Oriole Resources plc said it had completed the first tranche of the salary sacrifice scheme to advance the company’s Central Licence Package and the Bibemi projects in Cameroon. SHARE CAPITAL The company added that a £21,000 had been converted at 0.205 pence to 6,576,192 new ordinary shares of 0.1p each. Following the issue of the […]
Author: editorial
Power Metal-Kavango report further progress at Botswana projects
Power Metal Resources and Kavango Resources’ joint venture reported further progress from their rare earth element (REE)-base metals projects in southwest Botswana. JOINT VENTURE The 50-50 partners operating as Kanye Resources have assets comprising Ditau Camp and in the Kalahari Copper Belt (KCB). DITAU CAMP At Ditau, operator Kavango completed four diamond drill holes across […]
Kavango to acquire Power Metal share of Botswana JV
Kavango Resources plc is to acquire Power Metal Resources’ 50% share of their two-year joint venture and regain control of its rare earth element (REE)-base metal projects in Bostwana. KANYE RESOURCES The partners’ company Kanye Resources owns working interests in 10 prospecting licences in the Kalahari copper belt (KCB), covering 4,257km2. Kanye also owns two prospecting […]
GreenRoc extends graphite exploration area at Amitsoq
GreenRoc Mining plc has extended its exploration area with exclusive mineral exploration licence MEL2022-03 at its Amitsoq graphite project in Greenland. LICENCE The company said that the granted 68km2 licence area encompassed a potential southerly extension to the Kalaaq deposit and several known graphite showings separate from the Amitsoq Island and Kalaaq deposits. The southern […]
Government turmoil delays WCM coal mine decision
West Cumbria Mining Ltd (WCM) is still waiting to hear the fate of its proposed coking coal mine after the government minister responsible for making the decision was sacked. DISMISSAL The company was due to hear today from the Secretary of State for levelling up housing and communities Michael Gove. Prime Minister Boris Johnson last […]
Parkmead reports record revenue from Dutch gas assets
The Parkmead Group plc said it expected record gas revenues to exceed €14.5 million from its Dutch onshore gas assets as it also announced plans to accelerate new drilling. UNHEDGED The company added that for the year ended 30 June 2022, revenues were ahead of expectations. The figure was boosted by additional volumes from the […]