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Exploration News

Mining upswing piques renewed exploration interest among Canadian miners

By: Mariaan Webb     5th July 2018 Renewed enthusiasm, thanks to the upswing in the mining cycle, has boosted exploration spending by Canadian miners by 31%, a rate that is more than double the average increase reported by the world’s 40 largest mining companies. According to advisory group PWC, Canada-based mining companies have... 

Nigeria to offer 12.7bn naira mining contract to eight firms

By: Reuters     5th July 2018 Nigeria will offer a 12.7-billion naira ($41.6-million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday, adding both foreign and local firms were encouraged to participate. Nigeria's economy, one of Africa's largest, has been built... 

Drilling resumes at Oldcastle zinc project in Ireland

By: Creamer Media Reporter      4th July 2018 A new drill programme at the Oldcastle zinc project, in Cavan and Meath, Ireland, has been launched, with about 1 800 m of drilling planned, gold and zinc explorer Connemara reported on Wednesday. The Oldcastle project is a joint venture between Connemara and Teck Resources subsidiary Teck... 

Newcrest strikes earn-in deal with Prodigy

By: Esmarie Iannucci     4th July 2018 Gold miner Newcrest Mining has signed a farm-in agreement with ASX-listed junior Prodigy Gold over its Euro project, in the Northern Territory. Under the terms of the agreement, Newcrest could earn an initial 51% interest in the project by spending A$6-million on exploration over a period of... 

Technology Metals adds to Gabanintha portfolio

By: Esmarie Iannucci     4th July 2018 Vanadium developer Technology Metals Australia has acquired a strategic tenement adjacent to its proposed Gabanintha project, in Western Australia. The acquired tenement, which is adjacent to the Northern Block tenements of the Gabanintha project, covers some 109.2 ha and is to the west of the... 

Cradle Arc disposes of Burkina Faso subsidiary owing to deteriorating security

By: Simone Liedtke     4th July 2018 Africa-focused base and precious metals exploration and production company Cradle Arc has disposed of its operating subsidiary Société Miniére de Kerboulé (SMK), in Burkina Faso, which holds the wholly-owned exploration licences of Arae and Gassel-Manere, together comprising the Kerboulé gold... 

Galileo starts Norseman drilling four weeks after listing

By: Marleny Arnoldi     3rd July 2018 Newly listed Galileo Mining on Tuesday reported that drilling was under way at the Norseman cobalt project, in Australia, with two rigs currently on site.  

Hummingbird starts exploration drilling campaign at Yanfolila

By: Simone Liedtke     2nd July 2018 Aim-listed Hummingbird Resources has begun an exploration drilling campaign on its mining permit for its Yanfolila gold mine, in Mali, while simultaneously starting mining at Komana West. The campaign is targeting the conversion of resources to reserves, while extending the mine life of Yanfolila... 

Archer divests of world's largest cryptocrystalline magnesite deposit

By: Esmarie Iannucci     2nd July 2018 Junior explorer Archer Exploration has struck a A$2-million share sale agreement with an unlisted company to divest of its Leigh Creek magnesia project, in South Australia. The Leigh Creek project hosts 48% of the world’s cryptocrystallin magnesite resources and consists of two granted... 

Vital takes the plunge at Bouli

By: Esmarie Iannucci     2nd July 2018 ASX-listed Vital Metals on Monday announced that it will proceed with the earn-in agreement over the Bouli gold project, in the Niger. The company has already spent $1-million on exploration, completing aeromagnetic surveys and drilling as part of the exploration agreement with project owner SUMMA. 

Piedmont widens hunt in the US

By: Esmarie Iannucci     2nd July 2018 Junior Piedmont Lithium has started a by-product study at its Piedmont lithium project, in the US, to evaluate potential quartz, feldspar and mica concentrate by-products. The ASX-listed company said on Monday that it would include revenue potential from by-products in an update of the scoping... 

Coal to reclaim its place as Australia’s top export earner in 2018/19

By: Esmarie Iannucci     2nd July 2018 Australia’s resource and energy export earnings are estimated to have reached a record A$226-billion in 2017/18, driven by rising liquefied natural gas (LNG) exports, the Department of Industry, Innovation and Science said in its latest Resources and Energy Quarterly. LNG export volumes... 

Coal to reclaim its place as Australia’s top export earner in 2018/19

Sibanye enters into strategic exploration partnership to unlock value in Argentina

By: Nadine James     29th June 2018 Precious metals miner Sibanye-Stillwater has entered into an agreement with TSX-listed Regulus Resources, and its newly formed subsidiary Aldebaran Resources, to create a strategic partnership to unlock value at the Altar copper/gold project, in San Juan province, Argentina. Under the terms of... 

