Egdon Resources (UK) Ltd said that a planned proppant squeeze has been postponed by two to four weeks due to a delay in equipment arriving for the oil development at Wressle, North Lincolnshire. Main contractor Schlumberger Oilfield UK plc has been detained due to the equipment being held on a job over-run outside of the UK, as […]
Day: 15 November 2024
Tertiary’s data deal ends as Kalkinnen PGM permit is cancelled
Tertiary Minerals plc said that the reservation notice for an exploration permit (licence reservation) over the Kalkkinen platinum group metal prospect in Finland has been cancelled on environmental grounds. AGREEMENT This will end Tertiary’s agreement to sell data rights and intellectual property over Kalkkinen to unlisted explorer Element-46 Ltd (E46) in exchange for a 2% […]
Altus notes further targets at Tabakorole gold project, southern Mali
Altus Strategies plc announced further multiple targets have been defined at the Tabakorole gold project in southern Mali. The mining royalty company holds a 49% equity interest and 2.5% Net Smelter Return (NSR) royalty on the project with exploration activities are funded by its joint venture partner Marvel Gold Ltd. Altus said that latest soil […]
Caerus to acquire further copper-gold licences in Cyprus
Caerus Mineral Resources plc has extended its copper-gold portfolio by signing a heads of terms agreement to acquire for £300,000 Cyprus Gold Mines Ltd (CGML). CGML, currently known as P. Von-de-Tsianos Gold Mines Ltd (PVTGM), is a Cypriot-registered exploration and mining company with three advanced copper-gold exploration properties. Caerus said that each property had a mining history […]
Red Rock starts drilling at Luanshimba
Red Rock Resources plc has started a drill programme at the Luanshimba copper-cobalt project in the Haut-Katanga Province of the Democratic Republic of Congo (DRC). The company’s 80% owned Congolese subsidiary Red Rock Galaxy SA is the operator. The programme, which will be the first step towards delineating a resource, comprises an initial 2,000m of […]