R/€ = 15.98 Change: 0.07
R/$ = 14.03 Change: 0.07
Au 1222.81 $/oz Change: -1.96
Pt 844.50 $/oz Change: -7.36

Exploration News

Zinc developer secures offtake, funding for Nigeria project

17th August 2018 Australian zinc-focused mineral exploration company Symbol Mining has executed an offtake and marketing agreement for its shipping and sales programme for the Macy zinc project in Nigeria, with international commodities group Noble Resources International. The shipping and sales programme is... 

Wits to host earthmoving, maintenance courses

By: Nadine James     17th August 2018 The University of Witwatersrand (Wits) Centre for Mechanised Mining Systems – part of the Wits Mining Institute (WMI) – will present three-day courses in mechanised earthmoving and in maintenance management in November.  WMI director professor Fred Cawood is delighted to introduce the first two... 

Wits to host earthmoving, maintenance courses
Photo by Creamer Media
FRED CAWOOD These courses are aimed at engineers and technicians, and will be followed up by a best practice workshop on South African mechanised mining lessons in 2019

Call for three-year renewal of Canada’s exploration tax scheme to arrest signs of decline

By: Mariaan Webb     15th August 2018 The Mineral Exploration Tax Credit (METC), which incentivises exploration financing by providing individuals investing in companies exploring for minerals in Canada with a 15% tax credit on eligible expenditures, has to be renewed for at least three years to provide greater certainty and boost... 

Call for three-year renewal of Canada’s exploration tax scheme to arrest signs of decline

Orion turbocharges Prieska study 

By: Martin Creamer     15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... 

Orion turbocharges Prieska study
Photo by Creamer Media
Orion Minerals CEO Errol Smart

NT launches new exploration programme

By: Esmarie Iannucci     15th August 2018 The Northern Territory government has launched a major new airborne geophysical survey is underway in the Tanami Desert as part of the territory government’s A$26-million investment in minerals exploration. The survey is one of the largest of its kind undertaken in the territory and the data... 

Caravel raises funds for WA copper project

By: Esmarie Iannucci     15th August 2018 Junior Caravel Minerals will raise just over A$2-million through a partially underwritten, non-renounceable rights issue to completion additional work at its Calingiri copper project, in Western Australia. Eligible shareholders will be able to apply for one new share for every three shares held,... 

Osisko buys in Québec- and Ontario-focused Beaufield

By: Creamer Media Reporter      15th August 2018 TSX-listed mine developer Osisko Mining announced on Tuesday that it had entered into a definitive agreement to buy TSX-V-listed explorer Beaufield Resources by way of a statutory plan of arrangement. Osisko president and CEO John Burzynski said that the proposed transaction should provide... 

Gold Mountain boosts its exploration efforts in PNG

By: Esmarie Iannucci     14th August 2018 ASX-listed Gold Mountain has completed the assembly and commissioning of a large-capacity mobile plant to process coarse gold and platinum bulk samples. Gold Mountain holds a number of exploration tenements in Papua New Guinea, with its flagship Crown Ridge project in the final stage assessment... 

Randgold looking across the Atlantic

By: Martin Creamer     10th August 2018 African gold mining company Randgold Resources is looking across the Atlantic along the northern edge of South America, which effectively hosts the same geology as West Africa, where the London-listed company has its biggest gold-mining base. This is in addition to intensifying exploration... 

Randgold looking across the Atlantic
Randgold CEO Mark Bristow (left) with Inter Oriental Builders' Feni Matsando Samuel, who built the new hydropower plant on time and on budget with an all-Congolese team.

Australian gold exploration progressing

By: Donald Makhafola     10th August 2018 Exploration and development company West Wits Mining’s (WWI’s) Australian projects, which show similarity to South Africa’s Witwatersrand (Wits) gold deposits, plans to leverage its geology team’s experience of South Africa’s Wits basin to rapidly understand the geology of its two Pilbara assets... 

Australian gold exploration progressing
SMALL-SCALE MINING West Wits Mining is expecting to start its mining operations at the Tambina project before the end of this year

Explorer pursues manganese opportunities

10th August 2018 Perth-based explorer Bryah Resources is looking towards mining manganese in Western Australia, as it assesses development opportunities at the Horseshoe South manganese mine. The company has locked in an exclusive one-year option to purchase the mining lease covering the historical Horseshoe... 

Explorer pursues manganese opportunities
EXPLORATION INTEREST Bryah Resources MD Neil Marston at Horseshoe South mine near Meekatharra in Western Australia

Increased exploration spend boosts services demand

By: Donald Makhafola     10th August 2018 Mining activities and the number of exploration projects in Australia have been steadily increasing since 2017, and this has, subsequently, resulted in an increased demand for South African airborne geophysics technology provider Spectrem Air’s services, says Spectrem Air GM Louis Polomé.... 

