Power Metal Resources plc has identified a high priority drill target on a superconductor at the 1,723km2 Molopo Farms Complex nickel-platinum group elements discovery, southwest Botswana. TWO CONDUCTORS A hole, drilled in 2022, to a depth of 520m failed to intersect the modelled superconductor which is on target area T1-14. The company then engaged a geophysicist […]
Equipment & Logistics
‘Intriguing’ Mushima North shows positive soil sample results
Tertiary Minerals plc reported positive follow-up results from portable XRF analysis of soil samples at the C1 target at the Mushima North copper project, Zambia. OPEN-ENDED ANOMALY The project, covering 701.3km2, lies 100km east of Manyinga in North-Western Province. C1 target, one of three so far identified, may hold iron-oxide-copper-gold (IOCG) style and traditional copper […]
Predator amends Guercif rigless testing programme
Predator Oil & Gas Holdings plc has altered the sequence of rigless testing of wells after making “good progress” on opening talks for a potential off-take agreement at Guercif. MOU-3 The company integrated results from MOU-1 to MOU-4 wells before choosing MOU-3 as the focal point for a potential CNG [compressed natural gas] development hub. […]
Component failure halts drilling Tai-3 well at Rukwa
Drilling has been suspended for approximately two weeks on Tai-3 well at Rukwa after the Predator 220 drilling rig suffered a component failure in the main rig carrier. PERFORMANCE Helium One Global Ltd needs to find the required mechanical parts from outside Tanzania to carry out the repairs before restarting operations at Rukwa. The company […]
Neptune spuds Ofelia appraisal well
Neptune Energy has begun drilling the Ofelia appraisal well on PL929 in the Norwegian sector of the North Sea. AGAT & KYRRE The Ofelia discovery, made in August 2022, lies approximately 14km north of the Neptune-operated Gjøa field. The company said that preliminary estimates of recoverable volume were 2.5 to 6.2 million standard cubic metres […]
Araguaia costs to rise 35% with first production delayed
Horizonte Minerals plc anticipates at least a 35% increase in overall capital expenditure and a delay to first production at its Araguaia nickel project in northeast Brazil. FINANCING The company said it was making “good progress” on the final detailed engineering and construction design for Line 1 but a review of costs for the design […]