United Oil & Gas plc said a potential of more than 2.4 billion barrels of oil had been identified in its 100% owned 22,400km2 Walton Morant licence, Jamaica. RESOURCE Gaffney Cline & Associates published the figures in a new independent prospective resources report. United is due to drill the first exploration well offshore Jamaica for […]
Month: November 2024
Cornish Lithium buys £2.3m technology licence
Cornish Lithium Ltd said it had bought an exclusive £2.3 million technology licence for bulk metallurgical testing and building a pilot plant for its hard rock lithium project at Trelavour near St Austell, Cornwall. The money will come from the company’s recent crowdfunding which raised a final total of £5.2 million but will still allow […]
Kavango-Power Metal start South Ghanzi exploration
Power Metal Resources plc and Kavanago Resources plc have started exploration fieldwork on the South Ghanzi copper-silver project in the Kalahari Copper Belt (KCB), northwest Botswana. South Ghanzi comprises two prospecting licences PL036/2020 and PL037/2020 covering 1,294km2 and is held in a 50-50 strategic joint venture (SJV) between the two companies. The Botswana KCB has […]
Helium One achieves unique AIM listing
Helium One Global Ltd has become the only helium exploration company to be listed on the Alternative Investment Market (AIM) of the London Stock Exchange. In November, the company, whose interests are in Rukwa, southwest Tanzania, said it expected to be listed this month following a £6 million fundraise and its amalgamation with Attis Oil […]
GoldStone nears expanded Akrokeri-Homase gold lease
GoldStone Resources Ltd has been recommended an expansion of its mining lease for the Akrokeri-Homase (AKHM) gold project in South West Ghana. The project already included the Homase South Pit and now covers the proposed Homase North and Homase Central pits and the expanded Homase South Pit with the increased mineable resource by 86,900 oz […]
Reabold eyes gas Victory after Corallian investment
Reabold Resources plc has increased its share in Corallian Energy Ltd to 2,780,049 after investing £600,000. The hydrocarbon investment company exercised 272,727 warrants over shares in Corallian Energy Limited at £2.20 per share, equating to approximately £600,000. Reabold now holds 36.9% of Corallian’s then issued share capital. In the 32nd Licensing Round, the Oil and […]