Cadence Minerals plc said a new “large and significant” lithium anomalism had been identified from first results of geochemical soil sampling at Bynoe in the Northern Territory. DRILL Operator Evergreen Lithium Ltd, of which the company holds 8.78%, collected the batches from the tenement’s central area “demonstrating the widespread nature of potential mineralisation in the […]
Month: November 2024
Predator signs MoU for Guercif gas sales
Predator Oil & Gas Holdings plc has signed a memorandum of understanding for sales of up to potentially 50 million cubic feet of gas per day from Guercif onshore Morocco. FOUNDATION The exclusive one-year MoU, beginning 27 November, with Afriquia Gaz S.A. involves discussing the terms of a legally binding gas sales agreement of compressed […]
Baron Oil secures first step to drill-test Chuditch-2
Baron Oil plc has secured the first step for approval to drill and test the Chuditch-2 appraisal well planned for late 2024 offshore Timor-Leste. PREPARATIONS The company’s wholly owned subsidiary SundaGas Banda Unipessoal Lda, which operates the TL-SO-19-16 production sharing contract, will now submit a terms of reference including initial public consultations. This forms the […]
Karelian swings to a loss in ‘significant’ year
Karelian Diamond Resources plc swung to a loss during the last financial year at its projects in East Finland and Northern Ireland. EXPENDITURE The company is exploring for diamonds on the Lahtojoki deposit in the Kuopio – Kaavi region and in the Kuhmo region as well as for nickel, copper and platinum group elements in […]
Cornish Lithium NED and former chairman retires
Cornish Lithium plc non-executive director and former chairman Derek Linfield steps down from today. From August 2016, he played a major role in developing the company including negotiating and structuring its mineral rights portfolio and initial fundraising. Cornish Lithium said that Mr Linfield’s longstanding legal skills were pivotal during the company’s early stages of development […]
Cornish Lithium appoints new NEDs
Cornish Lithium plc has appointed Adam Howard and John Raymond to the board as non-executive directors. ADAM HOWARD Each represent the company’s strategic investors the UK Infrastructure Bank (UKIB) and The Energy and Minerals Group (EMG) respectively, following the £53.6m fundraise earlier in the year. Mr Howard is a director of UKIB, responsible for leading […]