Deltic Energy plc has identified around 904 bcf in the P50 estimate of potential gas over three targets in its southern North Sea licence P2428, containing the Cupertino prospect. PARTNER The company, which is seeking suitable partners to develop the prospects, said that the prospective resources range from 205bcf in the P90 estimate to 2.97 […]
Tag: extractive industries
Power Metal identifies ‘significant’ target at Kisinka
Power Metal Resources plc said it had identified a significant cobalt target at its 70% owned Kisinka copper-cobalt project in the Democratic Republic of Congo (DRC). SURVEYS Kisinka is located some 30km east of the regional capital of Lubumbashi in the southern part of the Katangan copper belt. Assay results from pitting and mapping exploration […]
Block nears Schlumberger Rustaveli acquisition
Block Energy plc said it had made some amendments to the sale and purchase agreement of Schlumberger Rustaveli Company Ltd (SRCL) in Georgia. TERMS The company’s agreement with Schlumberger to acquire its subsidiary SRCL, covering Blocks XIB and IX, had been delayed due to Covid-19. Completion will be next Monday (23 November) and subject to Block […]
Power Metal starts second drill hole at Molopo
Power Metal Resources plc has started the second diamond drill hole targeting nickel sulphide and platinum-group metals (PGM) at the Molopo Farms Complex (MFC) in Botswana. The company announced three days ago that it had finished drilling the first hole to a target depth of 520m with near 100% core recovery. bit.ly/3kXkQOd Diamond drilling of […]
Red Rock starts cobalt-copper survey at Luanshimba
Red Rock Resources plc said it had mobilised a geophysics team to its 80% owned Luanshimba licence in the south-east of the Democratic Republic of Congo. The move follows the identification in late 2018 of strong copper and cobalt anomalism in the southern part of the licence by a programme of termite mound sampling. Red […]
Alba secures Dolgellau gold belt exploration rights
Alba Mineral Resources plc announced it has been awarded a six-year exploration licence, renewable by up to four years, to the Gwynfynydd gold mine in Gwynedd, North Wales. The mine is the second largest producer of gold, after Clogau-St David’s gold mine, in the UK’s history. The award means that Alba has now secured the […]