Oriole Resources plc announced it was now a third of the way through its planned diamond drilling programme at the Bibemi gold project in Cameroon. The company will drill 3,080 metres for 28 holes, with a total of 967.50m completed to date in nine holes, BBDD001 to BBDD009. The programme is testing the depth extension […]
Month: November 2024
Altus raises £7.7 million via placing and subscription
Altus Strategies plc announced it had conditionally raised £7.7 million (CA$13.35m) before expenses by way of an oversubscribed placing and subscription of 10,266,668 new ordinary shares at an issue price of £0.75 per share. Altus has a balance sheet of £12.5m in cash and £1.5m in listed equities. The company said the fundraising had attracted […]
Helium One appoints Mitchell Drilling for Rukwa
Helium One Global Ltd has appointed Mitchell Drilling Ltd as drilling contractor for the first three-well exploration programme at its 100% owned Rukwa project in Tanzania. FAST TRACK The Australian operator, with more than 50 years’ experience and 115 rigs globally, will mobilise a drill rig already within Tanzania before starting work in mid-May. The company has the option […]
Rathlin starts West Newton-A public consultation
Rathlin Energy (UK) Ltd has started a virtual public consultation on the planned West Newton A (WN-A) hydrocarbon field near Hull in East Yorkshire. PROGRAMME The PEDL 183 licence contains the West Newton A-1 (WN-A1) discovery well, the A-2 appraisal well, along with the recently drilled B-1Z discovery. Drill results in December 2020 revealed that […]
RRAL appoints David Holden as board director
Red Rock Resources Australasia Pty Ltd (RRAL) has appointed exploration manager David Holden as a new board director. Mr Holden has extensive geological and public company experience, at both CTO and CEO level.
RRAL appoints Jack McInerney as exploration geologist
Red Rock Resources Pty Ltd (RRAL) has appointed Jack McInerney as exploration geologist. My McInnery has four years of regional experience at the Ballarat gold mine in the Victoria goldfields, Australia.