Hurricane Energy plc said it was confident of meeting the deadline to pay the outstanding $78.5 million as production continues at its Lancaster field, west of Shetland. FINANCES As of 30 April 2022, the company had net free cash of $92m (31 March: $106m). During the month, $3.2m was moved from free cash into restricted funds […]
Month: November 2024
Horizonte breaks ground at Araguaia nickel project
Horizonte Minerals plc has started construction and broken ground at its flagship Araguaia nickel project in Brazil. TIME FRAME The company held a ceremony yesterday, 18 May, for the milestone marking the transition from development to the construction phase. Horizonte said that the tier 1 project had a 24-month construction time frame with Stage 1 […]
Power Metal becomes operator at Molopo
Power Metal Resources plc has conditionally acquired additional interest to become the operator of the nickel sulphide-platinum group metals project at Molopo Farms Complex in Botswana. RESTRUCTURE The company purchased a further 58.7% in Kalahari Key Mineral Exploration Pty Ltd which holds a 60% interest in the project. Power Metal will acquire a further 15,002 Kalahari Key […]
Oriole notes start of second work programme at Senala
Oriole Resources plc said that its joint venture partner had started the second stage of work under the earn-in agreement at the Senala gold project in Senegal. SECOND OPTION IAMGOLD Corporation has the option to spend up to US$8 million to earn a 70% interest, and has to date spent $4m. Oriole added that formalisation of […]
Galantas Gold reports director dealings
Galantas Gold Corporation reported director dealings relating to its chief executive officer Mario Stifano. The company said that on 17 May 2022, Mr Stifano bought 20,000 common shares of nil par value each at C$0.49. On 16 May 2021, he bought 50,000 common shares at an average price C$0.49, representing a combined total of 0.08% of […]
Cora Gold positive on second Sanankoro drill results
Cora Gold Ltd said its second set of results showed from its 2022 drill programme showed shallow oxide mineralisation of good widths and grade at its project at Sanankoro in southern Mali. RESULTS The company’s reverse circulation (RC) drilling highlights from Zone B North include: 17m @ 2.85 g/t Au from 81m in hole SC0616 […]