R/€ = 13.77 Change: -13.63
R/$ = 13.01 Change: -12.88
Au 1252.92 $/oz Change: -10.35
Pt 1029.00 $/oz Change: -15.50

Exploration News

Botswana Diamonds raises funds as exploration activities gain momentum

By: Anine Kilian     27th February 2017 Aim-listed Botswana Diamonds has raised £525 000 through the placing of 35-million new ordinary shares at 1.5p a share. The net proceeds of the placing will be used to fund ongoing kimberlite drilling at its Frischgewaagt property in South Africa, drilling in Botswana, exploration work in South... 

AMEC welcomes increase in Australia’s greenfield exploration

By: Esmarie Swanepoel     27th February 2017 The Association of Mining and Exploration Companies (AMEC) has welcomed new data from the Australian Bureau of Statistics (ABS) that confirmed mineral exploration was on the upturn. The ABS on Monday reported that total mineral exploration expenditure had increased by 3.4%, or A$12-million, in... 

AMEC welcomes increase in Australia’s greenfield exploration

Carpentaria boosts Hawsons resource

By: Esmarie Swanepoel     27th February 2017 Junior Carpentaria Exploration has reported a near four-fold increase in the indicated resource at its Hawsons iron-ore project, on the border of New South Wales and Victoria. Drilling at the Hawsons project has added some 119-million tonnes to the total resource, bringing the resource to... 

Tawana cements Ball Hill farm-in

By: Esmarie Swanepoel     24th February 2017 ASX-listed Tawana Resources has finalised the farm-in agreement with Singapore-listed Alliance Mineral Assets over the Bald Hill lithium and tantalum project, in Western Australia. The final farm-in agreement cemented the terms of the binding term sheet, and would see Tawana spend a minimum of... 

Red Mountain raises cash for US project

By: Esmarie Swanepoel     24th February 2017 ASX-listed junior Red Mountain Mining will raise A$1.75-million to progress its Red Valley lithium project, in the US. The company on Friday announced the placement of some 23.3-million shares, at 2.9c each, under its placement capacity, with a further 34.6-million shares to be placed at 3.1c... 

Argonaut secures 420 ha mineral concession from Fresnillo

By: Henry Lazenby     24th February 2017 TSX-listed Argonaut Gold has secured 420 ha of land under mineral concessions owned by a subsidiary of Fresnillo, and which covers known projections of mineralisation that are part of its 100%-owned El Castillo mine, in Mexico. Argonaut subsidiary Minera Real Del Orohas has entered into an... 

Alamos narrows Q4 loss as buoyant outlook bolsters guidance

By: Henry Lazenby     24th February 2017 Intermediate Canadian miner Alamos Gold on Thursday reported a net loss of $20.6-million, or $0.08 a share, for the three months ended December 31, citing stronger earnings from operations, offset by unrealised foreign exchange losses in both the foreign exchange and the deferred tax items. This... 

Lithium X's JV receives Argentinian pond construction permit

By: Henry Lazenby     23rd February 2017 Junior lithium explorer and project developer Lithium X's joint venture (JV) with Salta Exploraciones (SESA), at the flagship Sal de los Angeles project, in Argentina, has received permits to build an initial ponding facility. The Vancouver-based company this week said the initial ponding... 

BC confirms mineral exploration tax credits in 5th balanced budget

By: Henry Lazenby     22nd February 2017 The British Columbia provincial government on Tuesday unveiled its fifth consecutive budget in the black, confirming critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark. The 2017/18 budget, which is expected to run a C$295-million... 

BC confirms mineral exploration tax credits in 5th balanced budget
Photo by Geoscience BC
The British Columbia provincial government has confirmed critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark

Giyani sees ‘company maker’ potential in Botswana manganese claims

By: Henry Lazenby     21st February 2017 Canadian junior explorer Giyani Gold is strategically repositioning to take advantage of the rising tide in the energy metals market. After dabbling in several project opportunities in recent years, including an oil and coal infrastructure opportunity in Turkey, and gold exploration in... 

