Cadence Minerals plc said that its joint venture (JV) partner had received commitments to raise $100.7 million through an equity placement for the Yangibana rare earth project in the Gascoyne region of Western Australia. Australian company Hastings Technology Metals owns 70% and Cadence holds 30% of three mining leases and six exploration licences which form […]
Month: November 2024
The Coal Authority appoints Jeff Halliwell as chairman
The Coal Authority has appointed Jeff Halliwell as chairman effective from 1 April 2021. He replaces Steven Dingle who has held the post for eight years. Mr Halliwell’s executive experience is with consumer businesses such as Fox’s Biscuits / Northern Foods, First Milk and Bernard Matthews. His background is in international marketing and commercial roles […]
JOG reports 172 MMboe low carbon potential at GBA
Jersey Oil & Gas (JOG) said that its concept select report showed a potential 172 MMboe of 2C contingent resource estimates, to be delivered via platform electrification, in the Greater Buchan Area (GBA) in the Central North Sea. PROJECT The company estimates that overall carbon emissions from the GBA with platform electrification will be <1kg/boe. Production […]
Alba surface drilling extends Llechfraith strike
Alba Mineral Resources plc reported that its surface drilling programme has extended the strike of the Llechfraith gold target to 58 metres at the Clogau-St David’s gold mine, North Wales. This in addition to extending 66 metres below the deepest previously worked zone at the area. Since the start of February 2021, holes LL007 – […]
Reabold to sell 50% CLNs to fund Victory draft FDP
Reabold Resources plc will sell half of the convertible loan notes (CLNs) in investee Corallian Energy Ltd to help fund a draft field development plan for the Victory gas field, West of Shetland. MONETISATION The sale is to “a group of strategic investors” in exchange for £500,000 cash, with Reabold retaining £500,000 of the CLNs. […]
Red Rock-Power Metal to apply for Canada IPO and new gold licence
Red Rock Resources plc and Power Metal Resources plc have appointed legal counsel to begin the IPO process in Canada for the joint venture partners’ gold interests in Australia. LICENCES Red Rock Resources Australasia plc (RRAL), split 50.1%-49.9%, has also submitted an application for another licence in the Ballarat region in the Victoria gold fields. […]