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Exploration News

Katoro adds Lidar survey to Imweru PFS

By: Natasha Odendaal     Updated 2 hours 26 minutes ago Aim-listed Katoro Gold has expanded the prefeasibility study (PFS) of its Imweru gold project, in Tanzania, to include a light detection and ranging (Lidar) survey. The Lidar survey, which has been commissioned without compromising the timeline or budget, will use pulsed laser light to create a... 

Semafo chairperson passes

By: Henry Lazenby     24th November 2017 West Africa-focused gold miner and regional explorer Semafo announced the sudden passing of its chairperson Jean Lamarre on Wednesday, following a short illness. Lamarre joined the company’s board in 1997 and was appointed chairperson in 2000, a position he held until his demise. 

Atlas Copco splits into entities focusing on mining and civil engineering, and the industrial market

By: Dylan Slater     24th November 2017 Construction and mining equipment manufacturer Atlas Copco has started a process to divide the company into two separate entities – Atlas Copco and Epiroc. Epiroc will remain a subsidiary of Atlas Copco.  

Atlas Copco splits into entities focusing on mining  and civil engineering, and the industrial market
SANJAY AHUJA Epiroc is now a house where we can live and breathe mining and rock excavation

Various Moz mining projects making progress

By: Keith Campbell     24th November 2017 The Mozambican Government has approved a resolution authorising Capitol Resources, a subsidiary of British miner Baobab Resources, to undertake mining and related operations in the Chiúta district of Tete province, according to a statement by Cabinet spokesman Armindo Ngunga. The planned... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of the large mineral deposits having been discovered worldwide, and in many cases reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Agromining may provide new opportunities to extract remaining value from mined land

New tin player aiming to achieve steady-state production at Namibian project within 12 months 

By: Mia Breytenbach     24th November 2017 Diversified mineral development company Bushveld Minerals’ tin platform AfriTin Mining, which has assets in Namibia and South Africa, will focus on becoming “The Africa tin champion” by bringing its flagship Uis tin project, in Namibia, to commercial production, says AfriTin Mining CEO Anthony... 

New tin player aiming to achieve steady-state production at Namibian project within 12 months
Afritin Mining CEO Anthony Viljoen discusses newly- Aim-listed Afriting Mining and its strategies.

LSC to acquire Alqa Lihtium, add 2 595 ha in the Salar de Salinas Grandes

By: Henry Lazenby     23rd November 2017 Lithium exploration junior LSC Lithium has entered into a binding contract to acquire all of the outstanding equity of Alqa Lithium, which owns a 100% stake in the Mina Teresa project that comprises 2 595 ha in the Salar de Salinas Grandes, in Jujuy province, Argentina. Under terms of the... 

South32 bullish on aluminium, manganese, energy coal prospects

By: Mia Breytenbach     23rd November 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 bullish on aluminium, manganese, energy coal prospects
Photo by Bloomberg
South32 CEO Graham Kerr

Savannah reports 'significant' lithium intersections at Portugal project

By: Creamer Media Reporter      22nd November 2017 The reverse circulation (RC) drill programme for the Mina do Barroso lithium project, in Portugal, has returned significant intersections of lithium mineralisation, Aim-quoted Savannah Resources reported on Wednesday. The company has completed a further 27 holes f 

Toral exploration licence renewed

By: Creamer Media Reporter      22nd November 2017 ASX- and Aim-listed Ferrum Crescent has been granted a renewed, three-year exploration licence for its Toral project, in Spain, effectively resetting the “exploration clock” for the lead/zinc assets. Ferrum Crescent subsidiary GoldQuest Iberica, which is the holder of the Toral exploration... 

Berkut says maiden Norway drilling programme on schedule

By: Creamer Media Reporter      22nd November 2017 ASX-listed Berkut Minerals is advancing its maiden diamond drill programme at its Skuterud cobalt project in Norway, with the final hole of a six-hole programme currently under way at the historic Middagshville prospect in the southern licence. This will be followed by a single hole at the... 

