Cadence Minerals plc noted significant progress and revised economics at the Yangibana rare earth project in the Gascoyne region of Western Australia. JOINT VENTURE The company’s Australian joint venture partner Hastings Technology Metals is the operator of the project. Cadence owns 30% of three mining leases and six exploration licences which form part of the Yangibana […]
Tag: metals and minerals
Ascent NED Ewen Ainsworth to leave
Ascent Resources plc non-executive director Ewen Ainsworth will step down from 28 February 2022. Mr Ainsworth has accepted a full-time executive position elsewhere.
Union Jack revenue reaches $3m from Wressle
Union Jack Oil plc announced it had achieved $US3 million (£2.2m) net revenues since production restarted from the Wressle oil and gas development in Lincolnshire. PRODUCTION The company holds a 40% economic interest in the project’s licences PEDL180 and PEDL182 where production restarted on 19 August 2021. Union Jack said that current daily production figures […]
Cadence raises £745,000 from open offer
Cadence Minerals plc said it had raised £745,000 as a result of the open offer of 3,634,825 open offer shares. This represented a take-up of more than 48.9% of the 7,432,454 available open offer shares.
Conroy Gold notes widest intercept to date at Clontibret
Conroy Gold and Natural Resources plc noted the widest intercept yet from drill results at Clontibret gold deposit in Ireland. DRILL HOLES During 2021, the company’s joint venture (JV) partner and operator Demir Export A.S. drilled holes TW001 and TW005 as part of its due diligence programme prior to the JV agreement. TW001 TW001 confirmed […]
Oriole partner to exercise option for 70% in Senala
Oriole Resources plc said its joint venture partner intended to exercise its second option to earn a 70% interest in the Senala gold project in Senegal. FIRST OPTION Canadian company IAMGOLD Corporation had the option to spend up to US$8 million to earn a 70% interest. IAMGOLD has spent more than $4m within the first four […]