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Exploration News

Eastmain launches $10m bought deal offering, broadens Quebec exploration scope

By: Henry Lazenby     17th June 2016 TSX-listed Eastmain Resources has launched a $2-million work programme, including 5 000 m of diamond drilling at the Éléonore South joint venture (JV) property, in Quebec's James Bay gold district. The programme would be managed by TSX-V-listed Azimut Exploration and also include partner... 

Armadale Capital to acquire Tanzania graphite project

By: Mia Breytenbach     17th June 2016 Aim-quoted natural resources projects developer Armadale Capital has entered into a heads of terms agreement to acquire the Mahenge Liandu graphite project in south-east Tanzania. The company entered into the agreement with Australian company Graphite Advancement Tanzania (GAT), which, through a... 

Armadale Capital to acquire Tanzania graphite project
Photo by Bloomberg
PROPOSED PROGRAMME Armadale’s geologists are currently finalising a proposed work programme with the aim of delineating a Joint Ore Reserves Committee-compliant resource at Liandu

PTM’s new Maseve mine exploiting one of remaining pieces of Merensky ore

By: Dylan Slater     17th June 2016 Precious metals producer Platinum Group Metals (PTM) is set to capitalise on one of the last outcrops of the Merensky reef in Rustenburg, Limpopo with its newly commissioned Maseve mine.  

Australia’s Orion starts maiden drilling programme in S Africa

By: Mariaan Webb     16th June 2016 ASX-listed Orion Gold has started its maiden drilling programme at the Marydale gold project and the historical Prieska Copper (PC) zinc/copper project, in South Africa’s Northern Cape, the company reported on Thursday. The Marydale project is a virgin gold discovery of possible epithermal... 

Klondex expects True North development decision in Q3

By: Henry Lazenby     15th June 2016 Junior gold producer Klondex Mines expects to make a development decision on its recently acquired True North gold mine, formerly known as the Rice Lake mine, in Manitoba, following a mineral resource update expected in the third quarter. The TSX-listed miner advised that it expected to recover... 

Nemaska to graduate to TSX main board, achieves financing milestones

By: Henry Lazenby     15th June 2016 Quebec-based project developer Nemaska Lithium on Wednesday announced that the TSX has conditionally approved the listing of its common shares. Listing of the shares was subject to the currently TSX-V-listed company’s compliance with all of the requirements of TSX on or before September 8, and... 

Peruvian mining volumes continue to grow as new president takes helm

By: Simon Rees     15th June 2016 The Peruvian mining industry is expected to spur renewed growth in the country as output grows, prices stabilise and revive, several speakers told a recent Peruvian-Canadian Chamber of Commerce economic outlook seminar. The recent Peruvian election was so close that the winner Pedro Pablo... 

Peruvian mining volumes continue to grow as new president takes helm
Photo by Reuters
Incoming Peruvian president Pedro Pablo Kuczynski

As lithium demand rises, investors sharpen focus on Chile, Argentina and Bolivia

By: Henry Lazenby     14th June 2016 In line with the breakneck growth in lithium demand, driven by the unprecedented use of the soft, silver-white metal in new battery technologies, investors are increasingly scrutinising South American countries such as Bolivia, Chile and Argentina, where about 70% of the world’s known lithium... 

As lithium demand rises, investors sharpen focus on Chile, Argentina and Bolivia
Photo by Reuters
Bolivia, Chile and Argentina are likely to become key players in the lithium industry, accounting for more than 70% of the world’s known reserves

Project consolidator Oban rebrands as Osisko Mining, updates Marban resources

By: Henry Lazenby     14th June 2016 A famous name in Canada’s recent gold mining history lives again after project consolidator Oban Mining formally announced Tuesday that it would change its name to Osisko Mining. The company said the rebranding exercise would better reflect the corporation's current management, board and... 

