UK Oil & Gas plc (UKOG) announced construction had started of the drilling pad and access road for Basur-3 appraisal well at the 50%-owned, 305 km² Resan licence in Turkey. UKOG and joint venture partner Aladdin Middle East are expected to take some 60 days on the construction. Basur-3 lies approximately 1.2km north and geologically […]
Tag: extractive industries
Altona signs MoU for Monte Muambe
Altona Rare Earths plc has signed an memorandum of understanding for up to a 70% earn-in of the Monte Muambe rare earths project in northwest Mozambique. OPEN PIT Altona, which also has rare earth interests in southeast Uganda and southern Malawi, signed the MoU with Ussokoti Investimetos Limitada to start a legal and technical due […]
Oriole cuts losses by 81% and raises £2.37m
Oriole Resources plc reduces losses by more than 80% and raised £2.37 million through its portfolio of assets in Africa and Turkey. The company said that the significant reduction was partly driven by an unrealised foreign exchange gain of £317,000, compared with a £445,000 exchange loss in 2019. The remaining sum of £578,000 was the […]
Oriole agrees gold exploration budget for Senala
Oriole Resources plc said it had reached an agreement over an underspend with its joint venture partner of £1.8 million at the Senala gold project in Senegal. Earlier in March, IAMGOLD Corporation had requested to carry forward US$172,000 from Year 3 into Year 4. bityl.co/660c As per the terms of the option agreement, IAMGOLD proposed […]
Oriole completes one third drilling at Bibemi
Oriole Resources plc announced it was now a third of the way through its planned diamond drilling programme at the Bibemi gold project in Cameroon. The company will drill 3,080 metres for 28 holes, with a total of 967.50m completed to date in nine holes, BBDD001 to BBDD009. The programme is testing the depth extension […]
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 […]