Altus Strategies plc has been granted a small-scale gold mining licence at its 100% owned 83.1km2 Korali Sud licence, containing the Diba gold project, in western Mali. DIBA The project hosts the Diba deposit and the Diba NW and Diba Far East prospects, and lies 5km west of the company’s 100% owned 24km2 Lakanfla gold exploration […]
Author: editorial
Kavango-Power Metal start drilling at Ditau
Kavango Resources plc and Power Metal Resources plc have started diamond drilling target i10 at the rare earth element (REE)-copper Ditau Camp project in southwest Botswana. JOINT VENTURE The 50-50 joint venture (JV) is held as Kanye Resources plc, with Kavango as the operator. TARGET i10 Target i10 is a ‘carbonatite pipe’ type intrusive target. Kavango […]
Ascent raises £242,500 via warrant exercise
Ascent Resources plc has raised £242,500 after agreeing to the immediate exercise of the remaining equity warrants issued on 6 August 2020. The August 2020 warrant holders owned in total a remaining 6,062,500 new equity warrants exercisable at 4 pence per new warrant share. In exchange for the accelerated warrant exercise, Ascent agreed to issue […]
Hurricane raises reserves estimate and lowers guidance
Hurricane Energy plc has increased its estimate of reserves and reduced its production guidance at the Lancaster oil field, west of Shetland. The company attributed the decrease to the impact of the annual maintenance shutdown in Q3 of the FPSO. RESERVES Hurricane said that the estimated increase in reserves was due to an improvement in […]
WCM expects July decision on Woodhouse
West Cumbria Mining Ltd (WCM) said the final decision should be made by 7 July on its plans for a coking coal mine off the coast of Cumbria. HISTORY In 2021, the Government called in the plans after previously twice refusing to do so. Cumbria Council also refused to support the plans after previously granting […]
Tertiary fails to find significant results at North Ruth
Tertiary Minerals plc said that drill results had to date failed to show significant mineralisation at depth at the North Ruth target in the Pyramid silver-gold project in Nevada, USA. PROGRAMME The company conducted soil and rock chip sampling and trenching throughout 2021 which established “wide intervals of significant silver and associated gold mineralisation” at […]