Zanaga Iron Ore has secured a $21.5 million investment backed by top mining veterans, including former Anglo American and Glencore bosses. The funds will buy out Glencore’s 43% stake and push the massive Republic of Congo project forward.
Helium One Global has received an offer letter for a Mining Licence covering 480 square kilometres at its Rukwa Helium Project in Tanzania. CEO Lorna Blaisse says it's a milestone for both the company and Tanzania’s helium industry.
Meanwhile, Helium One Global has also completed its Jackson-31 well in Colorado, confirming free gas in the Upper Lyons Sandstone Formation. The well flowed gas naturally, with a 57-foot gas-saturated section, and further testing is planned.
Pantheon Resources expects to start flow testing at its Megrez-1 well in Alaska this month. Testing will assess six pay zones, with potential flow rates between 200 and 2,000 barrels of oil equivalent per day.
Georgina Energy has completed an Environmental Impact Statement for its Hussar helium and hydrogen prospect in Australia, with a further study required due to the expanded project area. At Mt Winter, seismic data is being reprocessed, and updated volumetric assessments are underway, with a final report expected in April.
