Conroy Gold and Natural Resources plc appointed its deputy chairman John Sherman as chairman with immediate effect. DISCS OF GOLD His appointment follows the death last month of the company’s founder and executive chairman Richard Conroy. Mr Sherman is Professor Conroy’s son-in-law. Conroy has also named its licence area as the Discs of Gold project, […]
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Corcel NED resigns
Corcel plc non-executive director and former chairman Antoine Karam has resigned with immediate effect. Interim non-executive chairman Andrew Fairclough said: “On behalf of the board, I would like to offer thanks to Antoine for all that he has done for the company, having led the change in strategic direction last year and for supporting it both […]
Deltic confirms gas discovery at Selene
Deltic Energy plc has confirmed a gas discovery at the Selene joint venture in the UK southern North Sea. VOLUMES Operator Shell UK Ltd drilled 48/8b-3Z well, reaching its total depth of 3,540 metres TVDSS on 17 October and proved a “160 metre thick” section of Leman Sandstone. “The top of the Leman Sandstone was […]
Red Rock discusses new DRC opportunities
Red Rock Resources plc has attended a “series of important meetings” on new business opportunities in the Democratic Republic of Congo. DISCUSSIONS The company said it had also signed a framework agreement with its local associate Koto DRC SARL for an equal new joint venture, conditional on acquiring suitable assets. Red Rock expects to return […]
Altona cash falls as investments continue
Altona Rare Earths plc posted a fall in cash reserves as it continues to diversify its portfolio alongside continued investment in its flagship Monte Muambe project in Mozambique. INVESTOR Year results ended 30 June show a decrease from £1.1 million to £400,000 although offset by new loans totalling £900,000. Altona’s investments rose from £1.6m to […]
Guardian looks to expand with Tempiute option
Guardian Metal Resources plc looks to grow its portfolio with a binding letter of intent for an option to acquire the Tempiute tungsten mine and mill in south-central Nevada, US. RESOURCE The potential acquisition from Hinkite Resources LLC lies 290km by road from the company’s flagship Pilot Mountain tungsten project and less than 240km north […]