Neptune Energy said it was profoundly shocked and sad at the death of engineer Mohamed Mounes Shahat who was the company’s managing director in Egypt. RESPECTED Mr Mounes died today, 17 February. Prayers will be held tomorrow in New Cairo. In a statement, Neptune said that he was highly respected at Neptune and across the […]
Month: November 2024
Cora Gold to start 2022 drill campaign at Sanankoro
Cora Gold Ltd announced it was due to start a new 2022 drill programme in March at its flagship Sanankoro gold project in southern Mali. PREPARATIONS The project comprises five contiguous permits encompassing 439 km2. Cora has appointed Capital Drilling Mali SARL as the drill contractor, which is mobilising to site to conduct circa 7,500m of reverse […]
Anglesey to send Parys drill samples for assay
Anglesey Mining plc said it expected to submit drill core samples for assay later this month from its copper-zinc-lead-silver-gold project at Parys Mountain on Anglesey, North West Wales. DRILLING Infill drilling of the White Rock and Engine Zone deposits continues with four of the nine planned holes finished and the fifth due for completion towards […]
Power Metal progresses Nevada projects
Power Metal Resources plc has progressed its tungsten-gold-copper-silver projects in Nevada, USA. PRIORITY Through its majority-owned subsidiary Golden Metal Resources Ltd, the company owns the Pilot Mountain, Golconda, Garfield and Stonewall projects. Golden Metal aims to be independently listed on the London markets during Q2 2022. Desktop analysis at Pilot Mountain has identified several high-priority tier 1 and tier 2 […]
Helium One awards management stock options
Helium One Global Ltd said it had awarded management stock options to new members of the management team. CAPITAL The company added it will issue 6,000,000 options to acquire ordinary shares at a strike price of 13p to new members of the management team. The options vest over a three-year period in three equal tranches. […]
Tullow receives $75m after Uganda final investment decision
Tullow Oil plc said it had received a contingent payment of $75 million after the final investment decision for the Tilenga project in Uganda and the East African crude oil pipeline (EACOP). EXPOSURE The Africa-focused company added that the figure was in relation to the $575m sale of its assets in Uganda to Total during […]