Sibanye enters into strategic exploration partnership to unlock value in Argentina
Photo by Creamer Media
Sibanye CEO Neal Froneman

Slim's Minera Frisco, Goldcorp agree tie-up in Mexico

By: Reuters     29th June 2018 Minera Frisco, a mining company controlled by Mexican tycoon Carlos Slim, said on Thursday it had struck an exploration agreement in Mexico with a local unit of Canada's Goldcorp in which the two would be equal partners. The agreement was to explore for, and if possible, exploit minerals in... 

Stonewall Resources to start mining in Mpumalanga in 2019

By: Donald Makhafola     29th June 2018 Australian gold producer Stonewall Resources plans to restart gold production in the fourth quarter of 2019 at the Theta Hill and Vaalhoek mines, near the towns of Pilgrims Rest and Sabie respectively, in Mpumalanga. The mines form part of Stonewall’s fully permitted Transvaal Gold Mining Estate... 

Stonewall Resources to start mining in Mpumalanga in 2019
GEORGE JENKINS Stonewall Resources expects its mineral resource to continue increasing through further reviews of other local mines in the company's portfolio

Feasibility study on Western Cape rare earths mine to be completed in 6 to 12 months

By: Anine Kilian     29th June 2018 The Steenkampskraal rare earths mine, owned by developer Steenkampskraal Holdings, in the Western Cape, is aiming to be a building block in a global rare earths supply chain independent of China. Manufacturers globally are expressing concern over China’s dominance of these strategic elements,... 

Feasibility study on Western Cape rare earths mine to be completed in 6 to 12 months

Unpacking the latest headlines in mining  

28th June 2018 Mining Weekly editor Martin Creamer unpacks Orion Minerals recently raising A$11-million, fuel cell development and Glencore's South African expansion. 

Unpacking the latest headlines in mining
Unpacking the latest headlines in mining

BCI gets maiden resource at Kumina

By: Esmarie Iannucci     28th June 2018 Junior BCI Minerals has reported a maiden Joint Ore Reserves Committee compliant resource for its Kumina iron-ore project, in Western Australia. The project is estimated to host an inferred mineral resource of 78.3-million tonnes at 59.1% iron and a cut-off of 57% iron, or 115.2-million tonnes... 

Victoria aims to kick-start mining boom with A$15m exploration grant

By: Esmarie Iannucci     27th June 2018 The Victorian government has freed up a further A$5.5-million under its A$15-million TARGET Mineral Exploration Initiative, to encourage investment in the region. Resources Minister Tim Pallas said on Wednesday that the co-funded grants would be available to 11 exploration licence holders. 

Nevsun announces inferred resource for Timok Lower Zone

By: Creamer Media Reporter      26th June 2018 The Timok (Cukaru Peki) Lower Zone deposit contains 31.5-billion pounds of copper and 9.6-million ounces of gold, TSX-listed Nevsun Resources said on Tuesday, announcing an initial resource estimate for the project in Serbia. The Timok Lower Zone – a joint venture with Freeport-McMoRan – has a... 

‘Oversubscribed’ exploration incentive shows upswing in confidence – Minister

By: Esmarie Iannucci     26th June 2018 The second round of the Junior Minerals Exploration Incentive (JMEI) has been oversubscribed, with 46 companies successfully applying for the available credits for the 2018/19 income year. Federal Resources Minister Matt Canavan said more than A$31-million has been allocated in the second round,... 

Orion accelerating on all fronts, looking to upscale production

By: Martin Creamer     25th June 2018 ASX- and JSE-listed Orion Minerals has raised an additional A$11-million through a share placement so that it can accelerate on all fronts. This equity capital raising funds the company beyond the bankable feasibility study (BFS) to progress its Prieska zinc/copper project, in South Africa's... 

Orion accelerating on all fronts, looking to upscale production
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Northern Territory lures more explorers

By: Esmarie Iannucci     25th June 2018 The Northern Territory government has recorded the largest number of applications to date for its geophysics and drilling collaboration programme as part of its A$26-million Resourcing the Territory initiative. Minister for Primary Industry and Resources Ken Vowles said changes to the programme... 

Artemis and Novo agree to exploration budget

By: Esmarie Iannucci     25th June 2018 Joint venture (JV) partners Artemis Resources and Novo Resources have agreed to a A$5.4-million exploration and work programme budget in Western Australia. In the first four months of the 12 month period, the JV will focus on bulk sampling, diamond drilling and costeaning activities, primarily... 

