Galileo Resources (GLR) updated on drilling progress on the Kalahari Copper Belt Project in western Botswana. A total of over 5,000 metres (m) of mixed core and reverse circulation drilling has been completed to date on five of the Kalahari Copper Belt exploration licences in Botswana.
By Zak Mir
Drilling on the Sandfire Agreement Licences intersected visible copper mineralisation at 242.7m in core hole BDDD004 on PL366/2018 in the form of vein-hosted chalcopyrite. Galileo drilled in two of its retained licences, PL40/2018 and PL253/2018, with most holes intersecting the target D’kar/Ngwako Pan Fm. Drilling is ongoing on PL253/2018 and drilling has just commenced on PL39/2018 with the aim of testing an extensive airborne EM target on this property.
After getting a mention in the Mail On Sunday in the form of Rodger Sargent as an investor, it was David Evans’s TR1 which started the week for Oberon (OBE). He upped his stake in the investment group to 8% from 7%. Sargent is in at 3.14%.
Osirium Technologies (OSI), a vendor of cloud-based cybersecurity software, updated on its channel partner network and digital marketing strategy. The Group revealed contract wins in new territories including its first deals in the Netherlands, Ireland and Singapore, achieved through Osirium’s channel partner network.
Ascent Resources (AST), the natural resources company, said it has signed a binding damages-based agreement to pursue the Company’s ECT and Slovenia-UK BIT arbitration claim against the Republic of Slovenia. The company said that shareholders no financial risk and potentially highly material reward, which is of course just the way it should be.
Argo Blockchain (ARB), a global leader in cryptocurrency mining and of late perhaps, loose tongues, delivered an operational update for October 2021. During October, Argo mined 167 Bitcoin or Bitcoin Equivalent compared to 165 BTC in September. This brings the total amount of BTC mined year-to-date to 1,646 BTC. Mining revenue in October amounted to £7.24 million [$9.75 million] (September 2021: £5.50 million [$7.59 million]).
Inland Homes (INL) the brownfield developer, said that it has agreed to sell the final phase of its Carters Quay development in Poole to Bournemouth. The last phase of the development will provide 161 new homes and 8,000 square feet of commercial space. The Group has received a deposit, together with an advance payment of £8.25m, which will provide a further reduction in the Group’s borrowings. The contract is for a total consideration of £43.5m over the next 36 months.
Thor Mining (THR) announced that diamond drilling has commenced at the Molyhil tungsten-molybdenum Project, in the Northern Territory. A 1000m diamond program has commenced at Molyhil tungsten-molybdenum copper Project, NT. The Drilling is to test a newly identified magnetic target adjacent to the Molyhil magnetite skarn, host to the tungsten-molybdenum-copper mineralisation. Thor Mining was awarded A$110,000 from the Northern Territory Government as part of the Resourcing the Territory, Geophysics and Drilling Collaborations (GDC) program.
Nostra Terra (NTOG), the oil & gas exploration and production company, provided an operations update regarding increased production and further drilling plans. While not exactly up to the level of Royal Dutch Shell, there was a 19% increase in production in the third quarter (100 net bopd compared to the average 84 net bopd in H1 2021). There was also a 53 % increase in production over the last two weeks (128 net bopd compared to the average 84 net bopd in H1 2021). A new development well planned at Pine Mills (NTOG 32.5% Working Interest). Additional field infrastructure work planned at Pine Mills.
Seraphim Space Investment Trust (SSIT), the world’s first listed fund focused on SpaceTech, has been splashing the cash. It announced that it has made a new $25 million investment into HawkEye 360 Inc., a provider of space-based radio frequency data and analytics. This takes Seraphim Space’s portfolio of assets to a total of 20 SpaceTech companies. Since its IPO in July, Seraphim Space has made 7 investments.
Kodal Minerals (KOD), the popular mineral exploration and development company, said it has been granted a Mining Licence for its flagship Bougouni Lithium Project in Mali. The Project is now fully permitted for development with the previous approval of the Environmental and Social Impact Assessment in November 2019.
Europa Metals (EUZ), a lead-zinc and silver developer, said that all the requisite work documentation submitted to the Spanish Government Centre for the Development of Industrial Technology in relation to the Stage 1 milestone of its €466,801.50 innovation grant, has been approved and the company has now drawn down and received the second tranche of the Grant being €158,628.60.
Bradda Head Lithium (BHL), the North America-focused lithium development group, said that it has received conditional permission to begin exploration drilling at its Wikieup sedimentary claims in Central Arizona. Permission received refers to 9.8km(of Bradda’s Wikieup project covering Sections 12, 13 and Wikieup NW exploration targets
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