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Exploration News

Walkabout negotiates additional JV in Northern Ireland

By: Creamer Media Reporter      Updated 2 hours 34 minutes ago Australia’s Walkabout Resources has negotiated additional joint ventures (JVs) with partner Koza UK, whereby the company could earn into at least 75% in each of the Slieve Gallion and Antrim Metals JVs. The addition of these earn-in JVs will expand Walkabout’s Northern Ireland exploration... 

Resolute’s $38m net profit in line with expectations

By: Nadine James     Updated 7 hours ago Australia-based gold miner Resolute Mining has posted a 40% fall in first-half net profit of A$38-million, which CEO John Welborn said on Thursday was in line with expectations as the company remained in an investment phase. Revenue for the six-month period ended December 2017 was A$203-million,... 

Kirkland Lake net earnings surge on production growth

By: Nadine James     22nd February 2018 Gold miner Kirkland Lake Gold has released strong financial and operating full year results for 2017, including a 90% increase in production and improved cash flow. The Toronto-headquartered company produced 596 405 oz in 2017, an increase of 90% from 2016, largely owing to the full-year... 

Kirkland Lake net earnings surge on production growth
FOSTERVILLE The Australian mine's mineral reserve now totals 1.7-million ounces at an average grade of 23.1 g/t

Athabasca exploration juniors reveal voluminous resource increases

By: Henry Lazenby     20th February 2018 Junior explorer Fission Uranium has reported an increase of about 30% in the total compliant indicated and inferred resources at its flagship Triple R deposit, in North-Western Saskatcewan. The Kelowna, British Columbia-based company on Tuesday said the resource estimate for the Triple R deposit... 

Athabasca exploration juniors reveal voluminous resource increases
Photo by Henry Lazenby
Drill cores on display at Fission Uranium's Triple R deposit, North-Western Saskatchewan

After 2017 consolidation, mining to pre-empt future metals demand – EY

By: Schalk Burger     20th February 2018 With stronger balance sheets across the mining and metals sector, miners are increasingly returning to an investment-led strategy, which is driving a renewed focus on building portfolios that deliver sustainable shareholder returns, says multinational consultancy Ernst & Young (EY). The focus... 

After 2017 consolidation, mining to pre-empt future metals demand – EY

Greatland to start exploration programme at Australian project

By: Creamer Media Reporter      20th February 2018 The Western Australian Mines, Industry Regulation and Safety department has approved London-listed Greatland Gold’s programme of work applications for drilling at the Ernst Giles project. The precious and base metals exploration and development company said on Tuesday that its exploration... 

Peel spin-out Saturn's IPO closes early, oversubscribed

By: Creamer Media Reporter      20th February 2018 Perth-headquartered Peel Mining on Tuesday announced that the initial public offering (IPO) for its subsidiary Saturn Metals had closed early with firm commitments leaving the offer oversubscribed. The company said that it had received bids beyond the maximum A$7-million subscription amount.... 

Orion reveals encouraging results from drilling at Prieska project

By: Simone Liedtke     19th February 2018 ASX- and JSE-listed Orion Minerals on Monday announced further encouraging results from drilling at the company's Prieska zinc/copper project, in the Northern Cape. Drill hole OCOD087_D2, drilled on the south-west margin of the NW Trough Target, intersected 14 m of mineralised massive sulphide... 

Black Mountain to sell Uganda mine as part of strategic restructuring

By: Simone Liedtke     19th February 2018 Vermiculite miner Black Mountain Resources on Monday updated shareholders on restructure initiatives that have been agreed to by the company and its major lender Richmond Partners Masters. These initiatives, which are subject to shareholder approvals, formal documentation and regulatory sign off,... 

Court postponement signals ‘welcome change’ in govt, industry relations – Leon

By: Dylan Slater     19th February 2018 Law firm Herbert Smith Freehills Africa practice cochairperson and partner Peter Leon says the postponement of Monday’s scheduled High Court case over the hotly contested Mining Charter 3, signals a welcome change in relations between government and the South African mining industry.  

Mining mechanisation could create ‘massive’ employment challenges – Harwood

By: Nadine James     16th February 2018 Despite positive sentiment and improving commodity prices, the African mining industry continues to face immense challenges, says Montero Mining and Exploration CEO Dr Antony Harwood. Addressing the African Mining Network’s (AMN’s) thirty-ninth networking dinner, on Thursday evening, he touched... 

Mining mechanisation could create ‘massive’ employment challenges – Harwood
Photo by Duane Daws
ANTONY HARWOOD Fear of the other could become fear of the robot

Leon expects mining industry to have a future under Ramaphosa’s Presidency

By: Nadine James     16th February 2018 Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery. In a speech to the British Chamber of Business in South Africa on Thursday evening, he... 

