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Exploration News

Lake shakes the tin for Argentinian exploration

By: Esmarie Swanepoel     22nd March 2018 Lithium explorer Lake Resources has raised A$4.5-million in an oversubscribed share placement. The ASX-listed junior will issue more than 33.3-million shares, at13.5c each, along with a one-for-two attaching option, exercisable at 20c each to sophisticated and professional investors. 

Emgold outlines nearly 300 000 oz of gold, plans 2-phased approach to develop Golden Arrow

By: Henry Lazenby     21st March 2018 A technical report on the Golden Arrow deposit, in Nevada, has outlined compliant indicated and measured resources of nearly 300 000 oz of gold, showing the project is deserving of further work to determine its financial viability, a news release by junior explorer Emgold Mining advised this... 

The lithium sector surge is poised to ignite a deals bonanza

By: Bloomberg     21st March 2018 The tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution. China’s expected to lead a mergers and acquisition bonanza as companies seek to... 

The lithium sector surge is poised to ignite a deals bonanza

Encounter offers two new projects to Newcrest

By: Esmarie Swanepoel     21st March 2018 Junior Encounter Resources has generated and secured two new project opportunities that were being assessed by gold miner Newcrest Mining under an existing project generation alliance. Newcrest and Encounter in December of last year agreed to the project generation alliance, which would see the... 

Apollo takes interest in Spanish project

By: Esmarie Swanepoel     21st March 2018 ASX-listed Apollo Minerals will acquire a 75% interest in the Aurenere tungsten/gold project, in northern Spain, along strike from the Couflens project, in France. Under the share purchase agreement, Apollo would acquire a majority interest in Spain’s NeoMetal for €100 000 cash upfront, and a... 

Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish

By: Henry Lazenby     20th March 2018 Junior project developer Eco Oro Minerals is pursuing a $764-million judgement against Colombia after a court ruling has cancelled exploration over half its concession as part of national efforts to preserve high-altitude wetlands, known as the Páramos. The Vancouver-headquartered company has... 

Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish
Photo by Eco Oro Minerals
Angostura project, Colombia

Angularli hosts significant resource for Vimy

By: Esmarie Swanepoel     20th March 2018 ASX-listed Vimy Resources has reported a maiden mineral resource of 26-million pounds uranium oxide at its Angularli deposit, at the Aligator River project (ARP), in the Northern Territory. The Angularli deposit is located within the King River-Wellington Range project, which has 1 600 km2 of... 

Intermin reports maiden resource at Richmond

By: Esmarie Swanepoel     20th March 2018 Junior explorer Intermin Resources has announced a resource of 2.5-billion tonnes, grading 0.32% vanadium pentoxide for its Richmond project, in Queensland, making it one of the largest vanadium deposits in the world. The company noted that the resource remained open in all directions and was... 

Anaconda turns hostile in bid to buy Maritime Resources

By: Henry Lazenby     19th March 2018 The TSX-V-listed stock of junior explorer Maritime Resources jumped by 20% on Monday morning following an announcement by Atlantic Canada-focused project consolidator Anaconda Mining that it intends to take a takeover deal directly to shareholders following inaction by the Maritime board.... 

Dalradian continues to move Northern Ireland project towards production

By: Creamer Media Reporter      19th March 2018 With the planning application for the Curraghinalt mine submitted, dual-listed Dalradian Resources’ primary goal is to progress the Northern Ireland project to production. This goal will be advanced this year through drilling, engineering and geological studies, as well as environmental and... 

Australia’s junior exploration incentive Bill passes through Senate

By: Esmarie Swanepoel     19th March 2018 Junior explorers have welcomed the passage of the Treasury Laws Amendment (Junior Minerals Exploration Incentive) Bill 2017 through the Senate, with the Association of Mining and Exploration Companies (Amec) saying it was an important amendment to the tax law to support junior explorers and... 

Avanco reports maiden resource at Pantera

By: Esmarie Swanepoel     19th March 2018 ASX-listed Avanco Copper has reported a maiden mineral resource of 20.8-million tonnes, grading 1.7% copper and 0.2 g/t gold at its recently acquired Pantera copper project, in Brazil. The project is estimated to host some 350 000 t of copper and a further 140 000 oz of gold, and has pushed... 

Alara forms JV in Oman

By: Esmarie Swanepoel     19th March 2018 Metals miner Alara Resources has signed a heads of agreement with South West Pinnacle Exploration (SWPE) to form a new joint venture (JV) in Oman. The ASX-listed company said on Monday that the JV would engage in drilling, exploration and mine development activities, and would offer these... 

Wheaton Precious Metals portfolio biased to gold as organic growth pipeline lags

By: Henry Lazenby     19th March 2018 Canadian streaming firm Wheaton Precious Metals (WPM) has seen the proportion of precious metals in its production profile shift, with about two-thirds weighted to gold, as several of its silver-focused organic growth projects languish behind plan. The Vancouver-based company expects to have... 