Canadian federal agency rejects NGO complaint regarding KSM project permitting process

By: Henry Lazenby     21st November 2017 A Canadian federal agency has rejected a request for review (RfR) by nongovernmental organisation (NGO) the Southeast Alaska Conservation Council (SEACC) of the permitting process regarding Seabridge Gold’s Kerr-Sulphurets-Mitchell (KSM) project, in British Columbia. The Canadian National Contact... 

Altus to acquire Legend Gold

By: Anine Kilian     21st November 2017 Aim-listed Altus Strategies has executed a definitive binding agreement to acquire TSX-V-listed Legend Gold, which holds a portfolio of prospective gold exploration projects in western and southern Mali. It has offered Legend shareholders three of its shares for every Legend share held. 

Savannah completes construction of Mutamba pilot plant, commissioning under way

By: Mia Breytenbach     20th November 2017 Aim-listed resource development company Savannah Resources has completed construction of the pilot plant for its bulk metallurgical test work programme at the Mutamba mineral sands project, in Mozambique. The Mutamba project, located in the Gaza and Inhambane provinces, is being developed in a... 

Savannah completes construction of Mutamba pilot plant, commissioning under way
The Mutamba mineral sands project, in Mozambique

Sampling confirms lithium in Namibia – Montero

By: Martin Creamer     17th November 2017 Exploration and development company Montero, which is putting mineralisation to the test in Namibia in search of a lithium resource, on Friday confirmed the presence of the soft silver-white metal in central Namibia. “Montero’s first channel sampling programme has confirmed lithium,” Montero CEO... 

Sampling confirms lithium in Namibia – Montero
Montero CEO Dr Tony Harwood

Venturex raises A$4m from investors

By: Esmarie Swanepoel     17th November 2017 Metals explorer Venturex Resources will raise some A$4-million through an institutional placement to advance its Sulphur Springs copper/zinc project, in Western Australia. The company on Friday said that it would place some 222-million shares, at 1.8c each to institutional and sophisticated... 

Barra raises cash for Mt Thirsty

By: Esmarie Swanepoel     17th November 2017 Junior metals explorer Barra Resources will raise A$1-million through a share purchase plan (SPP) to advance its Mount Thirsty cobalt project, in Western Australia, to beyond the recently completed scoping study. The SPP will allow shareholders to subscribe for up to A$15 000 worth of new... 

Argentina Lithium embarks on 10 000 m drill campaign; open to more acquisitions 

By: Henry Lazenby     17th November 2017 TSX-V-listed lithium explorer Argentina Lithium on Thursday announced that it has appointed a new project manager to oversee a 10 000 m exploration drilling campaign at its two active projects in Argentina – located within the prospective Arizaro and Incahuasi salars. The Vancouver-headquartered... 

Argentina Lithium embarks on 10 000 m drill campaign; open to more acquisitions
Argentina Lithium president and CEO Nikolaos Cacos discusses the company’s new 10 000 m exploration drilling campaign spread over its two main lithium assets, in Argentina. Video: Henry Lazenby; Editing: Lionel da Silva.

Regulatory uncertainty results in inability to comply

By: Nadine James     17th November 2017 Given the uncertainty surrounding the interpretation of the National Environmental Management Act’s (Nema’s) Financial Provision Regulations, most mining companies have decided to wait until the regulations have been finalised before allocating resources to become compliant, says underwriting... 

Regulatory uncertainty results in inability  to comply
LEENTIE SMIT Financial guarantee solutions allow mining clients to fund the mining rehabilitation liability over a period that takes into consideration life-of-mine

Consultancy looks to reduce cost of complying with new regulations

By: Nadine James     17th November 2017 Mining consultancy The MSA Group is liaising with various industry players including mining companies, insurers, law and auditing firms to establish a consistent approach to assessing and reviewing mine closure liability. They believe that this collaboration will result in greater understanding... 

