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Exploration News

Orion clears another significant hurdle at Prieska project

By: Natasha Odendaal     16th November 2018 The receipt of the final assay results from the recently completed deep sulphide mineral resource drill-out at the Prieska zinc/copper project, in the Northern Cape, has paved way for the updated mineral resource due mid-December, says ASX-listed Orion Minerals MD and CEO Errol Smart. The... 

Global exploration up 19%; cobalt/lithium budgets soar 

By: Esmarie Iannucci     15th November 2018 The budget for global non-ferrous exploration has increased by 19% year-on-year, to $10.1-billion, new data from S&P Global Market Intelligence has revealed. This was the second consecutive year where there has been an upturn in exploration spend, with S&P reporting on Thursday that junior... 

Global exploration up 19%; cobalt/lithium budgets soar

Hipo joins the hunt in DRC

By: Esmarie Iannucci     15th November 2018 ASX-listed Hipo Resources has signed a joint venture (JV) agreement to earn a 60% interest in the Kamola lithium project, in the Democratic Republic of the Congo. Under the terms of the agreement with Crown Mining, Hipo will sole-fund $5-million in exploration and project development expenditure... 

Peregrine, NexGen and Cardinal among leaders honoured in PDAC awards

By: Creamer Media Reporter      14th November 2018 The Prospectors and Developers Association of Canada (PDAC) has announced the winners of its yearly awards, which recognise the work of international and domestic leaders in the mineral exploration and mining community. The Bill Dennis award went to Peregrine Diamonds, which discovered the... 

Avesoro remains on track to meet FY18 production guidance

By: Simone Liedtke     13th November 2018 West Africa-focussed Avesoro Resources’ gold production increased by 247% year-on-year to 175 492 oz for the nine months ended September 30. This, the miner said on Tuesday, is in line with the full-year output guidance. 

Broken Hill lodges dispute with Cobalt Blue

By: Esmarie Iannucci     13th November 2018 ASX-listed Broken Hill prospecting has issued a notice of dispute to fellow listed Cobalt Blue over the start of drilling activities at the Thackaringa cobalt project, in South Australia. The dispute related to the drilling activities that have started outside the requisite approval process set... 

Avrupa starts Portugal drilling as it closes first tranche of placement

By: Creamer Media Reporter      11th November 2018 Canada-listed, Europe-focused junior Avrupa Minerals has closed the first tranche of its private placement of $500 000, comprising 10-million units, allowing the company to start a drilling programme at its project in Portugal. The 2 500-m to 3 000-m drilling programme at the Alvalade copper/zinc... 

Rio Tinto Exploration Canada starts drilling Fort à la Corne kimberlites

By: Creamer Media Reporter      11th November 2018 Rio Tinto Exploration Canada (RTEC) has started drilling the Fort à la Corne kimberlites, in Saskatchewan, as it reinvestigates these kimberlites that Star Diamond and other companies have previously explored. The Fort à la Corne kimberlites are outside the Star and Iron South kimberlites, which... 

Manufacturer ready to supply South and West Africa’s demands

By: Tracy Hancock     9th November 2018 The demand for more effective and efficient impeller and agitator technology is greatly increasing throughout Africa, where mining developments and mineral exploration are constantly budding, says industrial agitator and mixer manufacturer Mixtec sales and projects manager Rudi Swanepoel. 

Manufacturer ready to supply South and West Africa’s demands
NEED FOR INNOVATION Having completed numerous projects in South and West Africa, Mixtec sees the need for innovations and improvements that will assist in shortening lead times and boosting productivity

Orion equipping communities to benefit from and contribute to its Prieska project

By: Nadine James     9th November 2018 ASX and JSE listed base metals developer, Orion Minerals, has put a big focus on equipping and enabling the communities surrounding its Prieska Zinc-Copper Project, Northern Cape, to benefit from, and contribute to, the development of a modern, mechanised and productive mining operation, says... 

Orion equipping communities to benefit from and contribute to its Prieska project
Photo by Creamer Media
ERROL SMART Unlike Prieska, most South African mining projects are an extension of legacy mining operations and are therefore locked into a cycle of inefficient labour-intensive, unsafe operations

SRK shares mineral valuation insights with China

By: Nadine James     9th November 2018 A Chinese mining sector delegation visiting South Africa last week gained “valuable insights” from specialist engineers and scientists from SRK Consulting South Africa, specifically pertaining to the factors that affect mineral resource and mineral reserve reporting and valuation. The delegation... 

Govt’s R20bn exploration boost lauded, but more needs to be done

By: Paige Müller     9th November 2018 Amid reports that South Africa is attracting less than 1% of the global share of exploration spend, Mineral Resources Minister Gwede Mantashe has dedicated a national investment of R20-billion to an integrated multi-disciplinary mapping programme to boost global investment in local exploration.... 

Govt’s R20bn exploration boost lauded, but more needs to be done

Randgold/Barrick merger giving gold mining investment new attraction 

By: Martin Creamer     6th November 2018 During gold mining’s years of prosperity, the industry was able to harvest and feed off itself. But in recent years, it has lost $100-billion worth of value, with increasing revenue streams being consumed by lower reserve grade. 