Planetary Resources, Luxembourg ink MoU to develop space resource industry

By: Natasha Odendaal     14th June 2016 US-based asteroid mining company Planetary Resources and the government of Luxembourg have teamed up to advance space mining ambitions leveraging the attractive framework for their cooperation within Luxembourg’s SpaceResources.lu initiative. Through a memorandum of understanding between the duo,... 

Tyranna reinforces stake in Challenger gold assets

By: Samantha Herbst     14th June 2016 Resource and exploration company Tyranna Resources has initiated a formal dispute process as a result of repeated claims allegedly made by emerging gold producer WPG Resources that part of exploration licence 5661, which surrounds South Australia’s Challenger gold mineral lease, does not form... 

First mover International Frontier Resources to capitalise on Mexico energy reforms

By: Henry Lazenby     13th June 2016 Mexico's historic energy reform has established a new legal framework for Mexico's energy industry and is expected to attract billions of dollars in foreign investment, something that had spurred Canadian oil and gas project developer International Frontier Resources (IFR) into action. The... 

New imaging technology to potentially disrupt optical industry

By: Henry Lazenby     13th June 2016 Former Vancouver-based rare earths explorer Elissa Resources has in February rebranded as NexOptic Technology and turned its attention to developing cutting-edge imaging technology in cooperation with Calgary-based acquisition target Spectrum Optix. NexOptic CEO Paul McKenzie explained to... 

New imaging technology to potentially disrupt optical industry
Photo by NexOpticTechnology
A rendering of a comparison of a traditional telescope and the NexOptic telescope prototype

Former Romarco CEO to take Wellgreen Platinum’s reins

By: Henry Lazenby     13th June 2016 Yukon Territory-focused Wellgreen Platinum has appointed former Romarco Gold chief Dianne Garrett as its new president, CEO and director. Garrett brought with her more than 20 years of experience in the mining industry, most aptly demonstrated in her role at Romarco, which under her leadership... 

GoviEx embraces ‘new beginning’ as C$5m Denison African asset merger closes

By: Henry Lazenby     13th June 2016 Canadian Securities Exchange-listed project developer GoviEx Uranium and TSX-listed Denison Mines have completed a C$5-million all-scrip transaction to merge their respective African assets to create the largest undeveloped uranium resource base in the world. "The closing of this transaction with... 

GoviEx embraces ‘new beginning’ as C$5m Denison African asset merger closes

Indian govt steps up mineral exploration ahead of private sector entry

By: Ajoy K Das     13th June 2016 India government-owned and -operated mineral companies were stepping up exploration projects across the country as the government hoped it would help catalyse more private sector investment. “The Indian government has put in place an efficient framework to attract private, domestic and foreign... 

Ardiden raises A$2.9m for Canada exploration

By: Mariaan Webb     10th June 2016 ASX-listed Ardiden said on Friday that it was fully funded to complete the due diligence assessment at the Root Lake lithium project, in Canada, and to continue exploration activities at its other projects in the country. The company raised A$2.88-million through a significantly oversubscribed... 

Heightened mining M&A predicted for Brazil as prices surge, debt-burdened majors seek to offload assets

By: Mia Breytenbach     10th June 2016 There will be elevated investment, and merger and acquisition (M&A) activity in Brazil's mining industry over the coming quarters, supported by vast mineral reserves, stabilising mineral prices and debt-burdened major producers who are keen to offload assets, predicts research firm BMI Research.... 

Heightened mining M&A predicted for Brazil as prices surge, debt-burdened majors seek to offload assets
Photo by Bloomberg
RAISING ENVIRONMENT BMI Research expects improving gold prices to spur particular interest in projects in Brazil

Four new periodic elements named, including Asia’s first discovery

By: Henry Lazenby     9th June 2016 The International Union of Pure and Applied Chemistry (IUPAC) has recommended that the names of four new elements to be added to the periodic table be approved following a five-month public review process that would end on November 8. The elements’ discovery teams were invited to name the new... 

