Altus Strategies plc said higher prices and production resulted in a record quarterly royalty pre-tax income of US$1.54 million for Q1 2022 from the Caserones copper mine in northern Chile. CASERONES The Caserones mine is a large, open-pit copper-molybdenum porphyry deposit, located within a 17,000 hectare land package approximately 4,300m above sea level in the […]
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Caerus confirms near surface mineralisation at Anglisides
The Caerus Mineral Resources plc and Bezant Resources plc joint venture said drilling results showed near surface copper mineralisation at the Anglisides licence, a satellite of the Troulli gold-copper project in Cyprus. LIFE OF MINE The JV expanded its ten-hole diamond drill programme to 16 holes to test the near surface copper potential for Anglisides and received […]
Altona results show high levels of Monte Muambe NdPr
Altona Rare Earths plc reported “significant” total rare earth oxide (TREO) grades including high levels of neodymium-praseodymium (NdPr) at Monte Muambe project in Tete Province, Mozambique. TARGET DRILLING Since February, Altona has collected and assayed more than 1,700 soil samples, refining the orebodies boundaries and identifying four new, rare earth element (REE)-rich drilling targets. Results […]
Obituary – Anglesey former CEO Bill Hooley
Anglesey Mining’s deputy chairman and non-executive director D. William (Bill) Hooley, who had more than fifty years’ experience in minerals operations and management, died suddenly on 7 June 2022. He previously held the post of chief executive officer of the company from 2006 to 2021. From 2007, Mr Hooley was also a director and deputy […]
UKOG appeal approved for Loxley
UK Oil & Gas plc (UKOG) has received approval on appeal to the Government for its Loxley gas and hydrogen feedstock project in Surrey. APPEAL The county council has twice refused the application on PEDL234, which led the company to appeal to the secretary of state for levelling up, housing and communities. In January 2022, […]
Predator starts litigation over terminated CO2 EOR project
Predator Oil & Gas Holdings plc said it had started a litigation process over the £591,065 FRAM loan for its Inniss-Trinity carbon dioxide enhanced oil recovery (CO2 EOR) project in Trinidad. FRAM The company signed an agreement with FRAM Exploration Trinidad Ltd which is a wholly owned subsidiary of Challenger Energy Group plc. Predator added that […]