Randgold/Barrick merger giving gold mining investment new attraction
Photo by Bloomberg
Randgold Resources CEO Mark Bristow

Beowulf steps into new geography with Kosovo investment

By: Mariaan Webb     6th November 2018 Nordic-focused exploration company Beowulf Mining announced a £250 000 investment in private explorer Vardar Minerals to acquire a 14% stake, sending the London-listed miner’s stock up nearly 7%. The company has an option to make a further investment and increase its ownership in Vardar, which... 

Beowulf steps into new geography with Kosovo investment
The Mitrovica licence area in northern Kosovo.

Kefi's Ethiopian exploration tenements to be expanded

By: Creamer Media Reporter      6th November 2018 Aim-listed Kefi Minerals' Ethiopian exploration tenements will be expanded to about 1 900 square kilometres to encompass the wider Tulu Kapi gold project district surrounding the 7 square kilometres mining licence area already held by subsidiary Tulu Kapi Gold Mines Share Company (TKGM). "The... 

AngloGold Ashanti debt falls, Mponeng stands out

By: Martin Creamer     5th November 2018 Production of 851 000 oz and a drop in costs helped gold-mining company AngloGold Ashanti to drive net debt down by 15% year-on-year in the three months to September 30, with net debt now 44% lower in six years. Third-quarter production of 851 000 oz was at a 14%-lower all-in sustaining cost... 

AngloGold Ashanti debt falls, Mponeng stands out
Photo by AngloGold Anshanti
The debt reduction path of AngloGold Ashanti

Base metals major Teck to explore Australia’s sunshine state

By: Esmarie Iannucci     2nd November 2018 Canadian diversified miner Teck has been given the green light to start exploration on 102 km2 of tenements in Queensland’s North West mineral province. Mines Minister Dr Anthony Lynham said on Friday that Teck’s move was a sign of ongoing confidence in the region. 

Conroy intersects ‘extensive’ gold at Clay Lake

By: Creamer Media Reporter      1st November 2018 Aim-listed Conroy Gold and Natural Resources on Thursday reported an “extensive gold intersection” at a drill hole completed in the north-eastern end of its Clay Lake gold target, in Ireland. The gold intersection extends for 150.5 m at 0.3 g/t gold. The gold intersection adds to previous... 

Endeavour announces maiden resource estimate for Côte d’Ivoire target

By: Simone Liedtke     29th October 2018 TSX-listed Endeavour Mining on Monday announced a maiden resource estimate on the Lafigué target, located within the Fetekro greenfield exploration property, in Côte d’Ivoire, and the identification of 14 additional nearby targets. The maiden Lafigué resource estimate encompasses about two-thirds... 

Great Bear raises C$3.5m for Dixie exploration

By: Creamer Media Reporter      29th October 2018 TSX-V-listed Great Bear Resources has announced a C$3.5-million private placement of shares at C$3.5 each, for further exploration at its Dixi project, in Ontario. The company entered into an agreement with Cormark Securities, pursuant to which Cormark has agreed to purchase one-million common... 

Metal Tiger, MOD JV prospecting licences extended

By: Marleny Arnoldi     26th October 2018 Aim-listed Metal Tiger’s joint venture (JV) with ASX-listed MOD Resources, situated in the Kalahari copperbelt in Botswana, has been granted two-year extensions on its prospecting licences by the Botswana licensing authority. These licences were due for renewal by December 31, and hold the T3... 

B2Gold mulls options to increase Fekola mill throughput

By: Simone Liedtke     25th October 2018 The increased mineral resource at TSX- and NYSE-listed B2Gold’s Fekola mine, in south-western Mali, indicates potential to increase mill throughput tonnage and yearly gold production with moderate capital expenditure, the company said on Thursday. Based on about 192 000 m of exploration drilling... 

Third diamond hole intersects sulphide stringer veins at Rok Optel nickel/copper target

By: Simone Liedtke     24th October 2018 The Rok Optel nickel/copper target, in the Northern Cape, which forms part of ASX- and JSE-listed Orion Minerals’ regional exploration programme, is continuing to emerge as a very promising nickel sulphide project, MD and CEO Errol Smart said on Wednesday. Diamond drill hole OROD003, which was... 

Independence invests A$51m in exploration

By: Esmarie Iannucci     23rd October 2018 Diversified miner Independence Group will spend A$51-million on discovery expenditure in the 2019 financial year, MD and CEO Peter Bradford said on Tuesday. Speaking to the Australian Nickel conference, Bradford said that some A$33-million of this funding would go towards greenfields... 

Conroy announces new gold outcrop discovery

By: Creamer Media Reporter      22nd October 2018 Ireland-focused Conroy Gold and Natural Resources on Monday announced the discovery of a new bedrock gold mineralisation, sending the Aim-listed miner’s stock up 3.7%. The gold outcrop has a grade of 5.6 g/t gold and could be a direct link between the Clontibret gold deposit and the Corcaskea... 

