Union Jack Oil plc said it had now gained net revenues of US$5 million (£4m) from the Wressle onshore hydrocarbon development in North Lincolnshire. OPERATIONS The figure is the amount to date since production restarted in August 2021, and is an increase of £1m since the end of March 2022. The company holds a 40% […]
Month: November 2024
Power Metal granted Cherished Hope licence
Power Metal Resources plc has been granted a third prospecting licence, containing the historical Cherished Hope mine, in the Tati Greenstone Belt near Francistown, Botswana. ANOMALIES The company’s subsidiary, Tati Greenstone Resources Pty Ltd, holds the 16.14 km2 licence, which also holds a large gold-in-soil anomaly. Prospecting licence 049/2022 adds to the company’s existing PL126/2019 and PL127/2019. […]
Serica Energy records ‘outstanding year of progress’
Serica Energy plc said 2021 was an outstanding year of progress, with pre-tax profits of £135.1 million, from the company’s oil and gas portfolio in the UK North Sea. FINANCES The company’s results for the year ended 31 December 2021 showed the increase compared with £12.5m in 2020. Group gross profit for 2021 was of […]
Scotgold misses Q1 production guidance at Cononish
Scotgold Resources Ltd recorded Q1 production lower than guidance at the company’s gold and silver Cononish mine, near Tyndrum in Scotland. PRODUCTION Gold production totalled 1,257 gold ounces (guidance of 1,400 – 2,200 oz) and process plant feed throughput was some 3,000 tonnes. Circa 8,600 tonnes of ore was mined and transferred to run of mine […]
Tungsten West pauses plan to review Hemerdon costs
Tungsten West plc said that rising inflation had prompted it to pause its development plan and evaluate other cost saving options for restarting Hemerdon tin-tungsten mine in Devon. SAVINGS Tungsten West added that any new plan would likely entail a lower capital cost for redevelopment, a reduced operating cost and production rate while retaining the […]
CRL extends Redmoor licence by 10 years
Cornwall Resources Ltd has extended its existing exploration licence agreement to 2037 for the Redmoor copper-tin-tungsten project. LICENCE In October 2012, New Age Exploration Ltd held the original exploration licence which was due to expire in 2027. The licence covers 23km2 surrounding the Redmoor deposit in East Cornwall and provides the rights to explore over the […]