Altus Strategies plc said it had positive results from a further eight holes following reverse circulation (RC) drilling at its joint venture Tabakorole gold project in southern Mali. Intersections include (down-the-hole and not true width): 1.0 g/t over 40m from 86m, including 2.2 g/t over 7m from 86m 1.1 g/t over 33m from 84m, including […]
Day: 15 November 2024
IOG swings to a loss
Independent Oil and Gas plc (IOG) swung to a loss as the company’s cash balance fell and the group recorded a net debt. In its final audited results for the year ended 31 December 2020, the company reported post tax losses of £19.3 million compared with a 2019 profit of £15m generated by the CalEnergy […]
Cadence notes completion of Lake Giles AEM survey
Cadence Minerals plc said a Tempest airborne electromagnetic (AEM) survey has been completed over the Lake Giles iron project in Western Australia. Australian project operator Macarthur Minerals Ltd, in which Cadence holds a 1% interest, engaged CGG Aviation to undertake the AEM of palaeovalleys adjacent to the site. CGG Aviation mobilised to the site on […]
Altus Strategies adds to metals licences in Morocco
Altus Strategies plc has increased its metals projects in central Morocco to seven after being awarded three new copper and silver exploration licences. The projects – Izougza copper-silver; Azrar copper; and Tata copper – were awarded to the company’s 100% owned subsidiary, Aterian Resources Ltd, following a competitive tender process. The mining royalty company said […]
United eyes third well after ASD-1X spuds at Abu Sennan
United Oil & Gas plc announced it had agreed a third well for 2021, the AJ-8 development well, at the Abu Sennan joint venture (JV) licence in Egypt. The news came as the company started drilling the ASD-1X exploration well on 6 March. The programme is expected to take up to 60 days aims to […]
UKOG appeal inquiry against Loxley refusal set for July
UK Oil & Gas plc (UKOG) said its appeal against Surrey County Council’s refusal to grant permission for the Loxley gas appraisal well will be heard at a public inquiry on 27 July 2021. HYDROGEN The inspectorate’s process starts on 1 March and ends with the inquiry, expected to last up to nine days with a decision […]