Critical Mineral Resources plc has offered its condolences to those affected by the earthquake in Morocco. “The company was deeply saddened to hear the news of the earthquake that occurred in Morocco on Friday, 8 September and expresses its condolences to all those affected,” said the company in a statement. “CMR will be supporting and […]
Month: November 2024
Scotgold faces administration without debt repayment plan
Scotgold Resources Ltd, which this morning suspended trading, could within weeks fall into administration if it fails to agree payment plans with all its debtors. FINANCING The Australian company today repeated its warning from March 2023 that its future was uncertain without further funding, although it is “actively seeking additional financing and discussions are in an […]
Cadence expects early grant of licences at Amapá
The Amapá iron ore mine in Brazil has progressed with the grant of licences expected in less than half the normal period and a lower risk rating for the tailings storage facility (TSF). LICENCES Cadence Minerals plc, with a 33% interest, said that the re-rating followed maintenance, reporting, drilling and compliance work carried out since […]
Predator extends sympathy over Morocco earthquake
Predator Oil & Gas Holdings plc has extended its sympathy to those affected by the earthquake on 8 September in Morocco. The earthquake struck below villages in the High Atlas mountains south of Marrakesh, with some 2,500 to date reported killed. “The company is terribly sorry to have received the news Friday night and over […]
Golden Metal identifies ‘significant’ conductor at Kibby
A significant 10km2 conductive zone has been identified from historical data review of its Kibby Valley basin lithium brine properties in Nevada, said Golden Metal Resources plc. COMPELLING The basin, covering 54km2, lies less than 5km from the company’s Pilot Mountain tungsten project to the west. The company’s data review over Kibby North and Kibby South included a 2018 geophysics survey […]
Cloughton preliminary gas-in-place within range
The Cloughton discovery contains preliminary mean gas in place of 192 bcf, within the expected range, said operator Europa Oil & Gas (Holdings) plc. DEVELOPMENT Europa said the discovery well “flowed good quality sweet gas at rates of up to 40,000 scf/day on natural flow” and a well could flow at “6 mmscf/day”. The company […]