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Exploration News

Exploration at Skorpion Zinc picks up copper traces west of pit

By: Felix Njini     23rd November 2007 Namibia-based zinc oxide producer Skorpion Zinc says it will start a major exploration drilling exercise in 2008 in an effort to extend the life-of-mine beyond 2016, when reserves will be exhausted if the current mining rate is maintained. 

Tawana reports ‘encouraging results' from Orapa drilling

By: Christy van der Merwe     21st November 2007 JSE- and ASX-listed diamond explorer Tawana Resources on Wednesday said that the drilling programme at the company's Orapa project, in Botswana, showed kimberlites larger than previously estimated. 

Australian explorer starts drilling for gold in East Africa

By: Christy van der Merwe     21st November 2007 Australian-listed exploration company WCP Resources has begun exploration on its two East African gold projects, which it acquired in August. 

Gold explorer appoints new nonexecutive directors

By: Christy van der Merwe     13th November 2007 Aim-listed gold exploration and development company, Shanta Gold, with interests in Tanzania, announced the appointment of Walter David Scott, and Michael Grosvenor Wuth as non-executive directors of the company on Tuesday. 

Cameroon cobalt project final feasibility due for release

9th November 2007 Cobalt producer Geovic Mining Corporation plans to release the final feasibility study of the Nkamouna cobalt/ nickel/ manganese project in November this year. Geovic Cameroon (Geocam) advises that the feasibility study is premised on processing an average of 2 000 t of concentrate, which is a... 

Africa-focused junior to spend

By: Jonathan Faurie     9th November 2007 Junior mining company African Eagle Resources (AFE) is set to spend  

Exploration advancing at Mozambique’s first possible commercial gold mine

By: Jonathan Faurie     9th November 2007 Exploration is at an advanced stage at what could emerge as Mozambique 

Geoscience council launches project to build Africa’s geophysics capacity

By: Jonathan Faurie     9th November 2007 The AfricaArray project, operated by the Council of Geoscience, the Pennsylvania State University in the US, and Wits University in South Africa, will focus on building Africa's geophysics capacity, to create a workforce of highly trained scientists to meet the long term manpower requirements of... 

Randgold may develop ‘larger than envisaged' Cote d'Ivoire mine

By: Christy van der Merwe     1st November 2007 Gold producer Randgold Resources has completed a rescoping exercise to update the prefeasibility study on the company's Tongon project, in the Ivory Coast, and has indicated a greater resource than initially inferred. 

Botswana grants African Diamonds three more prospecting licences

By: Christy van der Merwe     31st October 2007 BSX and AIM-listed diamond explorer African Diamonds, through its wholly owned subsidiary Kukama Mining, has been awarded three new exploration licenses near Orapa in Botswana. 

Wits Gold first-half loss to narrow

By: Liezel Hill     30th October 2007 JSE-listed Wits Gold expects to report a loss and headline loss a share for the six months ended August 31 of between 10,4c and 12,70c a share, compared with a reported loss of 29,95c for the same period last year.  

Mwana says DRC exploration delivering good results so far

By: Leandi Kolver     26th October 2007 Pan-African exploration and mining company Mwana Africa has completed 4 750-m of a 7 000-m diamond core drilling programme at its Zani/Kodo mining exploration project in the Democratic Republic of Congo (DRC), which has delivered good results thus far. 

Platinum Group Metals appoints COO

24th October 2007 Platinum development firm Platinum Group Metals has appointed Peter Busse as COO of the company. 

New entrant Keaton plans 2 mt/y coal output in medium term 

By: Matthew Hill     24th October 2007 A new coal junior, Keaton Energy, plans to raise some R300-million by the time that it lists on the JSE by end-March, and produce two-million tons a year of the fuel within three years, it said on Wednesday. Speaking to journalists in Johannesburg, MD Paul Miller said that firm could start... 

Teal enters third drilling phase in DRC

By: Christy van der Merwe     19th October 2007 The first and second phases of Teal Exploration & Mining's drill programme at the Lupoto copper project, in the Democratic Republic of Congo (DRC), have been completed, and a third phase drill programme, which aims at increasing the resource, is currently under way. 

PMI Gold buys Ghana gold project

15th October 2007 TSX-V-listed PMI Gold has received stock-exchange approval for, and subsequently completed, the acquisition of the Kubi gold project, in Ghana, from Nevsun Africa, the firm said on Monday.  

Manuel may comment on flow-through shares in February budget

By: Matthew Hill     9th October 2007 The National Treasury-chaired working group studying the prospect of introducing flow-through shares in South Africa will report back to the Minister in a "few months", who could then make a "pronouncement" in his budget speech, in February, a spokesperson said on Tuesday. 

De Beers won't use zeppelin for Botswana exploration after crash

By: Mariaan Webb     3rd October 2007 Gem-miner De Beers, which temporarily suspended exploration using the zeppelin airship after it crashed in Botswana late last month, said on Wednesday that it would no longer use the airship in its prospecting programme in that country. 

Global Uranium awarded two exploration concessions in Niger

3rd October 2007 Canada-based Global Uranium Corporation has been granted two new uranium concessions in Niger, bringing the total number of concessions in Niger held by the firm to six, the company said on Wednesday. 

