Power Metal Resources plc has identified a third drill target at its 1,723km2 nickel-copper-platinum group element (PGE) project at Molopo Farms Complex in southwest Botswana. T1-3 Final analyses of MLEM surveys, which previously denoted targets T1-6 and T2-3 as priorities, have also highlighted a “significant ‘jelly-bean’ shaped, geophysical conductor” at target area T1-3. The company said […]
Month: November 2024
Cuadrilla Resources in line for £11m to extract shale gas in Lancashire
Cuadrilla Resources plc’s owner said that its recent AUS$19.7 million (£11.5m) fundraise may be used on the shale gas extraction project in Lancashire. REGULATORY CHANGES A statement from Australian owner AJ Lucas Group Ltd yesterday reported completion of the “heavily oversubscribed” placement of 179.4 million shares each at $0.11, a discount of 29%. “Proceeds raised […]
Kavango plans up to six holes for KCB inaugural drill
Kavango Resources plc plans to drill up to six holes for 1,250m in the first of four copper-silver prospecting licences in the Kalahari copper belt (KCB), Botswana. PHASE I The first phase of inaugural drilling on PL082/2018 will see sub-contractor Mindea Exploration and Drilling Services Pty use a multi-purpose rig, capable of diamond core and […]
Oriole notes stand-alone potential for Faré gold
Oriole Resources plc said that the Faré prospect had the potential to be a stand-alone project at the joint venture Senala gold joint venture in Senegal. FARÉ PROSPECT Earlier this year project partner IAMGOLD began its second option to spend a further US$4m and recently completed 1,307 holes for 10,695m in auger drilling at Faré. […]
Orcadian NED Christian Wilms to leave
Orcadian Energy plc announced that Christian Wilms will leave as a non-executive director (NED) on the board. The news comes as co-founder Greg Harding announced his retirement at the end of the year. The company said that Mr Wilms’ increasing executive responsibilities had made it difficult for him to dedicate the necessary time to his role […]
Orcadian co-founder Greg Harding to retire
Orcadian Energy plc’s co-founder Greg Harding will retire at the end of 2022. In October 2013, he and Steve Brown established the company by screening relinquishment reports for a North Sea project of scale. “The board thanks Greg for his outstanding contribution to our understanding of the very best way to develop the Pilot field, […]