R/€ = 15.47 Change: 0.03
R/$ = 13.21 Change: 0.06
Au 1239.80 $/oz Change: -1.76
Pt 822.50 $/oz Change: -9.93

Exploration News

American Pacific buys into US projects

By: Esmarie Swanepoel     25th May 2018 ASX-listed American Pacific Borate and Lithium will spend $3-million to acquire a 100% interest in the Salt Wells North and Salt Wells South borate and lithium exploration projects, in Nevada. In addition to the $3-million exploration spend over a five-year period, American Pacific will also be... 

Nautilus unveils spider-inspired sediment sampler

By: Henry Lazenby     25th May 2018 Marine mining pioneer Nautilus Minerals has unveiled a new autonomous sediment sampler called the 'Nautilus Jumping Spider’ for use in sampling deep-sea deposits, that could cut exploration costs “by an order of magnitude”, the company reported on Thursday. Nautilus said it has successfully... 

Ivanhoe Mines’ SA, DRC projects progressing well

25th May 2018 Canadian mining exploration and development company Ivanhoe Mines’ Democratic Republic of Congo (DRC) exploration team is continuing with its regional drilling programme that is targeting the Kamoa-Kakula-style copper mineralisation on its exploration licences in the west of the Kamoa-Kakula... 

Ivanhoe Mines’ SA, DRC projects progressing well
PROJECT DEVELOPMENT Ivanhoe Mines is advancing its Platreef platinum/palladium/nickel/copper/gold discovery in South Africa

East Africa Metals continues to explore Ethiopia

25th May 2018 Mineral exploration company East Africa Metals will continue to explore highly prospective areas in the immediate vicinity of the Terakimti gold project, Mato Bula copper and Da Tambuk gold deposit areas, in Ethiopia. This work will be concurrent with an on-going development review and assessment... 

Galane Gold extends exploration in Botswana

25th May 2018 Southern Africa-focused gold producer Galane Gold has completed additional exploration drilling at the Tau underground gold mine in Botswana as part of its strategy to continue to delineate the extension of Tau at depth to further expand its potential resource. "The decision to move to... 

Galane Gold extends  exploration in Botswana
Photo by Creamer Media
EXPANSION Galane Gold anticipates first production at the Galaxy mine in the first quarter of 2019

Junior miners could successfully navigate challenges in changing energy, resources market

25th May 2018 Recovering commodity prices, renewed optimism in the mining sector, and diversified ownership of Tier 1 mining companies are opening up opportunities for emerging and junior miners to enter the industry, says engineering consultancy company WorleyParsons RSA CEO Denver Dreyer. He explains that... 

Junior miners could  successfully navigate  challenges in changing  energy, resources market
DENVER DREYER The biggest challenge that junior miners face is access to funding

Madaouela and Mutanga uranium projects ready for development

By: Donald Makhafola     25th May 2018 Canadian uranium company GoviEx Uranium’s two projects, the Madaouela project, in Niger, and the Mutanga project, in Zambia, are fully licensed, and the junior company is ready to start the development of these projects to improve supply to the world uranium market. “We have made several... 

Madaouela and Mutanga uranium projects ready  for development
GROWTH In addition to Madouela, GoviEx acquired a second project in Zambia to expand its portfolio and add to its Mutanga project

Diamond evaluation sampling progressing at Botswana BK16 project

By: Melissa Zisengwe     25th May 2018 Some 101 diamonds (18.57 cts), the largest of which was 1.38 ct, were recovered last month from the treatment of the first evaluation samples taken the BK16 kimberlite pipe, which forms part of the Orapa kimberlite field (OKF) in Botswana. Diamond explorer Tsodilo Resources sampling programme... 

Diamond evaluation  sampling progressing at Botswana BK16 project
SAMPLING SORTED Tsodilo Resources has completed processing of all the large diameter drilling samples through its dense media separation plant

Maatla on track for coal project take-off

By: Melissa Zisengwe     25th May 2018 Coal and energy company Maatla Energy remains on track to start site establishment and construction activities later this year, and production in 2019 at the company’s Mmamabula coal mine, in Botswana. Following the approval of an environmental-impact assessment (EIA) last month, Maatla... 

Maatla on track for coal project take-off
Photo by Bloomberg
SIGNIFICANT RESOURCE The Mmamabula coal mine contains more than 90-million tonnes of high-grade thermal coal

Junior miners set to capitalise on ‘new dawn’

By: Donald Makhafola     25th May 2018 There is a mood of optimism sweeping across the country following the election of Cyril Ramaphosa as the President of South Africa and the appointment of Gwede Mantashe as the Minister of Mineral Resources, with the junior mining sector hoping to capitalise on this through proactive initiatives... 

