Jersey Oil & Gas plc reported slow progress at Buchan Horst as it awaits proven compliance with government policy regarding scope 3 emissions for UK North Sea projects. TAX In its audited 2025 financial results, the company said it had yet to complete the effect of downstream, or end-use, emissions from its upstream operations in […]
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Altona secures £2m growth facility
Altona Rare Earths plc has secured a growth capital facility with Zeus Capital Ltd, to raise up to gross £2 million, to progress its Monte Muambe project in northwest Mozambique. TVRs The funds will add to Altona’s cash balance of £1m, as at 30 April, and also protect shareholders from “unnecessary dilution”. Altona will draw […]
First Development awards Lander West drilling contract
First Development Resources plc has appointed a drilling contractor for phase I reverse circulation drilling on the Lander West target at Selta in the Northern Territory, Australia. GOLD GD GeoDrill Australia Pty Ltd will complete up to 3,000 metres, with follow-up drilling subject to field observations and results. The company said that the programme would […]
Nativo publishes exploration target for Tesoro
Nativo Resources plc has published an inaugural JORC (2012)-compliant exploration target for the Bonanza, Tesoro, Tesoro_1 and Morrocota vein systems at its Tesoro gold concession in southern Peru. POTENTIAL Results include contained gold of approximately 6,686 – 195,434 ounces and tonnages between 79,051 to 316,200 t. The Tesoro vein holds the highest amount of contained […]
Lansdowne raises £99,260
Lansdowne Oil & Gas plc has raised £99,259 through its retail offer of 99,259,000 new ordinary shares at the issue price of 0.1 pence per share. TVRs The sum adds to the funds raised earlier this month through a placing of 1.9 billion shares, for gross proceeds of £1,999,259, subject to shareholder approval at a […]
Panther prepares to drill Obonga targets
Panther Metals plc is preparing to drill two “highly prospective” targets, of the Wishbone prospect and the Awkward conduit prospect, at Obonga in northwest Ontario, Canada. COMPELLING During the coming week, the company will clear the land for the permitted drill pad locations. The company described Wishbone is an “emerging” zinc and copper base metal […]