Ormonde Mining plc has secured a three-year renewal for and regained full ownership of its two gold exploration licences in the Zamora province, western Spain. INTERESTS The company’s local subsidiary previously held 48.7% of Antofagasta and Cueva Negra while Shearwater Group plc held 51.3%. Acquisition of its partner’s share for €50,000 will be paid with five […]
Day: 17 February 2025
UKOG-Star increase Horndean production
UK Oil & Gas plc said that last quarter’s workover programme resulting in a “deeper seating” of a downhole pump had increased production at the Horndean field, 10 miles north of Portsmouth in Hampshire. REVENUES Field operator Star Energy Group achieved an average of 200 barrels of oil per day last month compared with 125 […]
Altona optimistic on fluorspar assays
Altona Rare Earths plc has received “very encouraging” assays from fluorspar ore samples collected last October from the fluorite zone at the Monte Muambe rare earths project in northwest Mozambique. PRODUCTION Returns of an average of 88.03% fluorite (CaF2) exceeded expectations given that the typical range for metallurgical grade fluorspar is 60 to 85%, the […]