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Exploration News

Trust and confidence key to advancing S African mining

By: Robyn Wilkinson     29th September 2017 With uncertainty reigning in the South African mining landscape, it is imperative that the private sector maintain a positive approach to transformation, says consulting engineering and scientist firm SRK Consulting partner and principal consultant Andrew van Zyl. 

Event catalyst for critical engagement

By: Robyn Wilkinson     29th September 2017 Government, labour and business need to restore mutual trust through transparent and honest engagement, with The Joburg Indaba providing an ideal platform through which to forge a way forward in this endeavour, says mining and industrial services provider Fraser Alexander business development... 

Event catalyst for critical engagement
TAILINGS AT THE FORE The adoption of international best practice guidelines is influencing the design, operation, closure and rehabilitation of mining waste disposal sites in the Southern African Development Community

Time for mining industry to take action

     29th September 2017 In the wake of commodity prices beginning to show signs of recovery in 2016, mining companies globally have taken steps to strengthen their balance sheets, building a platform from which to take decisive action about the future, says multinational professional services provider PwC Africa energy,... 

Time for mining industry to take action
MICHAL KOTZE The mining industry has moved out of danger and some mining companies see the conditions as ripe for value accretive moves, with market differentiation their immediate goal

Software makes complex data accessible for geologists

By: Robyn Wilkinson     29th September 2017 Amid the hype surrounding the proliferation of disruptive technologies for the mining industry is a real need for the effective collaboration of information. Global technology company ARANZ Geo’s latest user-friendly software offering – Leapfrog Geo 4.0 – provides a key advancement in this... 

Software makes complex data accessible for geologists
INFORMATION AT A GLANCE Leapfrog Geo 4.0 comes with a complete set of intuitive and highly visual tools and workflows to unlock the value of structural data

Botswana Diamonds to start drilling at Limpopo project in October

By: Mia Breytenbach     29th September 2017 Diamond exploration and project development company Botswana Diamonds has announced that it will start large diameter drilling (LDD) at the Zebediela project, in Limpopo, next month. Zebediela forms part of the Vutomi Joint Venture project, at Frischgewaagt. Seventeen reverse circulation... 

Despite lower valuation, research firm provides favourable update for Mustang

By: Ilan Solomons     29th September 2017 Australian and US investment research firm Independent Investment Research (IIR) has updated its valuation for ASX-listed junior miner Mustang Resources, with this resulting in a slightly lower base case 12-month price target of $85-million, or $0.16 a share, a 225% premium to the current price.... 

Despite lower valuation, research firm provides  favourable update for Mustang
Photo by Mustang Resources
POSITIVE RESULTS Bulk sampling and test pitting within the newly acquired 8245L licence at Montepuez is delivering high quality stones from this secondary deposit

Global raises A$30m for Nevada project

By: Esmarie Swanepoel     28th September 2017 Lithium-boron developer Global Geoscience will raise A$30-million through an institutional placement to advance its Rhyolite Ridge project, in Nevada. The ASX-listed company on Thursday reported that 150-million shares will be issued under the company’s placement capacity, priced at 20c each,... 

Xanadu raises cash for exploration

By: Esmarie Swanepoel     28th September 2017 ASX-listed junior Xanadu Mines will raise A$15.4-million through a share placement to institutional and sophisticated investors to fund exploration activities and to repay debt. The company on Thursday reported that around 76.8-million ordinary shares will be issued at a price of 20c each, under... 

eCobalt validates only US-based primary cobalt project with ‘robust’ feasibility study

By: Henry Lazenby     27th September 2017 eCobalt Solutions has revealed positive economics from a feasibility study (FS) of the company's flagship Idaho Cobalt Project (ICP), the only environmentally permitted, primary cobalt project located in the US. Based on an underground mine, the FS envisions a target production rate of 800 short... 

eCobalt validates only US-based primary cobalt project with ‘robust’ feasibility study
Photo by Bloomberg
Cobalt metal nuggets

Construction progresses at Hummingbird’s Yanfolila gold project

By: Mia Breytenbach     27th September 2017 The ball mill shell has been successfully installed at Aim-listed Hummingbird Resources’ flagship Yanfolila project, in Mali, which remains on schedule and on budget for the first gold pour by the end of this year. The installation is a significant milestone in progressing the project to... 