Leon expects mining industry to have a future under Ramaphosa’s Presidency
Photo by Duane Daws
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon

Beowulf is back drilling at Aitolampi, Finland

By: Creamer Media Reporter      16th February 2018 Aim-listed Beowulf has started drilling at its Aitolampi graphite project, which forms part of the Pitkäjärvi 1 exploration permit in Finland. The company has plans to drill about 2 000 m, up to 15 drill holes, with the drilling programme split into two phases. The drilling contract has been... 

BHP Billiton expects drilling of first new Trion well to begin in October

By: Reuters     16th February 2018 Drilling of the first new exploration well in BHP Billiton's deepwater Trion project will begin in October, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources. Australian mining and oil giant BHP Billiton won the... 

Nautilus completes production tools sea trials in PNG

By: Henry Lazenby     16th February 2018 Marine mining pioneer Nautilus Minerals has successfully completed submerged trials for its seafloor production tools (SPTs), in Papua New Guinea. "The overarching objective of the trials was to ensure that all three machines met the requirements of their respective functional design... 

Nautilus completes production tools sea trials in PNG
Photo by Nautilus Minerals
One of the SPTs under evaluation in Papua New Guinea

Call to entice investment in Canada’s exploration, mining

By: Donald Makhafola     16th February 2018 Although there was a prolonged downturn from 2012 to 2016 in the global mineral industry, the outlook for exploration financing and expenditures continues to improve. However, while there was a significant recovery globally in 2017, the recovery was only modest in Canada, says industry... 

Call to entice investment in Canada’s exploration, mining
EXPLORATION EDGE The Prospectors and Developers Association of Canada wants a conducive environment to improve Canada's mineral exploration and mining competitiveness

Lengthy permitting process affecting investment in US mining

By: Donald Makhafola     16th February 2018 The lengthy, outdated and burdensome permitting process involving federal, state and local authorities is currently the biggest barrier to new mining investment in the US, says mining-focused US trade organisation the National Mining Association (NMA). Despite having abundant mineral resources,... 

Lengthy permitting  process affecting  investment in US mining
SAFETY IS CORE The National Mining Association's mining safety initiative, Core Safety, registered zero fatalities for its 29 participating companies last year

Satellite solutions provider targets African mining industry

By: Nadine James     16th February 2018 Over the last 18 months, communications service provider SES Networks has noticed significant demand for connectivity from mining and oil and gas operations, and as a result has tried to grow its foothold within these markets. SES Networks Africa Sales VP Carole Kamaitha explains that the demand... 

Leading aerospace group offering services and products to mining

By: Rebecca Campbell     16th February 2018 European-based aerospace and defence group Airbus used the opportunity presented by the recent 2018 Mining Indaba in Cape Town to present its products and services that are relevant to the international mining industry. Systems originally developed for security and intelligence missions can be... 

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

Stratex strikes exploration deal in Turkey

By: Mariaan Webb     15th February 2018 Aim-quoted Stratex has signed an exploration agreement with a local Turkish company TET Madencilik (TET), which has committed to spend up to $1.5-million on exploration and drilling at the Hasançelebi and Doğala projects in the next two years. The projects have been noncore to Stratex’s portfolio... 

Anaconda starts work on expanded second phase of Goldboro drilling

By: Henry Lazenby     14th February 2018 Junior gold producer Anaconda Mining has started work on an expanded 7 000 m second-stage drilling campaign at its Goldboro project, in Nova Scotia. The 4 500 m drilling programme will focus on the East Goldbrook and Boston Richardson gold systems of the Goldboro deposit.  

Botswana Diamonds raises £500 000 for South Africa, Botswana exploration

By: Creamer Media Reporter      14th February 2018 Aim-listed Botswana Diamonds has raised £500 000 to fund ongoing exploration in South Africa and Botswana. The funds were raised through the issue of 50-million shares to new and existing investors at a price of 1p a share. 

Iamgold lifts gold reserves 86% as exploration investments pay off

By: Henry Lazenby     14th February 2018 TSX- and NSYE-listed miner Iamgold has made significant gains to its reserve base in 2017, lifting it 86% after accounting for depletion. "In 2017, we were able to crystallise significant gains in reserve ounces within the company, carrying on from our great work in 2016 to advance our high... 

Iamgold lifts gold reserves 86% as exploration investments pay off

Botswana Diamonds starts exploration work at Botswana JV, maintains exploration optimism

By: Mia Breytenbach     13th February 2018 Aim-listed Botswana Diamonds has started exploration work on the Sunland Minerals joint venture (JV), which it shares with Russian diamond producer Alrosa, in Botswana. The objective of the exploration programme is to follow up on 15 previously identified priority geophysical targets in PL232-235... 

Botswana Diamonds starts exploration work at Botswana JV, maintains exploration optimism
Photo by Duane Daws
Botswana Diamonds MD James Campbell

Alba secures further exploration licence in Greenland

By: Anine Kilian     9th February 2018 Aim-listed Alba Mineral Resources has been granted a mineral exploration licence in the Inglefield Land region of north-west Greenland. Inglefield Land is close to Alba's existing Inglefield mineral exploration licence and hosts a range of high value commodities, including gold. The new licence... 

