Power Metal Resources plc said that drilling results had failed to show economically significant intersections of nickel at Haneti in central Tanzania. LITHIUM The company now plans advanced targeting and re-engagement with potential partners. The joint venture, between Power Metal (35%) and operator Kotoro Gold (65%), includes the new Babayu lithium prospect, 40km southwest of Haneti. In […]
Day: 15 November 2024
Baron costs rise in year of ‘considerable progress’
Baron Oil plc said it made considerable progress last year by increasing its stake in oil and gas licences in Timor Leste and the UK. FINANCES The company’s interests include Timor Leste TL-SO-19-16 – Chuditch (75%), UKCS P2478 – Dunrobin (32%) and Peru Block XXI – El Barco (100%). Baron Oil’s audited financial results for […]
Altus finds high grade gold prospects on Egypt licences
Altus Strategies plc said it had discovered multiple high grade gold prospects from reconnaissance sampling across all four of the company’s projects in the Eastern Desert, Egypt. ADDITIONAL LICENCES The company added it had been awarded two further gold exploration licences, totalling 349 km2, taking the aggregate holdings in Egypt to 1,914 km2. Altus’s 100% […]
Union Jack becomes UKOOG associate member
Union Jack Oil plc (UJO) has become an associate member of industry body United Kingdom Onshore Oil and Gas (UKOOG). ENERGY SECTOR The organisation represents the UK’s onshore oil and gas industry, including exploration and production. UJO executive chairman David Bramhill would work with UKOOG to help promote the benefits of the UK onshore hydrocarbon […]