Scirocco Energy plc has completed the sale of its 25% legacy interest in the Ruvuma onshore gas project in Tanzania. The company said that purchaser ARA Petroleum Tanzania had paid the balance of $2.54 million. Future contingent payments will depend on Ruvuma’s development. The investment was originally made by Solo Oil plc, from which Scirocco […]
Month: November 2024
Alba Mineral dewaters Clogau to level 3
Alba Mineral Resources plc has dewatered the lower Llechfraith workings at Clogau-St David’s gold mine to level 3 and completed field work at the historic Caerwych mine site. LOWER LLECHFRAITH The programme began following Natural Resources Wales’ refusal to allow a higher pump rate after heavy rainfall reflooded the lower Llechfraith workings. The company said […]
FCM NED Danesh Varma leaves
First Class Metals plc non-executive director Danesh Varma has resigned to pursue other interests as Andrew Williamson becomes NED, effective 15 October. Mr Varma will continue as an advisory consultant when required regarding corporate matters due to his extensive experience in Canada. “On behalf of the board of directors, I would like to thank Danesh […]
Red Rock to maximise short-term value of Zimbabwe lithium
Red Rock Resources plc aims to maximise the short term value of its lithium assets in Zimbabwe to benefit from the metal’s current high demand. OPERATIONS The company’s licences, near Bikita and Arcturus, are under discussion with several potential off-take partners and include possible sales to China. Chief executive officer Andrew Bell, currently in the […]
Predator issues 6m share options to two NEDs
Predator Oil & Gas Holdings plc issued six million options over ordinary shares to two non-executive directors under the company’s existing option scheme. Alistair Jury and Carl Kindinger each received three million options exercisable at 12.5 pence per share. A total 50% of the options will vest upon a news release on rigless testing results […]
Golden Metal begins trading on OTCQB venture market
Golden Metal Resources plc was earlier today admitted to trading on the OTCQB venture market, targeting new investors in the United States. The company, which continues to trade on AIM, said it had issued no new ordinary shares through the process. Golden Metal owns five projects in Nevada targeting base and precious metals, lithium and tungsten.