Red Rock Resources plc has been awarded an additional $2 million in damages with costs in its legal action over its copper-cobalt joint venture in the Democratic Republic of Congo. ENFORCEMENT On 14 January, the Commercial Court of Lubumbashi issued an executory judgment ordering Vumilia Pendeza SA (VUP) to pay the sum. This follows the earlier judgment […]
Day: 15 November 2024
Oriole confirms extended mineralisation at Faré
Oriole Resources plc announced an extension of mineralisaton following results from the 2,148 metres reverse circulation (RC) drilling at the Faré prospect at the Senala gold project, Senegal. RESULTS The company’s joint venture partner and operator IAMGOLD Corporation, currently in Year 4, has the option to spend up to US$8 million to earn a 70% interest. Oriole said that […]
Helium One identifies further surface anomalies
Helium One Global has identified multiple additional surface helium anomalies at its Rukwa, Eyasi and Balangida (100%) projects in Tanzania. TARGETS The company completed a multispectral satellite spectroscopy study (MSS) which provided heat-map data for helium at surface across the company’s entire 4,500km2 licence area. Helium One said that abundant anomalies indicated widespread helium charge and […]