Caerus Mineral Resources plc reported further anomalous gold values in the waste dumps at Mala in Cyprus. RESULTS Hand auger sampling of mine waste dumps returned anomalous gold grades. Caerus said that 80% of the total number of gold assays received returned anomalous results above 0.29g/t gold. Percentage of samples exceeding the required grade (%) Grade […]
Month: November 2024
Tungsten West starts replacement tree planting
Tungsten West plc has started replacement tree planting at its tin-tungsten Hemerdon mine in Devon. SPECIES Many of the trees planted over the past seven years have failed to grow above the protective tubes because deer ate the saplings Landscape contractor H2 Environmental has installed 2.5km of deer fencing and YGS Landscaping will plant 448 […]
United starts production from ASD-2 well at Abu Sennan
United Oil & Gas plc has started production, with rates significantly higher than pre-drill expectations, at the ASD-2 development well in Abu Sennan joint venture (JV) licence, offshore Egypt. OPERATIONS The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. The ASD-2 well is the eighth consecutive successful […]
Union Jack nets $4m from Wressle JV
Union Jack Oil plc said it had achieved material landmark net revenues of US$4 million from the Wressle hydrocarbon joint venture in North Lincolnshire. OPERATIONS The revenue is the total since production restarted during August 2021. The company holds a 40% economic interest in the development located in PEDL180 and PEDL182, which is operated by […]
Cornish Metals looks to £40m backing for South Crofty
Cornish Metals Inc hopes to raise up to £40.5 million from the former chief executive of Xstrata and a placing to advance its South Crofty tin project in Cornwall. FUNDING The Canadian company has signed a conditional agreement for £25m with Guernsey-based Vision Blue Resources (VBR), founded by South African mining executive and the […]
Hurricane Energy extends FPSO charter
Hurricane Energy plc has signed a contract to extend the bareboat charter to cover the remaining economic life of the Lancaster oil field, West of Shetland. TERMS The contract with Bluewater (Aoka Mizu) B.V., owner of the Aoka Mizu FPSO, was due to expire on 4 June 2022. Hurricane said that either party could give six […]