Giyani sees ‘company maker’ potential in Botswana manganese claims
Photo by Duane Daws
Giyani Gold executive chairperson and CEO Duane Parnham believes the company's manganese prospects in Botswana hold “company maker” potential

India identifies 50 mineral blocks for private explorers

By: Ajoy K Das     21st February 2017 India’s Mines Ministry has identified 50 mineral blocks to be offered to private exploration companies under the new National Mineral Exploration Policy (NMEP). The NMEP, unveiled last year, paves the way for the entry of private companies into minerals exploration in India. The Ministry expects... 

Cape Lambert enters into JV to develop DRC copper/cobalt projects

By: Esmarie Swanepoel     21st February 2017 ASX-listed Cape Lambert has inked a joint venture (JV) agreement with Congolese company Paragon Mining to develop the Kipushi cobalt-copper tailings project, the Kasombo copper-cobalt project and operate the Kipushi processing plant, in the Democratic Republic of Congo (DRC). The JV will operate... 

Angola seeks to boost its mining sector

By: Keith Campbell     17th February 2017 The State-owned Empresa Nacional de Diamantes de Angola (Endiama – National Diamond Company of Angola) will not need additional investors to develop its Luaxe project, assured company President António Carlos Sumbula at the Angola Business Forum during the recent Mining Indaba in Cape Town.... 

Convention aims to bridge communication gap

By: Simone Liedtke     17th February 2017 As a continually evolving industry that operates globally, sometimes the biggest difficulty for the mining industry is getting the right people together in one place to discuss their challenges and find ways to address and, ultimately, overcome them, says Prospectors and Developers Association of... 

Convention aims to bridge communication gap
EIGHTY-FIFTH CONVENTION Prospectors and Developers Association of Canada's 2017 convention will feature more than 400 exhibitors at the investors exchange and 500 at the trade show

Critical minerals project awaits funding for construction

By: Simone Liedtke     17th February 2017 With cobalt trading above $17/lb and trending higher toward longer-term averages, project developer Fortune Minerals saw this as an opportune time to secure the project financing needed to build its Nico project, in Canada. 

Critical minerals  project awaits funding for construction
COBALT SULPHATE Cobalt-based lithium-ion battery chemistries deliver superior energy density for power and performance

Rehabilitation plan important for proper project management

By: Victor Moolman     17th February 2017 Rehabilitation should be included and budgeted for in a project’s initial mine plan to ensure proper project management over the entire mine life cycle, says nonprofit organisation Land Rehabilitation Society of South Africa (LaRSSA) president Raina Hattingh. 

Rehabilitation plan important for proper project management
Photo by Victor Moolman
OFTEN NEGLEGTED Unfortunately, the need for including rehabilitation components early on in mine plans is often neglected in South Africa

Barrick lifts dividend as earnings beat forecast

By: Henry Lazenby     16th February 2017 VCanada’s Barrick Gold, the world’s largest gold producer by volume, announced on Wednesday that it has made significant progress on initiatives to repair its debt-laden balance sheet, declaring a higher dividend to shareholders and renewing its focus on exploration spending. The Toronto-based... 

Barrick lifts dividend as earnings beat forecast

MAG Silver reports strong exploration results at Mexico JV project

By: Henry Lazenby     14th February 2017 Precious metals-focused explorer MAG Silver has reported strong results from 13 exploration and infill drill holes that further extend wide, high-grade mineralisation in the deep zones of the Valdecañas vein system, on the Minera Juanicipio joint venture (JV) project, in which it holds a 44%... 

Seabridge expands Nevada footprint

By: Henry Lazenby     14th February 2017 Canadian project developer Seabridge Gold plans to acquire Paulson Gold Holdings’ Snowstorm project, located on the prospective intersection of three of the most important gold trends, the Carlin, Getchell and Northern Nevada Rift Zone trends, in Northern Nevada. The Snowstorm property comprises... 

