Baron Oil plc has doubled losses while remaining focused on appraising the Chuditch gas discovery in Timor-Leste and expanding its operations. DRILL DECISION Six months to 30 June resulted in a net loss of £847,000 (H1 2022: net loss of £419,000). Administrative expenses rose to £778,000 (£497,000) and operating losses increased to £925,000 (420,000). Available cash nearly doubled […]
Day: 11 November 2024
Kavango extends Botswana exploration footprint
Kavango Resources plc has created a single expanded exploration area in Botswana by adding a 90% interest in six further licences in the Kalahari copper belt (KCB). DOMAL STRUCTURES The licences are next to the company’s Karakubis and South Ghanzi blocks, collectively forming a contiguous exploration area next to the Namibian border. Kavango said it […]
Tertiary signs non-binding earn-in for Konkola West
Tertiary Minerals plc has signed a “detailed, largely non-binding” term sheet for an earn-in and joint venture deal with a “well resourced” third party for the Konkola West copper project in Zambia. APPROVALS The project comprises exploration licence 27067-HQ-LEL, which covers 71.9km2 and lies 18km northwest of Chingola in the Central African copper belt. Tertiary […]
Cornish Lithium raises £5.1m via crowdfunding
Cornish Lithium plc has raised £5.1 million via crowdfunding for its projects in Cornwall. Funds will advance its Trelavour hard rock project and complete the engineering design work for a demonstration-scale geothermal waters extraction facility.
Altona MRE shows 13.6m tons at 2.42% TREO for Monte Muambe
A total 13.6 million tons at 2.42% total rare earth oxides (TREO) has been recorded in the inaugural mineral resource estimate (MRE) for the Monte Muambe project in northwest Mozambique. FAST TRACK Altona Rare Earths plc’s JORC compliant MRE, using a cut-off grade of 1.5%, includes 0.31% NdPrO representing 42,500 contained tons of neodymium and praseodymium […]
Helium One spuds Tai-3 well for 1,100m at Rukwa
Helium One Global Ltd today began drilling the Tai-3 well for 1,100m at the Rukwa project in southwest Tanzania. EVALUATION The company is drilling ahead to section total depth before running the 20″ conductor, which prevents unconsolidated rock entering the well before drilling the 17.5″ hole section. Gas shows will be measured using Geolog’s mudlogging […]