Construction progresses at Hummingbird’s Yanfolila gold project
Yanfolila gold project, Mali

Explorer preparing to drill for lithium in Sweden

By: Mariaan Webb     27th September 2017 Australia-based lithium explorer Novo Litio is preparing for its maiden drilling programme at the Spodumenberget prospect in central Sweden, in keeping with its goal of supplying lithium from Europe, for Europe. The Spodumenberget prospect, near Örnsköldsvik, has previously yielded high-grade... 

Novo supports Calidus raising

By: Esmarie Swanepoel     27th September 2017 Junior explorer Calidus Resources will raise up to A$10-million in a share placement to investors in Australia, Asia and North America. The ASX-listed company on Wednesday announced that about 243.9-million shares would be issued at a price of 4.1c a share to new and existing institutional and... 

European Cobalt granted more exploration in Slovakia

By: Esmarie Swanepoel     27th September 2017 ASX-listed European Cobalt has been awarded a licence for the Rakovec project, in Slovakia, which adjoins the eastern extent of its Dobsina cobalt/nickel/copper project. The company said on Wednesday that mapping had confirmed the presence of five element veins in the same setting as that of the... 

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities

By: Henry Lazenby     26th September 2017 British Columbia is ‘ground zero’ for mining in Canada, as technological advances require an ever-increasing volume of metals to satisfy improving standards of living and environment-friendly technologies. This was the key message to attendees at the fourth yearly Resource Breakfast Series held... 

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities
Photo by British Columbia Government
BC Minister for Energy, Mines and Petroleum Michelle Mungall was formally sworn in by Lieutenant Governor Judith Guichon

Court rules in favour of Conroy Gold

By: Mariaan Webb     26th September 2017 The High Court in Dublin on Tuesday ruled in favour of gold explorer Conroy Gold and Natural Resources in the case brought against the company by shareholder Patrick O’Sullivan. O’Sullivan turned to the court after chairperson Richard Conroy blocked him from seeking the appointment of three new... 

Pan African fields questions on gold hedging, guidance, wages 

By: Martin Creamer     26th September 2017 Gold mining company Pan African Resources, which is completely unhedged except for the hedging of 27 000 oz of gold that will be produced next year from its upcoming Elikhulu tailings treatment project, views hedging with extreme caution. In response to Nedbank equity analyst Arnold van Graan,... 

Pan African fields questions on gold hedging, guidance, wages
Pan African Resources FD Deon Louw’s hedging views covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer

Ferrum Crescent executive chair steps down

By: Creamer Media Reporter      26th September 2017 Spain-focused Ferrum Crescent on Tuesday announced several directorate changes, including the resignation of its executive chairperson Justin Tooth. Tooth resigned from the board of the lead and zinc explorer with immediate effect in order to pursue other business interests. 

Tsodilo, Sandstorm enter into $1.5m royalty agreement

By: Natasha Odendaal     26th September 2017 TSX-V-listed Tsodilo Resources and dual-listed gold royalty company Sandstorm Gold have entered into a $1.5-million royalty agreement on three projects. The royalty sale includes the grant of a 1% net smelter royalty (NSR) on Tsodilo’s wholly owned Botswana subsidiary Gcwihaba Resources’... 

Rift Valley reports maiden resource in Angola

By: Esmarie Swanepoel     26th September 2017 ASX-listed Rift Valley Resources ahs reported a maiden Joint Ore Reserves Committee Compliant mineral resource of 44.7-million tonnes, grading 2.5% total rare earth oxides at its Longonjo Magnet metals project, in Angola. Some 11.6-million tonnes of the resource was classified as oxide material,... 

Tungsten-focused Thor moves diversified portfolio up value curve as commodity prices rally

By: Henry Lazenby     26th September 2017 Australian junior Thor Mining is pushing ahead with its diversified portfolio of tungsten/copper/lithium projects in Australia and the US, in the hope of capitalising on rising metals prices. The Sydney-based explorer and project developer, which has equity listings on the ASX and LSE’s Aim,... 

Tungsten-focused Thor moves diversified portfolio up value curve as commodity prices rally
Thor Mining expects to update the Pilot Mountain tungsten resource, in Nevada, soon

Argonaut adds resources at its two operating assets

By: Henry Lazenby     23rd September 2017 On the heels of pouring first gold at its brand-new San Agustin project earlier this week, Mexico-focused miner Argonaut Gold has also increased the pit-constrained resources at its two operating mines, the company has advised. At El Castillo, the Toronto-based miner added about 328 000 oz of... 