Kumba applying exploration-to-beneficiation technology 

By: Martin Creamer     14th February 2017 South Africa’s biggest iron-ore mining company Kumba Iron Ore intends maximising the return potential of its assets through productivity initiatives, accompanied by ongoing robust cost management. It intends ensuring disciplined capital allocation, prioritising the reinstatement of dividend... 

Kumba applying exploration-to-beneficiation technology
Mining Weekly Online’s Martin Creamer at the Kumba Iron Ore results presentation by CEO Themba Mkhwanazi and outgoing CFO Frikkie Kotzee. Video and Video Editing: Nicholas Boyd.

Eric Sprott takes strategic stake in Northern Superior Resources

By: Henry Lazenby     13th February 2017 Precious metals investor Eric Sprott will invest C$2-million in gold explorer Northern Superior Resources, which is also undertaking a private placement financing in parallel to raise up to C$2.5-million. The Sudbury, Ontario-based company said it plans to spend the proceeds on exploration work... 

McEwen Mining to buy Lexam VG

By: Henry Lazenby     13th February 2017 Precious metals miner McEwen Mining will acquire Lexam VG Gold under a plan of arrangement in an all-scrip deal valued at about $54-million. McEwen Mining will pay a 30% premium to Lexam shareholders based on the TSX-listed stock’s 30-day volume weighted average price on Friday. The acquisition... 

VanadiumCorp inks MoU to produce vanadium electrolyte

By: Henry Lazenby     11th February 2017 TSX-V-listed VanadiumCorp Resource has signed a nonbinding memorandum of understanding (MoU) with Quebec-based industrial company Electrochem Technologies & Materials to collaborate on the development of metallurgical and electrochemical technologies to produce vanadium electrolyte (VE) directly... 

Wellgreen sells noncore Ontario assets, completes Yukon metallurgical testwork

By: Henry Lazenby     11th February 2017 Yukon Territory-focused Wellgreen Platinum has sold a suite of noncore assets held by subsidiary Ursa Major Minerals to a private company for C$200 000, payable over three years. Ursa holds the Ontario properties, comprising the Shakespeare, Shining Tree, Fox Mountain, Stumpy Bay, Porter Baldwin... 

Legislation amendments to ease exploration costs in Greenland

By: Megan van Wyngaardt     10th February 2017 Aim- and Frankfurt Stock Exchange-listed FinnAust Mining has welcomed changes to expenditure obligations for holders of minerals exploration licences in Greenland, which FinnAust said would result in cost savings for the company. Under a newly issued addendum, the expenditure obligations for... 

A ‘lean, mean’ structure and less burdensome laws key to successful mining of Middle Orange River diamond deposits

By: Ilan Solomons     10th February 2017 The Middle Orange River (MOR) alluvial diamond deposits between Hopetown, Douglas and Prieska, along with deposits along the Riet and Vaal rivers, in the Northern Cape, represent three unique sinks or repositories of high-quality gem diamonds, says independent diamond consultant Dr John Bristow.... 

A ‘lean, mean’ structure and less burdensome laws key to  successful mining of Middle Orange River diamond deposits
Photo by Steyn Diamante
VALUABLE COMMODITY Riet river diamonds yield exceptional gemstone diamonds with prices averaging about $2 500/ct and grades ranging between 0.15 carats per hundred tonnes (cpht) and 0.35 cpht

Bisie project to benefit from forecast tin shortfall

By: Simone Liedtke     10th February 2017 The Bisie tin project’s Mpama North prospect in North Kivu province in the eastern region of the Democratic Republic of Congo (DRC) is one of the most significant tin deposits in the world, Alphamin Resources CEO Boris Kamstra explains to Mining Weekly - no other undeveloped tin asset has as... 

