Kavango Resources plc said it had appeared to have intercepted the magnetic anomaly at the projected target depth at the rare earth element-base-precious metals project at Ditau Camp in Botswana. TARGET i10 The 50-50 joint venture, under the name of Kanye Resources plc, is between Kavango as the operator and Power Metal Resources plc. Kavango […]
Month: November 2024
Anglesey raises £864,416 via placing-subscription
Anglesey Mining plc said it had raised a total of £864,416 gross proceeds from a placing and subscription. DEBT RESTRUCTURING A placing of 22,829,705 ordinary shares with institutional and other investors at a price of 3.4 pence per share raised £776,210. Chairman John Kearney and chief executive officer Jo Battershill subscribed for an additional 2,594,284 […]
UKOG receives NSTA approval for HH-2z well conversion
UK Oil & Gas plc (UKOG) said that the North Sea Transition Authority had approved the recompletion, or conversion, of Horse Hill-2z into a water reinjection well at the site in Surrey. INTERESTS The move follows approval from the Environment Agency on 4 May. The company holds an 85.635% operated interest in the Horse Hill oil […]
FCM expects drilling to start soon at Pickle Lake JV
First Class Metals Ltd (FCM) said that drilling was soon due to start at its precious metals Pickle Lake property in North Hemlo in Ontario, Canada. PICKLE LAKE Pickle Lake comprises 33 single cell mining claims for which FCM has now received an exploration permit, ahead of earn-in partner Palladium One beginning a drill programme. […]
Union Jack confident after ‘financially transformational’ year
Union Jack Oil plc said it remained highly positive for the future following a nearly 12-fold increase in profits from its exploration and production assets in the UK. FINANCES The company’s audited results for the year ended 31 December 2021 showed revenues rose nearly 12-fold to £1,894,875 (2020: £158,004) from production at Wressle, Keddington oilfield […]
Galantas on course for production at Cavanacaw
Galantas Gold Corporation said it remained on course for production next month and reaffirmed the potential for higher widths of mineralisation at Cavanacaw mine in Omagh, Northern Ireland. RESULTS The Canadian company’s results from four holes of its 4,000m drill programme from the underground development at the Kearney vein include: – FR-DD-22-UG-183 intersected a new […]