Increased exploration spend boosts  services demand
INTERNATIONAL ATTENTION Spectrem Air is focused on international projects, especially in Australia, where exploration spend is steadily increasing

Miner pours first gold, progresses exploration

10th August 2018 Australian junior Mincor Resources’ wholly-owned Widgiemooltha gold project, in Western Australia, has poured first gold. Mincor holds nickel and gold assets with estimated mineral resources and ore reserves for each commodity, in the Kambalda district of Western Australia, which is a major... 

Miner pours first gold, progresses exploration
Photo by Bloomberg
GO FOR GOLD Mincor Resources pours first gold at its Widgiemooltha gold project in Western Australia

Unisa, Mintek officially launch shared imaging facility

By: Nadine James     10th August 2018 The University of South Africa (Unisa) and Mintek officially launched their shared Materials Imaging Laboratory, and specifically their recent acquisition of an X-ray microscope (XRM), which enables both institutions to carry out advanced mineral and material research. In 2017, Unisa and Mintek... 

Greenfield exploration essential to Australia

By: Donald Makhafola     10th August 2018 Greenfield exploration expenditure in Australia has declined in absolute terms and as a share of total exploration expenditure over the past decade; this must be reversed to attract greater mining investment and continue receiving the economic benefits derived from mining, says association for... 

Greenfield exploration essential to Australia
Photo by Bloomberg
MINING LIMITATION Australia's mining sector is constrained by over-regulation, red tape and duplicated environmental laws across most jurisdictions

Rio starts earn-in in Uganda

By: Esmarie Iannucci     9th August 2018 ASX-listed junior Sipa Resources on Thursday reported that its earn-in and joint venture (JV) agreement with the exploration arm of diversified miner Rio Tinto, has now started. The two companies in May struck an agreement that would see Rio earn up to a 75% interest in Sipa’s Kitgum-Pader base... 

Seafloor miner Nautilus says CEO quits

By: Creamer Media Reporter      7th August 2018 TSX-listed ocean floor miner Nautilus on Tuesday announced that president and CEO Mike Johnston had resigned with immediate effect and that independent director John McCoach had taken over as interim CEO. Nautilus chairperson Tariq Al Barwani thanked Johnson for his long service with the... 

Gold Mountain faced with Asic fine

By: Esmarie Iannucci     7th August 2018 Junior explorer Gold Mountain has been fined A$33 000 by the Australian Securities and Investment Commission (Asic) for an alleged failure to comply with its continuous disclosure obligations to the ASX. Asic on Tuesday said that the company has also been restricted from eligibility to issue a... 

Sipa takes greater stake in Great Sandy

By: Esmarie Iannucci     7th August 2018 Junior Sipa Resources has increased its stake in the Great Sandy copper/gold tenements, in Western Australia, to 80%, after spending A$2-million to earn a further 29% stake. Under the terms of a current joint venture (JV) agreement with private company Ming Gold, Sipa earned the majority stake in... 

RenGold in Nevada sublease deal with Newmont

By: Creamer Media Reporter      7th August 2018 Western US focused prospect generator junior Renaissance Gold (RenGold) has entered into a mining sublease agreement with gold major Newmont, covering about 1 120 acres of mineral rights adjacent to claims on its Ecru project, in Nevada. The Ecru project is located in the Cortez area on the... 

Miners set to spend $11bn in search of the next jackpot

By: Bloomberg     7th August 2018 Miners and investors are poring over satellite images, tracking drilling rigs and quizzing company executives for clues on whether the sector’s heavyweights are close to a new jackpot discovery. As Rio Tinto Group searches Australia’s Great Sandy Desert for copper and Anglo American scours a 19... 

Miners set to spend $11bn in search of the next jackpot

Orion starts drilling at high conductance target at Rok Optel

By: Simone Liedtke     6th August 2018 Drilling has started on a high conductance target at ASX- and JSE-listed Orion Minerals’ Rok Optel nickel/copper target on the Namaqua and Disawell mineral rights in the Areachap Belt, in South Africa. “Our first intersection at Rok Optel demonstrated that geological conditions exist for the... 

Novo and Apollo JV in Africa

By: Esmarie Iannucci     6th August 2018 ASX-listed Novo Litio has struck a deal with fellow-listed Apollo Consolidated to acquire its 80% interest in the Boundiali and Korhogo gold permits, in Cote d’Ivoire. Novo will pay a A$250 000 exclusivity fee to Apollo, and on settlement of the acquisition, will issue 90-million shares to the... 

Erudite adopts a fresh approach to transformation 

By: Nadine James     3rd August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

Erudite adopts a fresh approach to transformation
Erudite chairperson Vince Raseroka and CE Johann de Bruin discuss the need for an African-focused EPCM mining services provider. Video: Darlene Creamer; Editing: Nicholas Boyd

Classic raises funds for gold exploration

By: Esmarie Iannucci     3rd August 2018 Junior explorer Classic Minerals has raised A$1.8-million through a share placement to fund drilling at its Forrestania gold project, in Western Australia. The company on Friday said that some 400-million shares were placed at an issue price of 0.45c each to institutional and sophisticated... 

