Cornish Lithium Ltd said it had successfully commissioned the pioneering £4 million direct lithium extraction (DLE) pilot plant at United Downs, Cornwall. DLE The company added that it was the first time that a DLE system has become operational in the UK. DLE technology selectively removes the lithium compounds from the geothermal waters. Cornish Lithium […]
Author: editorial
Europa strong financial results driven by Wressle
Europa Oil & Gas (Holdings) plc said it had recorded its strongest interim results since H1 2014 with a four-fold increase in revenue driven by Wressle oil production and high prices. The company has oil and gas exploration, development and production interests in the UK, Morocco and Ireland FINANCES In its interim results for the […]
Egdon appeals against refusal for Biscathorpe sidetrack
Egdon Resources UK Ltd has submitted an appeal against Lincolnshire County Council’s refusal to allow sidetrack drilling, testing and long-term oil production at Biscathorpe. PROCESS The company is the operator of joint venture PEDL253 with a 35.8% interest, Union Jack Oil plc holds a 45% economic interest, and Montrose Industries Ltd has 19.2%. Egdon submitted […]
Power Metal subsidiary develops Australia targets
Power Metal Resources plc said it was preparing for the most effective way to develop target areas in its gold, rare earth element (REE) and uranium projects in Australia. WALLAL-BRAESIDE WEST-RIPON HILLS The company owns 83.33% of local company First Development Resources Ltd (FDR), which plans to list on the London capital markets in Q3 2022. FDR recently completed a […]
New Ballarat pauses drilling for results at Victoria
New Ballarat Gold Corporation plc joint venture (JV) has paused drilling to await assay results from exploration in the Victorian gold fields, Australia. JOINT VENTURE The JV comprises Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). New Ballarat has a 100% interest in Red Rock Australasia Pty Ltd (RRAL). INITIAL RESULTS The company completed […]
Altus awarded mining licence for Agdz Cu-Ag project
Altus Strategies plc has been awarded a 10-year mining licence for its 100% owned Agdz copper and silver project in Morocco. AGDZ The site lies 14km southwest of the Bou Skour copper-silver mine in the eastern Anti-Atlas of Morocco. Agdz hosts four significant copper-silver prospects covering some 8km2. The company’s Moroccan portfolio is held by […]