Sunrise Resources plc said it would continue to advance its projects after it recorded an increase in losses including impairment of exploration assets in Australia and the USA. FINANCES The group is not yet producing minerals from its perlite, pozzalan and sepiolite assets in Nevada and gold in Australia, and has no income other than […]
Month: November 2024
Corcel raises £466,000 from private investor AUSPECT
Corcel plc raised £466,000 at a 95% premium to the current share price from private Australian investment company AUSPECT Investment PTY Ltd. AUSPECT was introduced by the company’s proposed director Mr Yan Zhao who is a non-executive director of Corcel’s proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). Corcel issued 116,500,000 new ordinary shares of £0.0001 […]
Helium One raises £9.9m via discounted fundraise
Helium One Global has raised £9.9 million in a fundraise comprising the aggregate issue of 197,922,716 new ordinary shares at a 26% discounted price of 5 pence per ordinary share. PLACING AND SUBSCRIPTION The company said it increased the fundraise, announced on 13 December, following significant investor demand and included interest from existing shareholders and […]
Block issues 12m shares to Jindal over X1B acquisition
Block Energy plc said it issued 12 million shares to Jindal Petroleum (Georgia) Ltd which once owned licence X1B in West Rustavi, Georgia. TRANSACTION In 2020, Block Energy granted 120m nil-cost options to SLB (formerly Schlumberger) for the acquisition of Schlumberger Rustaveli Company Ltd (SRCL), which held XIB in Georgia. As part of the transaction, […]
New Ballarat starts 1,000m drilling Berringa
New Ballarat Gold Corporation plc has begun a diamond drill programme at the historic former producing mine of Berringa in the Victoria gold fields of southeast Australia. JOINT VENTURE The joint venture (JV) company comprises Red Rock Resources plc (50.1%) and Power Metal Resources (49.9%). PROGRAMME The JV plans 1,000 metres of diamond drilling with […]
Block spuds sidetrack well at West Rustavi field
Block Energy plc has started drilling WR-B01 sidetrack well at West Rustavi oil field in Georgia. PROJECT 1 Well WR-B01 ST is part of Project I, which is focused on the development of the Middle Eocene reservoir within West Rustavi/Krtsanisi. The well is targeting a fracture system on the west side of the Krtsanisi anticline […]