Tertiary Minerals plc has signed a definitive earn-in with KoBold Metals for the Konkola West copper project in Zambia. JOINT VENTURE The agreement over exploration licence 27067-HQ-LEL is between the company’s 96% owned subsidiary Tertiary Minerals (Zambia) Ltd (TMZ), a subsidiary of KoBold and TMZ’s local partner Mwashia Resources Ltd. Private US-based mineral explorer KoBold […]
Month: December 2024
Europa appoints Simon Ashby-Rudd as NED
Europa Oil & Gas (Holdings) plc has appointed Simon Ashby-Rudd to the board as independent non-executive director with immediate effect. Mr Ashby-Rudd’s experience in upstream energy includes 30 years in investment banking at large financial institutions including Dresdner Kleinwort Benson, Citigroup and Standard Bank where he was global head of oil & gas. He was […]
CMR chair Christopher Lambert leaves
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 […]
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 […]