Tertiary Minerals plc will control 90% of its Zambia copper projects under a signed new joint venture agreement with its local partner. STRUCTURE The deal covers the Jacks, Mukai and Mushima North exploration licences currently 100% held by partner Mwashia Resources Ltd. The agreement results in a new Zambian company (Newco) of which Tertiary’s 96% […]
Day: 8 November 2024
Cornish Tin raises £2m via placing-crowdfunding
Cornish Tin Ltd ended last year with a total £2,080,000 million raised via a private placing by its shareholders and crowdfunding. EXPLORATION Funds will be used for working capital and to progress phase II drilling, started on 15 February 2024, after receiving permission on 9 January from Cornwall Council. Contractor Priority Drilling UK Ltd is […]
Oriole’s partner starts infill sampling at Mbe
Oriole Resources plc reported the start of infill sampling at the early-stage 312km2 Mbe gold project on the Eastern Central Licence Package in Cameroon. ANOMALISM The company believes it has identified targets “indicative of a corridor of gold mineralisation” running across all five of its Eastern CLP licences. Earn-in partner BCM International Ltd completed its […]
Serica completes 30% acquisition of GBA licences
Serica Energy plc has completed its 30% non-operated acquisition in the Great Buchan Area licences P2498 and P2170 from Jersey Oil & Gas plc. DEVELOPMENT The GBA contains oil and gas accumulations 150km northeast of Aberdeen, and comprises the largest field Buchan, now renamed Buchan Horst, and Verbier. Project partners are now operator NEO Energy […]