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Exploration News

Conflict-free cobalt to remain industry question, opportunity as DRC dominates supply

By: Henry Lazenby     22nd April 2017 Sourcing conflict-free cobalt for application in new technologies, such as lithium-ion batteries, will remain both a concern and an opportunity for manufacturers for years to come, as production is dominated by the politically unstable Democratic Republic of Congo (DRC). The Central African... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

By: Henry Lazenby     22nd April 2017 ‘Big money’ investors are increasingly looking to invest in the relatively small ‘new-age metals’ space, comprising metals such as lithium, graphite and cobalt, as strengthening fundamentals for these minerals and an unprecedented high-impact investment opportunity draw the potential for bonanza... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

Shanta reports higher Q1 production, improved margins

By: Mia Breytenbach     21st April 2017 Aim-listed Shanta Gold’s New Luika mine, in Tanzania, produced 20 416 oz of gold in the quarter ended March 31, improving the company’s margins and keeping it on track to meet its 2017 guidance. “Shanta had a promising start to the financial year with more ounces produced, at a greater margin... 

Strongbow’s South Crofty to revive age-old tin mining tradition in Cornwall 

By: Henry Lazenby     21st April 2017 Bolstered by strengthening tin prices and improving fundamental support in the long term, Canadian mineral exploration firm Strongbow Exploration is set to revive a mining tradition in England’s county of Cornwall, that reaches back thousands of years to the early Bronze Age. The company’s... 

Strongbow’s South Crofty to revive age-old tin mining tradition in Cornwall
Strongbow president and CEO Richard Williams discusses the prospect of reviving a Bronze Age mining tradition in Cornwall. Video: Henry Lazenby; Editing: Lionel da Silva.

Bushveld subsidiary, Chinese firm to build coal-fired power plant in Madagascar

By: Mia Breytenbach     21st April 2017 Aim-listed Bushveld Minerals subsidiary Lemur Resources has signed a memorandum of understanding (MoU) with Chinese State-owned hydropower engineering and construction company Sinohydro Corporation to codevelop an initial 60 MW independent power producer (IPP) coal-fired power plant and an... 

Bushveld subsidiary, Chinese firm to build coal-fired  power plant in Madagascar
Photo by Bloomberg
POWER SOURCE Lemur Resources’ mine in southern Madagascar is expected to supply coal to the Imaloto Independent power producer plan

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Despite slower growth, China still key market for miners and Africa

Parties in joint initiative to improve geodata accessibility, usability in East Africa

By: Dylan Slater     21st April 2017 Exploration and Earth sciences company Geosoft is participating in a pilot project aimed at improving the availability, accessibility and usability of geoscientific data (geodata) to guide resource investment in the East African region.  

Parties in joint initiative to improve geodata accessibility,  usability in East Africa
UGANDA WORKSHOP The pilot project and Uganda-hotsed geodata portal will be conducted under the auspices of the African Union Commission

Peru uranium/lithium mine to come on stream in 2020 – developer

By: Ilan Solomons     21st April 2017 Project developer Plateau Uranium aimed to have its Macusani Plateau uranium and lithium project, in Peru, in production by 2020 to be prepared to take advantage of analysts’ forecasts of a uranium supply deficit by then, said president and COO Dr Laurence Stefan at a seminar hosted by the... 

Peru uranium/lithium mine to come on stream in 2020 – developer
Photo by Plateau Uranium
MACUSANI PLATEAU EXPLORATIONS About C$50-million has been spent on historical exploration workings on the project to date

Test production starts at Mowana

     21st April 2017 Africa-focused gold and copper exploration and development company Alecto Minerals has started test production at its Mowana copper project, in Botswana, after initial commissioning at the project’s process plant, says CEO Mark Jones. He notes that Alecto is moving at speed to deliver continuous... 

Test production starts at Mowana
Photo by Bloomberg
NOTABLE PRODUCE The atmosphere on site at the Mowana copper project in Botswana is buoyant, with the plant producing saleable concentrate up to 28% copper

Quebec govt approves Canadian Malartic openpit expansion

By: Henry Lazenby     20th April 2017 The Quebec provincial government, under the leadership of Quebec Liberal Party premier Philippe Couillard, has approved the proposed $200-million expansion of the Canadian Malartic mine, owned and operated in a 50:50 joint venture by Agnico Eagle Mines and Yamana Gold. The expansion will see the... 

