Scotgold Resources Ltd plans a third-party review for the next 12 months at its Cononish mine following dwindling cash and initial low grade gold finds. DEVELOPMENT RATES The review will initially assess the mine design, schedule and production forecasts. Second stage power and ventilation upgrades will also be included to improve mine accessibility, allowing simultaneous operation […]
Equipment & Logistics
Helium One acquires own rig to drill Tai-C
Helium One Global Ltd has overcome delays by securing and mobilising its own drilling rig, originally audited in July last year, to drill the Tai-C well at Rukwa in Tanzania. EPIROC PREDATOR 220 The move follows the company’s rectification notice last week to previous rig operator Sofori over delays and it has now cancelled dealings […]
Helium One issues notice to rig operator over delays
Helium One Global Ltd has taken legal advice and issued a rectification notice to its planned rig operator following continued delays to drilling operations at Rukwa in Tanzania. OPTIONS The company has had a series of issues over rigs since November 2022 when it had to change operator because of third-party legal complications. In January […]
Horizonte receives mining permit for Araguaia nickel
Horizonte Minerals plc has received a mining permit for its 100%-owned Araguaia nickel project in northeast Brazil. ORE STOCKPILES Consent from the Pará State Secretariat for Environment and Sustainability (Semas) allows initial work currently underway to establish ore stockpiles on the ROM pad ahead of the commissioning phase. “The approval enables the company to mine, […]
Block to spud next project I well following record production
Block Energy plc aims to spud the next well this month for Project I of its onshore oil and gas operations in Georgia. WELLS The company’s Q2 2023 report added that back-to-back drilling resulted in record production with an average rate of 664 boepd (Q1: 400 boepd). The success of wells JKT-01Z and WR-B01Za has […]
Altona to drill target orebody at Monte Muambe
Altona Rare Earths plc is due to drill one of two orebodies with results to be included in the inaugural JORC mineral resource estimate (MRE) for the Monte Muambe project in Mozambique. TARGETS The company expects to resume drilling on or around 15 July, with Spartan Drilling Services Limitada conducting operations. The programme will initially […]