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Exploration News

Mining firms from China to Canada watch as Greenland holds election

By: Reuters     21st April 2018 With melting ice expanding access to the Arctic, investors from China to Canada are watching Greenland's election next week for signs of the political will to get a flagging mining programme on the island back on track. Greenland is hoping rising commodity prices can help attract foreign... 

IronRidge secures additional exploration rights

By: Marleny Arnoldi     20th April 2018 Aim-listed IronRidge Resources’ joint venture (JV) with Joy Transporters over the Saltpond and Cape Coast projects, in Ghana, has been finalised.  

Toro hunting for gold at Wiluna

By: Esmarie Swanepoel     20th April 2018 Uranium developer Toro Energy has told shareholders that it was evaluating other avenues to extract value from its Wiluna project, in Western Australia, given the current suppressed uranium price. The ASX-listed company said on Friday that it was assessing Wiluna’s prospectivity to host other... 

SA to remain among top nickel producers

By: Victor Moolman     20th April 2018 Market research company BMI Research forecasts that South Africa will remain among the top ten nickel producers in the world, with an estimated 49 500 t expected to be produced this year. South Africa has several nickel-producing mines, with one of the largest being the Nkomati mine, in... 

SA to remain among  top nickel producers
Photo by Creamer Media
SOUTH AFRICAN GROWTH New nickel mining projects that are under way will boost South Africa’s nickel production

Positive growth for African copper industry expected

By: Victor Moolman     20th April 2018 Market research firm BMI Research (BMI), a member of the Fitch Group, predicts positive production growth for the copper mining industry and in copper mine project development across Africa in its copper market research report ‘Global Industry Overview’, released last month. BMI commodities... 

Positive growth for African copper industry expected
Photo by Creamer Media
COPPER POTENTIAL The Prieska zinc-copper project in South Africa shows continued growth

First phase of Lesotho diamond mine project poised for commercial production in second half of 2018

By: Mia Breytenbach     20th April 2018 Angola- and Lesotho-focused diamond miner Lucapa Diamond Company believes that once the Mothae diamond mine, in Lesotho, enters into full production, the operation, paired with the company’s Lulo alluvial diamond mine, in Angola, will position it as one of few worldwide to have two mines... 

First phase of Lesotho diamond mine project poised for  commercial production in second half of 2018
MINING POTENTIAL Lucapa made its first diamond recoveries from Mothae last month, with the largest of the about two dozen diamonds recovered in the first test run being 6.6 ct

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices of aluminium, copper, zinc, nickel, lead, palladium, and more modestly in gold,”... 

Latin America the leading region in new global wave of exploration

Denison outlines more high-grade mineralisation at Gryphon

By: Henry Lazenby     19th April 2018 Uranium explorer and development company Denison Mines has discovered more high-grade uranium ore 600 m and 1 km to the northeast of the Gryphon uranium deposit, on the company’s 63.3%-owned Wheeler River project, in northern Saskatchewan, the company reported on Wednesday. With the 21 153 m... 

Phoenix Global PEA lifts Idaho-based Empire mine output 16%

By: Henry Lazenby     19th April 2018 A preliminary economic assessment (PE) of LSE-quoted project developer Phoenix Global Mining’s historic Empire mine, in Idaho, has outlined a 16% improved production scenario over previous estimates, taking only the openpit copper oxide resource into consideration. The PEA shows an average copper... 

Northcliff hopeful of ‘timely conclusion’ of Sisson permitting

By: Henry Lazenby     18th April 2018 Project developer Northcliff Resources is hopeful for a timely conclusion of the amendment process of the applicable metal mining effluent regulations, in consultation with all stakeholders and led by Environment Canada and Climate Change, for its Sisson tungsten/molybdenum mine, in New... 

Callinex lifts Nash Creek resources in New Brunswick’s Bathurst Camp

By: Henry Lazenby     17th April 2018 Base metals-focused Callinex Mines has reported a substantial resource increase at the near-surface Nash Creek deposit, in New Brunswick’s Bathurst Mining Camp. The Canadian National Instrument 43-101-compliant indicated resource rose 74% over prior estimates to 963-million pounds of zinc... 

Maiden resource announced at Connemara’s Stonepark JV

By: Creamer Media Reporter      17th April 2018 Irish gold and zinc explorer Connemara Mining has announced a maiden inferred resource estimate at its Stonepark zinc project, in Limerick. The joint venture (JV) project between Group Eleven (76.56%) and Connemara (23.44%) has a mineral resource estimate of 5.3-million tonnes, grading 11.15%... 

Beowulf inks graphite collaboration deal with Finnish university

By: Creamer Media Reporter      17th April 2018 Aim-listed Beowulf has signed a graphite collaboration agreement with Åbo Akademi University, formalising an agreement that the company has forged with the university, in Turku, Finland, over several years. The agreement is focused on knowledge sharing, the identification of graphite prospects,... 

