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Exploration at Pretium’s Valley of the Kings finds deeper high-grade ore

By: Henry Lazenby Vancouver-based explorer Pretium Resources on Wednesday said that initial results from surface drilling in the ‘Valley of the Kings’ at its flagship Brucejack project, in British Columbia, had confirmed that the gold mineralisation extends below the block model for the December resource... 

Minera IRL optimises flagship Ollachea project in Peru

By: Henry Lazenby Triple-listed Minera IRL on Wednesday revealed improved plans for its flagship Ollachea gold project, in Peru, saying that despite the project’s expected life remaining similar to the 2012 definitive feasibility study (DFS), several areas benefited from the optimisation process. The Lima,... 

Minera IRL optimises flagship Ollachea project in Peru

Northern Minerals decides against Browns Range sale

By: Esmarie Swanepoel ASX-listed Northern Minerals has abandoned the A$26-million sale of a minority interest in its Browns Range heavy rare earths project, in Western Australia. In February last year, Northern Minerals launched a fully underwritten rights issue, which was underwritten by shareholder Conglin Yue and... 

Northern Minerals decides against Browns Range sale

Murgor secures 44 Ontario claims near Aurico’s Young-Davidson mine

By: Henry Lazenby Canadian exploration firm Murgor Resources has secured 44 claims near miner Aurico Gold’s Young-Davidson mine, in Ontario, saying the property holds the potential for a discovery of similar magnitude. Kingston, Ontario-based Murgor said that the claims covered an area of 4 693 ha, located 6 km... 

Murgor secures 44 Ontario claims near Aurico’s Young-Davidson mine

Newstrike Capital uncovers three mineralised structures at Ejutla, Mexico

By: Henry Lazenby Precious metals-focused explorer Newstrike Capital on Tuesday reported that it had found three significant mineralised structural corridors at its Ejutla property, located in Oaxaca state, Mexico. The Vancouver-based firm, which targets known and historic mining districts in Mexico, said that a... 

Newstrike Capital uncovers three mineralised structures at Ejutla, Mexico

Hillgrove signs up for new exploration

By: Esmarie Swanepoel Copper miner Hillgrove Resources has taken over an option agreement from CN Resources over the Kitticoola mine, about 35 km from its Kanmantoo operation, in South Australia. The option agreement provided Hillgrove with the exploration rights and any potential future mining rights over the... 

New Australia exploration figures highlight need for incentive

By: Esmarie Swanepoel Companies are spending significantly less on mineral exploration, especially in Western Australia, new figures by the Australian Bureau of Statistics (ABS) show. Exploration expenditure during the three months to March fell by 8.3% quarter-on-quarter and by 34.1% year-on-year to A$487.7-million.... 

New Australia exploration figures highlight need for incentive

Mozambique and Angola seek to exchange mining expertise

By: Keith Campbell Mozambique and Angola are to strengthen their cooperation in the mining sector. This is the overarching outcome of the recent visit by Mozambican Mines and Mineral Resources Minister Esperança Bias to Angola. The visit was at the invitation of Angolan Geology and Mines Minister Francisco Queiroz.  

Southern Cross divest of Mt Holland tenements

By: Esmarie Swanepoel ASX-listed junior gold developer Southern Cross Goldfields has agreed to sell certain of its Mt Holland tenements to fellow-listed Convergent Minerals in a deal worth A$200 000. Southern Cross said on Wednesday that the Mt Holland tenements complemented Convergent’s own tenements in Western... 

Ramelius tests its luck the Northern Territory

By: Esmarie Swanepoel West Australian gold miner Ramelius Resources has signed a farm-in agreement with ASX-listed junior Tychean Resources over its Tanami land package, in the Northern Territory. The tenement package, which covers some 1 700 km2, includes two granted exploration licenses and six exploration license... 

