Panther Metals plc has appointed Platinum Diamond Drilling Inc. to drill the Winston Lake gold-gallium-silver-zinc-copper-cobalt tailings storage facility in Ontario, ahead of a mineral resource estimate. TRANSFORM Independent consultants SRK Exploration Ltd, who were appointed in September, will conduct the MRE. Chief executive officer Darren Hazelwood said that the appointment of the drilling contractor was […]
Equipment & Logistics
CMR’s new rig to drill first borehole in December
Critical Mineral Resources plc is due to begin drilling the first borehole with its new rig during the first half of December at Agadir Melloul, central Morocco. SAVINGS The fully refurbished Discovery HD track-mounted diamond core drilling rig arrived at the site on 20 November and is expected to double drilling capacity. The company said […]
GreenRoc secures €5m loan for Amitsoq
GreenRoc Strategic Materials plc has agreed up to a €5.2 million loan for its Amitsoq graphite mine in south Greenland and a European pilot plant for active anode material (AAM) production, using Amitsoq graphite. RESOURCE The binding secured loan from the Export and Investment Fund of Denmark (EIFO), available to draw down during the first […]
Helium One allots 1.6bn shares in final CLN
Helium One Global Ltd agreed the final conversion totalling £3,500,000 from investors at 0.218p and the allotment of 1,605,504,587 new ordinary shares, with shareholders’ approval. TVRs The funds went towards the company’s wholly owned helium project in the Southern Rukwa Basin in Tanzania and its 50% working interest in the Galactica-Pegasus project in Colorado, USA. Helium One has […]
Serica further lowers guidance after new setback
Serica Energy plc has again lowered guidance after an “issue with the flare system” on the Triton FPSO temporarily suspended production from 30 September. ROBUST The company said that operator Dana Petroleum had advised that production was “likely to restart shortly”. Rates are expected to be “severely limited until the root cause of the problem […]
Union Jack resumes production at Keddington
Union Jack Oil plc has restarted production at the Keddington joint venture oil field in the East Lyndsey district of Lincolnshire. SALES Operations, expected to resume during late 2024, followed “major site upgrades” during last year and 2025. “The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production,” […]