Salvage Update – December 2018

Britannias Gold – Salvage Update 05/12/2018 Progress at site since our last update has been satisfactory given the conditions we have been working in and the continuing removal of hull plate has proven to be time consuming and difficult. As mentioned in our last...

Salvage Update 3 – November 2018

Following on from our last update distributed on the 12/11, the offshore team has continued operations in a bid to remove the hull plating above the desired strong room location. This has proven particularly difficult due to the plates physical properties which after...

Salvage Update 2 – November 2018

Salvage Programme Progress Report 2 It has been a challenging week with repeated visits from Irish Navy, Air Force and Coast Guard questioning our activities. Although BGL is legally within its rights to undertake salvage operations within international waters, the...

Salvage Update November 2018

Current Salvage Operation Update 1 On arrival at site, BGL conducted as-found surveys of the target to confirm findings of the survey visit in April. There were no changes which allowed for preliminary salvage operations to commence in the form of grab and ROV cutting...

Salvage Update October 2018

25th October 2018 Britannia’s Gold Limited: Progress Statement Shareholders will recall that we delayed our intended salvage programme to take advantage of lower salvage vessel charter rates that were expected to prevail in Quarter 4 this year. There has been greater...

Salvage Update June 2018

SALVAGE UPDATE The Board of BGL is very aware of the recent lack of information regarding its current status and salvage plans. The purpose of this note is ideally to allay any concerns shareholders might have and to indicate the current operational thinking. I go...

Survey Update April 2018

Britannia’s Gold returns today from a very productive survey programme in the North Atlantic. For this exercise, BGL chartered the Norwegian state of the art survey vessel ‘EDDA FONN’. The objective of the programme was to locate, identify and survey five new target...

Exclusive Share Offer_April 2018

BRITANNIA'S GOLD SHARE OFFER As previously communicated, Will Carrier and his team set sail on Wednesday April 4th to carry out a comprehensive survey of 5 potential target wrecks. Progress to date has been so good that with the survey now already being conducted on...

Salvage Update January 2018

RISK ANALYSIS, PROJECT PLANNING AND OPTIMISATION Recent announcements by the company have alluded to BGL reassessing salvage and vessel solutions prior to renewing its cargo recovery activities later this quarter. This also involves detailed evaluation of existing and...

Happy New Year

Dear Shareholders, The Directors of Britannia's Gold Ltd would like to wish all shareholders a very Happy New Year and look forward to 2018 being a year of substantial activity. We would hope to bring you details of planned salvage programmes early in the New Year and...