Cadence Minerals plc investee company has intercepted pegmatitic intrusions in multiple locations at the Bynoe project, 50km south of Darwin. EVIDENCE Evergreen Lithium Ltd, in which Cadence currently holds 8.74%, logged air core drill samples at the Lunchbox and Frogmouth prospects, identifying pegmatites close to surface. Cadence said that early drilling provided evidence that that […]
Day: 16 September 2024
Tungsten West raises £2.9m via CLN
Tungsten West plc has raised £2.975 million by way of an additional tranche E to the existing 2023 convertible loan notes and tranche D CLN. FINANCING The amended and restated CLN to a tranche E is on substantially the same terms as tranches A, B, C and D and matures on 31 January 2025. Tungsten […]
Deltic expects Valaris unit at Selene
Deltic Energy plc said that the Valaris 123 drilling unit is on its way to the joint venture Selene well location in the southern North Sea. DRILLING Operator Shell UK Ltd expects to start the first drilling of 2024 shortly after, with planned operations lasting approximately 90 days. The well will collect key information on […]
Europa-Antler increase EG-08 unrisked resource
Europa Oil & Gas (Holdings) plc reported a 716 bcf rise in unrisked prospective resources in EG-08 block, offshore Equatorial Guinea. EXPLORATION The increase, identified from technical data of the O-2 well drilled in 2007 by Noble Energy, takes the total gross unrisked mean prospective resources to 2.116 tcfe. Since Europa invested 42.9% stake in […]
Kavango confirms mineralisation at Karakubis
Kavango Resources plc said it had confirmed copper-silver mineralisation in the first high priority target at the Karakubis copper project in Botswana’s Kalahari copper belt. MODELLING Analysis of core also showed “further indicators of structural trap sites” and “validated” the company’s modelling of the KCB. Results also confirmed the project’s prospectivity for “large-scale copper/silver deposits”, […]