Talisman to refocus on wider Springfield deposit, develop exploration strategy

By: Samantha Herbst     9th June 2016 Having completed a high-level study assessing the potential for mining the Monty deposit, in Western Australia, ASX-listed metals developer Talisman Mining plans to shift its exploration focus from inward-looking resource definition to a more systematic exploration strategy. The company noted on... 

Archer increases shareholder cap due to heavily oversubscribed SPP

By: Samantha Herbst     9th June 2016 The board of ASX-listed junior explorer Archer Exploration has elected to increase the previously announced shareholder cap of $500 000 to $2.03-million, owing to the heavily oversubscribed share purchase plan (SPP) that closed on Tuesday, which saw the company receive valid applications for... 

Preliminary licence granted for Horizonte’s Araguaia nickel mine, beneficiation plant

By: Henry Lazenby     8th June 2016 Nickel development company Horizonte Minerals has received a preliminary environmental licence (LP) for the planned Araguaia nickel mine and beneficiation plant from the Brazilian Pará State Environmental Agency (SEMAS). According to the Aim and TSX-listed company, which brought the project from... 

Eureka acquires half of Gemini lithium project, Nevada

By: Henry Lazenby     8th June 2016 TSX-V-listed Eureka Resources on Wednesday announced that it had successfully closed the acquisition of a 50% working interest in the Gemini lithium project, located in the western Lida Valley of Nevada. Under terms of the deal, Vancouver-based Eureka had paid C$96 794 to vendor Nevada Sunrise... 

Resources Watch  

     8th June 2016 Deputy Minister calls for junior mining Migdett; Now is the time for Africa to take charge of mining destiny; And, Integrator has tools for long-term mining company success 

Resources Watch
Resources Watch

RMG inks share price agreement to raise $2m for Chile property

By: Samantha Herbst     8th June 2016 ASX-listed junior RMG has entered into a share subscription agreement with cornerstone investor Epoch Bliss to raise $2-million, before expenses, to fun ongoing activities at RMG’s Chile property and to review other potential opportunities within the resources sector. The agreement, through which... 

PepinNini adds lithium to copper/gold projects in Argentina

By: Mariaan Webb     7th June 2016 Adelaide-based PepinNini Minerals on Tuesday announced that it had applied for eight mining leases over areas prospective for lithium brines in Argentina’s Salta province, where the company had existing mining leases. PepinNini has two projects, Santa Ines and Chivinar, which were prospective... 

Lundin to advance Fruta del Norte to development on positive feasibility

By: Henry Lazenby     6th June 2016 Canadian project developer Lundin Gold, a member of the Lundin Group of Companies, has published the results of a feasibility study for its attractive Fruta del Norte (FDN) gold/silver project, in Ecuador, stating that it would soon move into the development phase for what is one of the... 

Excellon completes all-scrip sale of DeSantis property to Oban

By: Henry Lazenby     6th June 2016 Mexico’s highest-grade silver producer Excellon Resources on Monday reported that it had completed transferring another part of the DeSantis property, in Ontario, to project developer Oban Mining, which held a high-quality portfolio of projects in Canada. Under the all-scrip transaction,... 

Australia exploration spend falls for eighth straight quarter

By: Mariaan Webb     3rd June 2016 The average spend of Australia-listed exploration companies has fallen for the eighth consecutive quarter in the first three months of the year as companies preserve their cash, a quarterly report by BDO Australia has shown. The advisory group stated this week that the exploration expenditure... 

Australia exploration spend falls for eighth straight quarter

Diavik hits 100 Mct as Ekati development gathers pace

By: Henry Lazenby     3rd June 2016 Canada’s largest diamond mine has reached the significant milestone of producing 100-million carats of rough diamonds since the mine started in 2003. A 60/40 joint venture between mining major Rio Tinto and Canada’s Dominion Diamond Corp, Rio Tinto Diamonds, Salt & Uranium MD Simon Trott praises... 

