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Metals & Minerals News

Tertiary begins drilling at Brunton Pass

Tertiary Minerals plc has started an additional drilling programme in its portfolio of licences with operations at the Brunton Pass copper-gold project in central Nevada, USA. UNPARALLELED The company plans four reverse circulation percussion drill holes each to an average depth of 350 to 400 metres. Tertiary said that two holes holes would test for […]

Finance News Oil & Gas

Deltic JV prepares for second Selene licence term

Deltic Energy plc said its partner and operator Shell UK Ltd had recommended entering the second term of licence P2437, containing the Selene gas discovery. FID Along with Dana Petroleum (E&P) Ltd, the joint venture will agree a low-cost work programme and timeline with the North Sea Transition Authority before a potential final investment decision. With […]

Finance Metals & Minerals News

Condor Gold agrees up to £475,000 loan

Condor Gold plc has entered into an unsecured term loan facility for up to £475,000 with Galloway Ltd. LA INDIA Galloway, owned by Burnbrae Group Ltd which is in turn owned by Condor’s chairman Jim Mellon, owns 26.13% of Condor’s issued ordinary share capital. Condor non-executive director Denham Eke is also a director of Burnbrae […]

Metals & Minerals News

Power Metal grants 6.4m share options

Power Metal Resources plc has granted options over 6.4 million new ordinary shares of 2 pence each in the company to certain directors and staff members. DIRECTORS The options, to subscribe for new ordinary shares at an exercise price of £0.20 each, include 3.75m for board directors and officers. Chief executive Sean Wade received 1,350,000 options; non-executive chairman Scott […]

Company Moves Metals & Minerals News

Strategic Minerals managing director retires

Strategic Minerals plc managing director John Peters has retired and left the board with effect from today. The company is parent to Cornwall Resources Ltd exploring for tin and tungsten. Mr Peters will remain as a consultant for six months during the transition. Non-executive director Mark Burnett becomes executive director while Strategic Minerals seeks a […]