Newcrest divests of New Zealand exploration asset

By: Esmarie Swanepoel     22nd September 2017 ASX-listed gold miner Newcrest Mining has abandoned its 80% stake in the Rahu project, in New Zealand, to joint venture partner New Talisman Gold Mines. New Talisman on Friday announced that it had acquired Newcrest New Zealand Exploration, with the junior company evaluating its options to... 

Minerals processing business bullish about future, despite industry challenges

By: Nica Schreuder     22nd September 2017 Based on substantial growth over the past 12 years, mining and industrial services provider Fraser Alexander’s minerals processing business intends to double its revenue within the next three to five years, says Fraser Alexander minerals processing GM Jaco Scholtz. “We are particularly proud of... 

Minerals processing business bullish about future, despite industry challenges
ALL ENCOMPASSING Fraser Alexander is able to service clients across the coal washing and processing value chain

Companies find use for abandoned underground coal mines

By: Nica Schreuder     22nd September 2017 Forsaken underground coal mines are increasingly being reopened using opencast mining methods, according to independent mining advisory group Ukwazi senior mining engineer Adriaan Strydom, who tells Mining Weekly that this practice is effectively enabled through increased mechanisation. While an... 

Companies find use for abandoned underground coal mines
Photo by Bloomberg
SECOND CHANCE The trend of returning to underground mines and turning them into opencast mines is a cost-effective alternative to exploration

Pan African rolling out vibrant internal growth projects 

By: Martin Creamer     21st September 2017 Midtier gold mining company Pan African is rolling out vibrant internal growth projects involving the revival of Evander Mines’ 7 Shaft and the alleviation of congestion at Barberton Mines’ Fairview operation, which will provide the flexibility needed to better exploit what is arguably the... 

Pan African rolling out vibrant internal growth projects
Pan African Resources CEO Cobus Loots outlines gold growth projects to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Longford buys US company

By: Esmarie Swanepoel     21st September 2017 ASX-listed junior Longford Resources has moved to acquire two cobalt/copper projects, in the US. The company on Thursday announced that it would acquire US-based Liaz, which holds the Colsons copper/cobalt project in Idaho, and the Goodsprings copper/cobalt project in Nevada. 

Angkor, Renaissance get Cambodian approval to proceed with Koan Nheak exploration

By: Henry Lazenby     20th September 2017 TSX-V-listed Angkor Gold has, together with its joint venture partner Renaissance Minerals, received approval from the Cambodian Ministry of Mines and Energy to proceed with their joint exploration plans of Koan Nheak under a definitive earn-in agreement signed in July. Renaissance is a Cambodian... 

Integra seizes precious metals opportunity in Idaho

By: Henry Lazenby     20th September 2017 Mere months after Integra Gold was bought out in a deal worth about C$590-million by Eldorado Gold, essentially the same team – reincarnated as Integra Resources – has reached agreement with major Kinross Gold to buy the DeLamar gold/silver mine, in Southern Idaho. The C$7.5-million... 

Endeavour board OKs Ity CIL expansion in Cote d'Ivoire

By: Henry Lazenby     20th September 2017 West African gold producer Endeavour Mining has given the $412-million Ity carbon-in-leach (CIL) project, in Cote d'Ivoire, the go-ahead, adding about 235 000 oz/y over the first five years to Endeavour’s current production profile of between 600 000 oz and 640 000 oz this year, at lower costs.... 

Endeavour board OKs Ity CIL expansion in Cote d'Ivoire
Photo by Endeavour Mining
Endeavour Mining's Ity mine, in Cote d'Ivoire

Connemara plans further drilling in Donegal

By: Creamer Media Reporter      20th September 2017 Explorer Connemara Mining will initiate further drilling at its Inishowen project as part of its gold exploration programme in Donegal, Ireland. The diamond drilling, which will start on September 25, is aimed at establishing if the gold-bearing veins discovered last year extend across the licence. 

W Resources planning new drilling campaign at Tarouca, Portugal

By: Creamer Media Reporter      20th September 2017 Aim-listed W Resources has been granted a two-year licence extension for exploration at Tarouca, near its Régua project, in Portugal, paving the way for a new drilling campaign. Tarouca is about 20 km from Régua and has the potential to enhance and expand the Régua development, W Resources... 

Leagold ‘turning a corner’ at Los Filos as Bermejal upside beckons 

By: Henry Lazenby     19th September 2017 Gold miner Leagold Mining is making good progress with transforming the 200 000 oz/y-plus Los Filos mine into a strong, long-lived growth platform with which it can pursue other growth opportunities in Latin America. Speaking to Mining Weekly Online in Vancouver (see attached video), president... 

Leagold ