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Exploration News

Aukum exclusive prospecting licence conditionally renewed

     13th May 2016 Graphite exploration and development stage company Next Graphite has received the conditional renewal of its exclusive prospecting licence for its Aukam property, in southern Namibia.  

Confidence in Namib project builds despite drill rig issues

     13th May 2016 Aim-quoted mineral resource exploration and development company North River Resources notes that reliability issues with drill rigs at its Namib project, in Namibia, have put pressure on the scheduled completion of the project’s drilling campaign by end June.  

Confidence in Namib project builds despite drill rig issues
DRILLING DEVELOPMENTS The contracted Diamec rig at the Namib project continues to be used for longer drill holes, while the company’s Kempe drill continues with shallower infill and extension targets

Lithium X strikes pilot-production JV accord for flagship Argentina asset

By: Henry Lazenby     12th May 2016 Junior explorer Lithium X has announced Thursday that its 50%-owned subsidiary Potasio y Litio de Argentina (PLASA), which owns 100% of the Sal de los Angeles lithium/potash brine project, in Argentina, has entered into a definitive joint-venture (JV) agreement with a consortium of experienced... 

Goldcorp and Kaminak to tie C$520m knot

By: Henry Lazenby     12th May 2016 Canadian gold major Goldcorp has agreed to buy Kaminak Gold for about C$520-million, a deal that would see the major acquiring Kaminak’s promising 100%-owned Coffee gold project, a structurally hosted hydrothermal gold deposit located about 130 km south of the City of Dawson, in Canada’s Yukon... 

Goldcorp and Kaminak to tie C$520m knot
Photo by Kaminak Gold
Coffee, Yukon

Coventry raises for Alaskan exploration

By: Esmarie Swanepoel     12th May 2016 ASX-listed junior Coventry Resources has raised A$2.7-million through a share placement to advance its exploration and development work at the Caribou Dome copper project, in Alaska. The company on Thursday revealed that it would issue 129-million shares, at a price of 2.1c each, to raise the... 

Sovereign Gold expands its strategy to include lithium

By: Esmarie Swanepoel     12th May 2016 Gold explorer Sovereign Gold on Thursday unveiled plans to expand its gold footprint and to acquire lithium assets, following a strategic review. The company told shareholders that the board had been assessing domestic and international gold and lithium opportunities with a focus of acquiring... 

Klondex lifts 2016 exploration budget despite Q1 loss

By: Henry Lazenby     11th May 2016 Junior gold and silver miner Klondex Mines has swung to a first-quarter loss of $1.1-million, or $0.01 a share, as slightly fewer ounces sold and lower prices, as well as several special items, weighed on the company's bottom line. The TSX- and NYSE MKT-listed company reported revenue of... 

Apollo to raise cash and shake up board

By: Esmarie Swanepoel     11th May 2016 Metals explorer Apollo Minerals is hoping to raise A$4.4-million to fund its search for new projects. The ASX-listed junior said on Wednesday that it would seek shareholder approval for a one-for-four share consolidation, thereby reducing its current number of shares on issue to 1.5-million. 

Lithium Australia to divest of graphite assets

By: Esmarie Swanepoel     10th May 2016 ASX-listed Lithium Australia would divest of its five Western Australian graphite projects in order to focus on its lithium assets. The junior company on Tuesday told shareholders that since 2014, the company has been working to acquire a pool of assets covering both lithium and graphite after... 

Oklo raises cash for Mali exploration

By: Esmarie Swanepoel     9th May 2016 Gold explorer Oklo Resources would raise A$10-million through a share placement to sophisticated and institutional investors, to accelerate exploration at its gold projects in Mali. The ASX-listed junior told shareholders that the share placement, which was priced at 12.5c each, would be... 

Latin American Minerals overcoming hurdles to get back on track

By: Simon Rees     6th May 2016 Despite strong economic headwinds, several junior and midtier miners were able to advance projects towards near-production or into operation during the downcycle’s trough; however, plenty of others were less fortunate and had to retrench, mothball or even capitulate. Other projects and operations... 

Developer boosts focus on mine planning software

By: Sebastian Whyle     6th May 2016 Continuing exploration challenges in South Africa have led leading provider of innovative software solutions, MICROMINE, to enhance and continue its focus on exploration and three-dimensional (3D) mine planning, which, subsequently, has assisted in boosting the uptake of mining and scheduling... 

Developer boosts focus on mine planning software
PIECE OF MIND The Micromine solution’s data-validation features enable users to ensure that a job has been completed correctly

Feasibility study starts on phosphate JV

By: Mia Breytenbach     6th May 2016 ASX-listed exploration and development company Minbos Resources last month started work with joint venture (JV) partner Petril on the bankable feasibility study (BFS) work programmes for the high-margin, high-grade phosphate Cabinda project, in Angola. The 391.3-million-ton project, with an... 

Feasibility study starts on phosphate JV
Photo by Bloomberg
HIGH PROSPECT The high-margin, high-grade phosphate Cabinda project, in Angola is an estimated 391.3-million-ton project, with an estimated ten-year mine life

Gold explorer seeks A$5m a year to advance Burkina Faso, Côte d'Ivoire projects

By: Ilan Solomons     6th May 2016 Mineral exploration company Predictive Discovery (PD) is seeking partners that can assist in funding and developing its gold exploration projects in Burkina Faso and Côte d'Ivoire. The company aims to raise sufficient funds – about A$5-million a year – to undertake exploration and development... 

PTM completes Maseve plant commissioning, lowers guidance

By: Henry Lazenby     5th May 2016 On the heels of completing the commissioning of its Maseve mine plant on March 31, South Africa-focused precious-metals producer Platinum Group Metals (PTM) has produced about 1 700 4E ounces, containing platinum, palladium, rhodium and gold, in April alone. The Vancouver-incorporated company... 

PTM completes Maseve plant commissioning, lowers guidance
Photo by Platinum Group Metals
Maseve plant, South Africa

Venturex expands lithium footprint

By: Esmarie Swanepoel     4th May 2016 ASX-listed junior Venturex Minerals has expanded its land-holding in the Balingup metamorphic belt, in Western Australia, as it continues its hunt for lithium in the region. The metals explorer has secured a number of highly prospective lithium prospects in the region, making it the largest... 

Elementos and Chinalco dissolve Millennium JV, sell assets

By: Esmarie Swanepoel     4th May 2016 Junior tin developer Elementos and fellow-listed Chinalco Yunnan Copper Resources have dissolved their Millennium joint venture (JV), in Queensland, with the parties selling their interest in five mining leases to ASX-listed Hammer Metals. Elementos and Chinalco in 2013 entered into the JV... 

Exploration, mining expected to grow in importance for cement producer PPC 

By: Martin Creamer     3rd May 2016 The medium-term game plan of African cement producer PPC is to find new resources needed by its operations, which will probably require it to engage in some form of exploration and eventual mining close to where urban development is expected in Africa. Over time, the resources side of the... 

Exploration, mining expected to grow in importance for cement producer PPC
PPC CEO Darryll Castle outlines the company's strategy to Martin Creamer

Sayona to acquire Canadian lithium project for C$4m

By: Esmarie Swanepoel     3rd May 2016 ASX-listed Sayona Mining has inked a binding term sheet with Glen Eagle Resources to acquire Glen Eagle’s Authier lithium project, in Canada, for C$4-million. The company told shareholders on Tuesday about the agreement, which was subject to the completion of a 60-day due diligence. 

Orion sells Eastern Goldfields assets, looks for more buyers

By: Esmarie Swanepoel     3rd May 2016 ASX-listed Orion Gold has struck a deal with fellow-listed Eastern Goldfields to divest of its non-core Eastern Goldfields project, in Western Australia. The Eastern Goldfields project comprises a non-contiguous tenement package located in the Eastern Goldfields region, with Orion saying on... 

Venturex to hunt for lithium in WA

By: Esmarie Swanepoel     3rd May 2016 Base metals explorer Venturex Resources is weighing the potential for lithium discoveries at its Sulphur Springs tenements in Western Australia, after Canada’s MacArthur Minerals applied for exploration licences nearby to hunt for hard rock lithium mineralisation. Venturex told shareholders on... 

Kipushi PEA places Ivanhoe’s DRC redevelopment project in league of its own 

By: Henry Lazenby     3rd May 2016 Africa-focused project developer Ivanhoe Mines has reported strong operating metrics for the high-grade Kipushi zinc/copper mine, in the Democratic Republic of Congo (DRC), after publishing a new preliminary economic assessment (PEA) Monday. The PEA, conducted by consulting engineering firms... 

Kipushi PEA places Ivanhoe’s DRC redevelopment project in league of its own
Photo by Ivanhoe Mines
Kipushi drilling, DRC

Sulliden signs option to acquire Quebec-based Troilus mine from First Quantum

By: Henry Lazenby     2nd May 2016 TSX-listed Sulliden mining has entered into a two-year option agreement with First Quantum Minerals to earn a 100% interest in the past-producing Troilus mine, located in the Abitibi mining region of Quebec. Under the agreement Sulliden would be required to spend a minimum of $1-million on... 

Cazaly and Lithium Australia join forces in WA

By: Esmarie Swanepoel     2nd May 2016 ASX-listed Cazaly resources and fellow-listed Lithium Australia have agreed to combine their Western Australian assets and jointly hunt for pegmatite minerals, including lithium. The agreement would combine the two companies’ present and future lithium mineral interest within a 100-km radius of... 