Nemaska secures $150m streaming deal with private lender Orion

By: Henry Lazenby     16th April 2018 Quebec-based lithium producer Nemaska Lithium has secured a $150-million streaming financing deal with private lender Orion Mine Finance Group. Under terms of the streaming deal, Orion will take 14.5% of the lithium hydroxide and lithium carbonate produced at Shawinigan and that are sold to third... 

AfriForum, TKAG welcome Shell’s indication to withdraw from shale gas exploration

By: Anine Kilian     16th April 2018 AfriForum and the Treasure THE Karoo Action Group (TKAG) view Shell South Africa’s indication of its intention to withdraw from shale gas exploration in the Karoo as a major victory for those who care about the environment, TKAG said in a statement on Monday. The Herald last week reported that... 

Minotaur signs up for NT exploration

By: Esmarie Swanepoel     16th April 2018 ASX-listed explorer Minotaur Exploration has entered into a joint venture (JV) agreement with fellow-listed Andromeda Metals in the Northern Territory. Under the terms of the agreement, Minotaur would sole fund up to A$5-million through a staged earn-in over a maximum six-year period, to earn a... 

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Genesis raises A$5m for exploration

By: Esmarie Swanepoel     13th April 2018 Junior Genesis Minerals will raise A$5-million through the placement of some 156.2-million shares, at an issue price of 3.2c each. The placement will be made to institutional and sophisticated investors, and will be undertaken under Genesis’ existing placement capacity. The new shares will rank... 

Shareholders give thumbs up for Leagold/Brio merger

By: Henry Lazenby     13th April 2018 The shareholders of both Leagold Mining and Brio Gold have voted in favour of a friendly $264-million all-scrip offer by Leagold to acquire Brio. Brio now intends to seek a final order approving the transaction from the Ontario Superior Court of Justice by next Tuesday. Assuming all other... 

West and Central African Mining Summit to tackle vital issues

     13th April 2018 The upcoming tenth West and Central African (WaCA) Mining Summit and Expo will showcase the dynamism and resilience of the mining industry in these regions, as well as explore the challenges facing mining in the region, with speakers that will cover various topics that have significant impact on... 

West and Central African Mining Summit to tackle  vital issues
PRESSING MATTERS The West and Central African Mining Summit and Expo will discuss the most pressing issues facing mining in the region

Nigeria to offer funding to artisanal, small-scale miners

     13th April 2018 The Nigerian Federal Ministry of Mines and Steel Development and the Bank of Industry (BOI) have opened applications to the funding scheme for Nigerian artisanal and small-scale miners (ASM) in February. In August 2017, the two entities signed a memorandum of understanding (MoU) for the... 

Nigeria to offer funding to artisanal, small-scale miners
CASH INJECTION Artisanal and small-scale miners will be able to apply for funding from the Federal Ministry of Mines and Steels Development and the Bank of Industry in Nigeria

Golden Star to explore potential new gold sites in Ghana

     13th April 2018 Canadian gold miner Golden Star Resources, as part of its exploration strategy for 2018 will focus on understanding the deposits at the Wassa Underground gold mine, continue mineral resource expansion drilling at Prestea Underground gold mine and investigate five new underground targets, all in... 

Golden Star to explore potential new gold  sites in Ghana
EIGHT IN 2018 Golden Star Resources will explore eight potential gold sites and assess the viability of mining the sites

Juniors chalk up new gold discoveries in West Africa

By: Erin Steenhoff-Snethlage     13th April 2018 Canadian gold miner Ashanti Gold, Australian miner Tietto Minerals and Canadian miner Nexus Gold have made seven new gold discoveries between them in Mali, Ghana, Cote d’Ivoire and Burkina Faso. Ashanti Gold has identified three zones with gold deposits at the Anumso gold project in Ghana.... 

Juniors chalk up new gold discoveries in West Africa
Photo by Reuters
NEW DISCOVERIES Three mines have made seven new gold discoveries in West Africa

Newmont looks to the future in Ghana

     13th April 2018 US gold major Newmont Mining, one of the top global gold producers, expects to put up a new growth project – Ahafo North – for funding approval in 2019, according to Newmont regional senior VP for Africa Alwyn Pretorius. Ahafo North, located 50 km north of the existing Ahafo gold operations, is a... 

Newmont looks to the future in Ghana
Photo by Reuters
NEWMONT’S FUTURE Newmont Mining views Ghana as a stable operating jurisdiction

Roxgold on track with Bagassi South project, ups Yaramoko output

     13th April 2018 Canadian gold miner Roxgold has started construction at the Bagassi South gold project in south-western Burkina Faso, with development progressing according to plan. The environmental and social permitting as well as the compensation activities of the project have been completed. 