Dragon Mining signs off on Finland divestment

By: Esmarie Swanepoel ASX-listed junior Dragon Mining has signed a definitive purchase agreement with TSX-listed Aurion Resources over its Kutuvuoma and Silasselka gold projects, in Finland. Under the terms of the transaction, Dragon Mining would receive six-million shares in Aurion, with the Canadian precious metals... 

Sheffield launches PFS at Thunderbird

By: Esmarie Swanepoel Mineral sands developer Sheffield Resources has launched a prefeasibility study at its Thunderbird project, in Western Australia, following its successful capital raising. Earlier this month, Sheffield undertook a share placement to raise A$11.5-million in funding. 

Sheffield launches PFS at Thunderbird

Rising costs threaten Australian gas projects

By: Esmarie Swanepoel Rising costs are threatening Australia’s ability to develop new gas projects, the Australian Petroleum Production and Exploration Association (Appea) has warned. New analysis by Appea and the Australian Bureau of Statistics has highlighted that fewer exploration wells were being drilled offshore... 

Rising costs threaten Australian gas projects

Doray signs up for exploration in WA

By: Esmarie Swanepoel Gold miner Doray Minerals has expanded its gold footprint, entering into a farm-in agreement with fellow listed Alloy Resources over its Horse Well project, in Western Australia. Under the terms of a heads of agreement, Doray would pay Alloy some A$100 000 in cash, and would spend A$2-million on... 

Doray signs up for exploration in WA

Argonaut takes greater stake in Zambian project

By: Esmarie Swanepoel Mineral explorer Argonaut Resources has upped its shareholding in the Lumwana West copper project, in Zambia, increasing its stake from 51% to 90%. The ASX-listed explorer reported on Thursday that it had met its second-phase expenditure target of $2.4-million, and made a final payment of... 

Argonaut takes greater stake in Zambian project

Namibia Rare Earths starts PEA on Lofdal project

By: Henry Lazenby TSX-listed Namibia Rare Earths (NRE) has started work on a preliminary economic assessment (PEA) on the Area 4 heavy rare earth deposit at it flagship Lofdal project, located in north-western Namibia. South Africa-based MDM Engineering is the main consultant, tasked with compiling the report... 

Namibia Rare Earths starts PEA on Lofdal project

Latin hopes to raise cash for exploration

By: Esmarie Swanepoel ASX-listed Latin Resources was hoping to raise as much as A$2-million in a share purchase plan (SPP) to fund drilling at and testwork at its Ilo Este and Guadalupito iron projects, in Peru. Under the SPP, shareholders could purchase between A$500 and A$15 000 of additional shares, at a price of... 

Phillips River eyes South American assets

By: Esmarie Swanepoel Metals explorer Phillips River Mining has moved to acquire a number of coal and phosphate interests in South America from shareholder Kiwanda Mines and its partner Lara Exploration. Under a heads of agreement, signed this week, Phillips River would acquire Lara Exploration’s 19.9% interest in... 

Thor sells its Dundas base metal interests

By: Esmarie Swanepoel Junior Thor Mining has divested of its 60% interest in the base metal rights at the Dundas project, in Western Australia. The Dundas project consists of two tenement areas, and Thor said on Wednesday that it would retain its 60% interest in the gold and associated metals at both tenements 

Talga raises cash for Swedish exploration

By: Esmarie Swanepoel ASX-listed explorer Talga Resources on Wednesday announced that it would raise some A$3.1-million to accelerate the development of its Nunasvaara graphite-graphene project, in Sweden. The junior company said that it would undertake a fully underwritten one-for-ten non-renounceable entitlement... 

Ivanhoe announces C$150m financing to move DRC projects forward

By: Henry Lazenby TSX-listed Ivanhoe Mines on Tuesday announced a C$150-million equity financing to fund development objectives at its two base metals mines in the Democratic Republic of Congo (DRC). The Africa-focused project developer said that it had entered into an agreement with a syndicate of underwriters... 

