Altus Strategies plc announced it had received its first quarterly royalty payment of US$1.34 million ($943,322 after tax), from its 0.418% net smelter return royalty (NSR) interest on the Caserones copper mine in Chile. GROWTH TRAJECTORY The Caserones mine is a large open-pit deposit within 17,000 hectares approximately 4,300m above sea level in Tierra Amarilla, […]
Month: November 2024
UKOG looks to new strategy after Arreton appraisal refused
UK Oil & Gas plc (UKOG) plans to switch to international, geothermal and hydrogen projects after being refused permission to appraise and test the Arreton oil and gas discovery on the Isle of Wight. RESEARCH Arreton lies within the 200 km² PEDL331 in which the company holds a 95% operated interest and a two-year extension July […]
Anglesey to start first drill since 2012 at Parys
Anglesey Mining plc said it would in early November start the first drill programme since 2012 at its copper-zinc-lead project at Parys Mountain, Anglesey. PROGRAMME The company has engaged Irish Drilling for a minimum nine-hole programme for 2,750m designed to provide additional information for the planned feasibility study in 2022. Anglesey said that around 78% […]
Power Metal completes Schreiber-Hemlo assets sale to FCM
Power Metal Resources plc has completed the sale to First Class Metals Ltd (FCM) of its 100% owned Schreiber-Hemlo interests in Ontario, Canada. WORKING CAPITAL Power Metal chief executive Paul Johnson said that the transaction was the first completed corporate disposal/spin-out for the company which would hold a significant interest in FCM. “Our corporate disposal/spin-out developments […]
Condor expects La India FS in early 2022
Condor Gold plc said that progress had been made on studies in support of a feasibility study (FS) expected during Q1 2022 for its La India gold project in Nicaragua. ADDITIONAL DRILLING The FS is for La India open pit and associated mine site infrastructure. Condor added that a review of the initial round of […]
United Oil & Gas directors’ dealings
United Oil & Gas plc directors have purchased ordinary shares of 1p each in the company in the market. The five directors are as follows: Director’s name and position Date of purchase Number of Ordinary Shares purchased Price paid per Ordinary Share purchased Total number of Ordinary Shares held following purchase Total as percentage of […]