Hummingbird Resources plc expects to resume gold mining operations over the coming weeks at Kouroussa following the fire at the primary fuel depot in Conkary, Guinea. PRODUCTION The processing plant has continued to process existing stockpiles and limited material mined. Over the past few days fuel has been delivered to the mine and, after restart […]
Month: December 2024
Helium One finds elevated shows in ITW-1
Helium One Global Ltd reported consistent elevated helium shows, over twenty times above background, while drilling the Itumbula West-1 well on the Rukwa licence in Tanzania. EVALUATION Drilling in the Lake Beds Formation, Red Sandstone Group, Karoo Group and Basement targets yesterday, reached a total depth of 961m measured depth. Helium shows increased in frequency […]
United to focus on Jamaica and UK after Egypt exit
United Oil & gas plc said it would focus on its assets offshore Jamaica and onshore UK after it has left Egypt. 2024 The company holds a 26.25% working interest in licence PL090 in Dorset containing the Waddock Cross oil field, operated by majority owner Egdon Resources. During 2020, Egdon completed reservoir modelling work on […]
Capricorn appoints COO and CFO
Capricorn Energy plc has appointed Geoff Probert as chief operating officer and Edward Ok as chief financial officer. The company said in its pre-close report that both brought “deep industry experience and strong relationships in Egypt, coupled with strategic, financial and operational leadership.” Capricorn is due to publish its full 2023 results on 14 March.
Red Rock granted second gold licence in Côte d’Ivoire
Red Rock Resources plc has been granted a second gold licence, for an initial four years, in Côte d’Ivoire. YAMOUSSOUKRO Covering 380.94km2 in the departments of Yamoussoukro and others, the licence is one of · the company’s four applications totalling 1,404.86km2 south of the capital Yamoussoukro. The project lies 245km north of Abidjan, 10km northwest of […]
Hummingbird increases share in Dugbe owner
Hummingbird Resources plc has increased its holding to 53% in Pasofino Gold Ltd, owner of the Dugbe gold project in south Liberia. MAXIMISATION The company finalised the acquisition in December through a US$2 million investment in Pasofino’s non-brokered private placement, totalling $2.33m, announced today. Funds will be used to optimise the 2022 definitive feasibility study. […]