Helium One Global plc said it had encountered higher shows than previously after it re-entered and deepened the Itumbula-1 West well at Rukwa in Tanzania. DEPTH The company said that existing hole conditions were “very good”, enabling re-entry beneath the 9⅝” shoe. Drilling into the Basement has now reached a new total depth of 1,129m measured […]
Tag: extractive industries
Kistos issues 1.7m incentive share options
Kistos Holdings plc has issued in total 1,776,923 share options to certain directors and also adopted its share incentive plan for qualifying employees and subsidiaries. DIRECTORS The issued options over ordinary shares of £0.01 each in the company, under the 2021 equity incentive plan, have an exercise price of £1.30 per ordinary share. The EIP […]
EGT begins drilling at Olserum
European Green Transition plc has begun low cost diamond drilling for 1,500m at its Olserum rare earth elements project in Sweden. PARTNER Up to seven holes are planned at the Djupedal prospect, targeting outcropping mineralisation along the 1km trend. The company said that the first hole was in the vicinity of the historic magnetite iron […]
UKOG issues shares for employee benefit scheme
UK Oil & Gas plc directors agreed a subscription of 476,897,760 ordinary shares to take its employee benefit trust to the original 10% level of the company’s issued share capital. PLACING Employee benefit trustees trustees, Altum Trustees Ltd, subscribed for the ordinary shares at a price per share of £0.000001. The company said that the move […]
Kavango interprets new structures at Nara
Kavango Resources plc said it had interpreted several new structures, as well as extensions to structures associated with old mines, at its Nara gold exploration option in Zimbabwe. CONFIDENT Nara comprises 45 contiguous gold claims, each of 10 hectares, and covers four historic mines. Competed induced polarisation survey work of seven lines for 6,600m over […]
CRL identifies new mineralisation at Redmoor
Cornwall Resources Ltd has identified four new zones of “potentially economic” tungsten-tin-copper mineralisation within the Redmoor deposit and outside of the mineral resource estimate. TARGETS The company also delineated newly identified mineralised structures as well as signing a new mineral rights agreement. Assay results are from the first samples of 194 new drillcore across three […]