Bisie project to benefit from  forecast tin shortfall
NEW LIFE The Bisie tin project and surrounding development has breathed new life into the economic activity of the local communities of North Kivu

Canadian Gold Miner hits bonanza gold grades in Northern Ontario 

By: Henry Lazenby     9th February 2017 Explorer Canadian Gold Miner (CGM) has reported a head grade of 240 g/t gold from a 1.23 t sample of vein material taken from the 100%-owned West Matachewan project, in Northern Ontario, located 25 km along the Cadillac-Larder break west from Alamos Gold's Young-Davidson mine. CGM is held 65% by... 

Argentina lithium projects seek financing as production seen tripling

By: Reuters     8th February 2017 Argentina's lithium carbonate production will triple by 2019, and could grow by even more if companies find financing for various projects they are prepared to launch, industry executives and a government official told Reuters. Demand for lithium - a crucial material in electric car batteries... 

U3O8 Corp finds higher-grade uranium/vanadium layers at key Argentina project

By: Henry Lazenby     8th February 2017 TSX-listed uranium explorer U3O8 Corp continues to build on the recent discovery of higher-grade uranium/vanadium mineralisation at La Rosada, part of the Laguna Salada project in Argentina, announcing on Tuesday that it has delineated similar channels in, and beneath, the bottom gravel layer of... 

Musgrave to continue Cue spend

By: Esmarie Swanepoel     8th February 2017 Perth-based Musgrave Minerals has completed the Stage 1 earn-in over the Cue gold and copper project, in Western Australia. The company has secured a 60% interest in the Cue project by meeting the A$1.8-million exploration expenditure requirement. 

Canadian Zinc pulls trigger to secure debt financing for NT base metals mine

By: Henry Lazenby     8th February 2017 Project developer Canadian Zinc has appointed HCF International Advisers to advise the company in securing debt financing for the construction of its flagship Prairie Creek zinc/lead/silver mine, in Canada’s Northwest Territories. The UK-based independent corporate finance advisory boutique is... 

Granada, Frist Nations ink LOI for precious metals exploration in Quebec

By: Henry Lazenby     8th February 2017 TSX-V-listed project developer Granada Gold Mine has signed a letter of intent (LOI) with the Temagami First Nation (TFN) and Teme-Augama Anishnabai (TAA), giving Granada the opportunity to evaluate brownfield sites on the First Nations’ traditional territory for potential redevelopment. The LOI... 

Reward adds to Lake Disappointment resource

By: Esmarie Swanepoel     7th February 2017 Junior miner Reward Minerals has reported an increase in the mineral resource of its Lake Disappointment project, following recent testing of core samples from the 2015/16 drilling programme. The company has increased the project’s mineral resource from 564-million tonnes to 596-million tonnes... 

Wallbridge reports positive prefeasibility results on Fenelon gold property

By: Henry Lazenby     3rd February 2017 Junior explorer Wallbridge Mining on Thursday announced the positive results of a prefeasibility study (PFS) on its Fenelon gold mine, in Quebec, estimating a pre-tax net present value, at a 5% discount, of C$5.84-million. Wallbridge, which specialises in exploiting small high-grade deposits,... 

Millennial swoops in on Argentina lithium prospect

By: Henry Lazenby     3rd February 2017 TSX-V-listed Millennial Lithium has signed a definitive option agreement to acquire the prospective Pocitos West project, in Argentina. Pocitos West is next to ground recently acquired by fellow TSX-V-listed explorer Pure Energy Minerals and is near known lithium resources, including the Rincon... 

Ivanhoe cleared to relocate informal graves near Platreef project

By: Henry Lazenby     3rd February 2017 Africa-focused project developer Ivanhoe Mines' Ivanplats subsidiary has been cleared by a South African court to continue with the relocation of informal graves located in the vicinity of its $1.2-billion Platreef mine development project, in Limpopo province. Justice John Murphy set aside the... 

Guyana Goldfields rises on updated Aurora feasibility study

By: Henry Lazenby     3rd February 2017 Guyana-focused gold producer Guyana Goldfields has published the positive results of an updated feasibility study on its cornerstone Aurora mine. The study outlined the expansion of the current processing facility from 5 600 t/d to 8 000 t/d and pushed reserves 15% higher, net of depletion of 15... 

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