First Class Metals plc (FCM) has been granted further exploration permits for its Enable and McKellar properties from the Ontario Ministry of Mines. COLLABORATION The three-year permits are effective until 16 November 2026 and will allow stripping, trail cutting and diamond drilling. Enable, with proven mineralisation and historical showings including Perch Lake reporting 1.85ppm gold, will […]
Month: November 2024
Oriole signs non-binding Bibemi-Mbe earn-ins
Oriole Resources plc has signed two non-binding heads of terms with BCM International Ltd for earn-ins at the company’s Mbe and Bibemi orogenic gold licences in Cameroon. MBE The transactions, for up to 50% interest in each licence with the Ghana-based mining and civil contractor, are expected to be executed before the end of the […]
Kavango awards 48m share options
Kavango Resources plc has granted 48 million share options to directors and persons discharging managerial duties and 20m to its key consultants. Both sets of options are exercisable at a price of 1.1 pence per ordinary share for a period of seven years, with the consultant options vesting in phases over 24 months. Non-executive chairman […]
CMR independent NED Adrian England to leave
Critical Mineral Resources plc independent non-executive director Adrian England will leave at the end of December. Mr England joined the company in December 2022. “Whilst Adrian will continue to serve the company until this date, the board would like to thank Adrian for his contribution to CMR and that he will leave with the company’s […]
JOG-NEO acquire Western Isles FPSO for Buchan
Jersey Oil & Gas plc (JOG) and NEO Energy have acquired the ‘Western Isles’ floating production, storage and offloading vessel to redevelop the Buchan field. PREPARATIONS In operation since early 2017, the processing facility is owned by operator Dana Petroleum (E&P) Ltd (76.9188%) and NEO (23.0812%). The vessel is scheduled to come off station from […]
Reabold increases interest in Colle Santo
Reabold Resources plc has increased is shareholding to 18.4% in majority option holder, LNEnergy Ltd, of the Colle Santo gas field in Abruzzo, Italy. FINANCING The company partially exercised its second option by subscribing for a further 11 new ordinary shares in LNEnergy, equivalent to 0.8%, for £150,000 cash. Reabold retains the right to invest a […]