Predator Oil & Gas Holdings plc has raised £1.3 million before expenses after conditionally placing 26,000,000 new ordinary shares at 5 pence each. The company said that the placing was significantly oversubscribed.
Month: November 2024
Alba targets substantial increase in ilmenite at Thule
Alba Mineral Resources plc has started its Phase 2 drilling programme to increase “substantially” the mineral resource at its Thule Black Sands (TBS) ilmenite project in northern Greenland. The company’s subsidiary White Eagle Resources Ltd, which owns and operates the project, plans to drill 125 holes for up to 1,000 metres, and conduct a digital elevation […]
Kavango-Power Metal extend Morula
Kanye Resources plc announced encouraging results from soil sampling at the South Ghanzi project in the Kalahari Copper Belt (KCB), Botswana. The company is a 50-50 joint venture between operator Kavango Resources plc and Power Metal Resources plc with both sharing exploration costs. Kavango extended infill soil sampling from 5.5km to 11km which led to […]
United plans further well as AJ-8 exceeds expectations at Abu Sennan
United Oil & Gas plc plans an additional exploration well this year at Abu Sennan, onshore Egypt as drilling at the Al Jahraa-8 (AJ-8) development well exceeded pre-drill expectations. AJ-8 Drilling the AJ-8 well began in May and targeted the Abu Roash and Bahariya reservoirs in an undrained portion of the Al Jahraa field. United […]
Alba reveals notable target shaping up at Clogau gold mine
Alba Mineral Resources plc said that the completion of Phase 2 surface drilling had revealed a potentially significant target at the Clogau-St David’s gold mine in North Wales. The junior miner drilled ten holes for 1,475.6 metres with all holes to date intersecting the Main Lode extension. Hole JW008 intercepted the best developed example of […]
Caerus starts to build Cu-Au mineral resource at Troulli
Caerus Mineral Resources has started Phase II drilling programme aimed to build a mineral resource at the copper-gold project in the Troulli licence, Cyprus. The company plans to expand the coverage over the high-grade epithermal gold zone and target the underlying copper-gold sulphide mineralisation. TWO-STEP PROGRAMME Caerus is drilling two volcanogenic massive sulphide (VMS) bodies to […]