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Exploration News

Feasibility study on Western Cape rare earths mine to be completed in 6 to 12 months

By: Anine Kilian     29th June 2018 The Steenkampskraal rare earths mine, owned by developer Steenkampskraal Holdings, in the Western Cape, is aiming to be a building block in a global rare earths supply chain independent of China. Manufacturers globally are expressing concern over China’s dominance of these strategic elements,... 

Unpacking the latest headlines in mining  

28th June 2018 Mining Weekly editor Martin Creamer unpacks Orion Minerals recently raising A$11-million, fuel cell development and Glencore's South African expansion. 

Unpacking the latest headlines in mining
Unpacking the latest headlines in mining

BCI gets maiden resource at Kumina

By: Esmarie Swanepoel     28th June 2018 Junior BCI Minerals has reported a maiden Joint Ore Reserves Committee compliant resource for its Kumina iron-ore project, in Western Australia. The project is estimated to host an inferred mineral resource of 78.3-million tonnes at 59.1% iron and a cut-off of 57% iron, or 115.2-million tonnes... 

Victoria aims to kick-start mining boom with A$15m exploration grant

By: Esmarie Swanepoel     27th June 2018 The Victorian government has freed up a further A$5.5-million under its A$15-million TARGET Mineral Exploration Initiative, to encourage investment in the region. Resources Minister Tim Pallas said on Wednesday that the co-funded grants would be available to 11 exploration licence holders. 

Nevsun announces inferred resource for Timok Lower Zone

By: Creamer Media Reporter      26th June 2018 The Timok (Cukaru Peki) Lower Zone deposit contains 31.5-billion pounds of copper and 9.6-million ounces of gold, TSX-listed Nevsun Resources said on Tuesday, announcing an initial resource estimate for the project in Serbia. The Timok Lower Zone – a joint venture with Freeport-McMoRan – has a... 

‘Oversubscribed’ exploration incentive shows upswing in confidence – Minister

By: Esmarie Swanepoel     26th June 2018 The second round of the Junior Minerals Exploration Incentive (JMEI) has been oversubscribed, with 46 companies successfully applying for the available credits for the 2018/19 income year. Federal Resources Minister Matt Canavan said more than A$31-million has been allocated in the second round,... 

Orion accelerating on all fronts, looking to upscale production

By: Martin Creamer     25th June 2018 ASX- and JSE-listed Orion Minerals has raised an additional A$11-million through a share placement so that it can accelerate on all fronts. This equity capital raising funds the company beyond the bankable feasibility study (BFS) to progress its Prieska zinc/copper project, in South Africa's... 

Orion accelerating on all fronts, looking to upscale production
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Northern Territory lures more explorers

By: Esmarie Swanepoel     25th June 2018 The Northern Territory government has recorded the largest number of applications to date for its geophysics and drilling collaboration programme as part of its A$26-million Resourcing the Territory initiative. Minister for Primary Industry and Resources Ken Vowles said changes to the programme... 

Artemis and Novo agree to exploration budget

By: Esmarie Swanepoel     25th June 2018 Joint venture (JV) partners Artemis Resources and Novo Resources have agreed to a A$5.4-million exploration and work programme budget in Western Australia. In the first four months of the 12 month period, the JV will focus on bulk sampling, diamond drilling and costeaning activities, primarily... 

Stonewall plans for 2019 restart of production at Pilgrims Rest project

By: Nadine James     22nd June 2018 ASX-listed Stonewall Resources’ Pilgrims Rest gold project, in Mpumalanga, is expected to start production towards the end of 2019. Stonewall Mining South Africa CEO George Jenkins told African Mining Network attendees on Thursday evening that the company is converting its mining permits to... 

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

China continues to encourage foreign mining investment

Exploration delivering results for Kodal at Mali prospect

By: Nadine James     21st June 2018 Aim-listed exploration company Kodal Minerals has discovered high-grade mineralisation intersections following the drilling of an additional 19 drill holes during follow-up and extension drilling at the Sogola-Baoule prospect, in Mali. The intersections had minimum 5 m width, and results were... 

Erris starts brownfield exploration near historic Ireland mine

By: Mariaan Webb     21st June 2018 Mineral exploration company Erris Resources has started a surface diamond drilling programme 300 m south of the old Abbeytown zinc mine in Sligo, Ireland. The surface drilling will test for potential extensions of zinc/lead/silver/copper mineralisation extending south from the old workings at... 

