Oriole Resources plc said it had conditionally raised £1.77 million before expenses, comprising £1.75m in an oversubscribed placing and £20,000 as director subscriptions. The fundraise was through issuing a total of 416,470,880 new ordinary shares, of which 4,705,881 was for the directors, at a price of 0.425 pence per share. The proceeds from the placing […]
Day: 15 November 2024
Caerus notes significant gold-copper at Kalavasos dump
Caerus Mineral Resources plc said it had identified significant copper and gold mineralisation in the dump evaluation programme and general exploration of the Kalavasos project in Cyprus. EVALUATION Gold grades in particular were in 85% of all samples collected and returned anomalous grades. The company added that subject to metallurgical test work, the grades were […]
Deltic JV completes Pensacola geophysics survey
Deltic Energy plc and its partner have completed the geophysical site survey over the planned Pensacola gas exploration well site in the southern North Sea. PROGRESS Fugro GB North Marine Ltd, for Deltic and operator Shell UK Ltd, began the survey within licence P2252 on 8 September and finished on 14 September. Interpretation of results […]
Alba extends Dogellau gold field exploration licence
Alba Mineral Resources plc has expanded exploration with additional licences within and adjacent to the Dolgellau gold field in North Wales. LICENCE Alba’s wholly owned subsidiary Dragonfire Mining Ltd has been granted a new option agreement by The Crown to extend its existing exclusive exploration rights. The company said that the new six-year option agreement […]
UKOG completes upgrade at Horse Hill oil field
UK Oil & Gas plc said that a planned two-week production facility upgrade had been completed at its majority owned Horse Hill oil field in Surrey. PRODUCTION This included modifications to prepare the site for automated 24-hour continuous production and installation of the first tranche of permanent facility equipment. The work is required under the Health and […]