Encouraging results from Madagascan nickel/copper prospect

3rd October 2007 JSE-listed Jubilee Platinum has reported encouraging results from the most recent borehole drilled on the Antsahabe prospect, in the northern area of its Londokomanana property, in Madagascar.  

‘Excellent’ drilling results from Zambia copper prospect

2nd October 2007 Aim- and ASX-listed Zambezi Resources has received “excellent” results from infill and reverse-circulation (RC) drilling at its Cheowa copper/gold project, in southern Zambia, the firm said on Tuesday. 

African Eagle open to talks with SA firms on potential uranium partnerships 

By: Matthew Hill     1st October 2007 Junior explorer African Eagle Resources, which listed on Johannesburg's AltX on Aug 24, called on South African companies that could be interested in partnering it to develop its early-stage uranium prospects to approach it. 

African Eagle makes 'excellent progress' at Zambian, Tanzanian prospects

By: Matthew Hill     28th September 2007 Aim- and AltX-listed exploration and development firm African Eagle Resources on Friday reported a R6,2-million, loss for the six months ended June 30 as it continued to explore projects in Zambia and Tanzania. 

Mwana progresses exploration at African prospects

By: Olivia Soraya Spadavecchia     25th September 2007 Resource company Mwana Africa gold has completed a reverse circulation (RC) drilling programme at its gold exploration project in Ghana, Konongo, the firm said this week, while drilling at Mwana’s second gold exploration project, Zani-Kodo in the Democratic Republic of Congo (DRC) continues. 

Chrometco loss to widen as exploration gains pace

By: Matthew Hill     25th September 2007 AltX-listed diversified junior Chrometco said on Tuesday that it expected its headline loss to have widened by 35,7% to 2c a share for the half-year ended August 31, as it spent more on exploration and development. 

ICS to complete EIA by year-end at Zambian copper prospect

20th September 2007 The environmental impact assessment process is under way for ICS Copper Systems' Mokambo copper project, in Zambia, and is expected to be completed and approved by the end of the year, the company said on Thursday. 

Mozambique wants foreigners to explore its minerals treasure 

By: Leandi Kolver     14th September 2007 Mozambique has extended an invitation to South African investors to explore opportunities in the country’s minerals sector. 

Canadian firm progresses exploration at DRC gold prospect

10th September 2007 Toronto-listed La Quinta Resources Corporation has completed the first portion of a prospecting and soil geochemical sampling program for gold on the Kampene concession, in the Democratic Republic of Congo (DRC), the firm said on Monday. 

New Mafikeng cement company begins second-phase limestone search

By: Brindaveni Naidoo     7th September 2007 Newly launched cement company Mafikeng Cement Company (MCC) will begin its second phase of drilling and exploration for limestone by the end of September 2007. 

Canadian explorer awaits results of uranium drilling in Madagascar

By: Matthew Hill     4th September 2007  

Study confirms 140 000 oz/y to 200 000 oz/y Sierra Leone mine - Cluff

3rd September 2007 Aim-listed Cluff Gold has completed a scoping study on its Baomahun gold project, in Sierra Leone, confirming that a proposed openpit mining operation could produce between 140 000 oz and 200 000 oz a year of gold.  

Arm lifts headline earnings 161% on increased output, higher prices

By: Matthew Hill     3rd September 2007 JSE-listed diversified miner African Rainbow Minerals (Arm) said on Monday that its headline earnings for the year ended June 30 had rocketed by 161% to a record R1,2-billion, as it boosted production and enjoyed buoyant metal prices. The miner achieved record product sales for platinum group... 

Refocused DRDGold a 'whole new kettle of fish' 

By: Matthew Hill     31st August 2007 Embattled gold producer DRDGold, which has almost completely swung its focus to South Africa, said on Friday that it was a very different company and, for the first time in a long while, could set its eyes on 'serious growth options'. 'It's a whole new kettle of fish,'... 

Outgoing Mintek chief Jourdan sees commodities boom extending 15 to 20 yrs 

By: Mariaan Webb     31st August 2007 With the global demand for almost all commodities continuing to rise, State-owned minerals and metallurgy researcher Mintek's outgoing CEO Paul Jourdan was optimistic that the global commodities boom would last for "at least another 15 to 20 years". 

Chrometco considers offer for SA chrome asset

By: Matthew Hill     31st August 2007 AltX-listed diversified mining firm Chrometco said on Thursday that it had received numerous offers for its chrome resource on portion 2 of the Farm Rooderand in the North West Province, and that it was seriously considering one particular offer of R60-million. 

African Eagle joins the AltX

By: Matthew Hill     24th August 2007 Africa-focused exploration company African Eagle Resources listed 53-million shares on Johannesburg's AltX on Friday, in the presence of a live African hawk eagle, as it became the first inward listing of a resources company without any South African assets.  

Are we heading for uranium oversupply?

By: Christy van der Merwe     24th August 2007 The uranium price is currently at an all-time high, but some analysts argue that this does not seem like a realistic price, particularly when working costs are considered, as the margins are too wide. Market experts believe the price has peaked. 

Joint venture to focus on exploration, dump retreatment and water management

By: Christy van der Merwe     24th August 2007 Gold-mining company DRDGold South Africa and ASX-listed Mintails have come together in a joint venture (JV) on the West Rand called West Wits Mining (WWM), which plans to list on the Australian Stock Exchange, with a dual listing at a later stage on the JSE. 

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