First Class Metals plc said it planned to advance it exploration strategy before selling or entering a joint venture (JV) for its metals’ licences in Ontario, Canada. STRATEGY In the company’s final results for the year ended 31 December 2022, chief executive Marc Sale added that most of the six out of nine properties explored […]
Month: November 2024
Corcel begins RC drill campaign at Mt Weld
Corcel plc has started a seven-hole reverse circulation (RC) drill campaign at the joint venture Mt Weld rare earth elements project near Laverton in Western Australia. PROGRAMME A sub-contractor for the company and its partner Riversgold Ltd will drill a total 2,000m on tenement P34/4489. The site’s four discrete undrilled magnetic features, interpreted to represent potential […]
Reabold CPR bolsters farm-out plans for licences
Reabold Resources plc said its aim to farm-out its North Sea assets has been bolstered by a new competent person’s report (CPR). POTENTIAL RPS Group’s report covers licences P2464, P2504 and P2605, in which Reabold has a 100% working interest, and licence P2478 containing the Dunrobin complex (36%). Reabold acquired the licences in May 2022 […]
Capricorn to return $575m to shareholders
Capricorn Energy plc has committed to returning some US$575 million excess cash flow to shareholders. ACTIONS The company said the funds, due over the coming 12 months, were not needed for its future operational focus. A total $100m depends on negotiations with stakeholders and licence extensions in Egypt, actual oil and gas prices and the […]
Parkmead reports better than expected LDS-01 flow rates
The Parkmead Group (PMG) reported better than expected gas condensate flow rates from the LDS-01 well on the joint venture Drenthe VI licence in the Netherlands. LDS-01 WELL The company has six Netherlands licences with a number of low-risk exploration prospects. The LDS exploration project, within the Drenthe VI licence (7.5%), involves drilling two to […]
Reabold grants senior directors 390m share options
Reabold Resources plc granted executive and senior management nil cost options over a total 390,000,000 ordinary shares of 0.1p each, in line with its new 2023 long term incentive plan. DIRECTORS The awards represent 4.25% of the company’s issued share capital. The company said that all previous share option plans had expired on 19 March […]