Capricorn Energy plc swung to a loss with decreases in production and revenue in the first six months of the year. COSTS The company posted losses of £62.2m (H1 2022: profit £40.8m) while revenue from production fell to $98.3m ($137.4m). Loss on other continuing operations of $58.3m includes unsuccessful exploration costs of $16.4m and general […]
Month: November 2024
CMR major investor increases shareholding
Critical Mineral Resources plc (CMR)’s major investor Jason Cropper has increased his shareholding by acquiring 4,240,987 shares from Indo-European Mining PR Ltd. Indo is one of the two purchasers of CMR’s copper assets in Cyprus. Mr Cropper’s shareholding is now 12,046,987 ordinary shares, equal to 23.8% of the company’s 50,525,945 total voting rights, and 19.7% of […]
JOG marks ‘clear pathway’ to monetise GBA
Jersey Oil & Gas plc (JOG) said it had a clear pathway to its commercial future following the farm-out of its Greater Buchan Area licences. PREPARATIONS Interim six-month results to 30 June, show the company held approximately £5.6 million cash with no debt. Loss for the period, before and after tax, was approximately £2.9m (2022: […]
CMR completes $525,000 sale of Cyprus copper assets
Critical Mineral Resources plc (CMR) has concluded the $525,001 sale of its Cyprus copper assets to PM Ploutonic Metals Ltd and Indo-European Mining PR Ltd. Staged payments, with dates amended due to market conditions, are expected to complete in December 2023. The completion of the transaction, which began under CMR’s previous name of Caerus Mineral […]
Cornish Metals MRE shows increase of contained tin
Cornish Metals Inc’s revised mineral resource estimate (MRE) showed an increase of contained tin in the indicated and inferred categories at South Crofty. REVIEW A 31.6% increase was recorded in the indicated while the inferred saw a rise of 15.5% in contained tin. The MRE, prepared in-house and externally verified, focuses on the tin-only section […]
Assays indicate new gold-in-bedrock target at Drumavaddy
A new gold-in-bedrock target has been indicated from a scout trenching and drill programme at Drumavaddy on the Slieve Glah project in County Cavan. ANOMALY Conroy Gold and Natural Resources plc and Turkish joint venture partner Demir Export SA completed a 90cm scout trench and two scout drill holes for a total 500m. The newly […]