Oz goes on the hunt in Mexico

By: Esmarie Swanepoel     19th April 2017 Copper-gold miner Oz Minerals has entered into a new exploration agreement in Southern Mexico, targeting three newly identified high base metal prospects. “The sites we are targeting have potential for shallow, high-value per tonne, volcanic-hosted massive sulphide (VHMS) deposits. VHMS deposits... 

Americas Silver gains momentum in transition to low-cost producer by 2018

By: Henry Lazenby     19th April 2017 Bolstered by improving silver and base metals prices, junior miner Americas Silver is in the home stretch to deliver on a four-year turnaround strategy at its two operating mining complexes in Sinaloa state, Mexico and Idaho, in the US. “We have a lot of intrinsic value that’s about to be... 

Americas Silver gains momentum in transition to low-cost producer by 2018

Rare resources discovered in Queensland

By: Esmarie Swanepoel     18th April 2017 Queensland could likely play host to a number of rare minerals, as geologists have unearthed evidence suggesting the presence of platinum and gold as well as rare earth elements (REE). “This may be a whole new frontier for Queensland,” Natural Resources and Mines Minister Dr Anthony Lynham said... 

Osisko picks future Windfall Lake mill site in Lebel-sur-Quévillon, Quebec

By: Henry Lazenby     14th April 2017 Montreal-based Osisko Mining has identified a site near Lebel-sur-Quevillon, in Quebec, for the future mill complex that will treat ore from its flagship Windfall Lake gold project. Osisko stated Wednesday it intends to evaluate the site location through the environmental assessment process and... 

Noront, Marten Falls First Nation ink exploration and project advancement agreement

By: Henry Lazenby     14th April 2017 The largest landholder in the so-called Ring of Fire, an emerging base and precious metals mining camp in Northern Ontario, has signed an exploration and project advancement agreement with the Marten Falls First Nation (MFFN). The accord stipulates compensation for work already completed on... 

Economics of proposed agreement ‘very attractive’

     14th April 2017 If finalised, a tribute agreement between West Africa-focused diamond development company Stellar Diamonds and diamond mining company Octea Mining will see Stellar simultaneously mine both its wholly-owned Tongo project and the adjacent Tonguma project, in eastern Sierra Leone, with the company... 

Economics of proposed agreement ‘very attractive’
Photo by Reuters
POSSIBLE TRIBUTE AGREEMENT The agreement will allow Stellar to mine the Tonguma licence area alongside the company’s own Tongo project and process and sell any diamonds mined from these concessions

Geospatial surveys the solution to map West Africa

By: Johane Turkstra     14th April 2017 Airborne geophysics can cost effectively uncover valuable metal deposits in largely underexplored West Africa to allow for growth in the region’s mining sector, airborne electromagnetic technology pioneer Spectrem Air geophysics manager Dr David Khoza tells Mining Weekly. “Countries like Ghana,... 

Geospatial surveys the solution to map West Africa
DAVID KHOZA Airborne geophysics is the most cost-effective method to produce a geological map that can be used in follow-up exploration

Gold explorer appoints West Africa-wise adviser to board

     14th April 2017 Canadian gold explorer Asante Gold has appointed professional prospector Eric Ewen, a veteran in the exploration and discovery of gold and base metals in Canada and West Africa, with historical links to the company’s Ghanaian projects, as a consultant and adviser to its board of directors. Asante... 

Gold explorer appoints West Africa-wise  adviser to board
ERIC EWEN The initial exploration manager for Asante’s southern former PMI Gold Asankrangwa properties

Guinea stable, predictable investment destination – Ministry

By: Johane Turkstra     14th April 2017 Guinea is suitable for mining investment, says the Guinea Ministry of Mines and Geology, which will host Symposium Mines Guinea 2017 in Conakry, the country's capital, next month, in partnership with emerging markets-focused business-to-business event organiser AME Trade. The Ministry says the... 

