Angus Energy plc will restart testing the existing Balcombe well site in West Sussex after the High Court dismissed a judicial review from objectors. PARTNERS The Balcombe-2Z well was drilled almost a decade ago and in November 2018 the company as operator conducted a short-term, inconclusive test. Project partners of PEDL244 at the time comprised […]
Month: November 2024
New mineralised zones identified at Gairloch
High grade potential and new zones of mineralisation have been identified from recent exploration drill results at the Gairloch gold project’s Kerry Road deposit. MINERALISED TREND Galantas Gold Corporation’s fifth hole 23-GL-05, targeting a geophysical anomaly, intersected 1.87 g/t gold, 1.17% copper, 1.20% zinc, 131 g/t cobalt and 7.06 g/t silver over 34.25 metres. Drilled […]
Corcel offered $4.1m for Mambare
Corcel plc has received a revised conditional offer of $4.1 million for its 41% interest in the Mambare nickel-cobalt project in Papua New Guinea. EXIT Part of the payment from Integrated Battery Metals (IBM) can be either in cash or IBM shares at Corcel’s discretion. In March 2023, Corcel restructured its PNG assets by signing a […]
Helium One restarts drilling Tai-3
Helium One Global plc has restarted drilling Tai-3 well after a rig component failure halted operations earlier this month on the Rukwa licence in southeast Tanzania. ITUMBULA-C The company sourced and installed a replacement part and yesterday began drilling ahead through the primary reservoir targets in the Lake Bed formation, Karoo Group and Basement. The […]
Scotgold in advanced talks with new strategic investor
Scotgold Resources Ltd said it was in “advanced discussions” with a new strategic investor after its previous most advanced prospective investor withdrew from negotiations. ADMINISTRATORS The Australian company added that an agreed financing deal to develop the Cononish gold-silver mine, would provide sufficient funds to continue as a going concern. “Whilst financing discussions are at […]
GreenRoc extends Amitsoq licence for coastal access
GreenRoc Mining plc has expanded its mineral exploration licence, containing the Amitsoq graphite deposit, from 48km2 to 72.52km2 in just three months from application. PROSPECTIVE The additional area secures access to coastal land opposite the Amitsoq deposit, allowing the use of flat ground for infrastructure including buildings, storage, depot sites and port facilities. The company said […]