Chariot Limited said it is moving on to the next stage of drilling onshore in Morocco after the first well found uneconomic levels of gas.
Duncan Wallace, Chariot’s technical director, said: "Whilst the results of the Gaufrette well did not deliver a material gas accumulation, the presence of strong gas shows and excellent reservoir development is encouraging for future exploration in this area.
Caledonia Mining unveiled substantial increases in reserves and resources (R&R) at the 64%-owned Blanket gold mine, notes house broker Liberum.
Overall, Blanket’s Measured, Indicated & Inferred (MI&I) ounces increased by 47% to 2.85 million oz and grade by 20% to 3.74g/t, of which the proportion of higher-confidence M&I ounces improved to 63% (from 56%).
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11), which is building Ghana's first lithium mine, has appointed Edward Nana Yaw Koranteng as an independent director, effective immediately.
A seasoned lawyer and corporate banker with over 23 years of experience, he has been the CEO of the Minerals Income Investment Fund (MIIF) since 2021, where he manages Ghana's mining interests and royalty incomes, promoting sustainable sector growth.
European Green Transition PLC (AIM:EGT) said ground exploration at the Djupedal prospect at Olserum in south Sweden had confirmed the potential to host a significant-sized rare earth (TREO) project.
Channel samples taken over a 100-metre zone confirmed REE mineralisation and included three metres grading 1.58% TREO and one metre grading 2.27% TREO of which 30% were in the desirable heavy category.
NextEnergy Solar Fund Ltd (LSE:NESF) has announced a new dividend target of 8.43p per ordinary share for the financial year ending on March 31, 2025 - its 11th successive hike to the payout.
This represents an increase of 1% from the previous year and aligns with the company's commitment to a progressive income distribution policy.
Empire Metals Ltd (AIM:EEE) said the final 22 reverse circulation holes from the latest programme at the Pitfield Project in Western Australia had also indicated high grades of TiO2 (titanium) mineralisation near the surface.
Consistently higher TiO2 grades were identified in the uppermost 40m of mineralised bedded sandstone, corresponding closely to the near-surface zone of weathering at the key target areas Cosgrove and Thomas.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has announced a raft of upgrades to the reserves and resources at its 64%-owned Blanket mine in Zimbabwe, extending the life to 2034 and beyond.
Blanket's 1300 S-K mineral reserve and mineral resource ounces rise by 111% and 36% respectively, with a 7% and 23% increase in mineral reserve and mineral resource grade.
Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) is encouraged by downstream test work demonstrating that spherical purified graphite (SPG) with world-leading specifications for use in lithium-ion batteries can be produced from the Kasiya Project in Malawi.
Tests at leading, independent consultancy ProGraphite GmbH in Germany delivered exceptionally low levels of residual impurities achieving a 99.99% loss-on-ignition (LOI).