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Exploration News

Battery Minerals prepares for Montepuez development

By: Natasha Odendaal     1st December 2017 ASX-listed Battery Minerals is gearing up to start the development of its Montepuez graphite project, in Mozambique, following its $20-million over-subscribed capital raising, the appointment of the lead design engineer and ordering of the primary crusher. Battery Minerals is progressing its... 

Cobalt’s dramatic demand bump gives rise to novel investment vehicle

By: Henry Lazenby     1st December 2017 Cobalt supply constraints, coupled with a never-before-seen boom in the adoption rate of electric vehicles (EV) across the globe, have conspired to create an ideal market in which a pure-play cobalt investment and participation vehicle's profits can outpace its peers. Cobalt, a critical ‘energy... 

Cobalt’s dramatic demand bump gives rise to novel investment vehicle

Orefinders consolidates prospective Shining Tree district, in Ontario’s famed Abitibi

By: Henry Lazenby     1st December 2017 TSX-V-listed Orefinders Resources has entered into agreements for a series of three acquisitions of adjoining properties from two individual landholders and from private company Premet. Orefinders said in a press release on Thursday that it views the Shining Tree District as a significantly... 

Policy certainty needed to drive oil and gas in South Africa

By: Robyn Wilkinson     1st December 2017 The large-scale production of oil and gas has the potential to stabilise South Africa’s economy, relieving unemployment and poverty challenges while driving growth across industries, but government must provide policy certainty and an assertion of future contract stability, says South African Oil... 

Policy certainty needed to drive oil and gas in South Africa
Photo by Bloomberg
IMPORT NEED South Africa must prioritise the import of liquefied natural gas to establish a gas market while indigenous reserves are explored onshore and offshore

South Africa must prepare for oil and gas supply gap

By: Robyn Wilkinson     1st December 2017 South Africa needs to bridge the growing supply and demand gap in its oil and gas sector, says global research and consultancy group Wood Mackenzie research associate Jon Lawrence. 

South Africa must prepare for oil and  gas supply gap
Photo by Bloomberg
WAYS AND MEANS South Africa could channel additional gas imports from Mozambique either through a pipeline or by shipping liquefied natural gas down the coast

South32 upbeat on aluminium, manganese and energy coal prospects

By: Mia Breytenbach     1st December 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 upbeat on aluminium, manganese and energy coal prospects
Photo by Bloomberg
GRAHAM KERR The financial results for the 2017 financial year, with the strides we’ve made towards our sustainability, diversity and safety targets, give me confidence for the year ahead

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global auto markets are adopting electrically powered vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers have estimated at the start of 2017, and is opening up once-in-a-lifetime investment opportunities among the four key ‘energy... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

Orford to capitalise on ‘district-scale’ Qiqavik gold discovery, near-term catalysts in Carolina

By: Henry Lazenby     30th November 2017 Planning is under way for another summer drill campaign at recently-gone-public explorer Orford Mining’s Qiqavik project, in the remote emerging gold belt of Cape Smith, in Northern Quebec. “We’ve discovered a new gold district in Canada. This is like walking into the Timmins Belt for the first... 

Orford to capitalise on ‘district-scale’ Qiqavik gold discovery, near-term catalysts in Carolina
Photo by Orford Mining
Qiqavik prospecting, Northern Quebec

Osisko agrees to extend Falco loan; in talks to pick up Horne 5 stream

By: Henry Lazenby     30th November 2017 Royalties and streaming firm Osisko Gold Royalties has entered negotiations with Abitibi-focused explorer Falco Resources on a precious metal streaming agreement for its Horne 5 project, following Osisko agreeing to extend a loan. TSX-V-listed Falco reported that Osisko has agreed to extend a... 

Sheffield spinoff Carawine raises A$7m in IPO

By: Mariaan Webb     30th November 2017 The new exploration company housing Sheffield Resources gold and base metals assets in Victoria and Western Australia, Carawine Resources, has raised A$7-million in an oversubscribed initial public offering (IPO). Sheffield, which is focusing on the Thunderbird mineral sands project in Western... 

Centaurus intersects cobalt at Brazil's Serendipidade prospect

By: Creamer Media Reporter      29th November 2017 ASX-listed exploration company Centaurus Metals has discovered copper and cobalt mineralisation at the Serendipidade prospect of the Salobo West copper/gold project, in Brazil. Announcing the new exploration opportunity on Wednesday, Centaurus said that near-surface drill intersections had... 

Lupaka kicks off Invicta PEA

By: Henry Lazenby     29th November 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed consulting engineering firm SRK Consulting Canada the lead contractor to prepare a preliminary economic assessment (PEA) on its 100%-owned Invicta gold project. Invicta is an advanced-stage gold/copper polymetallic... 

Osisko Mining cuts 479 g/t gold intercept at Lynx

By: Henry Lazenby     29th November 2017 Gold explorer Osisko Mining has reported more significant intercepts as it progresses an 800 000 m drill programme at its Windfall Lake project, located in the Abitibi greenstone belt of Quebec. Highlights from the latest batch of 27 intercepts in 18 drill holes focused on infill and expansion... 