Guinea stable,  predictable investment destination – Ministry
SHARING VISION The yearly Sumposium Mines Guinea conference reflects government of Guinea’s vision of transformational investment

Law firm aides two major Guinea projects

     14th April 2017 Global law firm Norton Rose Fulbright’s teams in London, New York, Paris, Singapore and Washington have successfully advised on two mining projects in Guinea. The team assisted bauxite producer Compagnie des Bauxites de Guinée (CBG) in reaching financial close for the financing of its Sangaredi... 

Law firm aides two  major Guinea projects
Photo by Bloomberg
CASHED UP Compagnie des Bauxites de Guinée reached financial close for the financing of its Sangaredi bauxite mine’s expansion

Liberian gold miner driving near-mine satellite exploration

     14th April 2017 TSX- and Aim-listed West African gold producer Avesoro Resources points to a strong outlook for 2017, with its main aim for the year being the discovery of additional mineable satellite resources within close proximity to its New Liberty gold mine, in Liberia. With numerous high potential targets... 

Liberian gold miner driving near-mine satellite exploration
GOLD MINE New Liberty has an estimated gold reserve of 8.5-million tons containing 924 000 oz of gold, grading 3.4 g/t

Mali lithium project developments ‘great endorsement’

     14th April 2017 A potential second placing worth about £4.3-million with trading company Suay Chin International, if completed, will ensure that West Africa-focused mineral exploration and development company Kodal Minerals is well funded to produce initial mineral resource estimates at its Bougouni lithium... 

Mali lithium  project developments ‘great endorsement’
Photo by Bloomberg
LITHIUM DEMAND Suay Chin was formed to take advantage of its extensive connections to supply the Chinese lithium market

Niangouela drill programme expanded

     14th April 2017 The Phase 1 diamond drill programme at the Niangouela gold project, in Burkina Faso, has  been expanded by an additional 1 km to test the primary quartz vein and associated shear zone at depth and along strike. Vancouver-based gold exploration and development company Nexus Gold Corporation... 

Niangouela drill  programme expanded
GOLD EXPLORATION The current work programme at Niangouela has assisted the company in understanding and streamlining its exploration efforts in Burkina Faso

Revised mine plan, updated reserves extend life of Tanzania gold mine

By: Mia Breytenbach     14th April 2017 East Africa-focused gold producer, developer and explorer Shanta Gold has announced a revised mine plan for its New Luika gold mine, in Tanzania, for January 2017 to December 2023, as well as an updated reserve plan for the mine. “The revised mine plan highlights the true prospectivity and future... 

Revised mine plan, updated reserves extend life of Tanzania gold mine
Photo by Bloomberg
PRODUCTION INCREASE The revised mine plan is expected to result in a 39% increase in forecast gold production from 2017 to 2023, from 359 000 oz to 500 000 oz

Strong lithium prices predicted until at least 2021

By: Ilan Solomons     14th April 2017 Lithium prices are likely to remain elevated at around $9 500/t till at least 2021, which is a significant increase on its historic pricings of $6 500/t. This is attributable to rising demand and impending supply deficits from 2019, says lithium and rare earth elements assets developer Cadence... 

Strong lithium prices predicted until at least 2021
Photo by Reuters
IN DEMAND Cadence Minerals believes that the increased demand for electric vehicles is a significant driving force behind the increased demand for lithium worldwide

Sierra Metals lifts Bolivar, Cusi resources

By: Henry Lazenby     13th April 2017 Toronto- and Lima-listed Sierra Metals has updated the compliant resources and reserves for both its Bolivar and Cusi copper mines, in Mexico’s Chihuahua state. At Bolivar, the Toronto-based miner reported a new probable reserve of 4.3-million tonnes grading 1.18% copper equivalent comprising... 

Giyani to start exploration of new ‘proof of concept’ Botswana manganese mine

By: Henry Lazenby     13th April 2017 Exploration firm Giyani Gold will undertake a field exploration campaign on its newly acquired brownfields Kgwakgwe Hill manganese mine, located in the Kanye basin of south-eastern Botswana, to test its thesis that manganese deposits exist in Botswana. The TSX-V-listed company has acquired six... 

Belo Sun stock sinks on another Brazilian interim suspension order

By: Henry Lazenby     12th April 2017 The TSX-listed stock of Brazil-focused project developer Belo Sun Mining lost more than 18% on Wednesday morning, following an announcement that the Brazilian Federal Regional Court has issued an interim suspension order halting construction of the flagship Volta Grande project pending completion... 

