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Exploration News

Technological advancements unlock midwater mining

By: Paige Müller     8th June 2018 Using effective, remote marine mining tools that can handle rugged and uneven midwater terrains has placed abundant midwater diamond deposits within reach of small-scale mining operations, says local diamond exploration company Mza Diamond Resources CEO Willem Steenkamp. He notes that geologists... 

Battery Minerals on track to produce graphite after raising A$20m

8th June 2018 Minerals explorer Battery Minerals is advancing its Montepuez graphite project in the north-west of Montepuez, Cabo Delgado, Mozambique following the latest fund-raising. The company has received financial commitments for A$20-million through a share placement at 6c a share. The proceeds will be... 

Battery Minerals on track to produce graphite after raising A$20m
STAGE ONE The Montepuez graphite mine will produce 45 000 t/y to 50 000 t/y of graphite concentrate

Heavy rains affect production at Manica gold concession

8th June 2018 The alluvial production at the Manica gold mining concession in Mozambique for the first quarter of the year was disappointing on the back of prolonged heavy rains, although real progress was made, says diversified metals and minerals producer Xtract Resources executive chairperson Colin Bird.... 

Major graphite development shows Mozambique resource potential

By: Melissa Zisengwe     8th June 2018 Australian resources company and graphite miner Syrah Resources says the Balama graphite project is the first major resources development in Mozambique for several years, with the company, along with the Mozambique government, “demonstrating the importance of operating stability in Mozambique to... 

Major graphite development shows Mozambique resource potential
OPERATING STABILITY The Balama graphite project provides a long-term and consistent source of high-grade flake graphite

MMEC conference outlook indicative of state of mining industry

By: Melissa Zisengwe     8th June 2018 The increase in international participation at the sixth edition of the Mozambique Mining, Energy and Natural Gas Conference (MMEC) reflected the state of the Mozambique mining industry, which is an emerging market, says event organiser AME Trade. The conference was held in Maputo on April 25 and... 

MMEC conference  outlook indicative of  state of mining industry
SIXTH EDITION The Mozambique Mining, Energy and Natural Gas Conference was held in Maputo on April 25 and 26

Resources company on target for PFS completion

By: Melissa Zisengwe     8th June 2018 Diversified resources company Savannah Resources says the company is well on target to complete the Mutamba prefeasibility study (PFS) in early 2019, as stage one of the PFS is well advanced and includes a gap analysis, an options review, project planning and budget finalisation for stage two of... 

Resources company on target for PFS completion
ON TARGET The prefeasibility study assesses the Mutamba project’s potential development and the economic aspects

Second binding offtake highlights demand for graphite concentrate

8th June 2018 The external support for the Ancuabe graphite project in Cabo Delgado province, Mozambique in the form of a second binding offtake agreement signed last month, provides “strong” momentum for the engineering, procurement and construction (EPC), financing and development objectives of the project,... 

Second binding offtake highlights demand for graphite concentrate
GRAPHITE SAMPLE About a third of the graphite in Triton Minerals’s deposit is jumbo flake and about 59% is large flake

Diamond industry longevity on the line

By: Paige Müller     8th June 2018 The implementation of enabling mining policies by government is key in safeguarding the South African diamond industry from further decline and a worrying contraction, says Global Diamond Network consultant and industry heavyweight Dr John Bristow. Bristow states that the local diamond mining... 

Diamond industry longevity on the line
DIAMONDS IN THE ROUGH High quality rough gemstone diamonds mined from an alluvial diamond deposit in Northern Cape province

Mustang Resources finds more high-grade vanadium at Moz project

8th June 2018 Emerging multicommodity miner Mustang Resources’ latest assay results for the Caula vanadium/graphite project in northern Mozambique continue to underpin a strong economic outlook for the project, with the miner noting that a maiden vanadium resource is due soon. Mustang Resources announced last... 

Mustang Resources finds more high-grade vanadium at Moz project
HIGH-GRADE VANADIUM The latest assays indicate grades of up to 1.02% vanadium pentoxide and 24.2% total graphitic carbon

Rio Tinto inks exploration agreement with China's Minmetals

By: Reuters     7th June 2018 Global miner Rio Tinto inked a joint venture agreement with China Minmetals Corp on Thursday, as the companies look to explore mineral deposits in China. The 50:50 joint venture with State-owned Minmetals follows a technical agreement signed in November when both parties committed to a... 

Rio Tinto inks exploration agreement with China's Minmetals
Photo by Bloomberg
Rio Tinto CEO Jean-Sebastien Jacques

Nautilus starts wet testing programme for new seafloor diamond drill rig

By: Simone Liedtke     7th June 2018 TSX-listed Nautilus Minerals has started wet testing of its new seafloor diamond drill rig, which it developed to relieve the drilling requirements of its future exploration programmes. The rig, nicknamed the “Hobbit” scout rig, has so far successfully met design targets in a series of land-based... 

