Caerus Mineral Resources plc has appointed Nigel Chapman as chief operating officer for the company’s Cypriot operations. The company added that the COO role was not a board-level position.
Day: 15 November 2024
Caerus receives encouraging assays for copper-gold JV in Troulli
Caerus Mineral Resources plc and its joint venture (JV) partner Bezant Resources plc said they had received encouraging assays from dump sampling and drilling at Troulli, Kokkinapetra and Anglisides in Cyprus. TROULLI The company reported that stockpile sampling returned a consistent average copper grade of 1.2% Cu over more than 639 metres of trenching with sections […]
Block reports operations unaffected by ‘geopolitical tensions’
Block Energy plc reported stable production from well JKT-01Z, with operations at West Rustavi in Georgia unaffected by “wider geopolitical tensions”. PRODUCTION The company said that production was at a current rate of 310 boepd, comprising 182 bopd and 21,800 m3 (128 boe) of gas per day. “It is encouraging to note, after over a month of […]
Capricorn receives $1bn tax refund from India
Capricorn Energy plc said that the Indian tax refund of INR79 billion had now been paid and it had received net proceeds of US$1.06bn. The company expects to issue a circular in early March detailing the shareholder resolutions required in connection with the proposed shareholder return of up to $700m. This comprises a $500m tender […]
Tertiary to start drilling at Pyramid
Tertiary Minerals plc said it expected to start drilling during March at its Pyramid silver-gold project in Nevada, USA. PROGRAMME The company has awarded the drill contract to Envirotech Drilling LLC to conduct reverse circulation (RC) drilling. Construction of the drill pad and site access is complete. Surface mineralisation extends over a strike extent of […]