A feasibility study has also started to evaluate the potential for power generation and data centre assets, using gas produced from the field.
Tag: joint venture
Cadence on schedule to start Azteca plant at Amapá
Cadence Minerals plc expects its Azteca processing plant to be begin operations by the end of August 2026 at the Amapá iron ore joint venture in northeast Brazil. LICENCE Personnel, equipment and site resources have arrived on schedule at the site, and refurbishment has started. The company said that works cover key processing systems, including […]
First Class completes Zigzag earn-in
First Class Metals plc has completed its 80% earn-in to the Zigzag lithium-rubidium-gallium-tantalum project in northwestern Ontario, Canada. STRATEGIC The March 2023 option agreement with Nuinsco Resources Ltd will create a 80-20% joint venture between the two companies. The company’s work to secure the controlling share of the project included cash, share and exploration expenditure […]
WGE positive on Caledonian sampling gold results
Western Gold Exploration Ltd’s latest sampling results continue to build a “compelling picture of an emerging gold district” at the Caledonian gold joint venture project in central Scotland. PROSPECTS The JV with Acrux Gold Ltd, which owns the Cononish gold mine in Argyll, holds two Crown Estate Mines Royal Option applications, of Lyon and Orchy, covering […]
Union Jack JV defers Crossroads spud date
Union Jack Oil plc said that “rig maintenance requirements” had delayed the start of drilling the Crossroads well in southern Oklahoma. PROGRAMME Joint venture partner and operator Reach Oil and Gas Company Inc. had intended to spud the well this week. “The operator is confident that the well will be spudded before the end of […]
Sunda wins joint bid for Philippine blocks
Sunda Energy plc has been awarded non-operated interests in two petroleum service contracts for licence areas, offshore the Philippines. HIGH IMPACT The company bid in a group with operator Triangle Energy (Global) Ltd, PXP Energy Corporation and The Philodrill Corporation. Sunda holds a 37.5% interest in the two blocks located in the southwest of the […]