Kodal Minerals shared its six-monthly results for the period ending 30 September. Engineering and development work at Bougouni is close to completion, with first production targeted for Q1 2025. Kodal added that minor delays on-site during the period under review impacted the project development timeline and commissioning of the processing plant due to unusually heavy rainfall and the availability of vessels to transport equipment and materials from China to West Africa. It posted a loss of £1.
49 million. Cash balance, as of 20 December, is at £17.5 million. Shares are at 0.34p/share, capitalising Kodal at £68.86 million. Helium One Global, provided updates on the Galactica-Pegasus project in Las Animas County, Colorado, US, in which it has a 50% share. Works have commenced on site access and the well pad at Jackson #31, it said. Once this is done, work will begin on the Jackson #04 location. A further three approved wells are scheduled for this campaign. Shares were at 0.94p/share, up 4%. Neo Energy said that, following an inspection of the Henkries uranium mine by South Africa's National Nuclear Regulator (NNR), the company received confirmation that the inspection was successfully completed and it demonstrated full compliance with NNR requirements and all applicable regulations. The NNR conducted an inspection on 4 December 2024 to verify the compliance of the company's subsidiary Desert Star Trading 130 (Pty) Ltd, through which the company has its interest in Henkries. Shares in Neo are at 0.88p/share, capitalising the company at £13.15 million. ECR Minerals has entered into a non-binding heads of terms with Octo Holdings regarding the proposed $4.5 million sale of the entire issued share capital of ECR's wholly-owned subsidiary, Mercator Gold Australia. Mercator holds some of the company's exploration assets in Victoria, Australia
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Source: MiningOnline - 🏆 117. / 51 Read more »
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