Altus Strategies plc has completed the sale of its wholly-owned Toura nickel-cobalt licence application in western Côte d’Ivoire. TERMS The sale and purchase agreement, executed with Firering Strategic Minerals plc, will give Altus a gross revenue royalty of up to 1.0% on nickel and cobalt sales and pay the company €15,000. TOURA The project comprises […]
Day: 15 November 2024
Cadence completes 27% investment in Amapá
Cadence Minerals plc said it had now vested its 27% of the Amapa iron ore project in Brazil. SECOND STAGE The company completed all necessary documents for its second stage of investment to acquire a further 7% (US$3.5m) of Pedra Branca Alliance (PBA). PBA is the Cadence and IndoSino (73%) joint venture company, which owns […]
United hits 25.5m net oil pay across multiple reservoirs at Abu Sennan
United Oil & Gas plc said its eighth consecutive well had exceeded pre-drill expectations by meeting 25.5m of net pay across multiple oil-bearing reservoirs at Abu Sennan, onshore Egypt. ASD-2 Site operator Kuwait Energy Egypt drilled the ASD-2 development well to test the north-western culmination of the commercial discovery in the ASD field. ASD-2, the […]
Oriole identifies multiple gold-in-soil anomalies at CLP
Oriole Resources plc said it had outlined grades of multiple gold-in-soil anomalies from soil sampling results in a historically unexplored area at its Central Licence Package (CLP), Central Cameroon. PROGRAMME The company owns 90% of the district scale CLP which comprises eight contiguous licences covering 3,592 km2 prospective for orogenic-style gold mineralisation. Initial results are from […]