Alba Mineral Resources plc said it had received assay results from gold concentrates up to 1,000 g/t, with average head grades of 1.7 g/t from the historic waste tip at its Clogau-St David’s gold mine in Wales. WASTE TIP The 2,833 m² waste tip comprises ore rock mined but discarded and not processed for its gold content during […]
Month: November 2024
Scotgold Resources grants options to PDMRs
Scotgold Resources Ltd has granted unlisted options over 800,000 depositary interests of no par value in the company with an exercise price of 75p per ordinary share to persons discharging managerial responsibilities. The option have an expiry date of 23 May 2027 and vest on 23 May 2025. Number of Options Granted Sean Duffy (CFO) 400,000 Louise Iommi […]
Angus to acquire remaining Saltfleetby stake for £14m
Angus Energy plc has signed an agreement to acquire the remaining share from its joint venture partner in the onshore Saltfleetby gas project in east Lincolnshire. SUBSCRIPTION The company will acquire the entire issued share capital of Saltfleetby Energy Ltd (SEL), which owns a 49% working interest in the project, from the seller Forum Energy […]
Power Metal receives £18,750 through warrant exercise
Power Metal Resources plc said it had raised £18,750 after receiving notices to exercise warrants over 2,500,000 new ordinary shares of 0.1 pence each. These were at an exercise price of 0.75p per warrant share.
Helium One identifies priority drill target
Helium One Global said it had identified a priority drill target at the Tai prospect at its Rukwa (100%) project area in Tanzania. DRILLING The company added that the drill location was guided by Phase II seismic which had improved definition of the Tai structure and identified an untested closure in the Lake Beds. Well […]
Scotgold repays Bridge Barn loan with revenue from gold sales
Scotgold Resources Ltd has repaid the short-term loan plus interest from Bridge Barn Ltd with just over £1 million revenue from its April 2022 gold concentrate sales. Bridge Barn is owned and controlled by one of Scotgold’s non-executive directors Nathaniel Le Roux. The Australian company used the £250,000 for working capital requirements affected by shipment […]