Horizonte Minerals plc reported a strengthened cash balance for its ferronickel operations in Araguaia, Brazil. In its unaudited financial results for the first quarter 2021, the miner held £26,331,015 million (Q1 2020: £16,993,664) following an £18m placing during February. Losses were recorded at £954,476 from continuing operations (Q1 2020: £41,522). The company said that multiple […]
Month: November 2024
Kanye identifies extensive anomalies at South Ghanzi
Kanye Resources said it had identified extensive anomalies including seven AEM conductive targets at the South Ghanzi copper-silver project in the Kalahari Copper Belt, Botswana. SJV Kanye is a 50-50 strategic joint venture between Power Metal Resources plc and site operator Kavango Resources plc who have each set up holding companies; Kanye Resources Pty Ltd […]
IOG to support university CCS research
IOG plc said it would be supporting university research into carbon capture and storage (CCS) and other renewable opportunities across its gas assets at Bacton in the Southern North Sea (SNS). The company, which on 27 April changed its name from Independent Oil & Gas, has signed a collaboration agreement with GeoNetZero CDT at Heriot-Watt […]
Helium One cleared to start drilling at Rukwa
Helium One Global Ltd has received environmental approval for a planned exploration drilling programme at its wholly owned Rukwa project in Tanzania. The Environmental Impact Assessment (EIA) Certificate was signed on the 4 May giving the company all necessary permits to start drilling in early June 2021. Chief executive David Minchin said that the award demonstrated […]
EnQuest remains on course to deliver 2021 targets
EnQuest plc announced its average net group production in the first four months of 2021 was within the full year guidance range for its operations in the UK and Malaysia. In its review for the period, the group said it remained on course to deliver its targets as it recorded 46,158 boepd within guidance range […]
Oriole’s partner starts Y4 drilling at Senala
Oriole Resources plc announced that its joint venture (JV) partner has started its year 4 exploration programme at the Senala gold project in southeast Senegal. IAMGOLD Corporation will undertake a planned 11,000 metres of reverse circulation (RC) and diamond drilling at the Faré and Madina Bafé prospects. The Canadian miner has the option to spend […]