MCA says trade data underscores mining’s importance to Australian economy

By: Anine Kilian     9th February 2018 Trade data from the Australian Bureau of Statistics released this week has again confirmed the importance of the mining industry to the Australian economy and the continuing benefits of the mining boom, the Minerals Council of Australia (MCA) said on Friday. The data shows that in 2017,... 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

'Every area of mining ripe for innovation' – Goldcorp

By: Henry Lazenby     9th February 2018 Every conceivable area of mining is in dire need of technological innovation, major miner Goldcorp tells Mining Weekly Online in an interview. "We are not exactly the most advanced industry in the world, and we're slow in adopting new technologies. Every area is ripe for innovation," Goldcorp's... 

'Every area of mining ripe for innovation' – Goldcorp

Aussie company moves ahead with DRC acquisition

     9th February 2018 Gold exploration  and  development  company Vector Resources has successfully completed the  due  diligence  period to buy 60% of the Adidi-Kang gold project, in the Democratic Republic of Congo (DRC), agreeing to enter into a joint venture (JV) with gold projects Mongbwalu Gold Mines SA (MGM)... 

Aussie company moves ahead with DRC acquisition
Photo by Bloomberg
GOLDEN OPPORTUNITY Resource modelling is already under way to determine a oint Ore Reserve Committee 2012-compliant resource for the Adidi-Kanga gold project

Pioneering tin project to spur regional development

By: Tasneem Bulbulia     9th February 2018 Tin exploration and mining company Alphamin Resources is aspiring to unleash the full profit and socioeconomic development potential of the company’s Bisie tin project, in North Kivu, in the Democratic Republic of Congo (DRC). The project is expected to launch Alphamin as a respected player in... 

Pioneering tin project to spur regional development
CATALYST FOR GROWTH The Bisie tin project, currently under development, is expected to unlock one of the richest tin deposits in the world

Bushveld to focus on growth at vanadium, coal assets this year 

By: Mia Breytenbach     9th February 2018 Following the achievement of significant development milestones during 2017, integrated vanadium producer Bushveld Minerals will focus on enhancing growth at its vanadium and coal assets this year. “There is a unique window of opportunity for the company to position itself as a large, vertically... 

Bushveld to focus on growth at vanadium, coal assets this year
Bushveld Minerals CEO Fortune Mojapelo discusses the strides made in the company’s portfolio in 2017 and outlines the company’s future growth plans. Camerawork: Nicholas Boyd.

eCobalt lifts flagship Idaho Cobalt resource 12.5%

By: Henry Lazenby     8th February 2018 Canadian clean cobalt project developer eCobalt has reported a 12.5% increase in the compliant measured and indicated resources at its Idaho Cobalt Project (ICP), in Idaho, following further geotechnical work. Compared with the previous resource model dated September 2017, total measured and... 

Anglo American withdraws from Highlands Pacific exploration JV

By: Creamer Media Reporter      8th February 2018 ASX-listed Highlands Pacific will regain 100% of its Star Mountain exploration tenements after global miner Anglo American has announced it will not continue with the joint venture (JV) in Papua New Guinea. In accordance with the terms of the JV, Anglo American will withdraw within 30 days and... 

Advantage Lithium stock gains 11% on positive pump-flow tests

By: Henry Lazenby     7th February 2018 The TSX-V-listed equity of lithium explorer Advantage Lithium gained more than 11% on Tuesday, after the company released the positive results of recent drilling and pump tests on the flagship Cauchari lithium brine joint venture (JV), in Argentina. The latest exploration results include the... 

Advantage Lithium stock gains 11% on positive pump-flow tests
Photo by Advantage Lithium
Advantage Lithium's Cauchari lithium-brine JV project, in Argentina

Lithium Chile expands Helados lithium brine property

By: Henry Lazenby     7th February 2018 Junior explorer Lithium Chile has added a further 5 900 ha of prospective land to its Helados lithium brine property, where near-surface brine samples have assayed up to 1 280 mg/ℓ lithium. In a news release on Tuesday, Lithium Chile stated that near-surface brine sample lithium assays from this... 

'Quarteritis’ damaging gold mining – Bristow

By: Martin Creamer     6th February 2018 ‘Quarteritis’ – short-term thinking in a long-term business – is terribly damaging, Randgold Resources CEO Dr Mark Bristow said on Tuesday. Speaking on day-two of the Mining Indaba, Bristow advocated an holistic approach to the mining of gold orebodies and bringing to an end the practice of high... 

'Quarteritis’ damaging gold mining – Bristow
Photo by Martin Creamer
Randgold Resources CEO Dr Mark Bristow

Deadline proposed for new exploration on expiring mineral leases in India

By: Ajoy K Das     6th February 2018 In a bid to derisk mineral production, the Indian government is working on amending rules and on setting a deadline for miners to complete exploration on the mineral leases that are set to expire in 2020. In the case of mining leases for iron-ore, manganese and chromite, existing lease holders... 

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