Altona identifies IOGC prospectivity at Kabompo

Altona Rare Earths plc has identified prospectivity for iron ore-copper-gold (IOGC) mineralisation at its Kabompo South copper project in Zambia. GUIDE Geophysical and geochemical data assessment by Earthmaps Consulting confirmed “geophysical features typically associated with IOCG deposits” in the country. The licence is “largely underlain by iron-rich Hook granites” intruding low metamorphic Kundelungu Group sediments […]

Helium One completes civils work to spud Tai-C

Helium One Global Ltd is on schedule to start Phase II drilling of the Tai-C well on the Rukwa project following completion of civils work and 2.4km long access road. EQUIPMENT Sub-contractor TNR Ltd has prepared and constructed a 130m x 180m well pad and a concrete cellar to house the wellhead. The well pad, […]

Neptune agrees conditional $4.9bn sale to Eni-Vår Energi

Neptune Energy has agreed a conditional aggregate $4.9 billion sale of its assets, except those in Germany, to Eni International BV and Vår Energi ASA. NEW PHASE The deals, rumoured for several months, with the Italian major and its subsidiary are subject to, among other things, regulatory approvals with completion expected by the end of […]