Gold anomaly of over 8 km identified at GoldStone’s Akrokeri-Homase project

By: Creamer Media Reporter      20th June 2018 Aim-listed GoldStone Resources has identified a larger than 8 km gold-in-soil anomaly at its Akrokeri-Homase gold project, in South-West Ghana. The gold-in-soil anomaly, which runs from the historic Akrokeri underground mine to north of the Homase openpit, was identified following a review of the... 

Qld releases more exploration acreage

By: Esmarie Swanepoel     20th June 2018 The Queensland government has set aside more than 44 000 km2 of land for resource exploration, Natural Resources, Mines and Energy Minister Anthony Lynham said. Speaking at a conference in Brisbane, Lynham said it was the largest amount of land released under the state’s exploration program and... 

Xanadu raises A$10m for exploration

By: Esmarie Swanepoel     20th June 2018 Copper and gold explorer Xanadu Mines has raised A$10-million through an oversubscribed placement to accelerate resource drilling at its Kharmagtai copper/gold project, in Mongolia. The placement comprised some 58.9-million shares, priced at 17c each, to institutional and sophisticated investors. 

Rio takes Alloy up on Paterson offer

By: Esmarie Swanepoel     19th June 2018 ASX-listed Alloy Resources has signed a farm-in and joint venture agreement with the exploration arm of major Rio Tinto over an exploration license in the Paterson region of Western Australia. Under the terms of the agreement, Rio Tinto Exploration could earn a 70% interest in the tenement by... 

Alicanto tumbles on Barrick exit

By: Esmarie Swanepoel     19th June 2018 The share price of ASX-listed Alicanto Minerals dropped by more than 20% on Tuesday after Canadian miner Barrick Gold Corporation withdrew from the Arakaka earn-in agreement, in Guyana. Barrick had the option of earning a 65% interest in the project by spending $10-million on the project area,... 

Latin Resources secures funds for lithium expoloration

By: Esmarie Swanepoel     19th June 2018 Minerals explorer Latin Resources has secured a A$6-million convertible security funding agreement (CSFA) with an optional equity earn-in into the company’s lithium projects in Argentina, with financier Lind Asset Management XII. The funding will include an initial A$2-million, which will be... 

Urban Barry gold camp gold explorers merge

By: Esmarie Swanepoel     19th June 2018 TSX-V-listed junior Bonterra Resources and Metanor Resources have struck a merger agreement to create an advanced Canadian gold exploration and development company. Under the terms of the agreement, Bonterra will acquire all of the issued and outstanding shares in Metanor for C$0.73 in equity... 

Canadian project generator seeks to expand base metal/gold holdings

By: Creamer Media Reporter      18th June 2018 Mineral exploration project generator Rainy Mountain Royalty, which acquires early stage exploration projects and deliver them drill target ready to joint venture (JV) partners, is considering opportunities outside Canada, the TSX-V-listed company has revealed. In a news release issued on... 

Group Eleven says Stonepark open towards Glencore’s Pallas Green

By: Mariaan Webb     18th June 2018 The Stonepark zinc deposit in Ireland, which TSX-V-listed Group Eleven owns with Aim-listed Connemara Mining, is likely open towards the neighbouring Pallas Green deposit of mining major Glencore and results from hole drilled in a key area of the resource have returned high-grade results. Hole... 

Group Eleven says Stonepark open towards Glencore’s Pallas Green

Erris gives update on Centerra-funded exploration JV

By: Creamer Media Reporter      18th June 2018 Canada’s Centerra Resources has elected not to earn into the Klippen project, in Sweden, its joint venture (JV) partner Erris Resources reported on Monday, explaining that drill results had confirmed gold mineralisation, but that the nature of the veining was not indicative of a potentially... 

Havilah reveals maiden reserve at Kalkaroo

By: Esmarie Swanepoel     18th June 2018 Junior Havilah Resources has reported a maiden ore reserve of 474 000 t of contained copper and 1.41-million ounces of gold at its Kalkaroo copper/cobalt/gold project, in South Australia. The ASX-listed Havilah noted that the ore reserve estimate did not include cobalt at this stage, with the... 

Black Mountain finds partner in Uganda

By: Esmarie Swanepoel     15th June 2018 ASX-listed Black Mountain has secured a farm-in partner for its Busumbu phosphate project, in Uganda. Black Mountain has struck a deal with African Minerals Ventures (AVM), which will earn a 51% interest in the project by spending $3-million over the next three years, with Black Mountain to... 