Junior miners set to capitalise  on ‘new dawn’
Photo by African Sun Mining
NEW DAWN Junior miners in South Africa are hoping to get sufficient government support and attract investment, following the election of President Cyril Ramaphosa

Katoro reaffirms mining potential at Imweru

By: Anine Kilian     24th May 2018 Aim-listed Katoro Gold on Thursday confirmed that there was good upside potential for the further development of its Imweru gold project, in Tanzania. The company assessed the economic viability of the project, based on the results of a prefeasibility study and the new mining legislation and... 

Vital finds visible gold in Niger

By: Esmarie Swanepoel     24th May 2018 The share price of ASX-listed explorer Vital Metals increased by nearly 13% on Thursday, after the company reported visible gold at its Bella Tondi prospect, at the Bouli gold project in Niger. MD Mark Strizek told shareholders that visible gold was delivered from one of the drill holes at the... 

Triton advances vanadium play at Nicanda Hill

By: Esmarie Swanepoel     23rd May 2018 ASX-listed Triton Minerals will fast track studies on the vanadium mineralisation at the Nicanda Hill project, in Mozambique. Triton told shareholders on Wednesday that the company was investigating the opportunity to produce a vanadium concentrate or product from Nicanda Hill, given the... 

Chalice moves into battery minerals

By: Esmarie Swanepoel     23rd May 2018 Dual listed gold developer Chalice Gold Mines has extended its reach into the battery metals market, acquiring two vanadium/nickel exploration projects in Queensland and Western Australia. The company told shareholders that it had successfully applied for a suite of exploration licences in the... 

Goldcorp says Peru and Nevada would make portfolio perfect

By: Bloomberg     22nd May 2018 Goldcorp CEO David Garofalo says he’s happy with his company’s portfolio of assets, but that doesn’t mean he doesn’t have a wish list. In an ideal world, the company would have an asset in Nevada’s Carlin Trend. “If you’re an Americas-based gold company, you should be there. Barrick and Newmont... 

Ferrum Crescent completes fundraising to advance Spain project

By: Creamer Media Reporter      22nd May 2018 Exploration company Ferrum Crescent, which will soon be known as Europa Metals, has completed a fundraising to progress resource delineation and to commission an initial scoping study at its lead/zinc project, in Spain. The company on Tuesday issued new shares and options to raise about... 

Bluejay targets 100Mt resource at Greenland prospect

By: Creamer Media Reporter      22nd May 2018 Aim-listed Bluejay is gearing up for an exploration programme to get under way at the Iterlak discovery, which forms part of its Dundas ilmenite project, in Greenland. Bluejay has set itself a target of delivering a maiden resource at Iterlak of more than 100-million tonnes of material at an... 

Bluejay targets 100Mt resource at Greenland prospect

DGO takes interest in De Grey

By: Esmarie Swanepoel     22nd May 2018 ASX-listed DGO Gold has taken a 7% stake in fellow-listed De Grey Mining. Under the investment agreement, DGO would subscribe for 25-million ordinary shares in De Grey, prices at 20c each, for a total investment of A$5-million. 

Titan raises A$11m for Mirador acquisition

By: Esmarie Swanepoel     22nd May 2018 Peru-focused explorer Titan Minerals has raised A$11-million through a share placement to fund the acquisition of the Mirador copper and gold plant, and to fund exploration and development at its Torrecillas and San Santiago gold projects. The share placement, which was priced at 3c a share,... 

Gabanintha offers cobalt potential

By: Esmarie Swanepoel     22nd May 2018 ASX-listed Australian Vanadium has successfully recovered cobalt, nickel and copper in a sulphide concentrate at its Gabanintha vanadium project, which the company said added another saleable battery metal opportunity to the flagship project. The company successfully extracted sulphide... 

Antipa raises exploration funds

By: Esmarie Swanepoel     21st May 2018 ASX-listed junior Antipa Minerals will raise up to A$7.5-million through a share placement and entitlement offer to fund exploration at its Paterson projects, in Western Australia. The company will place some 270-million shares to new and existing shareholders in two tranches, to raise an... 

Talaxis to acquire up to 75% of Mkango’s Songwe project

By: Nadine James     18th May 2018 Noble Group subsidiary Talaxis has entered into definitive agreements with Mkango Resources to acquire up to a 75% interest in Mkango’s Lancaster Exploration subsidiary, as well as a 49% stake in its downstream metals division Maginito Investments. In January, Talaxis paid Mkango £5-million in... 

KGL adds volumes at Jervois

By: Esmarie Swanepoel     18th May 2018 ASX-listed KGL Resources has reported an 18% increase in copper volumes at its Jervois project, in the Northern Territory, on the back of exploration. Total contained copper for the total project area has increased by 18%, to 384 800 t, with the overall grade increasing by 43%, to 1.53% copper. 

Advantageous networking opportunity provided

By: Jessica Oosthuizen     18th May 2018 Spectrometer and analyser supplier Spectrometer Technologies has found that attending the Caminex trade expo, which will be held from June 5 to 7 at the Kitwe showgrounds, in Zambia, is “an exceptional way” of meeting and networking with companies operating in Zambia and the rest of Africa, says... 