Belo Sun stock sinks on another Brazilian interim suspension order
Photo by Belo Sun Mining
Exploration at the Volta Grande project, in Brazil, has lifted resources above five-million ounces of gold

Funding under way for revival of old Prieska zinc-copper potential

By: Martin Creamer     12th April 2017 Funding efforts aimed at reviving the old Northern Cape mining area endowed with significant zinc and copper potential are gaining momentum. Acknowledged as the host of one of world’s most noteworthy volcanogenic massive sulphide (VMS) base metal deposits, the Prieska area has a well-recorded... 

Perseus makes positive start to 2017, as Edikan’s Q1 production rises 51% q/q

By: Mia Breytenbach     12th April 2017 Dual-listed gold miner Perseus Mining has made a positive start to 2017, with 48 655 oz of gold produced in the quarter ended March 31. Production for the quarter was 51% higher than that produced in the December 2016 quarter, with the Edikan mine, in Ghana, on track to achieve its production... 

Perseus makes positive start to 2017, as Edikan’s Q1 production rises 51% q/q
Photo by Bloomberg
Perseus Mining CEO Jeff Quartermaine

LatAm water scarcity, pollution to drive more stringent enviro rules

By: Henry Lazenby     12th April 2017 New analysis by the research arm of the Fitch Group, BMI, forecasts water scarcity and contamination in Latin America will drive increasingly stringent environmental regulations in the region over the coming years. While increasing the costs for miners and delaying certain projects, the focus on... 

LatAm water scarcity, pollution to drive more stringent enviro rules

Northern Dynasty’s US unit gets Alaska land use permit

By: Henry Lazenby     12th April 2017 The US-based unit of Northern Dynasty Minerals, the Pebble Limited Partnership (PLP), has received approval for a miscellaneous land use permit (MLUP) from the Alaska Department of Natural Resources (DNR) for its ongoing activities at the Pebble project, in south-west Alaska. One of the largest... 

Bluejay delivers compelling maiden mineral resource estimate for emerging Pituffik titanium project

By: Natasha Odendaal     10th April 2017 Aim- and Frankfurt Stock Exchange-listed Bluejay Mining is “immediately” working to finalise a range of work programmes, including the internal feasibility study, following the completion of the maiden mineral resource estimate for its Pituffik titanium project, in Greenland. “This is an... 

Oz Minerals hunts for copper in Portugal

By: Esmarie Swanepoel     10th April 2017 Copper/gold miner Oz Minerals has inked an earn-in agreement with TSX-V-listed Avrupa Minerals over its Alvito copper/gold project, in Portugal. Under the agreement, Oz Minerals can earn a 51% interest in the project through a minimum spend of A$1-million on exploration in the first year of the... 

Triton ups graphite resource in Moz

By: Esmarie Swanepoel     10th April 2017 Graphite developer Triton Minerals has reported an 87% increase in the graphite resource at its Ancuabe project, in Mozambique. The total indicated and inferred mineral resource at Ancuabe has increased to 27.9-million tonnes, at an average grade of 6% total graphitic carbon, for 1.7-million... 

Avalon on the hunt in Ecuador

By: Esmarie Swanepoel     10th April 2017 Metals explorer Avalon Minerals has signed a letter of agreement with TSX-V-listed Cornerstone Capital Resources over the Bramaderos project, in Ecuador. Avalon will earn an initial 51% interest in the mineral rights at the Bramaderos concession by paying $50 000 to Cornerstone subsidiary La... 

Project developer Energizer Resources to morph into NextSource Materials

By: Henry Lazenby     8th April 2017 Effective from April 19, Madagascar-focused graphite project developer Energizer Resources will rebrand to NextSource Materials in an effort to better reflect the company’s evolution from an exploration-stage company into a mine-development company. Management also believes the new name will... 

Leagold closes $350m acquisition of Los Filos mine, Mexico

By: Henry Lazenby     8th April 2017 Canadian project developer Leagold Mining has completed the acquisition of the Los Filos gold mine, in Mexico, for $350-million from compatriot major miner Goldcorp. "Today marks a strong beginning for Leagold with the Los Filos mine becoming our platform for growth. We have transformed into a... 

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