Red Rock Resources plc said it planned dynamic exploration and active local engagement following years of preparations as it reported a higher profit following a loss for the previous period. Group profit before tax was £5,156 million for the year ended 30 June 2020 compared with £1,724m for the previous year. The company, with interests […]
Month: November 2024
Power Metal starts RAB drilling at Haneti
Power Metal Resources plc announced it had started its first drill at the nickel-copper-PGM Haneti project in central Tanzania. HANETI The project covers some 5,000km2 in central Tanzania and comprises tenements (prospecting licences, offers and applications) prospective for nickel, PGMs and gold. Power Metal holds 35% interest and Katoro Gold plc holds 65%. TARGETS The programme […]
United completes ASH gas pipeline and boosts output
United Oil and Gas plc announced an additional 5.45 million standard cubic feet per day (1,090 barrels of oil equivalent per day) gross after completing the ASH gas pipeline at the Abu Sennan licence in Egypt. The company, which has production, development, exploration and appraisal assets, added that gas recovery rates had improved across the […]
Power Metal delineates very high grade Ag at Silver Peak
Power Metal reported it had delineated very high grade silver at the Silver Peak project in British Columbia, Canada. The company managed to complete six diamond drill holes, each at an average of 12 feet, and collect rock chip samples using man-portable equipment before the snows fell at the end of November. Weather conditions made […]
Oriole awaits drill results of Hesdaba epithermal gold
Oriole Resources plc reported the completion of the first phase of a diamond drill programme at Hesdaba epithermal gold project in Djibouti in the Horn of Africa. The company, which has an 11.8% interest in operator Thani Stratex Djibouti Ltd, said the site team had drilled an additional 321.50m in three holes, and 1,884m reverse circulation […]
Altona Energy appoints Cedric Simonet as NED
Altona Energy plc has appointed Cedric Simonet as a non-executive director with immediate effect. French geologist Cedric Simonet, 47, has spent most of the past 25 years living and working in Africa and works as an independent consultant in mineral development across the continent. He graduated from Université Blaise Pascal with a Masters in Geology in […]