Dakota raises funds for exploration

By: Esmarie Swanepoel     2nd May 2016 Strategic metals explorer Dakota Minerals has raised A$12.3-million through a share placement to accelerate drilling at its Lynas Find lithium project, in Western Australia. The ASX-listed company placed 61.6-million shares, priced at 20c each, to institutional and sophisticated investors to... 

Oz backs Minotaur findings in South Australia

By: Esmarie Swanepoel     29th April 2016 Junior explorer Minotaur Exploration has identified a number of new copper-gold targets around producer Oz Minerals’ Prominent Hill operation, in South Australia, which would now be investigated further. In October of last year, the two companies signed a heads of agreement that allowed Minotaur... 

Companies bought to enhance training offering

     29th April 2016 Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

Emphasis on opportunities in harsh business climate

By: Simon Sonnekus     29th April 2016 The West African Mining & Power Exhibition (Wampex) 2016 will showcase the opportunities that still exist in the challenging African market, says events company and organiser dmg-ems Africa VP Christine Davidson. The biennial event, which has been running for 22 years, will return to the Accra... 

Emphasis on opportunities  in harsh business climate
GLOBAL ATTRACTION Between 50 and 100 companies are expected to attend, with exhibitors from China, the UAE, France, Poland, South Africa, the UK and Turkey confirmed

Geology data of Botswana district launched for public perusal

By: Dylan Slater     29th April 2016 Exploration and earth sciences company Geosoft launched its Botswana Geoscience Portal last month, which is a partnership initiative with the Botswana Geoscience Institute and industry sponsors. Data available on the Botswana Geoscience Portal includes airborne geophysics, ground geophysics and... 

Gold explorer reports positive results from Tanzania campaign

By: Mia Breytenbach     29th April 2016 East Africa-focused gold producer, developer and explorer Shanta Gold has intersected encouraging mineralisation at its Ilunga prospects, in south-west Tanzania. Drilling at Ilunga forms part of Shanta Gold’s regional exploration programme within and surrounding its flagship asset, the New Luika... 

Gold explorer reports positive results from Tanzania campaign
Photo by Bloomberg
ADDED ASSETS In addition to its flagship asset, the New Luika Gold Mine, Shanta Gold has ongoing regional exploration programme within and surrounding the mine

Insights into mining climate in Burkina Faso and Côte d’Ivoire

By: Ilan Solomons     29th April 2016 Conducting mining and exploration activities in Burkina Faso and Côte d'Ivoire are not without challenges, but both countries hold “great potential” for determined exploration and mining companies, mineral exploration company Predictive Discovery (PD) MD Paul Roberts tells Mining Weekly. PD has... 

Mining graduates urged to show ingenuity amid bleak near-term jobs outlook

By: Dylan Slater     29th April 2016 The job prospects for the growing number of South African mining engineering graduates has become increasingly uncertain as a result of the plunge in commodities prices. In fact, mining industry leaders, who attended the University of the Witwatersrand's (Wits') School of Mining Engineering... 

Mining graduates urged to show ingenuity amid bleak near-term jobs outlook

Society aims to integrate more students into mining sector 

By: Kimberley Smuts     29th April 2016 The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

Pioneer signs option over WA lithium project

By: Esmarie Swanepoel     26th April 2016 ASX-listed junior Pioneer Resources has entered into an option agreement to acquire a 90% interest in the Donnelly lithium project, in Western Australia. Under the terms of the agreement, an initial payment of A$10 000 was due for an exclusive option, and would pay the vendors A$1-million in... 

Arizona Mining closes C$15.6m financing with Osisko Gold Royalties

By: Henry Lazenby     25th April 2016 Canadian mineral exploration and development company Arizona Mining has closed a C$15.6-million financing with Osisko Gold Royalties, enabling Arizona to undertake an aggressive drill campaign at its flagship Taylor deposit, and for general working capital uses. TSX-listed Arizona has sold a 1%... 

With permits in hand, Mexus starts mine construction

By: Henry Lazenby     25th April 2016 US exploration firm Mexus Gold US has received all environmental and mining permits required to start work on the area that will become Mexus’ openpit heap leach mine on the Julio/Santa Elena property, located 54 km northwest of Caborca, Mexico. The company advised on Monday that it would clear... 

Market slowdown sinks Precision Drilling’s Q1 performance

By: Henry Lazenby     25th April 2016 A marked decline in business activity during the quarter ended March 31 has pushed North American oil and gas industry services provider Precision Drilling’s earnings into negative territory, forcing it to suspend its dividend. The Calgary, Alberta-based company on Monday reported that activity... 

Randgold to start geophysical survey over Loncor's Ngayu project

By: Henry Lazenby     25th April 2016 Africa-focused gold miner Randgold Resources will start a geophysical survey over joint-venture (JV) partner, TSX-listed Loncor Resources' Ngayu project, in the Democratic Republic of Congo (DRC). LSE- and Nasdaq-listed Randgold will make use of high-resolution, helicopter-deployed,... 

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