United Oil & Gas plc’s board of directors has awarded 6,862,005 share options to the company’s chief financial officer Peter Dunne. CONTRACT The shares have an exercise price of 2.47 pence, a vesting period of three years and an expiry date of ten years from the date of granting. United said that the grant of […]
Author: editorial
Oriole granted two-year extension for Bibemi
Oriole Resources plc has been granted a two-year licence extension for its 90%-owned Bibemi orogenic gold project in Cameroon. PROSPECTS The company said that under Cameroonian law, no mandatory ground relinquishment was required on renewal and the Oriole has maintained the full 177km2 licence area. The extension, which is non-renewable, is valid until 26 September 2024 after […]
Ormonde completes €2.3m La Zarza assets sale
Ormonde Mining plc has completed the €2.3 million sale of its land, data and drillcore assets at La Zarza copper-gold-zinc project in Spain. The company has now received an initial €800,000 from the purchaser La Zarza Mineria Metalica S.L.U., a subsidiary of Tharsis Mining S.L. The balance will be paid in three equal payments of […]
Power Metal adds third major target for Molopo drill
Power Metal Resources plc has identified a third drill target at its 1,723km2 nickel-copper-platinum group element project at Molopo Farms Complex in southwest Botswana. DE-RISKING Final analyses of MLEM surveys, which denoted targets T1-6 and T2-3, have also highlighted a “significant ‘jelly-bean’ shaped, geophysical conductor” at target area T1-3. The company said that the conductor remained […]
Cuadrilla Resources in line for £11m to extract shale gas in Lancashire
Cuadrilla Resources plc’s owner said that its recent AUS$19.7 million (£11.5m) fundraise may be used on the shale gas extraction project in Lancashire. REGULATORY CHANGES A statement from Australian owner AJ Lucas Group Ltd yesterday reported completion of the “heavily oversubscribed” placement of 179.4 million shares each at $0.11, a discount of 29%. “Proceeds raised […]
Kavango plans up to six holes for KCB inaugural drill
Kavango Resources plc plans to drill up to six holes for 1,250m in the first of four copper-silver prospecting licences in the Kalahari copper belt (KCB), Botswana. PHASE I The first phase of inaugural drilling on PL082/2018 will see sub-contractor Mindea Exploration and Drilling Services Pty use a multi-purpose rig, capable of diamond core and […]