Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%)’s initial drill results made a promising start for the joint venture’s subsidiary New Ballarat Gold Corporation plc in the Victoria gold fields in Australia. JOINT VENTURE Red Rock Australasia Pty Ltd (RRAL), the 100% owned Australian operating subsidiary of New Ballarat, is conducting exploration […]
Day: 15 November 2024
Altona to increase Mozambique REE share
Altona Rare Earths plc said completion of its Phase I work programme had satisfied one of the terms required to increase its holding in Monte Muambe Mining Lda (MMM) at the Monte Muambe project in Mozambique. INCREASED HOLDING The company is in the process of receiving approval from the Mozambique government, after which it will […]
Scirocco to sell Ruvuma interest for up to $16m
Scirocco Energy plc has agreed to sell its 25% non-operated interest in the Ruvuma gas asset in Tanzania for up to US$16 million to Wentworth Resources plc. TERMS The company owns a legacy 25% working interest in the project for which ARA Petroleum Tanzania (APT) is the operator. The conditional binding agreement, subject to shareholder […]
Orcadian submits draft FDP and starts Pilot farm-out process
Orcadian Energy plc said it had submitted a draft field development plan to the North Sea Transition Authority (NSTA) and started a structured farm-out process for the Pilot oilfield, off the west coast of Aberdeen. PILOT The company also noted that the new Energy Profits Levy had “transformed economics of North Sea investment for tax-paying […]
GreenRoc increases tonnage at Kalaaq graphite exploration target
GreenRoc Mining plc said it had further increased the tonnage range of the Kalaaq exploration target at its Amitsoq graphite project in Greenland. RESULTS The company, in which Alba Mineral Resources plc holds a 54% interest, based the new figures on additional channel and field sampling along with field mapping during the 2021 field season. […]