Critical Mineral Resources plc chairman Christopher Lambert has left the board of directors with immediate effect. The company said that the board was considering his replacement. The Moroccan-focused company also announced the appointment of general manager Noureddine Sabraou as chief operating officer also with immediate effect. Mr Sabraou is a geologist in the Moroccan mining […]
Day: 11 November 2024
Harbour JV discovers ‘significant’ gas in Layaran-1
Harbour Energy plc partner Mubadala Energy has made a “significant” gas discovery in the Layaran-1 well on the South Andaman licence, offshore North Sumatra. HALWA-GAYO Layaran-1 is the first of a four-well exploration campaign targeting the same Oligocene play as the Timpan-1 well drilled on Andaman II, operated by Harbour with a 40% interest, in […]
FCM drilling shows ‘robust’ intersects at Zigzag
First Class Metals plc (FCM) intersected spodumene-bearing pegmatites in nine targeted holes drilled at the Zigzag lithium property in the Seymour-Falcon corridor, northwestern Ontario. SAMPLING The company recorded more than 50 metres of pegmatite, exceeding 5m in thickness, and mineralisation remaining open along strike and down dip. Multiple mineralised pegmatite zones were intersected in holes […]
Tungsten West raises £1.8m and mulls selling some assets
Tungsten West plc raised £1.8 million from the £6.95m convertible loan notes earlier this year for the Hemerdon mine in Devon as it considers selling some of its assets. PROGRESS The proceeds of tranche C will support progress of the permitting process, updating the feasibility study and associated financing. The company also expects to need […]
Baron signs MoU for 15% Chuditch farm-up
Baron Oil plc has entered a proposed 15% working interest farm-up for the Chuditch production sharing contract, offshore Timor Leste. COSTS The company’s subsidiary SundaGas Banda Unipessoal Lda signed a memorandum of understanding with the country’s national oil and gas company TIMOR GAP Chuditch Unipessoal Lda. SundaGas will retain operatorship and hold a 60% working […]