Roxgold on track with Bagassi South project, ups Yaramoko output
BREAKING GROUND Construction at the Bagassi South Expansion is under way and first ore production is expected in the fourth quarter of 2018

W Africa exploration to benefit from global mining upturn

By: Erin Steenhoff-Snethlage     13th April 2018 Global investor confidence in mining is slowly returning, but opinion is divided about whether mines will be able to maintain and grow production without relinquishing their cost discipline of the past few years, states the Prospectors & Developers Association of Canada (PDAC). There has been... 

W Africa exploration to benefit from global mining upturn
GLENN MULLAN The Prospectors & Developers Association of Canada says the recovery of the global mining industry will have a knock-on effect in mining exploration and investments in West Africa

Software, digitalisation to enhance mining productivity, efficiency

By: Mia Breytenbach     13th April 2018 Amid the recent economic downturn, with the global mining industry having to deal with volatile commodity prices, as well as the increasing need to improve operational efficiencies and address safety concerns, mining software solutions provider MICROMINE global marketing manager Kate Gilbey... 

Software, digitalisation to enhance mining productivity, efficiency
INCREASING AWARENESS Mining companies recognise the need to improve their processes to increase productivity and output and, ultimately, realise a healthier bottom line

Diamond producers conference calls for collaboration, cooperation between stakeholders

By: Nadine James     13th April 2018 Mining industry body South African Diamond Producers Organisation (Sadpo) hosted its second yearly Digger’s Conference at the All Seasons Resort in Christiana, in North West province, last month. The organisation chose Christiana because it is centrally located between the two provinces where the... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

By: Nadine James     13th April 2018 While there is no doubt that conglomerate gold has been discovered in the Pilbara, the broader understanding of this style of gold mineralisation in the Pilbara remains incomplete, and therefore any comparisons with the Witwatersrand (Wits) Basin are premature, states SRK Consulting geologist... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

TSX-V conditionally approves listing of Altus Strategies’ shares

By: Marleny Arnoldi     12th April 2018 Africa-focused exploration project generator Altus Strategies has received conditional approval from the TSX Venture Exchange (TSX-V) to list the company’s ordinary shares on the exchange.  

Black Mountain shakes tin for exploration funds

By: Esmarie Swanepoel     12th April 2018 ASX-listed junior Black Mountain Resources was looking to raise up to A$3.2-million to fund exploration. The company on Thursday announced a non-renounceable entitlement issue of one fully paid ordinary share for every one share held, at an issue price of 2c a share. One free attaching option... 

Mayur shakes the tin for exploration work

By: Esmarie Swanepoel     11th April 2018 Diversified junior Mayur Resources has raised A$7.8-million in a share placement to professional and sophisticated investors. The company will place 9.75-million chess depository interests to both new and existing shareholders, at a price of 80c each, under its existing placement capacity. 

Barra sets exploration targets at Main Lode

By: Esmarie Swanepoel     11th April 2018 Gold developer Barra Resources has tipped the historic Main Lode gold mine as its priority exploration target for 2018. Forming part of its greater Burbanks gold project, the Main Lode underground mine was abandoned at the start of World War One, and has not been mined since. 

Canada's Saskatchewan sees smaller fiscal deficit as spending kept tight

By: Reuters     11th April 2018 The Canadian province of Saskatchewan, home to major potash and uranium reserves, said on Tuesday it would run a smaller deficit in the current fiscal year and balance its books in 2019/20 as it keeps a tight lid on spending despite projected higher commodity prices. Saskatchewan, which has... 

Former South African President Kgalema Motlanthe joins Ivanhoe board

By: Henry Lazenby     10th April 2018 Former South African President Kgalema Motlanthe has joined the board of project developer Ivanhoe Mines with immediate effect, the company announced on Tuesday. In his new nonexecutive capacity, Motlanthe is expected to bring a “new dimension” to the company’s strategic evaluations, consensus... 

Former South African President Kgalema Motlanthe joins Ivanhoe board
Photo by Creamer Media
Former South African President Kgalema Motlanthe

Lithium Americas rises on Nevada Lithium project resource growth

By: Henry Lazenby     10th April 2018 A new technical report on Lithium Americas’ 100%-owned Lithium Nevada project has increased the compliant measured and indicated resources by about 80% over the prior 2016 estimate, establishing the company as the largest and highest-grade known claystone lithium resource in the US. The National... 

US to lead global crude production as soon as 2023 – IEA

By: Henry Lazenby     10th April 2018 US shale production growth is expected to lift the jurisdiction to being the top oil producer globally by 2023, a report from the International Energy Agency (IEA) has shown. According to the IEA, US output will expand by 3.7-million barrels a day, more than half of the world’s expected... 

ATAC, Barrick spending to top C$13m at Yukon-based Rackla gold project

By: Henry Lazenby     9th April 2018 In what is anticipated to be one of the largest exploration programmes in the Yukon this year, partners ATAC Resources and Barrick Gold have announced a C$13-million exploration budget for the Racklan gold project, in the Yukon Territory of North-West Canada. Under an April 2017 earn-in... 

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