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Exploration News

Roxgold on track with Bagassi South project, ups Yaramoko output

13th April 2018 Canadian gold miner Roxgold has started construction at the Bagassi South gold project in south-western Burkina Faso, with development progressing according to plan. The environmental and social permitting as well as the compensation activities of the project have been completed. 

W Africa exploration to benefit from global mining upturn

By: Erin Steenhoff-Snethlage     13th April 2018 Global investor confidence in mining is slowly returning, but opinion is divided about whether mines will be able to maintain and grow production without relinquishing their cost discipline of the past few years, states the Prospectors & Developers Association of Canada (PDAC). There has been... 

W Africa exploration to benefit from global mining upturn
GLENN MULLAN The Prospectors & Developers Association of Canada says the recovery of the global mining industry will have a knock-on effect in mining exploration and investments in West Africa

Software, digitalisation to enhance mining productivity, efficiency

By: Mia Breytenbach     13th April 2018 Amid the recent economic downturn, with the global mining industry having to deal with volatile commodity prices, as well as the increasing need to improve operational efficiencies and address safety concerns, mining software solutions provider MICROMINE global marketing manager Kate Gilbey... 

Software, digitalisation to enhance mining productivity, efficiency
INCREASING AWARENESS Mining companies recognise the need to improve their processes to increase productivity and output and, ultimately, realise a healthier bottom line

Diamond producers conference calls for collaboration, cooperation between stakeholders

By: Nadine James     13th April 2018 Mining industry body South African Diamond Producers Organisation (Sadpo) hosted its second yearly Digger’s Conference at the All Seasons Resort in Christiana, in North West province, last month. The organisation chose Christiana because it is centrally located between the two provinces where the... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

By: Nadine James     13th April 2018 While there is no doubt that conglomerate gold has been discovered in the Pilbara, the broader understanding of this style of gold mineralisation in the Pilbara remains incomplete, and therefore any comparisons with the Witwatersrand (Wits) Basin are premature, states SRK Consulting geologist... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

TSX-V conditionally approves listing of Altus Strategies’ shares

By: Marleny Arnoldi     12th April 2018 Africa-focused exploration project generator Altus Strategies has received conditional approval from the TSX Venture Exchange (TSX-V) to list the company’s ordinary shares on the exchange.  

Black Mountain shakes tin for exploration funds

By: Esmarie Swanepoel     12th April 2018 ASX-listed junior Black Mountain Resources was looking to raise up to A$3.2-million to fund exploration. The company on Thursday announced a non-renounceable entitlement issue of one fully paid ordinary share for every one share held, at an issue price of 2c a share. One free attaching option... 

Mayur shakes the tin for exploration work

By: Esmarie Swanepoel     11th April 2018 Diversified junior Mayur Resources has raised A$7.8-million in a share placement to professional and sophisticated investors. The company will place 9.75-million chess depository interests to both new and existing shareholders, at a price of 80c each, under its existing placement capacity. 

Barra sets exploration targets at Main Lode

By: Esmarie Swanepoel     11th April 2018 Gold developer Barra Resources has tipped the historic Main Lode gold mine as its priority exploration target for 2018. Forming part of its greater Burbanks gold project, the Main Lode underground mine was abandoned at the start of World War One, and has not been mined since. 

Canada's Saskatchewan sees smaller fiscal deficit as spending kept tight

By: Reuters     11th April 2018 The Canadian province of Saskatchewan, home to major potash and uranium reserves, said on Tuesday it would run a smaller deficit in the current fiscal year and balance its books in 2019/20 as it keeps a tight lid on spending despite projected higher commodity prices. Saskatchewan, which has... 

Former South African President Kgalema Motlanthe joins Ivanhoe board

By: Henry Lazenby     10th April 2018 Former South African President Kgalema Motlanthe has joined the board of project developer Ivanhoe Mines with immediate effect, the company announced on Tuesday. In his new nonexecutive capacity, Motlanthe is expected to bring a “new dimension” to the company’s strategic evaluations, consensus... 

Former South African President Kgalema Motlanthe joins Ivanhoe board
Photo by Creamer Media
Former South African President Kgalema Motlanthe

Lithium Americas rises on Nevada Lithium project resource growth

By: Henry Lazenby     10th April 2018 A new technical report on Lithium Americas’ 100%-owned Lithium Nevada project has increased the compliant measured and indicated resources by about 80% over the prior 2016 estimate, establishing the company as the largest and highest-grade known claystone lithium resource in the US. The National... 

US to lead global crude production as soon as 2023 – IEA

By: Henry Lazenby     10th April 2018 US shale production growth is expected to lift the jurisdiction to being the top oil producer globally by 2023, a report from the International Energy Agency (IEA) has shown. According to the IEA, US output will expand by 3.7-million barrels a day, more than half of the world’s expected... 