Wheaton Precious Metals portfolio biased to gold as organic growth pipeline lags
Photo by Bloomberg
Wheaton Precious Metals CEO Randy Smallwood smiles during an interview at the Prospectors & Developers Association of Canada Convention, in Toronto

Papua Mining awarded exploration permit in Australia

By: Marleny Arnoldi     16th March 2018 London-listed exploration company Papua Mining has been granted, through its subsidiary BGM Investments, the Monarch exploration permit to mine in Queensland, Australia. The five-year exploration permit covers an area 10 km south of Charters Towers, where six-million ounces of gold has been... 

Erin Energy widens loss despite higher oil price lifting revenue

By: Simone Liedtke     16th March 2018 Oil and gas exploration and production company Erin Energy has widened its net loss to $151.9-million, or $0.71 a share, in 2017, from $142.4-million, or $0.67 a share in 2016. The loss comes despite a 30% increase in revenue to $101.2-million and lower exploration and production expenses. The... 

Mt Burgess hunts for vanadium in Botswana

By: Esmarie Swanepoel     16th March 2018 The share price of junior Mount Burgess Mining skyrocketed by nearly 72% on Friday as the company revealed plans to conduct an in-depth review of the vanadium content of its Kihabe project, in Botswana. Mount Burgess told shareholders that with the recent increase in the vanadium price, and its... 

Hammer divests of Mt Isa projects

By: Esmarie Swanepoel     16th March 2018 Junior explorer Hammer Metals has taken the decision to divest of its Mt Dorothy and Cobalt Ridge tenements, in Queensland. The company on Friday announced a letter of intent with TSXV-listed Global Energy Metals Corporation (GEMC) to divest of its interest in the eight non-contiguous sub blocks... 

Relaxed export, production quotas an 'inflection point' for Chile's lithium industry

By: Henry Lazenby     16th March 2018 In the days following conservative billionaire Sebastian Pinera being sworn in as president of Chile for a second term on Sunday, the new government is signalling a more relaxed approach to the hot-button issue of lithium production and exports. This week's announcement that the Chilean Nuclear... 

Relaxed export, production quotas an 'inflection point' for Chile's lithium industry

Rare earths company acquires critical metals portfolio in Namibia

     16th March 2018 Heavy rare earth elements project developer Namibia Rare Earths (NRE) has completed the acquisition of a portfolio of critical metal properties from private firm Gecko Namibia, which will see NRE obtain a controlling interest in a portfolio of seven metals properties, thereby expanding its focus... 

Rare earths company  acquires critical metals portfolio in Namibia
RARE MINERALS Namibia Rare Earths has started exploring several mineral deposits across the country

Lawyer hails Mantashe appointment, govt resolve to cooperate with mining

By: Nadine James     16th March 2018 Recent political changes, not least the appointment of Gwede Mantashe as Mineral Resources Minister, combined with the Ramaphosa administration’s seeming resolve to collaborate with industry, particularly the Chamber of Mines (CoM), have resulted in a “cautious optimism” for mining stakeholders,... 

Lawyer hails Mantashe appointment,  govt resolve to cooperate with mining
GEORG KAHLE Mantashe’s commitment to ensuring that an agreement on the charter is reached by June, should result in the legislature’s making the necessary amendments to the MPRDA

Digitalisation, automation to increase across Africa

By: Mia Breytenbach     16th March 2018 Digitalisation and automation in the mining industry have become a reality, says mining and equipment services provider Sandvik Southern Africa sales VP Simon Andrews, who tells Mining Weekly that industry “has stepped beyond the conceptual phase and entered the operational phase”. He suggests... 

Digitalisation, automation to increase across Africa
DIGITALISATION EMPHASIS The OptiMine information management systems are suitable for surface and underground mining applications

Lemur advances Madagascar coal asset

By: Donald Makhafola     16th March 2018 Aim-listed Bushveld Minerals subsidiary Lemur Resources' Imaloto coal asset in Madagascar is at an advanced development stage, being fully explored and ready to start mining, subject to environmental approvals, says Lemur Resources CEO Prince Nyati, who reiterates that all effort and development... 

Lemur advances Madagascar coal asset
NEW COAL ASSET Lemur Resources' Imaloto coal asset in Madagascar is ready to start mining

Gaps in measures against mineral resource misreporting

By: Nadine James     16th March 2018 Addressing delegates at a seminar at SRK’s Johannesburg office last month, corporate consultant and SRK Australia chairman Mark Noppe advised that there are still surprisingly large gaps in the assurance systems that companies use to protect against inaccuracy of reporting mineral resources and... 

Scotgold offloads French exploration licences

By: Creamer Media Reporter      15th March 2018 Aim-listed Scotgold has sold the subsidiary that holds its exploration licence in Vendrennes, France, to focus its effort on the Cononish gold project, in Scotland. The subsidiary, SGZ France, also has applications pending for exploration licences for Penlan and Olivet. 

Oliphant talks up Mantashe's mining pedigree in Toronto

By: Henry Lazenby     15th March 2018 South Africa's Deputy Mineral Resources Minister Godfrey Oliphant talked up the mining pedigree of newly installed Minister Gwede Mantashe during the recent Prospectors and Developers Association of Canada's annual convention, held in Toronto. "His previous mining experience is an advantage for... 

