Reabold Resources plc expects the second tranche payment from the sale of its investee company Corallian Energy Ltd to be distributed to former Corallian shareholders from today. USES Reabold will receive £5.2m from purchaser Shell UK Ltd, which follows the first sum of £3.2m received on 1 November 2022. The final payment, of £4.4m, is […]
Month: December 2024
Garfield sample results show potential for copper deposit
Golden Metal Resources plc’s rock sample results showed “extensive high-grade” copper, silver and gold mineralisation at the Garfield project within the Walker Lane mineral belt in Nevada, USA. EXTENSION Garfield lies within a north-south trending copper-gold porphyry/skarn belt, extending south from Hawthorne. Porphyry deposits are characterised by lower grade but bulk tonnage deposits and are “one of […]
Hartshead could sell further 20% of Anning-Somerville
Hartshead Resources NL has agreed an option to sell a further 20% in its licence P2607, in return for an uncapped free carry of gross costs for phase I project development. DE-RISKING The Australian company completed the original 60% farm-out deal in May with Viaro Energy Ltd’s subsidiary, RockRose Energy Ltd. Three months later it […]
Hartshead appoints Bevan Tarratt as chairman
Hartshead Resources NL has appointed non-executive chairman Bevan Tarratt as executive chairman, effective from 1 December. Mr Tarratt, who will be paid £1,000 per day exclusive of superannuation, has a background in corporate and financial services industries having worked for accounting and corporate broking firms for the past 15 years. Experienced in the recapitalisation, restructuring […]
Arkle to drill gold-bearing outcrop at Inishowen
Arkle Resources plc is this week due to start a four-hole drilling programme on the 46km2 gold licence in Inishowen, County Donegal. CONTINUITY The company will follow up work completed at the Meeneragh target and aim to test the main gold-bearing outcrop. Drilling, from two drill pads at -45 and -70 degrees, will focus on […]
Predator awards 2.7m bonus shares to chairman and COO
Predator Oil & Gas (Holdings) plc issued 2,659, 574 shares under the executive directors bonus scheme in recognition of the drilling programme and results onshore Morocco. Executive chairman Paul Griffiths and chief operating officer Lonny Baumgardner each received 1,329,787 1,329,787 shares. The amount, comprising 50% of the executive directors’ overall bonus related to the drilling […]