Power Metal Resources plc expects to start in mid-September 2,600m diamond drilling in six drillholes at its Molopo Farms Complex project in southwest Botswana. PROGRAMME The project, targeting a large scale nickel-copper-platinum group element (PGE) discovery, is the company’s first managed and operated diamond drilling programme at Molopo. Before drilling begins, Power Metal will conduct expanded geophysical […]
Month: November 2024
Kavango identifies two major drill targets at KCB licence, Botswana
Kavango Resources plc has confirmed two major drill targets at its Kalahari Copper Belt (KCB) licence PL082/2018 in Botswana. JOINT VENTURE The company is earning in a 90% interest in prospecting licences PL082/2018 and PL083/2018 covering 1,091km2. The licences are held in a joint venture with LVR GeoExplorers (Pty) Ltd. TARGETS The company identified the […]
i3 Energy increases quarterly production
i3 energy plc reported an increase in production as it progressed its interests in Canada and the UK North Sea. PRODUCTION The company’s Q2 2022 operational and financial report showed average production of 19,502 boepd, a 116% increase compared with Q2 2021 and an 8% increase from Q1 2022. i3 recorded the increase despite production […]
Galantas feels cost pressures but cuts losses
Galantas Gold Corp has reduced losses but recorded no sales revenue as it experiences pressure from fuel, energy and labour costs at its gold mine at Cavanacaw in Omagh, Northern Ireland. FINANCES The Canadian company’s results for Q2 2022 showed net loss as CAD$1,580,168 (Q2 2021: $2,888,568). Galantas made a cash loss from operating activities […]
IOG lowers H2 production guidance
IOG plc has lowered its production guidance due to planned and unplanned downtime scenarios and possible variation in Southwark first gas timing at its off-onshore Saturn Banks project in the UK Southern North Sea. PRODUCTION In the operator’s interim results for the first half of 2022, chief executive Andrew Hockey said that production over H2 […]
Power Metal completes Pilot-Garfield surveys
Power Metal Resources plc said it had completed geophysics surveys ahead of selecting target areas for drilling at its precious and base metal projects in Nevada, USA. PROJECTS The company’s subsidiary (83.13%) Golden Metal Resources plc, holds 100% of the Pilot Mountain, Garfield and Stonewall projects, and a right to earn-in to a 100% interest […]