Ivanhoe announces C$150m financing to move DRC projects forward

Wilcherry Hill proves positive for manganese

By: Esmarie Swanepoel An independent review into ASX-listed IronClad Mining’s Wilcherry Hill operation, in South Australia, has confirmed the project’s manganese potential. Independent reviewer Arc Resources on Tuesday reported that IronClad’s most recent drilling campaign had intersected significant manganese at the... 

Wilcherry Hill proves positive for manganese

Liontown shakes can to fund Tanzania drilling

By: Esmarie Swanepoel Explorer Liontown Resources has agreed to place more than 50-million shares, at 3c each to raise A$1.5-million to advance exploration at its Ibaga copper/zinc project, in Tanzania. The junior said on Monday that the placement was a 14% discount to the company’s last closing price of 3.5c a... 

CME expresses hope that incentives will reignite exploration investment

By: Esmarie Swanepoel The Western Australian Chamber of Minerals and Energy (CME) on Friday expressed its hope that recent government incentives would counter the decline of exploration expenditure in the state. In its quarterly economic brief, the CME noted that during the December quarter, the total resource... 

CME expresses hope that incentives will reignite exploration investment

Exploring Namibia’s rich uranium reserves

By: Carina Borralho Having been involved in the Namibian mining industry since the early 2000s, advanced-stage Canadian explorer Forsys Metals says that it continues to see growth potential in the region and describes Namibia as a mining-friendly and politically stable country. “We have a long history with the... 

Vietnam more welcoming to foreign miners, but constraints remain

By: Keith Campbell March saw the holding of the second ever international mining and minerals conference in Vietnam. Held at the International Centre for Exhibitions in the capital city of Hanoi, Mining Vietnam 2014 was attended by 3 581 trade delegates from 30 countries. This figure included 1 089 company CEOs,... 

Vietnam more welcoming to foreign miners, but constraints remain

Ivanhoe shares hit by funding uncertainty for DRC copper projects

By: Henry Lazenby Africa-focused project developer Ivanhoe Mines said on Thursday that it did not have enough money to meet certain objectives at its two base metals projects in the Democratic Republic of Congo (DRC), unless it received a significant cash injection before the end of the current quarter. The... 

Ivanhoe shares hit by funding uncertainty for DRC copper projects

Mining should adopt oil, gas geological modelling methods – Venmyn Deloitte

By: Martin Creamer The mining sector should adopt some of the advanced modelling techniques that are common in the oil and gas sector, Venmyn Deloitte MD Andy Clay advocates. Clay, who spoke to Mining Weekly Online in the attached video interview, says the oil-and-gas sector has some brilliant techniques for... 

Mining should adopt oil, gas geological modelling methods – Venmyn Deloitte
Photo by Duane Daws
Venmyn Deloitte MD Andy Clay

Despite lifting output, BC mining industry revenues, earnings dip

By: Henry Lazenby Regardless of lifting the province’s total mining output in 2013, British Columbia’s mining industry continued to deal with significant headwinds in the year, resulting in sliding revenues and earnings when compared with the record year of 2011, professional services firm PwC has found in its... 

Despite lifting output, BC mining industry revenues, earnings dip

Orosur Mining to tie the knot with explorer Waymar Resources

By: Henry Lazenby Aim- and TSX-listed precious metals producer Orosur Mining on Monday announced that it would buy junior explorer Waymar Resources in a deal that in Orosur’s words would create a “premier South American gold exploration, development and production company”. Orosur, which operates the San Gregorio... 

Orosur Mining to tie the knot with explorer Waymar Resources

Ochre makes off-market bid for Gondwana

By: Esmarie Swanepoel ASX-listed explorer Ochre Group Holdings has launched an off-market takeover of fellow listed Gondwana Resources. Ochre, which currently holds a 17.65% interest in Gondwana, is offering shareholders A$0.082 in cash for all the remaining shares held, on the condition that a rights issue did not... 

Ochre makes off-market bid for Gondwana

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