Noront hits encouraging VMS mineralisation at McFaulds No 8; requests proposals for plant

By: Henry Lazenby     27th November 2017 Ring of Fire (RoF) development champion Noront Resources has intersected encouraging results at the McFaulds No 8 volcanogenic massive sulphide (VMS) deposit, hosted on the property where the first discoveries in the RoF were made and which spurred the initial staking rush in 2002 to 2003. The... 

Dalradian lodges Curraghinalt mine planning permit; closes C$78m private placement

By: Henry Lazenby     27th November 2017 Canadian explorer and development company Dalradian Resources has submitted a mine planning permit application with Northern Ireland’s Infrastructure department (DfI), reflecting a significant milestone in the project’s evolution from a small deposit to a world-class mine. "This is an exciting... 

MRC concludes scoping study on Western Australia's Munglinup project

By: Samantha Herbst     27th November 2017 Following its announcement last week that it had executed a farm-in and joint venture agreement to explore for graphite in Western Australia, ASX-listed explorer Mineral Commodities (MRC) announced Monday that it had completed a scoping study and produced the resultant preliminary economics to... 

CGM, Transition Metals join forces to speed up exploration at newly acquired DeSantis project

By: Henry Lazenby     25th November 2017 Privately held explorer Canadian Gold Miner (CGM) and project generator Transition Metals have teamed up to accelerate exploration of the DeSantis gold project, in the Timmins Gold Camp, Ontario, which the companies acquired from Osisko Mining. CGM, which is 40%-owned by Transition, also acquired... 

SolGold rises on sanguine Cascabel exploration results

By: Henry Lazenby     25th November 2017 Brisbane, Australia-based, dual LSE- and TSX‐listed explorer SolGold has announced positive exploration results at its flagship Cascabel copper/gold project, in Ecuador. Following the arrival of two track-mounted rigs, with a further two having arrived in country, the drill fleet has increased to... 

Mkango pockets £242 000 windfall on warrant exercise

By: Henry Lazenby     25th November 2017 TSX-V- and LSE Aim-listed Mkango Resources has reported that 3.86-million warrants have been exercised, booting its coffers by about £242 000. A total of 3.45-million warrants were exercised at a price of 6.6 pence apiece and a further 418 000 warrants were exercised at a price of 3.5 pence each. 

Katoro adds Lidar survey to Imweru PFS

By: Natasha Odendaal     24th November 2017 Aim-listed Katoro Gold has expanded the prefeasibility study (PFS) of its Imweru gold project, in Tanzania, to include a light detection and ranging (Lidar) survey. The Lidar survey, which has been commissioned without compromising the timeline or budget, will use pulsed laser light to create a... 

Semafo chairperson passes

By: Henry Lazenby     24th November 2017 West Africa-focused gold miner and regional explorer Semafo announced the sudden passing of its chairperson Jean Lamarre on Wednesday, following a short illness. Lamarre joined the company’s board in 1997 and was appointed chairperson in 2000, a position he held until his demise. 

Atlas Copco splits into entities focusing on mining and civil engineering, and the industrial market

By: Dylan Slater     24th November 2017 Construction and mining equipment manufacturer Atlas Copco has started a process to divide the company into two separate entities – Atlas Copco and Epiroc. Epiroc will remain a subsidiary of Atlas Copco.  

Atlas Copco splits into entities focusing on mining  and civil engineering, and the industrial market
SANJAY AHUJA Epiroc is now a house where we can live and breathe mining and rock excavation

Various Moz mining projects making progress

By: Keith Campbell     24th November 2017 The Mozambican Government has approved a resolution authorising Capitol Resources, a subsidiary of British miner Baobab Resources, to undertake mining and related operations in the Chiúta district of Tete province, according to a statement by Cabinet spokesman Armindo Ngunga. The planned... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of the large mineral deposits having been discovered worldwide, and in many cases reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Agromining may provide new opportunities to extract remaining value from mined land

New tin player aiming to achieve steady-state production at Namibian project within 12 months 

By: Mia Breytenbach     24th November 2017 Diversified mineral development company Bushveld Minerals’ tin platform AfriTin Mining, which has assets in Namibia and South Africa, will focus on becoming “The Africa tin champion” by bringing its flagship Uis tin project, in Namibia, to commercial production, says AfriTin Mining CEO Anthony... 

New tin player aiming to achieve steady-state production at Namibian project within 12 months
Afritin Mining CEO Anthony Viljoen discusses newly- Aim-listed Afriting Mining and its strategies.

LSC to acquire Alqa Lihtium, add 2 595 ha in the Salar de Salinas Grandes

By: Henry Lazenby     23rd November 2017 Lithium exploration junior LSC Lithium has entered into a binding contract to acquire all of the outstanding equity of Alqa Lithium, which owns a 100% stake in the Mina Teresa project that comprises 2 595 ha in the Salar de Salinas Grandes, in Jujuy province, Argentina. Under terms of the... 

