Tungsten West has appointed key members of its senior management team for its tin-tungsten project at Hemerdon in Devon. PROJECTS AND OPERATIONS Chief executive Max Denning said that the company had assembled a strong projects and operations team. The appointments include aggregates managing director, project manager, construction manager, technical services manager, process plant manager, HR […]
Month: November 2024
Tungsten West advances towards Hemerdon restart
Tungsten West plc said it had progressed with preparations and filled key managerial team positions for restarting the Hemerdon tin-tungsten mine in Devon. DESIGN The company has signed the engineering procurement and construction management (EPCM) contract with UK-based Fairport Engineering Ltd. Detailed design work for the front end of the processing plant are well advanced. […]
Scotgold given £250,000 loan to aid with shipping delays
Scotgold Resources Ltd said it had accepted a £250,000 short-term loan from Bridge Barn Ltd following delays to shipment from its Cononish gold mine near Tyndrum, Scotland. BRIDGE BARN Bridge Barn is owned by the company’s non-executive director and former chairman Nathaniel Le Roux. WORKING CAPITAL “The funds will cover immediate working capital affected by […]
Cora makes new surface gold discovery at Sanankoro
Cora Gold Ltd announced it had made a new surface gold discovery at its flagship Sanankoro project in southern Mali. DISCOVERY The find is on previously unexplored areas 7km from the Zone A deposit. The company said that gold assay results from selected rock samples returned up to 0.85 g/t gold. Grain counts from channel […]
Europa raises £7m via discounted placing
Europa Oil & Gas (Holdings) plc has conditionally raised £7.02 million, before expenses, to fund a new acquisition in the North Sea. DISCOUNT The company added that this was at a 21.7 % discount to the 30-day volume weighted average share price on 2 March 2022. A Primary Bid offer, announced yesterday, is a separate and distinct offer, […]
United continues talks with Hibiscus on Crown oil discovery licence
United Oil & Gas plc today announced it was continuing talks over the sale of its interest in the licence containing the Crown oil discovery. CROWN OIL DISCOVERY In August 2018, United was awarded Blocks 15/18d and 15/19b, containing the Crown discovery, as part of the UK 30th offshore licencing round. MILESTONE PAYMENTS The sale to […]