SRK Ghana expanding into other West African markets

By: Nadine James     19th October 2018 As the economic mood in the global mining industry turns towards the better, SRK Consulting’s Accra office, in Ghana, has been making inroads into new markets in Côte d’Ivoire and Togo, SRK Ghana country manager John Kwofie noted in a release last week. He believes that there is potential for... 

SRK Ghana expanding into other West African markets
JOHN KWOFIE The Ghana office is a springboard to other countries in the region

Blasting solutions that take mines into digital age

19th October 2018 As mining companies rapidly shift their strategies and operating models to leverage digital transformation, new technologies in blasting and explosives are making an ever more vital contribution to bottom-line improvements. A combination of market volatility, changing global demand and radically... 

Blasting solutions that take mines into digital age
JOE KEENAN The Internet of Things will be an important driver of blasting safety and efficiency

Freeport earns into project near Codelco's Chuquicamata

By: Mariaan Webb     18th October 2018 Base metals junior Solaris Copper, which was recently spun out of Equinox Gold, reported on Thursday that US miner Freeport McMoRan would earn up to 80% in its early stage Ricardo property, in Chile. Freeport would be required to incur gross expenditures of $130-million or $30-million plus the... 

Getting Africa fit for the future requires good governance – Africa Forum

By: Marleny Arnoldi     18th October 2018 Law firm Hogan Lovells Africa head and partner Andrew Skipper on Thursday opened the firm’s Africa Forum conference by stating that, in Africa, there is a combination of optimism and scepticism, but stressed that the available opportunities were enormous. “Currency, corruption and certainty need... 

Getting Africa fit for the future requires good governance – Africa Forum
Business Leadership South Africa CEO Bonang Mohale

Vital pulls the plug on Bouli

By: Esmarie Iannucci     18th October 2018 ASX-listed Vital Metals on Thursday announced its withdrawal from an earn-in agreement into the Bouli gold project, in Niger, citing concerns over the ‘geopolitical situation’ in the region. Vital in July this year announced that it would proceed with A$5-million earn-in over a two-year period,... 

Explorer Central Timmins lists on TSX-V

By: Creamer Media Reporter      17th October 2018 Ontario explorer Central Timmins Exploration has listed on the TSX-V this week, after closing its initial public offering (IPO), which raised C$1.5-million. The junior, which has assets prospective for gold and base metals in the Porcupine mining district, offered 15-million common shares at... 

IDM sinks drills at Red Mountain

By: Creamer Media Reporter      17th October 2018 TSX-V-listed IDM Mining is back drilling at the Red Mountain mine, west of Stewart, British Columbia, announcing on Tuesday that two core rigs had started operating at the underground project, An estimated 7 600 m in over 30 holes are planned for the exploration programme, which will test four... 

Soil sampling gets under way at Red Rock’s DRC copper/cobalt licence

By: Creamer Media Reporter      17th October 2018 A soil sampling programme has started at a copper/cobalt licence in the Democratic Republic of Congo (DRC) owned by Aim-listed natural resources development company Red Rock Resources. The licence was recently acquired from a private seller. 

URU Metals completes geophysics survey at Zebediela project

By: Simone Liedtke     16th October 2018 The ground-based geophysics survey over a portion of Aim-listed exploration and development group URU Metals’ Zebediela nickel/sulphide project, in Limpopo, has been completed. The purpose of the programme was to assist with the accurate placement of further planned exploration drill holes and to... 

Arc Minerals reports elevated copper intersections at Zambia project

By: Simone Liedtke     16th October 2018 Aim-listed Arc Minerals on Tuesday reported additional reverse circulation and diamond drill assay results from the company’s 11 000 m drilling programme at the Kalaba prospect, which is part of its Zamsort copper/cobalt project, in Zambia. The results found that mineralisation continues to be... 

Consultants confirm at least 1Moz potential at Cora Gold’s Mali prospect

By: Marleny Arnoldi     15th October 2018 A report compiled by SRK Consulting has confirmed that gold explorer Cora Gold’s Sanankoro project, in Mali, has the potential to delineate between one-million and two-million ounces of gold to a depth of 100 m, also indicating the potential for significant further upside at depth. SRK derived an... 

Osisko’s acquisition of Beaufield to close by end of the week

By: Creamer Media Reporter      15th October 2018 The takeover of Beaufield Resources by Osisko Mining is likely to close on Friday, following last week’s shareholder approval, in which 98% of shareholders present at a meeting voted in favour of the transaction. The completion of the arrangement, announced in August, remains subject to the... 

Desert Lion announces maiden mineral resource estimate for Namibian project

By: Simone Liedtke     12th October 2018 TSX-V-listed Desert Lion Energy has completed a maiden mineral resource estimate for its Namibian lithium project, the company announced on Friday. The maiden mineral resource estimate comprised the Rubicon, Rubicon Slimes, Helikon 1, Helikon 2, Helikon 3, Helikon 4 and Helikon 5 deposits, and... 

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