Altus Strategies plc has increased gold mineralisation and nearly doubled its project area with two new licences at Tabakorole in southern Mali. Exploration is being funded by Marvel Gold Limited under its joint venture (JV) with Altus which holds a 49% equity interest and 2.5% net smelter return (NSR). ltus holds 49% of the project […]
Month: November 2024
JOG submits CSR and draws interests for GBA farm-out
Jersey Oil & Gas plc (JOG) said it has submitted its concept select report (CSR) to the Oil and Gas Authority (OGA) for the Greater Buchan Area (GBA) in the UK North Sea. The company has also submitted its supply chain action plan (SCAP) to establish an open and honest relationship with all contractors and […]
United boosts oil output from ASD-1X and ASH-1ST2 in Abu Sennan
United Oil & Gas plc announced an increase in oil production following advances at the ASD-1X and ASH-1ST2 wells in its joint venture (JV) Abu Sennan licence in Egypt. Production has started from the ASD-1X exploration well with expected initial gross rates of 1,295 bopd (285 bopd net to United’s working interest). The company also […]
Angus sets up study fund in memory of first employee
Angus Energy plc has established an annual £10,000 fund in memory of its first employee to support students from Bognor Regis and surrounding communities in West Sussex. The Bruce Watt Memorial Scholarship is named after the company’s first employee who died aged 46, leaving a family and two young children. Angus said that the award […]
Power Metal adds Nevada gold project to US portfolio
Power Metal Resources plc announced it had signed an earn-in agreement for a new gold property in the United States. The miner’s new wholly-owned subsidiary Golden Metal Resources Ltd signed an agreement to take out an option to acquire up to 100% of the Golconda Summit gold property in central Nevada, USA. Power Metal’s other […]
Scotgold ships first gold concentrate from Cononish
Scotgold Resources Ltd announced it had made its first shipment of gold concentrate from Cononish mine near Tyndrum, Scotland. PRODUCTION The company added that the mine has been producing both gold concentrate and gravity separated gold Dore after resolving outstanding technical issues. Scotgold aims to open multiple faces of ore in the underground mine as […]