Power Metal Resources plc said that recent proof-of-concept drilling had confirmed the geological model for magmatic sulphide mineralisation at Molopo Farms Complex (MFC) in Botswana. The company currently has a 40% direct MFC project interest as well as an 18% share in operator Kalahari Key Mineral Exploration Pty Ltd, for a combined effective economic interest of 50.8%. […]
Day: 15 November 2024
Alba completes 100% acquisition of Greenland projects
Alba Mineral Resources plc has acquired outstanding minority interests to complete its 100% ownership of the Amitsoq graphite and Melville Bay iron ore projects in Greenland. The acquisitions are a precursor to the spin-out of Alba’s Greenland projects into a new AIM-quoted company Listco. The transaction requires 100% ownership of all the Greenland projects to be delivered to Listco. […]
Kavango attempts pioneering drill core recovery from Norilsk-type keels, KSZ
Kavango Resources plc could soon pioneer the retrieval of drill core from the bottom of the ‘keels’ of the Karoo-age gabbros in the Kalahari Suture Zone (KSZ) in Botswana. The company today began proof of concept drilling for core samples from Target A2 in the northern (Hukunstsi) section. Kavango hopes that assay and other analysis […]
Harbour reduces 2021 guidance on Tolmount delay
Harbour Energy plc said first gas at the HGS Tolmount platform would be delayed due to issues in certain offshore electrical systems during final commissioning and testing. The company added it was investigating the issues and developing rectification plans for the gas platform in the Southern North Sea. “As a result, Tolmount first gas will […]
La India starter pits gold grades exceed expectations
Condor Gold plc reported gold grades exceeding expectations from further diamond drilling between and along strike of the planned starter pits at La India project in Nicaragua. The company said it was encouraged by higher than expected grades in three of the 12 drill holes. In particular, two high-grade, wide intercepts lie between the two […]