ATAC, Barrick spending to top C$13m at Yukon-based Rackla gold project

By: Henry Lazenby     9th April 2018 In what is anticipated to be one of the largest exploration programmes in the Yukon this year, partners ATAC Resources and Barrick Gold have announced a C$13-million exploration budget for the Racklan gold project, in the Yukon Territory of North-West Canada. Under an April 2017 earn-in... 

Tavsan feasibility study to start following resource classification

By: Creamer Media Reporter      9th April 2018 The resource classification of the Tavsan project, in Turkey, has been materially improved, with 71% of the resource now classified as measured and indicated, 50% owner Ariana Resources reported on Monday. The Tavsan project, which is part of the Red Rabbit joint venture (JV) with Turkish firm... 

Erris granted new gold project in Sweden

By: Creamer Media Reporter      9th April 2018 Aim-listed Erris Resources has been awarded two exploration licences in southern Sweden, which the company says contain a number of historic and high-grade gold occurrences of up to 68 g/t. Erris CEO Merlin Marr-Johnson said on Monday that the company’s field teams were preparing to soon start... 

Embattled EPA chief's calendar shows industry had his ear

By: Reuters     9th April 2018 US Environmental Protection Agency administrator Scott Pruitt held 25-times more meetings with industry representatives than environmental advocates during his first seven months in office, according to a Reuters analysis of his schedule, reflecting the agency's pro-business approach under his... 

Orocobre Q3 production woes force 10% lower guidance

By: Henry Lazenby     6th April 2018 Argentinian lithium producer Orocobre lost more than 8% on the TSX on Thursday after reporting lower-than-expected lithium production in the fiscal third quarter from the Olaroz mine, as weather issues interfered with evaporation rates, which caused management to lower guidance by 10%. Orocobre... 

Orocobre Q3 production woes force 10% lower guidance

BME launches new emulsion brand, eyeing North American market

By: Nadine James     6th April 2018 After three decades of advancement in its emulsion offerings, South Africa-based explosives leader BME is subsuming its well-known brands such as HEF, and Megapump under the name of Innovex. According to BME ammonium nitrate-based products, equipment and services product manager Dr Rakhi Pathak,... 

Horomela expedites exploration programme, expects resource estimate

By: Nadine James     6th April 2018 Aspiring base metals exploration and mining junior Horomela Mining Investment & Resources has started its exploration programmes on various licences, including its Steinkopf 22, Naroep and Aggeneys zinc licences, all in the Northern Cape. The company expects to produce an exploration results... 

Savannah discovers high-grade lithium at Mina do Barroso

By: Creamer Media Reporter      5th April 2018 Aim-quoted Savannah Resources has discovered new high-grade lithium mineralisation at its Mina do Barroso project, in Portugal, where it believes the Grandoa deposit offers a significant near-term lithium development. The new mineralisation was discovered to the west and southwest of the main... 

South32 takes steps into Peru

By: Esmarie Swanepoel     5th April 2018 Diversified miner South32 has signed an earn-in agreement with ASX-listed junior Inca Minerals over its Greater Riqueza project, in Peru. Under the terms of the option agreement, South32 will provide $275 000 to fund an aeromagnetic, radiometric and digital terrain model survey over the entire... 

Kefi making progress in efforts to secure funding for Tulu Kapi

By: Natasha Odendaal     5th April 2018 Aim-listed Kefi Minerals has made “good progress” in assembling a full consortium focused on raising all the development funding at project level for the Tulu Kapi mine. The gold exploration and development company, which has projects in Ethiopia and Saudi Arabia, is planning a $150-million bond... 

Bacanora makes progress on German Zinnwald lithium project feasibility study

By: Henry Lazenby     5th April 2018 Project developer Bacanora Lithium is making good progress on its feasibility study for the Zinnwald lithium project, located in Germany’s Southern Saxony region, the company reported on Wednesday. The company, which has now successfully re-domiciled from Canada to London, in the UK, and moved... 

First Cobalt drilling traces broad cobalt mineralisation at Woods Extension Zone

By: Henry Lazenby     5th April 2018 Explorer First Cobalt has reported the results from its latest two drill holes from the Woods Extension zone of the Cobalt South project, in the Ontario-based Canadian Cobalt Camp, returning strong grades over narrow intervals. The reported results were fairly shallow tests of the Woods Extension... 

