Power Metal Resources plc has expanded its Canadian lithium portfolio by staking 5,788.5 hectares of the 100% owned North Wind project in Ontario. 2023 PROGRAMME The company’s other lithium project is in Authier North, Quebec. Power Metal identified North Wind by researching and analysing more than 600,000 lake sediment sample points collected by the Ontario […]
Month: November 2024
Tertiary begins exploration targeting at earn-in copper assets in Zambia
Tertiary Minerals plc has progressed to exploration targeting at two of four earn-in copper projects in Zambia. EXPLORATION TARGETING The four licences, owned by local partner Mwashia Resources Ltd, comprise Konkola West, Lubuila, Mukai and Mushima North. Tertiary said that consultants Remote Exploration Services (RES) of South Africa had completed initial prospectivity reviews of the […]
Caerus grants directors total 4.4m share options
Caerus Mineral Resources plc has granted options over a total 4,400,000 ordinary shares of 1 pence, with an exercise price of 7.5 pence, to incentivise and retain its directors. DIRECTORS The exercise price represents an approximate 36% premium to the closing share price on 24 November 2022. Executive chairman Christopher Lambert received 2,000,000 options; chief […]
United lowers guidance after ASH-4 flow rates fall and workovers delayed
United Oil & Gas plc today said that a decrease in flow rates from the ASH-4 well and delayed maintenance workovers had reduced production guidance at Abu Sennan, onshore Egypt. ASH-4 OIL VOLUME The ASH-4 step-out well previously encountered 20 metres of net pay through the primary Alam El Bueib (AEB) reservoir target and was […]
Arkle adds lithium exploration at Mine River gold project
Arkle Resources plc has discovered pegmatites in the company’s new search for lithium at its 100% owned Mine River gold block on the Wexford-Wicklow border in Ireland. LEINSTER GRANITE Reconnaissance work at Mine River has confirmed the presence of granite, pegmatite and aplite rock and the company now plans to collect specimens for analysis. Arkle […]
Angus drills side-track to top of target reservoir
Angus Energy plc said that drilling of the SF07V side track well has reached the top of the target reservoir at Saltfleetby in East Lincolnshire. TESTING “Drilling was paused at a total measured depth along hole of 2,492 metres (true vertical depth of 2,261 metres) which is 10 metres higher than anticipated,” said the company […]