Consultancy looks to reduce cost of complying with new regulations
RECLAIMED BY NATURE The new, stricter regulations are likely owing to the Department of Mineral Resources being responsible for the rehabilitation close to 6 000 abandoned mines

Financial provisioning regulations a game changer – law firm

By: Nadine James     17th November 2017 The National Environmental Management Act’s (Nema’s) Financial Provisioning Regulations are a game changer because of the level of detail they require from mining companies, as well as the increased levels of liability they have established, says mining law firm Webber Wentzel. Webber Wentzel... 

Financial provisioning regulations a game changer – law firm
GARYN RAPSON The new laws have changed the rules surrounding mine closure in fundamental ways

'A good number of investors' considering countries offering better return-on-investment prospects than SA

By: Dylan Slater     17th November 2017 Mining policies imposed by the Department of Mineral Resources (DMR) on local industry are creating increased uncertainty for investors, a growing number of whom are considering investing in mining projects and exploration in other countries, with a greater chance of a healthier return on... 

'A good number of investors' considering countries offering better return-on-investment prospects than SA
Photo by Duane Daws
PAUL MILLER A significant volume of additional capital needs to be earmarked for every new mining project to account for risk associated with policy uncertainty

Mkango shares jump on Talaxis investments

By: Natasha Odendaal     16th November 2017 The share price of Mkango Resources on the LSE surged by up to 135% on Thursday afternoon after the company reported securing a £12-million direct investment that will enable the funding of a bankable feasibility study (BFS) for its Songwe Hill rare-earth project, in Malawi. The company’s shares... 

Mkango shares jump on Talaxis investments

Orion initiates hitech regional exploration in Northern Cape

By: Martin Creamer     16th November 2017 Sydney- and Johannesburg-listed company Orion Minerals will from November 26 initiate an airborne survey across a large area of South Africa’s Northern Cape as part of a regional exploration programme that will make use of the latest available technology in an area last explored in the 1980s.... 

Orion initiates hitech regional exploration in Northern Cape
A SkyTEM survey operation.

Cazaly changes focus at Mt Venn

By: Esmarie Swanepoel     16th November 2017 Junior Cazaly Resources is reviewing the base metal potential of its Mount Venn project, in Western Australia, after fellow-listed Great Boulder Resources discovered copper/nickel/cobalt mineralisation at its own Yamarna project. The results from Great Boulder’s first nine holes at its Yamarna... 

GoviEx Uranium granted exploration permit for Agaliouk tenement

By: Creamer Media Reporter      15th November 2017 TSX-V-listed GoviEx Uranium has been granted an exploration permit for its Agaliouk tenement, adjacent the Madaouela project, in Niger. Agaliouk adds 11.67-million pounds triuranium octoxide (U3O8) in the measured and indicated categories and 9.35-million pounds U3O8 in the inferred category to... 

Walkabout buys Lonmin’s Northern Ireland exploration portfolio

By: Esmarie Swanepoel     15th November 2017 Graphite developer Walkabout Resources on Tuesday announced its plans to diversify its exploration portfolio, with the acquisition of platinum miner Lonmin’s Northern Ireland exploration portfolio. Under the terms of the transaction, Walkabout acquired Lonmin’s Northern Ireland exploration... 

Walkabout buys Lonmin’s Northern Ireland exploration portfolio

Liontown to drill Kathleen Valley

By: Esmarie Swanepoel     15th November 2017 Lithium hunter Liontown Resources has been granted consent by the Minister of Aboriginal Affairs to start drilling at the Kathleen Valley lithium project, in Western Australia. The company on Wednesday told shareholders that it would now lodge a programme of works with the Department of Mines... 

Trek raises cash, acquires Arunta project

By: Esmarie Swanepoel     15th November 2017 Junior explorer Trek Metals has acquired unlisted Elm Resources in a deal valued at A$300 000. Elm Resources is the owner of the Arunta lithium and cobalt project, in the Northern Territory, which includes seven exploration licenses applications totaling 5 274 km2. 

