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 […]
Day: 15 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 […]