Silver Mines raises A$3.8m

By: Esmarie Iannucci     3rd August 2018 ASX-listed Silver Mines will raise A$3.85-million through a rights issue to fund exploration at its Barabolar project, in New South Wales. The company on Friday announced it will undertake a one-for-four renounceable pro-rata entitlement offer, priced at 3c a share, to raise the funds. 

Drilling results confirm continued high-grade mineralisation

3rd August 2018 Exploration and development company Algold Resources – focusing extensively on gold deposits in West Africa – recently announced its preliminary assay results from its Phase IV 15 000 m drilling campaign, which was carried out on its Tijirit property, in Mauritania. Algold is developing the... 

Drilling results confirm continued high-grade  mineralisation
ANALYSIS PENDING Algold Resources states that assay results from deeper intersections at its Phase IV 15 000 m drilling campaign are still pending with results expected in the coming weeks

Battery metals boom boosting services, project potential

By: Paige Müller     3rd August 2018 There is a boom in the battery metals mining space, owing to a global focus on environment-friendly power initiatives, or ‘green’ energy, says mining industry specialist consultants The MSA Group. MSA Group critical metals principal consultant Michael Cronwright says the company has noted a... 

Battery metals boom boosting services, project potential
KAMATIVI LITHIUM TAILINGS PROJECT The Kamativi lithium tailings project is currently ongoing in Zimbabwe

Angola keen on South African companies entering its diamond sector

By: Rebecca Campbell     3rd August 2018 Angola is working to ensure that the major South African diamond companies can operate in the country. This was stated recently by Endiama Strategic Planning and Minerals Operations Bureau head Laureano Paulo. (Endiama is Angola’s State-owned national diamond company. Its name is an acronym for... 

Tando to accelerate exploration at South African vanadium project

By: Nadine James     2nd August 2018 ASX-listed junior exploration company Tando Resources on Thursday announced that it heliborne magnetic survey has delineated targets that demonstrate the potential for a low-cost direct shipping ore (DSO) operation at its SPD vanadium project, in South Africa. As a result, Tando has decided to... 

Northern Star sets A$60m exploration budget

By: Esmarie Iannucci     2nd August 2018 Gold miner Northern Star Resources has unveiled a A$60-million exploration budget for 2019, in a bid to convert some of its 15.9-million ounce resource to reserves. The miner on Thursday said that the strategy for 2019 is designed to lay the foundations for the next round of growth in both... 

Botswana Diamonds exploration update, says confident it holds licence to Mooikloof

By: Simone Liedtke     31st July 2018 Analysis of Aim-listed Botswana Diamonds’ Free State kimberlites indicates high abundances of diamond inclusion type chemical compositions, thereby rating these kimberlites as being of high interest in terms of their diamond-bearing potential, the company said on Tuesday. The results also... 

Freeport to earn into Serbia licences

By: Creamer Media Reporter      31st July 2018 US miner Freeport McMoRan has agreed an option to earn up to 75% of TSX-V-listed Mundoro Capital’s Savinac and Bacevica exploration licences in the Timok magmatic complex, in Serbia. Freeport will have an option to earn into the licences in two phases, for a total funding commitment of $45-million. 

Brazil studying auction of rights to six unexplored mining areas in 2019

By: Reuters     31st July 2018 Brazil's geological service is studying auctioning off mining rights in 2019 to six previously unexplored areas that have significant potential output of copper, gold, phosphate and other minerals, the head of the organisation told Reuters on Monday. The geological service CPRM, which operates... 

Western Areas strike exploration deal with Iluka

By: Esmarie Iannucci     31st July 2018 Nickel miner Western Areas has signed a farm-in and joint venture (JV) agreement with fellow-listed Iluka, in South Australia. Under the terms of the agreement, Western Areas could earn an initial 51% over the metal rights in five exploration licenses by spending A$2.75-million within a three... 

First phase of Kineta soil sampling programme completed

By: Simone Liedtke     30th July 2018 Multiple coherent soil anomalies with coincident artisanal workings have been defined from the first phase of the soil sampling programme at the Kineta project, which is part of Aim-listed IronRidge Resources’ joint venture (JV) agreement with Gail Resources South Africa, in Côte d'Ivoire. The... 

Liontown gets maiden vanadium resource at Toolebuc

By: Esmarie Iannucci     30th July 2018 ASX-listed Liontown Resources has reported a maiden inferred mineral resource of some 83.7-million tonnes at its Toolebuc project, in Queensland, grading 0.30% vanadium pentoxide. MD David Richards said on Monday that the maiden Joint Ore Reserves Committee-compliant resource, which was based on... 

Golden Rim raises cash for Kouri

By: Esmarie Iannucci     30th July 2018 ASX-listed Golden Rim Resources will raise A$3-million through a share placement to fund work at its Kouri gold project, in Burkina Faso. The company on Monday said that some 116-million fully paid ordinary shares will be placed to institutional and sophisticated investors, priced at 2.6c each,... 

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