Illegal mining worth R7bn a year – PwC

By: Martin Creamer     14th June 2018 The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7-billion a year, says PwC. In its latest edition of SA Mine, the professional services firm equates this to revenue generated from 430 000 oz of gold at the current market price. 

Illegal mining worth R7bn a year – PwC
Photo by Dylan Slater
Informal processing of sand from a depleted mine dump off the N3 South freeway, near Elandsfontein, in Germiston

Canada’s Erdene is Mongolia exchange’s first cross-listed firm

By: Creamer Media Reporter      14th June 2018 TSX-listed Erdene Resource Development has launched a secondary listing of its common shares on the Mongolian Stock Exchange (MSE), becoming the first cross-listed, and only precious metals exploration company listed on the MSE. Erdene, which has interests in four exploration licences and a... 

Conroy expands Clontibret drilling programme

By: Creamer Media Reporter      14th June 2018 Aim-listed Conroy Gold and Natural Resources will expand the drilling programme at the Clontibret deposit, in Ireland, by 70% to more than 1 700 m. This follows the discovery of additional extensive gold zones, with wide mineralised intersections and grades of up to 24 g/t gold. 

SEMS appointed as exploration manager at GoldStone's Ghana project

By: Anine Kilian     14th June 2018 Aim-listed GoldStone Resources has appointed SEMS Exploration Services as geological manager of the company’s Akrokeri-Homase project, in the Ashanti region of Ghana.   SEMS will design and implement the development of the project with the objective of reopening the Akrokeri underground mine,... 

Australia seeks to reverse mineral discovery drought

By: Esmarie Swanepoel     13th June 2018 The federal government has called on junior miners to take up the Junior Mineral Exploration Incentive (JMEI) as Australia faced a drought of major mineral discoveries. Speaking at the Association of Mining and Exploration Companies (Amec) Convention, in Perth, Resources Minister Matt Canavan... 

Australia seeks to reverse mineral discovery drought
Photo by David Broadway
Mines Minister Matt Canavan

Black Mountain step change takes effect

By: Esmarie Swanepoel     13th June 2018 Junior Black Mountain Resources has completed its restructure, disposing of its interest in the Namekara vermiculite mine, and changing its name to Hipo Resources. Black Mountain in February this year flagged a change in direction to focus on its lithium farm-in agreement in the Democratic... 

Tethyan granted new exploration permit in Kosovo

By: Creamer Media Reporter      12th June 2018 Base metals explorer Tethyan Resources has been granted a new exploration licence in the north-eastern part of the Trepca lead/zinc mining district of Kosovo. The 75 km2 licence, named Bistrice, is valid for three years, with an option to extend that up to three times for a period of two years... 

Stratex partners with Cameroonian company to advance gold exploration projects

By: Marleny Arnoldi     12th June 2018 Aim-listed Stratex International has entered into a conditional option agreement with a well-established Cameroonian company to acquire up to a 90% interest in two early-stage gold exploration projects, Bibemi and Wapouzé, in north Cameroon.  

AngloGold maintains option for Nevada earn-in

By: Creamer Media Reporter      12th June 2018 TSX-V-listed Renaissance Gold, which has based is business model on joint ventures, has received a $200 0000 payment from gold major AngloGold Ashanti to maintain an option to earn into the Silicon gold project in the Bare Mountains of Nevada, US. In its first year of exploration, AngloGold has... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

First Cobalt to spend A$9m on new project

By: Esmarie Swanepoel     12th June 2018 ASX- and TSX-listed First Cobalt has approved a A$9-million works programme at the Iron Creek project, in the US. First Cobalt acquired the Iron Creek project through its takeover of US Cobalt in June. 

Entrée Resources sells Cañariaco royalty

By: Nadine James     8th June 2018 TSX- and NYSE-listed Entrée Resources has sold its 0.5% net smelter return royalty on Candente Copper’s Cañariaco copper project, in northern Peru, to TSX- and LSE-listed natural resources royalty and streaming company Anglo Pacific Group. Under the terms of the agreement with Anglo Pacific,... 

Farellon copper/gold mine on track to meet 5 000 t/m in June

By: Nadine James     8th June 2018 TSX-listed mineral exploration company Altiplano Metals has improved capacity at its Farellon copper/gold mine, in Chile, which was now on track to meet its targeted extraction rate of 5 000 t/ m later this month.   "Through professional management of extraction methods and operations, our team... 

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