Corcel plc has passed the halfway mark of its planned 2,000 metre reverse circulation (RC) drill programme at the Mt Weld rare earth elements joint venture near Laverton, Western Australia. RESULTS The tenement, predominantly covered by recent transported sediments, holds four discrete undrilled magnetic features labelled T1 to T4. Operator and earn-in partner Riversgold Ltd has to […]
Month: November 2024
IOG delivers first gas from Blythe H2
IOG plc today confirmed first gas delivery on 12 June from the Blythe H2 development well into the Saturn Banks reception facilities and Bacton terminal. RATES The H2 well was brought onstream in three months and one week from spud date despite delays. The maximum well test dry gas rate is 22.8 mmscf/d and 280-336 […]
Tertiary adds Mupala to copper portfolio
Tertiary Minerals plc has expanded its Zambia copper interests with a new mineral exploration licence at Mupala. COMPETITION Mupala sits on the west side of the Kabompo Dome in the prospective Domes region of northwest Zambia, host to multiple producing copper and nickel mines. Initial four-year licence 32139-HQ-LEL lies 12km west of the company’s Mukai […]
Reabold increases interest in Colle Santo
Reabold Resources plc has increased its interest for £2 million in the Colle Santo gas field in the Abruzzo region, onshore Italy. TERMS The company’s initial 3.1% interest now stands at 16.2% in LNEnergy which holds a 90% interest in the field. Reabold will pay £500,000 with existing cash and £1,500,000 with 810,810,811 new ordinary […]
Sunrise option holder to define Pioche resource
Sunrise Resources plc’s option holder Tolsa USA Inc has received approval for a planned resource definition drill programme at the sepiolite project near Pioche in Nevada, USA. OPEN PIT MINING The US Bureau of Land Management has approved 24 drill holes, over a 2.5km by 2km area, scheduled to begin in mid-July. A truck-mounted auger […]
Tullow considers options for Espoir field
Tullow Oil plc said it was considering all options for the Espoir field, offshore Côte d’Ivoire. DEVELOPMENT The company holds a 26% working interest in the FPSO development, south west of Abidjan. In a brief statement today Tullow said: “No formal commitments have been made. “In the event this process develops, Tullow will update the […]