LONDON: Arc Minerals has entered into a binding Sale and Purchase Agreement to sell Arc’s entire 99.43% interest in Casa Mining Limited to Century Capital Management Ltd, a Canadian private equity group for consideration payable of up to US$9.8 million. Completion of the transaction is conditional on, inter alia, final due diligence being completed and…
Category: Canadian Exchange
Oil & Gas, Electricity, Renewables, Canadian Exchange, News Releases
ADNOC and Total collaborate to deploy automated seismic acquisition system in Abu Dhabi
PARIS–(BUSINESS WIRE)–The Abu Dhabi National Oil Company (ADNOC) and Total announce their collaboration to deploy the world’s first automated seismic acquisition system in Abu Dhabi. This pilot project, performed with Total’s Multiphysics Exploration Technology Integrated System (METIS), uses autonomous drones and a ground vehicle to drop off and retrieve seismic sensors without human intervention, therefore…
Carawine Resources forms joint venture with FMG Resources
PERTH: Gold and base metals explorer Carawine Resources Limited has entered into a Farm-In and Joint Venture Agreement with FMG Resources Pty Ltd to explore Carawine’s “Lamil Hills”, “Trotman South” and “Sunday” tenements. Agreement provides Fortescue with a significant and highly prospective tenement holding within the Paterson Province. Agreement ensures Carawine is well positioned to…
Bardoc completes acquisition of Mayday and North Kanowna Star Gold Projects
FREMANTLE: Bardoc Gold Limited has completed the acquisition of the Mayday and North Kanowna Star gold projects from Strategic Projects Mining Pty Ltd. The project areas include a combined JORC compliant Indicated and Inferred Mineral Resource totalling 111,600oz, which the Company aims to expand over the coming months through a +10,000m Reverse Circulation and diamond…
BlackEarth commences trial mining at Maniry Graphite Project
PERTH: BlackEarth Minerals NL has commenced the excavation of 60 tonnes of bulk material from the Maniry Graphite Project in southern Madagascar, as part of its trial mining / large scale pilot program. The mining and excavation activities on site are expected to be completed by late November, and the 60+ tonnes bulk sample is…
Blue and Queensland sign gas MOU for proposed Townsville Nickel refining project
BRISBANE: Blue Energy Limited has signed a non-binding MOU with Queensland Pacific Metals Pty Ltd (QPM) to facilitate supply of a portion of Blue Energy’s North Bowen Basin gas resources. QPM is a wholly owned subsidiary of Pure Minerals Limited, who is focussed on developing a battery chemicals refinery to produce nickel and cobalt sulphate…
E2 Metals commences drilling at Conserrat Project in Argentina
MELBOURNE: E2 Metals Limited announced that drilling has commenced at the Conserrat Project in Santa Cruz province, Argentina. Approximately 2,500m of Reverse Circulation (RC) drilling is planned in up to 25 holes to investigate a series of outcropping vein and IP targets at five prospects spaced over a 2.5km by 4km area. The objective of…
SER completes drilling at Saxby Gold Project
SYDNEY: Strategic Energy Resources (SER) announce that drilling has been completed at the Saxby Gold Project in Queensland. Vertical rotary-mud / diamond drill hole SXDD020 reached a final depth of 718.63m on 9 November 2019. SXDD020 did not deviate significantly in inclination. SER will sample 95m of core from SXDD020 which will be sent for…
UKOG completes HH-2z horizontal drilling
LONDON: UK Oil & Gas PLC (UKOG) has announced the successful completion of its Horse Hill-2z (HH-2z) Portland horizontal drilling campaign. A total of approximately 2,500 ft of horizontal trajectory was drilled wholly within the Portland reservoir’s most oil productive zone or “sweet spot”, around 70 times greater exposure to the sweet-spot than seen in…
Construction of 900MW RLNG based power project to start next month
KARACHI, PAKISTAN: The construction of K-Electric’s $650 million 900MW RLNG-based Bin Qasim Power Station (BQPS)-III will commence in December. The project has received all required approvals and is part of KE’s planned initiatives resulting in investments of around US$3 billion across the power value chain over the next few years. The project was conceived in…
Tempus Resources completes due diligence on the acquisition of Blackdome-Elizabeth Gold Project
PERTH: Tempus Resources has announced successful completion of due diligence on the acquisition of the high-grade, past producing Blackdome-Elizabeth Gold Project located in British Columbia, Canada. Legal firm Gowling WLG (Canada) LLP and technical specialists SRK Consulting have assisted with detailed due diligence on the acquisition and letter of intent, which has now been completed…
SeaBird gets new OBN source contract in Eastern Hemisphere
LIMASSOL, CYPRUS: SeaBird Exploration announced receipt of a letter of intent for the exclusive provision of source vessel services for an OBN survey in the Eastern Hemisphere. The survey is expected to start in Q1 2020, with an approximate duration of 60 – 90 days. SeaBird is a global provider of marine acquisition for 2D/3D…