Eldorado rises as Greek arbitration panel rejects State's claims

By: Henry Lazenby     4th April 2018 The TSX-listed equity of Canadian gold and base metals producer Eldorado Gold lifted off recent 52-week lows on Wednesday, after the company announced a favourable ruling by an arbitration panel in its dispute with the Greek government over its Madem Lakkos metallurgical plant. Vancouver-based... 

Eldorado rises as Greek arbitration panel rejects State's claims
Photo by Eldorado Gold
Visible mineralisation at Eldorado Gold's Skouries project, in Northern Greece

Resolute invests in explorer with DRC gold rights

By: Esmarie Swanepoel     4th April 2018 Australian gold producer Resolute Mining has taken a 27% interest in Canadian explorer Loncor Resources through a C$2.6-million subscription placement and a C$2.5-million share swap. The agreement will see Loncor acquire full ownership of two companies in the Democratic Republic of Congo (DRC)... 

Centaurus finds funds for Brazilian exploration

By: Esmarie Swanepoel     4th April 2018 Brazil-focused Centaurus Metals will raise A$2.25-million to advance ongoing exploration at its Itapitanga nickel/cobalt project and Salobo West copper/gold project. Centaurus has entered into an option underwriting agreement with Peloton Capital to fully underwrite its upcoming exercise of... 

Apollo raises cash for European projects

By: Esmarie Swanepoel     4th April 2018 ASX-listed junior Apollo Minerals will raise A$6-million through an institutional placement to accelerate work programmes at the Couflens project, in France, and the Aurenere project, in Spain. Apollo will issue 26.1-million shares, at a price of 23c each, to raise the costs, with the placement... 

Power Metals prepares for spring drill programme

By: Henry Lazenby     2nd April 2018 Exploration junior Power Metals is preparing to undertake an 8 000 m spring drill campaign on its Case Lake spodumene project, in Ontario, advising that it could increase planned drilling to 7 000 m during the fall, for total planned drilling of 15 000 m this year. The Vancouver-based company... 

Initial public offerings slow during Q1 as volatility keeps investors at bay

By: Henry Lazenby     2nd April 2018 Initial public offerings (IPOs) on Canadian stock exchanges took a breather during the first quarter of this year, as issuers and investors digest a slew of relevant factors such as the implications of interest rate hikes, recent US tax changes, market volatility and threats to world trade,... 

Initial public offerings slow during Q1 as volatility keeps investors at bay

Iamgold unveils maiden resource estimate for Monster Lake

By: Henry Lazenby     29th March 2018 Midtier gold producer Iamgold has reported a maiden resource estimate on the Monster Lake joint-venture property located 50 km southwest of Chibougamau, in Quebec. The resource estimate comprises 1.11-million tonnes of inferred resources averaging 12.14 g/t gold for 433 300 oz of contained... 

Industry wants transformation, revival through exploration  

29th March 2018 New Mineral Resources Minister Gwede Mantashe is under pressure from the mining industry to revive and transform the industry through exploration and by fostering a junior culture. Mining Weekly editor Martin Creamer tells us more. 

Industry wants transformation, revival through exploration
Industry wants transformation, revival through exploration

Kore Potash lists on JSE, Aim

By: Marleny Arnoldi     29th March 2018 Potash exploration and development company Kore Potash on Thursday listed on the LSE’s Aim, as well as on the JSE, through a concurrent secondary listing of its ordinary shares.  

Kore Potash lists on JSE, Aim
Photo by Bloomberg
Potash ore

Private capital carves out mining niche with specialist focus

By: Henry Lazenby     28th March 2018 Generalist investment funds are having a hard time keeping up with the success private capital lenders have enjoyed in the mining space in recent quarters, with private equity firms carving out their niche by being specialists at their game. The generalist funds are underwriting real estate and... 

Private capital carves out mining niche with specialist focus

Connemara restarts drilling at Mine River project

By: Creamer Media Reporter      28th March 2018 Irish exploration company Connemara Mining has restarted drilling at the Mine River gold project in Wicklow/Wexford, with a 1 000 m programme over 10 drill holes. The company has prioritised two targets that lie along a target trend identified through airborne geophysics, soil and rock... 

Junior exploration incentive passes through Australia Parliament

By: Esmarie Swanepoel     28th March 2018 The Australian Parliament has passed the Junior Minerals Exploration Incentive (JMEI), which will see the government provide A$100-million over the next four years to allow greenfields exploration programmes to distribute their tax losses as a credit to Australian resident shareholders. Finance... 

Qld opens North West for exploration

By: Esmarie Swanepoel     28th March 2018 The Queensland government has opened up more than 1 000 km2 in the state’s North West minerals province for exploration. Mines Minister Dr Anthony Lynham on Wednesday announced the release of four areas totalling 1 100 km2 via competitive tender as part of Queensland’s annual exploration programme. 

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