Stonewall plans for 2019 restart of production at Pilgrims Rest project

By: Nadine James     22nd June 2018 ASX-listed Stonewall Resources’ Pilgrims Rest gold project, in Mpumalanga, is expected to start production towards the end of 2019. Stonewall Mining South Africa CEO George Jenkins told African Mining Network attendees on Thursday evening that the company is converting its mining permits to... 

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

China continues to encourage foreign mining investment

Exploration delivering results for Kodal at Mali prospect

By: Nadine James     21st June 2018 Aim-listed exploration company Kodal Minerals has discovered high-grade mineralisation intersections following the drilling of an additional 19 drill holes during follow-up and extension drilling at the Sogola-Baoule prospect, in Mali. The intersections had minimum 5 m width, and results were... 

Erris starts brownfield exploration near historic Ireland mine

By: Mariaan Webb     21st June 2018 Mineral exploration company Erris Resources has started a surface diamond drilling programme 300 m south of the old Abbeytown zinc mine in Sligo, Ireland. The surface drilling will test for potential extensions of zinc/lead/silver/copper mineralisation extending south from the old workings at... 

Gold anomaly of over 8 km identified at GoldStone’s Akrokeri-Homase project

By: Creamer Media Reporter      20th June 2018 Aim-listed GoldStone Resources has identified a larger than 8 km gold-in-soil anomaly at its Akrokeri-Homase gold project, in South-West Ghana. The gold-in-soil anomaly, which runs from the historic Akrokeri underground mine to north of the Homase openpit, was identified following a review of the... 

Qld releases more exploration acreage

By: Esmarie Iannucci     20th June 2018 The Queensland government has set aside more than 44 000 km2 of land for resource exploration, Natural Resources, Mines and Energy Minister Anthony Lynham said. Speaking at a conference in Brisbane, Lynham said it was the largest amount of land released under the state’s exploration program and... 

Xanadu raises A$10m for exploration

By: Esmarie Iannucci     20th June 2018 Copper and gold explorer Xanadu Mines has raised A$10-million through an oversubscribed placement to accelerate resource drilling at its Kharmagtai copper/gold project, in Mongolia. The placement comprised some 58.9-million shares, priced at 17c each, to institutional and sophisticated investors. 

Rio takes Alloy up on Paterson offer

By: Esmarie Iannucci     19th June 2018 ASX-listed Alloy Resources has signed a farm-in and joint venture agreement with the exploration arm of major Rio Tinto over an exploration license in the Paterson region of Western Australia. Under the terms of the agreement, Rio Tinto Exploration could earn a 70% interest in the tenement by... 

Alicanto tumbles on Barrick exit

By: Esmarie Iannucci     19th June 2018 The share price of ASX-listed Alicanto Minerals dropped by more than 20% on Tuesday after Canadian miner Barrick Gold Corporation withdrew from the Arakaka earn-in agreement, in Guyana. Barrick had the option of earning a 65% interest in the project by spending $10-million on the project area,... 

Latin Resources secures funds for lithium expoloration

By: Esmarie Iannucci     19th June 2018 Minerals explorer Latin Resources has secured a A$6-million convertible security funding agreement (CSFA) with an optional equity earn-in into the company’s lithium projects in Argentina, with financier Lind Asset Management XII. The funding will include an initial A$2-million, which will be... 

Urban Barry gold camp gold explorers merge

By: Esmarie Iannucci     19th June 2018 TSX-V-listed junior Bonterra Resources and Metanor Resources have struck a merger agreement to create an advanced Canadian gold exploration and development company. Under the terms of the agreement, Bonterra will acquire all of the issued and outstanding shares in Metanor for C$0.73 in equity... 

Canadian project generator seeks to expand base metal/gold holdings

By: Creamer Media Reporter      18th June 2018 Mineral exploration project generator Rainy Mountain Royalty, which acquires early stage exploration projects and deliver them drill target ready to joint venture (JV) partners, is considering opportunities outside Canada, the TSX-V-listed company has revealed. In a news release issued on... 

Group Eleven says Stonepark open towards Glencore’s Pallas Green

By: Mariaan Webb     18th June 2018 The Stonepark zinc deposit in Ireland, which TSX-V-listed Group Eleven owns with Aim-listed Connemara Mining, is likely open towards the neighbouring Pallas Green deposit of mining major Glencore and results from hole drilled in a key area of the resource have returned high-grade results. Hole... 

Group Eleven says Stonepark open towards Glencore’s Pallas Green

Erris gives update on Centerra-funded exploration JV

By: Creamer Media Reporter      18th June 2018 Canada’s Centerra Resources has elected not to earn into the Klippen project, in Sweden, its joint venture (JV) partner Erris Resources reported on Monday, explaining that drill results had confirmed gold mineralisation, but that the nature of the veining was not indicative of a potentially... 

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