Hummingbird Resources plc posted a stronger balance sheet and net cash position despite less gold produced from its projects in West Africa. EARN-IN The company faced higher costs and lower-than-expected gold production at Yanfolila due to Covid-19, a change in the mine plan, a coup in Mali which affected logistics, and extreme weather. For full year […]
Month: November 2024
Power Metal aims to become ‘stand-out performer’
Power Metal Resources plc has increased its assets, investments and working capital to grow its portfolio across Australia, Africa and North America. FINANCES In its unaudited interim results for the six months ended 31 March 2021, the junior miner recorded £2,692,474 raised through warrant exercises and held net assets of £4.6 million (30 September 2020: […]
Alba notes results from pilot processing plant at Clogau gold mine
Alba Mineral Resources plc said it had received notable results from its first assay on bulk sample concentrates produced at its pilot processing plant at Clogau-St David’s gold mine, North Wales. The underground bulk samples were collected during October 2020 with the first bulk sample taken from previously worked areas of the mine. The junior […]
Altus starts 17,500m drill at Diba gold project, Mali
Altus Strategies plc announced it had started a combined 17,500m reverse circulation (RC) and air core (AC) drill programme at its 100% owned Diba gold project in western Mali. The drill programme follows the completion of an initial 48km2 ground magnetic survey, which defined a number of additional targets to be tested. The 10,000m RC programme […]
Wressle receives approval for crude oil storage
Egdon Resources plc said it had received approval to store crude oil in licences PEDL180 and PEDL182 at Wressle oil field in North Lincolnshire. North Lincolnshire Council granted the site operator permission for full use of the installed oil storage capacity at the site of approximately 2,000 barrels. Egdon said it would also allow full […]
Serica on course for gas despite extra £3m work at Columbus
Serica Energy plc announced it was on course for production despite earlier difficulties with installing sand screens at the Columbus gas development well in the UK Central North Sea. Columbus was spudded in mid-March and drilled to a total measured depth of 17,600ft. A 5,900ft horizontal section was drilled through the reservoir formations of the […]