Altona Rare Earths plc has estimated an exploration target of up to 56.6 million tonnes at up to 1.65% total rare earth oxide (TREO) at its rare earth element (REE) Monte Muambe project in Tete Province, northwest Mozambique. MRE AND PEA Altona said its estimate included 11.5 million tonnes at 2.41% TREO, corresponding to a “well […]
Month: November 2024
Egdon appeals against refusal for more time at North Kelsey
Egdon Resources plc said it had submitted an appeal against local authority refusal for more time to drill and test the exploration well at North Kelsey in Lincolnshire. NORTH KELSEY North Kelsey, in PEDL241 covering 55km2, is a conventional oil exploration prospect on trend with and analogous to the Wressle development which lies some 15km […]
Anglesey issues 38% premium share options to PDMRs
Anglesey Mining plc granted a total of 10,900,000 share options to directors and employees at a premium of 38%. DIRECTORS The share options have an exercise price of £0.04, a premium to the closing share price of £0.029 on 3 August 2022. The vesting conditions comprise 25% each on the dates 31 March 2023, 30 […]
Tungsten West ex-CEO no longer subsidiary director
Co-founder and former chief executive of Tungsten West plc Max Denning is no longer a director of the company’s subsidiary Aggregates West Ltd. Companies House today published the change recorded on 2 August 2022. Mr Denning left Tungsten West on 19 July 2022.
Tullow Oil abandons Beebei-Potaro exploration well after finding water
Tullow Oil plc said it had plugged and abandoned the Beebei-Potaro exploration well after encountering water-bearing oil targets in the Kanuku licence, offshore Guyana. NEXT STEPS “The well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing. “The Noble Regina Allen rig drilled the Beebei-Potaro well to a total depth of 4,325 metres […]
Kavango identifies KCB anomalies
Kavango Resources plc said it had identified four anomalies during its drill targeting exercise on its licence PL036/2020 in the Kalahari copper belt, western Botswana. TARGETS The Kalahari copper belt runs ENE-WSW from Botswana into Namibia where “multiple economic” copper-silver sedimentary rock hosted deposits have been discovered. The company’s programme targets PL036/2020, PL082/2018 and Mamuno […]