Iamgold reports 39% reserve, 16% output rise at Burkina Faso project

By: Marleny Arnoldi     6th June 2018 TSX- and New York-listed gold producer IAMGOLD has announced positive results from a prefeasibility study (PFS) for its Essakane heap leach project, in Burkina Faso.  

Iamgold reports 39% reserve, 16% output rise at Burkina Faso project
IAMGOLD's Essakane gold mine in Burkina Faso

Velocity appoints consultancy to undertake Rozino PEA

By: Marleny Arnoldi     6th June 2018 TSX-listed gold miner Velocity Minerals has appointed consultancy CSA Global Canada Geoscience to complete a preliminary economic assessment (PEA) and a National Instrument (NI) 43-101-compliant mineral resource estimate for the Rozino gold project, in south-east Bulgaria.  

Botswana Diamonds awarded Mooikloof prospect

By: Marleny Arnoldi     6th June 2018 Aim-listed Botswana Diamonds has been awarded a prospecting licence for the 2.5 ha Mooikloof diamondiferous kimberlite pipe concession, in Limpopo, South Africa.  

Botswana Diamonds awarded Mooikloof prospect
Botswana Diamonds CEO John Teeling

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas 

By: Martin Creamer     5th June 2018 The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as... 

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas
Mineral Resources Deputy Minister Godfrey Oliphant announces junior funding at Junior Indaba, covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

One-size-fits-all legislation ill-conceived – Swanepoel  

By: Martin Creamer     5th June 2018 To have one-size-fits-all mining legislation is ill-conceived, mining luminary Bernard Swanepoel said on Tuesday in his opening address to the Junior Indaba. Swanepoel pointed out that Canada and Australia were benefiting from a disproportionate slice of global exploration investment because they... 

One-size-fits-all legislation ill-conceived – Swanepoel
Junior Indaba chairperson Bernard Swanepoel delivering the opening address at junior mining conference, with reporting by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd

Carnaby assembles projects ahead of IPO

By: Esmarie Swanepoel     5th June 2018 ASX-listed mineral sands producer Diatreme Resources and its joint venture (JV) partner Superior Resources have both agreed to vend their interest in the Tick Hill gold project, in Queensland, to Carnaby Resources ahead of its initial public offering (IPO). Diatreme will receive a minimum of... 

Queensland outperforms other states on mineral exploration spend

By: Esmarie Swanepoel     5th June 2018 New data by the Australian Bureau of Statistics (ABS) has found that mineral exploration expenditure rose by 11% during the March quarter, to A$516.7-million, with Western Australia contributing the largest increase of some A$23.7-million. In original terms, mineral exploration expenditure fell... 

Novo shares still trading below May highs after disappointing drill results

By: Esmarie Swanepoel     5th June 2018 The share price of TSX-listed Novo Resources was still trading well below its May highs, after the company last week reported disappointing drilling results from the first bulk sample at its Comet Well project, in the Pilbara. While the first 7.143 t bulk sample returned grades of 10.4 g/t gold,... 

Altus Strategies lists on TSX-V, retains Aim-listing

By: Simone Liedtke     4th June 2018 Exploration project generator Altus Strategies is now dually listed on the London Stock Exchange’s Aim and the TSX-Venture Exchange, with ordinary shares expected to start trading on TSX-V on June 6. As at the listing date, the company had just over 176-million shares in issue and had granted... 

Hammer searching for new partner as Newmont withdraws from Mt Isa JV

By: Creamer Media Reporter      4th June 2018 Gold heavyweight Newmont has withdrawn from the Mt Isa joint venture (JV) with ASX-listed Hammer Resources, leaving the junior company open to negotiations to bring new partners on board to advance exploration. Hammer executive director Alex Hewlett said that the negotiated conclusion of the JV... 

Centrex adds to Ardmore resource

By: Esmarie Swanepoel     1st June 2018 ASX-listed Centrex Metals has reported an increase in the mineral resource estimate of its Ardmore phosphate rock project, in Queensland. Following a recent 342 definition drill hole programme, the project is now estimated to host some 16.2-million tonnes, at 27.8% phosphorus pentoxide, with... 

Canada’s Nautilus aiming to start marine mining in 2019 despite enviro concerns

By: Dylan Slater     1st June 2018 Deep-sea mining is yet to become a major mining activity, and not much is known about undersea deposits of minerals. However, some role-players in the mining industry are claiming that the deep-sea floor could be host to an abundant and untapped resource of highly sought-after commodities, which... 

Canada’s Nautilus aiming to start marine mining in 2019 despite enviro concerns

Oil & gas, mining industries anxious about top brass succession planning

By: Henry Lazenby     31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... 

Oil & gas, mining industries anxious about top brass succession planning

Strong PEA opens door for Eastmain to advance Eau Claire

By: Henry Lazenby     31st May 2018 Toronto-headquartered gold developer Eastmain Resources says the strong economics demonstrated in the recent preliminary economic assessment (PEA) on its flagship Eau Claire project, located in Quebec’s James Bay region, has opened the door to proceed to the prefeasibility stage, while allowing... 

