Cadence Minerals plc said it had raised £745,000 as a result of the open offer of 3,634,825 open offer shares. This represented a take-up of more than 48.9% of the 7,432,454 available open offer shares.
Day: 15 November 2024
Stormy weather delays IOG first gas
IOG plc said that the current storms had delayed first gas until March from its Saturn Banks gas project in the Southern North Sea. SATURN BANKS The Phase 1 project comprises the Blythe, Elgood and Southwark fields in which IOG owns a 50-50 interest with CalEnergy Resources. STORMY WEATHER The company said that the Saturn Banks reception facilities preparation […]
IOG expects Southwark drilling to resume in March
IOG plc said it expected to continue drilling at Southwark in March after unstable conditions due to seabed scouring forced a suspension of operations in January. SEABED PADS The company said that experts had defined the forward plan with the rig owner’s agreement. “This essentially entails creating pads on the seabed with suitable sized rocks […]
Conroy Gold notes widest intercept to date at Clontibret
Conroy Gold and Natural Resources plc noted the widest intercept yet from drill results at Clontibret gold deposit in Ireland. DRILL HOLES During 2021, the company’s joint venture (JV) partner and operator Demir Export A.S. drilled holes TW001 and TW005 as part of its due diligence programme prior to the JV agreement. TW001 TW001 confirmed […]
Oriole partner to exercise option for 70% in Senala
Oriole Resources plc said its joint venture partner intended to exercise its second option to earn a 70% interest in the Senala gold project in Senegal. FIRST OPTION Canadian company IAMGOLD Corporation had the option to spend up to US$8 million to earn a 70% interest. IAMGOLD has spent more than $4m within the first four […]