Galantas Gold Corporation said it was reviewing its licences and operations as the company released its half year results for Cavanacaw gold mine in Omagh, Northern Ireland. PROJECT OPTIONS In its report, the Canadian miner also said it was looking at options of a sale, joint venture or partnership or other options with third parties […]
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Red Rock-Power Metal eye Donnybrook gold field
Red Rock Australasia Pty Ltd (RRAL) joint venture has applied for a fourth licence for a new area in the Victoria gold fields, Australia. KILMORE WEST The JV comprises Red Rock Resources plc holding 50.1% and Power Metal Resources plc with 49.9%. Tenement EL007460, Kilmore West, covers 349 km2 and holds numerous former mine workings […]
Anglesey raises £200,000 via placing
Anglesey Mining plc has raised £200,000 via a placing of 12.5 million shares, representing approximately 6.7% of its current issued share capital, at 1.6 pence per share. SCOPING STUDY Proceeds will be used to incorporate all QME engineering and optimisation studies into an updated scoping study or preliminary economic assessment for Parys Mountain. Anglesey will […]
OGA notes joint power sites for oil-gas and wind farms
Shared electrification of offshore oil and gas industry and wind farms aimed at reducing greenhouse gas emissions has taken a step further by the Oil & Gas Authority (OGA). Areas identified with the most significant opportunities are West of Shetland, the Outer Moray Firth, Central North Sea and Southern North Sea. The OGA stated that […]
Egdon completes North Sea gas farm-in with Shell
Egdon Resources plc (AIM:EDR) has sealed the farm-in agreement with Shell in respect of offshore North Sea licences P1929 and P2304 containing the Resolution and Endeavour gas discoveries. The Oil and Gas Authority (OGA) approved the transfer of a 70% interest and operatorship in both licences, and Egdon retains a 30% interest in the licences. […]
UK energy integration could add 30% to net zero
UK offshore oil and gas, renewables, hydrogen and carbon capture and storage (CCS) integration could contribute some 30% of the country’s total carbon reduction needed to meet the 2050 net zero target. The Oil and Gas Authority’s (OGA) published its findings in a report, Energy Integration Project, in collaboration with Ofgem, The Crown Estate and the Department for […]