Caerus Mineral Resources plc has turned down a battery metals option in Saudi Arabia in favour of an 80% acquisition of a local exploration company in Morocco. JURSIDICTION At today’s general meeting, executive chairman Chris Lambert said that shareholder EV Metals Group’s subsidiary in Saudi Arabia would have drained Caerus’ resources due to the early […]
Day: 23 December 2024
British Lithium appoints new secretary and director
Research by British Lithium Ltd has made two new appointments following announcement of its joint venture with Imerys. Companies House recorded that on 28 June Henri Simon Trahair-Davies was appointed as secretary, and UK Industrial Hub director Mark Hewson became a director. Imerys UK Ltd now holds significant control of the company in place of […]
Cadence notes priority pegmatite targets at Bynoe
Cadence Minerals plc portfolio company Evergreen Lithium Ltd has identified priority pegmatite targets within the Bynoe project in the Northern Territory of Australia. BLIND PEGMATITES Evergreen used ambient noise tomography (ANT) to measure the seismic velocity of the subsurface in three dimensions. The survey aimed to identify potential lithium bearing pegmatites at depth, otherwise known […]
110m rotary kiln arrives at Araguaia nickel project
Horizonte Minerals plc has received the 802-tonne rotary kiln after a four-month journey from factory to the Araguaia nickel project in northeast Brazil. LOGISTICS FLSmidth supplied the 110m long kiln after a 10-month design and build process. Following delivery to the Port of Outeiro in northern Brazil, the kiln was transhipped onto barges and transported down the […]
Predator finds zones of interests from MOU-3 results
Predator Oil & Gas Holdings plc encountered multiple zones of interest after completing drilling and logging for the MOU-3 well at Guercif, onshore Morocco. JURASSIC Operations to appraise the Moulouya Fan primary reservoir target and several secondary reservoir targets encountered five potential sands with gas shows within the interval from 815 to 895m TVD MD. […]
Reabold to continue share buyback
Reabold Resources plc said it would continue its share buyback programme following shareholder approval at the company’s general meeting today. The aggregate value of Reabold’s ordinary shares each of 0.1 pence repurchased to date is £120,836 of the initial programme’s £750,000. The maximum amount of cash allocated to the programme from today’s date is £629,164. At today’s meeting, 22.09% […]