Alba Mineral Resources plc has begun emergency dewatering after the regulator refused to allow an increase in the abstraction rate within Clogau-St David’s gold mine, north Wales. EXPLORATION The company had applied for a temporary variation to restart pumping at the higher 100m3/day rate after heavy rain during July and August reflooded the lower Llechfraith shaft […]
Day: 23 December 2024
FCM begins lithium exploration and sampling at Zigzag
First Class Metals plc (FCM) has begun a systematic exploration and mapping campaign at the Zigzag lithium project in the Seymour Lake area of northwest Ontario. OUTCROPS The company is targeting known exposures of pegmatite-hosted lithium mineralisation, alongside conducting sawn channel sampling along strike intervals across the exposed pegmatite outcrop. A further thirty-nine grab samples […]
Galantas first surface drill falls in predicted dilation zone
Galantas Gold Corp’s first drill hole in the new surface drill programme has fallen within a predicted dilation zone at the main Joshua vein in Cavanacaw mine, Omagh. POTENTIAL Dilation zones, first identified in the Kearney vein, have the potential for wider widths of mineralisation. Hole FR-DD-23-196 targeting a gap in the earlier resource model […]
Corcel agrees up to potential £10m unsecured CLNs
Corcel plc has agreed an unsecured convertible loan notes for up to a potential £10 million over three years for its oil and gas interests in Angola and Brazil and “operations elsewhere”. ACCELERATE Investment company Extraction Srl, whose chairman is a major shareholder in Corcel, will lend £1m this month, £1m in January 2024 with a […]
Cornish Lithium appoints Darryll Castle as a director
Cornish Lithium plc has appointed Darryll Castle, operations director of its cornerstone investor TechMet, as a director. Companies House recorded the appointment of the South African company director effective from 14 September 2023. TechMet’s website states Mr Castle has more than 30 years’ experience in company leadership, project/operational delivery and transformation, technical planning and implementation, […]
Orcadian agrees non-binding 81.25% farm-out for Pilot
Orcadian Energy plc has agreed a non-binding, 81.25% farm-out with an as yet unnamed North Sea operator for the potential development of the Pilot project. TERMS The company, which now holds £90,000 and six months to repay $1m million to Shell, has granted the operator an exclusive period until 30 November 2023 to complete the […]