Diavik hits 100 Mct  as Ekati development gathers pace
FUTURE DEVELOPMENT Ekati’s Jay pipe, an 85-million-carat reserve, currently in the feasibility study stage, is expected to come on line in 2020

First phase of Mbeya coal-to-power project’s enviro-, social-impact studies completed

By: Mia Breytenbach     3rd June 2016 Tanzania-focused mineral exploration and development company Kibo Mining reports that Phase 1 of the Mbeya coal-to-power project (MCPP) environmental and social impact assessment (ESIA) has been successfully completed. The phase was completed upon receiving notice from the Tanzanian government... 

First phase of Mbeya coal-to-power project’s enviro-,  social-impact studies completed
Photo by Bloomberg
NEW RESOURCE Kibo Mining increased the total mineral resource of the project in April from 109.2-million tonnes disclosed in the 2012 resource statement to 120.8-million tonnes

Major endorses diamond search

By: Henry Lazenby     3rd June 2016 Explorer CanAlaska Uranium has gained a multimillion-dollar endorsement from the world’s largest crystallised-carbon producer De Beers Group of Companies, after the partners entered into an option-participation agreement for expenditures up to C$20.4-million on kimberlite-style targets staked by... 

While iron-ore price crawls sideways, Champion readies for Bloom Lake revival

By: Henry Lazenby     2nd June 2016 Despite the price outlook for the steelmaking ingredient iron-ore crawling sideways at best in 2016, TSX- and ASX-listed junior Champion Iron is preparing to restart its recently acquired Bloom Lake mine, near Fermont, Quebec, as soon as markets improve. Under the leadership of chairperson and... 

While iron-ore price crawls sideways, Champion readies for Bloom Lake revival
Photo by Henry Lazenby
Champion Iron chairperson and CEO Michael O’Keeffe (L) and VP for engineering David Cataford (R) at Bloom Lake, Quebec

Centerra starts Mexican exploration campaign

By: Henry Lazenby     1st June 2016 Canadian gold producer Centerra Gold has started an exploration campaign at TSX-V-listed Millrock Resources’ Los Chinos and Los Cuarentas gold projects in Sonora State, Mexico. The two companies had on March 30 announced an option-to-joint-venture agreement under which Centerra could earn a 70%... 

Nemaska adds to its lithium-focused patent portfolio

By: Henry Lazenby     1st June 2016 Quebec-based project developer Nemaska Lithium has received a new Canadian patent that describes its proprietary process of preparing lithium hydroxide and lithium carbonate from spodumene sources using membrane electrolysis. TSX-V-listed Nemaska had also received a corresponding patent... 

Gensource outlines PEA for new ‘potash facility like no other’ in Saskatchewan

By: Henry Lazenby     1st June 2016 Potash project developer Gensource Potash has published a preliminary economic assessment (PEA) for its flagship Vanguard project, in Canada’s potash-rich province of Saskatchewan, saying the report indicates that there is “good potential” for an economic potash operation using small-scale... 

Talga ups mineral resource estimate at Vittangi graphite mine

By: Samantha Herbst     1st June 2016 Advanced materials company Talga Resources has upped the mineral resource at its Sweden-based Vittangi graphite mineral resource by 29% more total tonnes, with a grade increase from 24.4% total graphite content (TGC) to 25.3% TGC. The ASX-listed company announced on Wednesday that Vittangi had... 

Bayer, Planetary Resources collaborate to improve agriculture with space data

By: Samantha Herbst     1st June 2016 Prospective asteroid miner planetary Resources is collaborating with multinational chemical and pharmaceuticals company Bayer to provide a new level of crop intelligence for the global agricultural industry. The companies signed a memorandum of understanding on Tuesday that would enable Bayer to... 

Bayer, Planetary Resources collaborate to improve agriculture with space data

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