Power Metal Resources plc has failed to find economically significant intersections of nickel from drilling results at the Haneti project in central Tanzania. LITHIUM The company said it was planning advanced targeting and re-engagement with potential partners. The joint venture, between Power Metal (35%) and operator Kotoro Gold (65%), includes the new Babayu lithium prospect, 40km southwest […]
Author: editorial
Baron costs rise in year of ‘considerable progress’
Baron Oil plc said it made considerable progress last year by increasing its stake in oil and gas licences in Timor Leste and the UK. FINANCES The company’s interests include Timor Leste TL-SO-19-16 – Chuditch (75%), UKCS P2478 – Dunrobin (32%) and Peru Block XXI – El Barco (100%). Baron Oil’s audited financial results for […]
Altus finds high grade gold prospects on Egypt licences
Altus Strategies plc said it had discovered multiple high grade gold prospects from reconnaissance sampling across all four of the company’s projects in the Eastern Desert, Egypt. ADDITIONAL LICENCES The company added it had been awarded two further gold exploration licences, totalling 349 km2, taking the aggregate holdings in Egypt to 1,914 km2. Altus’s 100% […]
Union Jack becomes UKOOG associate member
Union Jack Oil plc (UJO) has become an associate member of industry body United Kingdom Onshore Oil and Gas (UKOOG). ENERGY SECTOR The organisation represents the UK’s onshore oil and gas industry, including exploration and production. UJO executive chairman David Bramhill would work with UKOOG to help promote the benefits of the UK onshore hydrocarbon […]
Cora posts some ‘best’ 2022 results for Sanankoro
Cora Gold Ltd said it had received some of its best results of 2022 from its Sanankoro project in southern Mali. The company added it had also “substantially completed” the component parts of the definitive feasibility study (DFS). RESULTS Final reverse circulation (RC) drilling returns from the 2022 drill programme include 12m @ 7.61 g/t […]
United JV plans well test on ARC reservoir at Abu Sennan
United Oil & Gas plc and its joint venture partner plan to test the Abu Roash ‘C’ (ARC) reservoir in the ASV-1X exploration well, located within the Abu Sennan licence, onshore Egypt. DRILL The company holds a 22% working interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt. Drilled to a […]