Advantageous networking opportunity provided
MIRKO STEINHAGE Throughout the year, there are three or four important mining shows that we feel every company needs to attend, and Caminex is one of those shows

Keliber reports 17% increase in mineral resource estimate

By: Creamer Media Reporter      17th May 2018 Finnish mining company Keliber’s drilling programme has resulted in a 17% increase, or 1.41-million tonnes, in its measured and indicated mineral resources to nearly 9.5-million tonnes. The most significant increase in the indicated mineral resources, almost one-million tonnes, is in the... 

Roxgold increases full-year production guidance after record Q1 output

By: Schalk Burger     17th May 2018 Burkina Faso-focused Roxgold, which operates the Yaramoko mine, produced 40 452 oz of gold during the first quarter of the year ended March 31, and increased its full-year production guidance to between 120 000 oz and 130 000 oz. The record production for the quarter was driven by improved... 

Aethon to acquire base metals project in Chile

By: Creamer Media Reporter      17th May 2018 TSX-V-listed Aethon Minerals has entered into an option agreement with private Chilean company Sociedad Legal Minera La Florida De Canela to acquire a 100% interest in the Llanos De Llahuin project, in Chile. The project is considered to have potential for a substantial copper/gold/molybdenum... 

Kootenay sets its sights on potential high-grade silver/gold deposit in Mexico

By: Creamer Media Reporter      17th May 2018 TSX-V-listed Kootenay Silver has entered into an option agreement to acquire a 100% interest in the Copalito silver/gold project, in Mexico. The project comprises seven concessions totaling about 3 700 ha.  

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Short spell of mining hope dashed – Lorimer
Shadow Mineral Resources Minister James Lorimer

Maiden resource estimate for Asiamet's BKZ

By: Creamer Media Reporter      16th May 2018 London-listed Asiamet Resources believes that its BKZ polymetallic deposit has the potential to be the company’s second mine in the BK district of Kalimantan, Indonesia, the firm said on Wednesday, announcing an initial resource estimate for the project. The resource estimate for BKZ, which is... 

Beowulf raises £1.5m for graphite and magnetite projects

By: Creamer Media Reporter      16th May 2018 Exploration company Beowulf Mining has raised £1.5-million for general working capital purposes and to support its graphite and magnetite activities. The proceeds were raised at 5p a share, said Beowulf, which owns the Kallak magnetite iron-ore project and the Åtvidaberg polymetallic exploration... 

Premier’s Cove PEA sets stage for Nevada-focused exploration camp

By: Henry Lazenby     16th May 2018 Canadian miner Premier Gold has reported strong economic metrics for its 100%-owned Cove project, near Battle Mountain, Nevada. Based on a gold price assumption of $1 250/oz, the PEA calculated an after-tax net present value (NPV), applying a 5% discount rate, of $143-million. 

Golden Reign inks LoI to merge with Wexford Capital’s Marlin Gold

By: Henry Lazenby     16th May 2018 The TSX-V-listed equity of Golden Reign Resources jumped nearly 32% on Tuesday after it announced that it has signed a letter of intent (LoI) to acquire private firm Wexford Capital’s Marlin Gold business. Golden Reign plans to buy all of the issued and outstanding common shares of Marlin Gold,... 

Metal Tiger, MOD to start drilling campaign at Botswana project

By: Marleny Arnoldi     15th May 2018 Natural resource investor Metal Tiger on Tuesday said a significant drilling campaign is starting at the T3 Dome Complex at the company’s 30%-owned joint venture project with MOD Resources in the Kalahari copperbelt, in Botswana. This follows the completion of the public review of the... 

Qld urges action around North West tender

By: Esmarie Swanepoel     15th May 2018 The Queensland government has urged explorers to bid to explore the North West minerals province, before the latest exploration tender closes on May 24. The tender area covers more than 10 000 km2 of the state’s north west. 

Osisko Mining unveils maiden resource estimate for Windfall Lake

By: Henry Lazenby     15th May 2018 Mine developer Osisko Mining has published the first resource estimate for its fully-owned Windfall Lake project, in Quebec’s Abitibi greenstone belt, outlining about 2.8-million gold ounces in the inferred category above the 3 g/t cutoff. Toronto-headquartered Osisko advised in a press release... 

Callinex jumps 35% on viable combined Nash Creek, Superjack PEA

By: Henry Lazenby     15th May 2018 Base metals-focused Callinex Mines has made public the results of a preliminary economic assessment (PEA) examining the production of zinc from the combined 100%-owned Nash Creek and Superjack projects, located in New Brunswick’s prolific Bathurst Mining District, in Maritime Canada. The PEA... 

Rio signs up for Sipa project in Uganda

By: Esmarie Swanepoel     14th May 2018 Junior Sipa Resources has inked an earn-in and joint venture (JV) agreement with mining major Rio Tinto’s exploration arm, for an interest in its Kitgum Pader base metals project, in Uganda. Under the agreement, Rio would have the option to earn an initial 51% interest in the project by... 

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