Oliphant talks up Mantashe's mining pedigree in Toronto
Photo by Henry Lazenby
SA Deputy Mining Minister Godfrey Oliphant holds a gold casting of former President Nelson Mandela's hand during the 2018 PDAC convention, in Toronto

Paradigm shift required to position mining industry for long-term success

By: Henry Lazenby     15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... 

Paradigm shift required to position mining industry for long-term success
Photo by BHP Billiton
Escondida, Chile

Fission's latest drill results mark steady high-grade march westward as PLS expands

By: Henry Lazenby     14th March 2018 The final four drill holes of Fission Uranium's winter exploration campaign on the R1515W zone, at its Patterson Lake South (PLS) property, in Canada's Athabasca Basin region, have all returned mineralised intercepts, with three holes encountering high-grade radioactivity. At shallow depth,... 

Fission's latest drill results mark steady high-grade march westward as PLS expands

Rio Tinto teams up with junior in Serbia exploration venture

By: Esmarie Swanepoel     14th March 2018 Mining major Rio Tinto’s exploration arm has reached a $31.5-million earn-in and joint venture (JV) agreement with ASX-listed junior Raiden Resources, over its project holding in Serbia. The earn-in and JV agreement covers Raiden’s Zapadni Majdanpek, Majdanpek Pojas and Donje Nevlje exploration... 

Chile attempts to block China from prize lithium asset

By: Reuters     14th March 2018 Chile's government has asked antitrust regulators to block the sale of a 32% stake in Chilean lithium company SQM to a Chinese firm on the grounds it would give it an unfair advantage in the global race to secure resources to develop electric vehicles. Chile development agency Corfo, which... 

Exploration defines new prospect at Altus’ Mali licence

By: Simone Liedtke     13th March 2018 The first phase of prospecting at exploration project generator Altus Strategies’ Sebessounkoto Sud licence, in western Mali, has defined a 2.3-km-long target – the Soa prospect.   The prospect is located about 22 km from AngloGold Ashanti and IamGold's Sadiola gold mine. “Mapping, outcrop and... 

New Congolese mining code rattling mining companies

By: Megan van Wyngaardt     13th March 2018 Beyond raising costs for domestic miners, a new mining code signed into law by Congolese President Joseph Kabila last week, poses downside risks to the investment outlook of the country’s mining industry over the coming years, as a result of heightened government intervention and regulatory... 

Drilling starts on Thor's Senegal assets

By: Henry Lazenby     12th March 2018 Toronto-quoted exploration junior Thor Explorations has puller the trigger on an 8 000 m reverse circulation (RC) drilling programme on its Douta project, in south-east Senegal. This programme follows on from its successful 2017 RC drilling programme that had identified a number of wide,... 

Drilling starts on Thor's Senegal assets
Photo by Thor Explorations
Thor Explorations starts drilling at Douta, Senegal

Regis reports maiden resource for Rosemont

By: Esmarie Swanepoel     12th March 2018 ASX-listed gold miner Regis Resources has reported a maiden inferred underground mineral resource estimate of 1.4-million tonnes, grading 5.1 g/t gold for 230 000 oz at its Rosemont project, in Western Australia. The resource estimate was sourced from a combination of the two discrete areas... 

St George raises funds for nickel exploration

By: Esmarie Swanepoel     12th March 2018 Nickel explorer St George Mining has raised A$4-million through a share placement to institutional and sophisticated investors to fund exploration and drilling programmes at the Mt Alexander nickel/copper sulphide project, in Western Australia. Some 22.2-million shares, priced at 18c each, will... 

Mauritania encourages new gold prospects

By: Tasneem Bulbulia     9th March 2018 Mauritania-based mining and exploration company Suricate Minerals is capitalising on the unexplored territories and the investor-friendly climate of the country to pioneer the development of gold deposits in north Mauritania, Suricate Minerals executive director Ahmed Hertani tells Mining Weekly.... 

Mauritania encourages new gold prospects
GOLDEN PROSPECTS Suricate Minerals has permits for prospecting in north Mauritania in the Archaean Reguibat shield, recognised by geologists as highly prospective for gold and base metals exploration

Roads agency intensifies mining-sector engagement

By: Nadine James     9th March 2018 Following its successful participation at the 2018 Investing in African Mining Indaba, the Roads Agency Limpopo (RAL) hosted a stakeholder engagement and fundraising session with the mining industry in the Sekhukhune district municipality last month at Lapeng Guest Lodge in Burgersfort, Limpopo.... 

'Suds' strategy pays through the drill bit as Osisko aims at replicating Canadian Malartic success

By: Henry Lazenby     8th March 2018 Celebrated Canadian precious metals firm Osisko Mining is aiming to replicate the success of its 9.4-million-ounce Canadian Malartic gold mine discovery – currently Canada's largest producing gold mine – at its flagship Windfall Lake property, located in the Abitibi greenstone belt of Quebec. The... 

'Suds' strategy pays through the drill bit as Osisko aims at replicating Canadian Malartic success
Photo by Henry Lazenby
Osisko Mining chairperson Sean Roosen during a keynote address at PDAC 2018, in Toronto

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