Helium One Global Ltd has started drilling its second exploration well, Tai-2, at its 100% owned Rukwa project in Tanzania. TARGETS The exploration well targets prospective Lake Bed stratigraphy, which was identified but not fully evaluated as part of the drilling of Tai-1. Tai-2 is located 20m from Tai-1 and utilises the same drill pad, […]
Tag: exploration
Altona to start Monte Muambe rare earths exploration
Altona Rare Earths plc said it hoped to start its first exploration work by the end of September in Mozambique. FINANCE In its audited final results for the year ended 30 June 2021, the company also announced that expenditure totalled £733,000 (FY20: £225,985), reflecting Altona’s new strategy of investments into rare earths projects in Africa […]
Kavango Resources raises £1.94 million through placing
Kavango Resources plc has raised £1.94 million through the placing of 35,272,727 new ordinary shares at a price of 5.5p. A one-for-one warrant has been issued to all placing participants, at 8.5p per share for a period of two years.
Cornish Tin appoints Christopher Mcmellon as secretary
Cornish Tin Ltd has appointed Christopher Mcmellon as secretary. Companies House recorded the appointment on 26 April. The Truro-based mining company, which changed its name from Osprey Mining Ltd in November 2020, is working on the Great Wheal Vor project near Breage near Helston, Cornwall.
Red Rock Resources raises £7,352 via warrant exercise
Red Rock Resources plc has raised £7,352.94 following notices to exercise warrants over 980,392 new ordinary shares of 0.01 pence each in the company. The warrant shares are being issued pursuant to the exercise of 980,392 warrants into shares at an exercise price of 0.75 pence per share.
Helium One appoints Mitchell Drilling for Rukwa
Helium One Global Ltd has appointed Mitchell Drilling Ltd as drilling contractor for the first three-well exploration programme at its 100% owned Rukwa project in Tanzania. FAST TRACK The Australian operator, with more than 50 years’ experience and 115 rigs globally, will mobilise a drill rig already within Tanzania before starting work in mid-May. The company has the option […]