South32 bullish on aluminium, manganese, energy coal prospects

By: Mia Breytenbach     23rd November 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 bullish on aluminium, manganese, energy coal prospects
Photo by Bloomberg
South32 CEO Graham Kerr

Savannah reports 'significant' lithium intersections at Portugal project

By: Creamer Media Reporter      22nd November 2017 The reverse circulation (RC) drill programme for the Mina do Barroso lithium project, in Portugal, has returned significant intersections of lithium mineralisation, Aim-quoted Savannah Resources reported on Wednesday. The company has completed a further 27 holes f 

Toral exploration licence renewed

By: Creamer Media Reporter      22nd November 2017 ASX- and Aim-listed Ferrum Crescent has been granted a renewed, three-year exploration licence for its Toral project, in Spain, effectively resetting the “exploration clock” for the lead/zinc assets. Ferrum Crescent subsidiary GoldQuest Iberica, which is the holder of the Toral exploration... 

Berkut says maiden Norway drilling programme on schedule

By: Creamer Media Reporter      22nd November 2017 ASX-listed Berkut Minerals is advancing its maiden diamond drill programme at its Skuterud cobalt project in Norway, with the final hole of a six-hole programme currently under way at the historic Middagshville prospect in the southern licence. This will be followed by a single hole at the... 

Canadian federal agency rejects NGO complaint regarding KSM project permitting process

By: Henry Lazenby     21st November 2017 A Canadian federal agency has rejected a request for review (RfR) by nongovernmental organisation (NGO) the Southeast Alaska Conservation Council (SEACC) of the permitting process regarding Seabridge Gold’s Kerr-Sulphurets-Mitchell (KSM) project, in British Columbia. The Canadian National Contact... 

Altus to acquire Legend Gold

By: Anine Kilian     21st November 2017 Aim-listed Altus Strategies has executed a definitive binding agreement to acquire TSX-V-listed Legend Gold, which holds a portfolio of prospective gold exploration projects in western and southern Mali. It has offered Legend shareholders three of its shares for every Legend share held. 

Savannah completes construction of Mutamba pilot plant, commissioning under way

By: Mia Breytenbach     20th November 2017 Aim-listed resource development company Savannah Resources has completed construction of the pilot plant for its bulk metallurgical test work programme at the Mutamba mineral sands project, in Mozambique. The Mutamba project, located in the Gaza and Inhambane provinces, is being developed in a... 

Savannah completes construction of Mutamba pilot plant, commissioning under way
The Mutamba mineral sands project, in Mozambique

Sampling confirms lithium in Namibia – Montero

By: Martin Creamer     17th November 2017 Exploration and development company Montero, which is putting mineralisation to the test in Namibia in search of a lithium resource, on Friday confirmed the presence of the soft silver-white metal in central Namibia. “Montero’s first channel sampling programme has confirmed lithium,” Montero CEO... 

Sampling confirms lithium in Namibia – Montero
Montero CEO Dr Tony Harwood

Venturex raises A$4m from investors

By: Esmarie Swanepoel     17th November 2017 Metals explorer Venturex Resources will raise some A$4-million through an institutional placement to advance its Sulphur Springs copper/zinc project, in Western Australia. The company on Friday said that it would place some 222-million shares, at 1.8c each to institutional and sophisticated... 

Barra raises cash for Mt Thirsty

By: Esmarie Swanepoel     17th November 2017 Junior metals explorer Barra Resources will raise A$1-million through a share purchase plan (SPP) to advance its Mount Thirsty cobalt project, in Western Australia, to beyond the recently completed scoping study. The SPP will allow shareholders to subscribe for up to A$15 000 worth of new... 

Argentina Lithium embarks on 10 000 m drill campaign; open to more acquisitions 

By: Henry Lazenby     17th November 2017 TSX-V-listed lithium explorer Argentina Lithium on Thursday announced that it has appointed a new project manager to oversee a 10 000 m exploration drilling campaign at its two active projects in Argentina – located within the prospective Arizaro and Incahuasi salars. The Vancouver-headquartered... 

Argentina Lithium embarks on 10 000 m drill campaign; open to more acquisitions
Argentina Lithium president and CEO Nikolaos Cacos discusses the company’s new 10 000 m exploration drilling campaign spread over its two main lithium assets, in Argentina. Video: Henry Lazenby; Editing: Lionel da Silva.

Regulatory uncertainty results in inability to comply

By: Nadine James     17th November 2017 Given the uncertainty surrounding the interpretation of the National Environmental Management Act’s (Nema’s) Financial Provision Regulations, most mining companies have decided to wait until the regulations have been finalised before allocating resources to become compliant, says underwriting... 

Regulatory uncertainty results in inability  to comply
LEENTIE SMIT Financial guarantee solutions allow mining clients to fund the mining rehabilitation liability over a period that takes into consideration life-of-mine

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