Union Jack Oil plc’s said that drilling had begun on the Andrews-1-17 well at the West Bowlegs prospect in Seminole County, Oklahoma. FARM-INS Operator Reach Oil & Gas Company Inc will test the prospect over ten days’ drilling to a depth of 5,200 ft. If successful, wireline logging operations, completion, perforation and testing will follow. Union […]
Day: 19 December 2024
Altona diversifies into Zambia metals-diamonds
Altona Rare Earths plc has diversified its portfolio with an agreement to acquire the 616 km2 metals and diamond Kabompo South project in Northwestern Province of Zambia. EXCLUSIVITY The deal with Sustineri Group Ltd and with the beneficial owners of Phelps Dodge Mining (Zambia) Ltd is for the entire issued share capital of Phelps Dodge, holder […]
Alba Mineral raises £380,000 via placing
Alba Mineral Resources plc has raised £380,000 before expenses through the issue of 584,615,385 new ordinary shares at a price of 0.065 pence per ordinary share. Following admission, the company’s total number of ordinary shares in issue will be 8,318,304,381. Alba holds no ordinary shares in treasury. Proceeds will be used at the company’s 100% owned Clogau-St David’s gold mine, […]
Kouroussa production delayed by disputes
Hummingbird Resources plc warned of delayed commercial production at its Kouroussa mine where operations are still on hold following disputes with its mining contractor. BLASTING Corica Mining Services stopped work on 17 March at the Guinea mine in a dispute over contracts including pay. Hummingbird today said it had been in discussions with Corica, alternative […]