Tungsten West plc said its recorded losses of nearly £5 million was in line with expectations for the current stage of the tin-tungsten project at Hemerdon Mine in Devon. FINANCES In its half-year results for the six months ended 30 September 2021, the company’s losses were £4,990,226 (2020: £3,631,500) with administrative expenses of £1,763,573 (2020: […]
Month: November 2024
Tungsten West raises £18,544 via option exercise
Tungsten West plc raised £18,544.22 after receiving notices to exercise options to subscribe for 1,854,422 new ordinary shares of one penny each at an exercise price of one penny per ordinary share. Pursuant to the option exercise, Baker Steel Resources Trust Ltd will be issued with 1,657,196 new ordinary shares. This will increase Baker Steel’s […]
EnQuest appoints Rani Koya as board NED
EnQuest plc will appoint Rani Koya as a non-executive director of the board with effect from 1 January 2022. She will become a member of the technical and reserves committee. Ms Koya has more than 20 years’ experience working within large multinational, independent and start-up energy companies. These include Shell International, Hess and Tullow and […]
Altus acquires gold royalties from Newcrest
Altus Strategies plc has completed the first close of a gold royalty portfolio of interests in Australia and Africa. STRATEGIC JOINT VENTURE The package comprises up to 24 royalties and royalty interests from Newcrest Mining Ltd and certain of its group companies. The acquisition is through a strategic joint venture between Altus and specialist mining […]
Neptune extends second contract with Petrofac
Neptune Energy has awarded a two-year extension to its engineering services contract with Petrofac for the Cygnus Alpha and Bravo platforms in the UK Southern North Sea. PARTNER Petrofac will provide a range of brownfield engineering, procurement, construction and commissioning services for the Cygnus field. The award follows a separate, three-year contract extension to the […]
Oriole reports best phase II drill results at Bibemi
Oriole Resources plc released further results from the recently completed Phase II diamond drill programme at Bakassi Zone 1 on its 90%-owned Bibemi gold project in Cameroon. RESULTS The company completed Phase II drilling for 1,650.70m in 11 holes to test a 1km portion of Bakassi Zone 1, to infill previously reported mineralised zones identified […]