Alba Mineral Resources plc has renewed its mineral exploration licence until 26 May 2024 ahead of follow-up drilling at its 100% owned base metals project in Limerick, Ireland. TERMS This is the second time the company has renewed the PL3824 which lies in the Irish zinc ore field hosting a number of high-grade zinc-lead deposits. […]
Tag: extractive industries
Alba to renew application to dewater Llechfraith
Alba Mineral Resources plc aims to submit its renewed application in September to dewater the Llechfraith shaft at the Clogau-St David’s gold mine project in North Wales. ECOLOGY In November 2021, regulator Natural Resources Wales (NRW) refused to grant the company permission to dewater the shaft which lies below the Llechfraith adit level. The company […]
GreenRoc doubles drilled graphite footprint at Amitsoq
GreenRoc Mining plc announced it had doubled the drilled graphite deposit at the Amitsoq project in southern Greenland. PHASE II Phase II drilling began on 2 July 2022 with the aim of testing the extension of the known graphite layers before establishing a revised and higher category resource. As at 14 August 2022, the company […]
Scirocco sees TPDC waive right of first refusal over Ruvuma gas sale
Scirocco Energy plc said that Tanzania’s national energy company had confirmed it would not exercise its statutory right of first refusal over the investment company’s sale of its 25% interest in the Ruvuma gas asset. APT Tanzania Petroleum Development Corporation (TPDC) and project operator ARA Petroleum Tanzania Ltd (APT) both hold pre-emption rights. Scirocco added […]
Kavango steps up search for JV partner following KSZ exploration report
Kavango Resources plc said it would accelerate its search for a joint venture partner following completion of the most comprehensive exploration programme on the Kalahari Suture Zone (KSZ) Botswana. SUMMARY The company will also continue geophysical surveys while preparing to drill the B Conductors in the project which focuses on discovering nickel-copper-platinum group element deposits. […]
Neptune Energy’s profits rise to $761.7 million
Neptune Energy announced profits of $761.7 million (£627m) in the first six months of 2022 from its portfolio of oil and gas operations. OPERATIONS The H1 2022 profits are more than a seven-fold increase from H1 2021 at $100.3m. The company’s financial results for the first half of 2022 showed a strong financial performance supported […]