Tertiary Minerals plc announced it was forming a subsidiary, Luangwa Minerals Ltd, to target copper exploration and development opportunities in Zambia. The company has retained geologist Marcel Nally who is expected to be appointed as Luangwa’s exploration manager. Mr Nally was previously a director of private Zambian copper producer, Moxico Resources plc, where he identified […]
Month: November 2024
Wressle JV expects proppant squeeze to improve cash flow
Egdon Resources plc announced it had received approval to start the proppant squeeze operation at the Wressle oil field development in North Lincolnshire. OPTIMISATION The operator holds a 30% operated interest in licences PEDL180 and PEDL182 with joint venture partners Europa Oil & Gas (Holdings) plc (30% working interest) and Union Jack Oil plc (40%). […]
IOG awards duty holder contract
IOG plc has awarded the Phase 1 duty holder contract for installation and pipeline operator as well as facilities operations and maintenance (O&M) to ODE Asset Management (ODE AM) for its gas projects in the Southern North Sea. ODE AM will deliver production operations from offshore infrastructure including Blythe and Southwark platforms, the Thames Pipeline […]
Condor Gold holds £6.3m as it nears shovel-ready status at La India
Condor Gold plc said it had made significant progress during the first quarter of 2021 in preparation for “shovel ready” status at La India project in Nicaragua. In its unaudited financial results for Q1 2021, the junior miner said it held a strong cash balance of £6,278,947 million (Q1 2020: £1,736,695). Total comprehensive loss was […]
Caerus pursues new Cyprus sites
Caerus Mineral Resources plc today announced progress across its copper-gold operations, bulk waste materials project and in its search for new volcanogenic massive sulphide (VMS) opportunities in Cyprus. The company said it was also in advanced discussions over three “highly prospective” copper-gold sites, and one with a new mining licence application under active consideration by […]
Cornish Lithium mulls further fundraise
Cornish Lithium Ltd said it was considering another fundraise for its lithium exploration and development projects in the county. PROJECTS The company’s last fundraise in September 2020 via crowdfunding raised more than £5 million. Construction has started of a government-funded lithium extraction pilot plant for Trelavour and Cornish Lithium has acquired a lithium extraction technology […]