morton as NED
Power Metal Resources plc has appointed Owain Morton as a non-executive director with immediate effect. Mr Morton, based in the UK, is an associate partner – Mining & Metals SME with IBM providing multi-sector business services and technology consulting. His previous roles include technology and innovation manager for Glencore Global, technical strategy and risk management and operations […]
Europa-i3 to abandon Serenity SA02 well
Europa Oil & Gas (Holdings) plc said that, following “disappointing” results, it would abandon and plug the SA02 well in the joint venture Serenity field. STRATEGY The company owns 25% of the project with operator i3 Energy plc holding 75%. The gross well cost is forecast to be £10.4 million with an estimated total cost […]
Block Energy appoints new auditor
Block Energy plc has appointed PKF Littlejohn as its new auditor, and current auditor BDO LLP has resigned. The appointment was authorised in August 2022 at the company’s general meeting and followed a tender process led by the company’s audit and risk committee. Any proposal to re-appoint PKF as auditors of the group will need […]