Strong PEA opens door for Eastmain to advance Eau Claire
Photo by Eastmain Resources
Visible gold in core from Eastmain Resources' Eau Claire project, in Northern Quebec

POZ finds buyer for vanadium project

By: Esmarie Swanepoel     31st May 2018 ASX-listed POZ Minerals has executed an option agreement over its Musgraves vanadium project, in Western Australia. The option agreement granted the buyer a three-month exclusive right to purchase the project for A$120 000 in cash and a 1% net smelter royalty on any minerals produced from the... 

Frydenberg nixes phosphate exploration on Christmas Island

By: Esmarie Swanepoel     31st May 2018 The federal government has nixed plans by privately held Phosphate Resources to explore on Christmas Island, with Environment and Energy Minister, Josh Frydenberg saying it was likely to have ‘significant and unacceptable’ impacts on the region. Frydenberg said that the decision followed a... 

Australia’s junior exploration incentive to kick in

By: Esmarie Swanepoel     31st May 2018 Greenfield mineral explorers have been reminded that the federal government’s Junior Mineral Exploration Incentive (JMEI) will open on June 1. The JMEI was passed through the Australian Parliament in March this year, and will see the government provide more than A$100-million over the next four... 

Contractor dies in haul truck accident at Semafo’s Mana mine

By: Simone Liedtke     30th May 2018 An employee at Canada-based gold mining company Semafo’s Mana mine, in Burkina Faso, has passed away after sustaining injuries in a haul truck accident. The accident occurred when the individual, who was driving a haul truck, unexpectedly lost control of the vehicle. 

Gold Fields to set aside acquisitions, sees industry costs rising – CEO

By: Reuters     30th May 2018 South Africa's Gold Fields is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday. Gold Fields' finances might be "a little bit negative" this year before... 

Gold Fields to set aside acquisitions, sees industry costs rising – CEO
Gold Fields CEO Nick Holland

Waterberg DFS progresses, updated resource model expected in Q3

By: Marleny Arnoldi     30th May 2018 The definitive feasibility study (DFS) for TSX-listed Platinum Group Metals’ (PTM’s) joint venture Waterberg Project, in the Bushveld Complex, is progressing well and remains on track for completion at the end of the first quarter of 2019.  

Western Australia names Round 17 candidates for co-funded drilling

By: Esmarie Swanepoel     30th May 2018 The Western Australian government has provided a further A$5.2-million in funding for its Exploration Incentive Scheme (EIS), announcing on Wednesday the successful applicants for Round 17 of the co-funded drilling programme. Mines and Petroleum Minister Bill Johnston said that the latest funds... 

‘There is no knowing where the change will end’ – analyst

By: Henry Lazenby     30th May 2018 The wave of change that the electrification of automobiles brings is moving beyond electric vehicles (EV) to the micro, artificial intelligence and autonomous mobility options, which should increasingly be brought into the outlook for the burgeoning market. “Big gambles and bold leadership does... 

‘There is no knowing where the change will end’ – analyst

IronRidge drilling programme progresses, assays expected in two months

By: Marleny Arnoldi     29th May 2018 Aim-listed minerals exploration company IronRidge Resources on Tuesday reported that its reverse circulation (RC) drilling programme at the Ewoyaa project, in Ghana, had encountered multiple, broad visible pegmatite intersections.  

Exploration under way at Orion Minerals’ Northern Cape prospecting licences

By: Marleny Arnoldi     29th May 2018 Exploration and development company Orion Minerals has started fieldwork in the Areachap Belt, in the Northern Cape.  

Pacton rises on prospective Pilbara property, mining lease buy

By: Henry Lazenby     29th May 2018 Canadian exploration junior Pacton rose to a new 52-week high on Monday after it announced that it has agreed to acquire the Friendly Creek exploration licence and mining leases, in Western Australia, from private Australian vendors. The Vancouver-based company has signed a binding letter of... 

McEwen Mining PEA outlines new lease on life for El Gallo Complex

By: Henry Lazenby     25th May 2018 Dual-listed precious metals producer McEwen Mining has published a preliminary economic assessment (PEA) on its El Gallo Complex, in Sinaloa state, Mexico, outlining a redevelopment plan called Project Fenix that could add between 10 and 12 additional years to the operation. Based on an updated... 

McEwen Mining PEA outlines new lease on life for El Gallo Complex
Photo by Bloomberg
McEwen Mining chief owner Robert McEwen

Endeavour discovers new mineralised zones at Houndé

By: Anine Kilian     25th May 2018 TSX-listed Endeavour Mining has discovered two new large mineralised zones – Kari Centre and Kari West – at its Houndé mine, in Burkina Faso. Following the Kari Pump discovery in December last year, exploration efforts were prioritised on the wider Kari area, which hosts a large gold-in-soil... 

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