Arkle Resources plc said it had agreed with its joint venture (JV) partner to drill a further hole at the Stonepark zinc project in Limerick, Ireland. JOINT VENTURE The company holds 23.44% and operator Group Eleven Resources Corp owns 76.56%. STEP-OUT HOLE After completing the current six-hole programme, Group Eleven will drill the additional hole […]
Author: editorial
Tungsten West grants 2.8m share options
Tungsten West plc has granted directors and employees a total of 2,799,982 options over ordinary shares of £0.01 each in the company. PDMRs Recipients include the chief financial officer, managing director, executive vice chairman and other employees pursuant to the company share option plan (2022 CSOP) and employee share option plan (2022 ESOP). The options […]
Cora defers DFS to enhance Sanankoro economics
Cora Gold Ltd said it would need more time to produce the definitive feasibility study (DFS) for the Sanankoro gold project in southern Mali. OPTIMISATION The company had aimed to complete the DFS in Q3 2022 but now expects to report on progress during Q4 2022 as it “optimises various aspects of the study”. Chief […]
Block completes deepening JSR-01 in Patardzeuli
Block Energy plc has completed deepening the JSR-01 well in the Patardzeuli oil field in Block XIB in Georgia. PROJECT II The company began drilling JSR-01DEEP in early September, marking the start of Project II, one part of a three-project strategy. Block Energy aims to evaluate a contingent resource of 200 MMbbls of oil and accelerate near-term […]
Predator receives £28,000 via options exercise
Predator Oil & Gas Holdings plc received £28,038.36 following an exercise notice of share options from a former director. SCHEME The options were issued to Dr Stephen Staley in the company’s unapproved share option scheme dated 18 May 2018 to subscribe for 1,001,370 new shares each at 2.8p. Director Total shares Options 18 May 2018 Options […]
Araguaia approved as strategic minerals project
Horizonte Mineral plc said it would have a priority from Brazilian agencies for the construction and operation of the Araguaia nickel project. IMPORTANCE The move is a consequence of Brazil’s approval of Araguaia as a strategic minerals project, which will also see support from an inter-ministerial committee. “The selection of the Araguaia nickel project as […]