Gowest aims to unlock refractory gold potential of legendary Timmins Camp

By: Henry Lazenby     14th November 2017 Little-known exploration and development company Gowest Gold is preparing to become the newest gold producer in the legendary Timmins Gold Camp, which, since its discovery in the early 1900s, has produced almost half of all the gold mined in Canada. The TSX-V-listed company is moving its North... 

Gowest aims to unlock refractory gold potential of legendary Timmins Camp
Photo by Gowest Gold
Construction underway at Gowest Gold's North Timmins gold project, in Ontario

Brazil-focused Serabi to bolt-on Anfield’s Coringa gold project for $22m

By: Henry Lazenby     14th November 2017 Dual-listed mining and development company Serabi Gold is looking to double output with the acquisition of the Coringa gold project, located in the Tapajos gold province of Para state, in Brazil. The LSE Aim- and TSX-listed miner announced early on Tuesday morning that it will acquire the... 

Brazil-focused Serabi to bolt-on Anfield’s Coringa gold project for $22m
Photo by Anfield Gold
Drill core from Anfield Gold's Coringa project, in Brazil, which is being acquired by Serabi Gold for $22-million

Alphamin eyes AltX listing, proposes final $50m raising for Bisie construction

By: Natasha Odendaal     14th November 2017 TSX-V-listed Alphamin Resources is working to jump the final funding hurdle for its Bisie tin project, in the North Kivu province of the Democratic Republic of Congo, through a secondary inward listing on the AltX of the JSE. The exploration and development company has already raised or secured... 

Alphamin eyes AltX listing, proposes final $50m raising for Bisie construction

Atlatsa incurs $292m loss

By: Martin Creamer     14th November 2017 Toronto- and Johannesburg-listed platinum-mining company Atlatsa, which has platinum assets on the northern and eastern limbs of the Bushveld Complex, incurred a net loss of $292.6-million in the nine months to September 30, when its liabilities exceeded its assets by $142.5-million. The main... 

Atlatsa incurs $292m loss
Photo by Duane Daws
Atlatsa chief commercial officer Joel Kesler

Exploration boosts Ariana’s confidence in Salinbas project

By: Creamer Media Reporter      14th November 2017 Turkey-focused explorer Ariana Resources is encouraged by the results of its latest exploration across the so-called hot gold corridor in Turkey, where its one-million-ounce Salinbas project is located. The Salinbas gold project comprises the Salinbas gold/silver deposit and the Ardala... 

Kalamazoo increases resource at Mixy

By: Esmarie Swanepoel     14th November 2017 Junior Kalamzoo Resources has reported 63% increase in the contained metal estimate at its flagship Mixy project, in Western Australia. The explorer told shareholders that an updated mineral resource has seen an 85% increase in grades and a 13% increase in tonnage at Mixy, with the project now... 

Endeavour expands mineralised zones at key Burkina Faso mines

By: Henry Lazenby     14th November 2017 West Africa-focused gold producer Endeavour Mining has expanded the mineralised trends at both its Houndé and Karma gold mines, in Burkina Faso, the company announced on Monday. At its flagship Houndé operation, which declared commercial production ahead of schedule and below budget on November... 

Karlawinda resource increases

By: Esmarie Swanepoel     13th November 2017 Gold junior Capricorn Metals has reported a 20% increase in the Karlawinda mineral resource, in Western Australia, following an exploration and resource drilling programme between May and July this year. The project is now estimated to host a mineral resource of 38.3-million tonnes, at 1.1 g/t... 

Namibia Rare Earths expands metals portfolio

By: Henry Lazenby     10th November 2017 TSX-V-listed project developer Namibia Rare Earths has signed an agreement with private firm Gecko Namibia to acquire a controlling interest in a portfolio of seven metals properties, thereby expanding its focus from heavy rare earths to include cobalt, copper, zinc, lithium, graphite, tantalum,... 

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