Caerus Mineral Resources plc plans to sell its Cyprus copper assets to two of its shareholders, PM Ploutonic Metals Ltd and Indo-European Mining PR Ltd, and evolve into a battery metals company. STRATEGY Caerus has signed a binding heads of agreement with the two companies, signalling the end of its direct involvement in Cyprus. The […]
Month: November 2024
Altona 2022 drilling shows further high grade REEs
Altona Rare Earths plc said its now completed 2022 drilling programme showed further high grade rare earth element (REE) mineralisation at Monte Muambe in Tete Province, northwest Mozambique. MRE The 2022 programme comprised 36 reverse circulation (RC) holes for 3,360m, similar to 2021. Data will contribute to the company’s inaugural mineral resource estimate (MRE) expected […]
Helium One to find exploration targets at Balangida
Helium One Global plc has completed analysis of data ahead of generating helium gas exploration targets over the Balangida Rift Basin in Tanzania. BALANGIDA The project is the company’s smallest and comprises one prospecting licence covering 260km2 in the north central part of the country. Balangida lies near established infrastructure and is 69km from the […]
Neptune donates £500,000 to The Childhood Trust
Neptune Energy said it would donate £500,000 to help children living in poverty this winter in London. VULNERABLE CHILDREN Employees of the company, which has its headquarters in the capital, will also volunteer on projects supported by The Childhood Trust as part of the charity’s Christmas appeal. The Trust’s campaign aims to help some 50,000 […]
Scirocco expects to sell Ruvuma interest during Q1 2023
Scirocco Energy plc said it now expected to sell during the first quarter of 2023 its 25% share of the Ruvuma gas asset in Tanzania. CLEARANCE The company agreed to sell its asset to ARA Petroleum Tanzania (APT), with a view to completing the transaction during December 2022. Scirocco today said that the Tanzanian fair […]
United spuds fifth and final 2022 well at Abu Sennan
United Oil & Gas plc’s joint venture partner has spud the fifth and final well for the companies’ 2022 drilling campaign on the Abu Sennan licence, onshore Egypt. ASW-1X EXPLORATION WELL Operator Kuwait Energy Egypt began drilling ASW-1X exploration well, targeting un-risked mean recoverable resources estimated by United at c. 8 mmbbls gross in multiple […]