Scirocco Energy plc said that a two-year extension had been granted to the 3,447 km2 Ruvuma joint venture licence in southeast Tanzania. RUVUMA The company holds a 25% working interest in the licence which is operated by ARA Petroleum Tanzania Ltd (APT). Approximately 90% of the licence lies onshore with the remainder offshore. EXTENSION The […]
Tag: Tanzania
Helium One completes Tai-1A drill
Helium One Global Ltd has completed drilling the Tai-1A exploration well to a depth of 1,121m but poor hole conditions prevented logging below 882m at its 100% owned Rukwa project in Tanzania. KAROO FORMATION The company said that helium shows had been identified in all three target formations and encountered over five intervals in the […]
Power Metal nears diamond drilling at Haneti
Power Metal Resources plc has completed plans for a diamond drill campaign at the 5,000km2 nickel-copper-cobalt-platinum group metals (PGMs) joint venture Haneti project in central Tanzania. DRILL PLANS In April, the company’s partner Katoro Gold plc (65%) began the plans which considered all exploration results and extensive technical consultation. Katoro will now submit the drill […]
Altona aims to extend over four African countries
Altona Rare Earths plc announced it intends to develop its portfolio with multiple African projects across the four countries of Mozambique, Angola, Tanzania and Uganda. The company expects to secure new rare earths projects in the second half of 2021, should they follow a strict selection process. In its current portfolio, Altona is negotiating three acquisition contracts through which it […]
Altona to focus on East African REEs
Altona Energy plc today announced it had raised £138,459.12 before expenses for its exploration projects for rare earth minerals in East Africa. The funds were raised through the placing of 2,130,140 new ordinary shares at an issue price of 6.5 pence per share. Altona expects to be readmitted to trading on the Aquis Stock Exchange […]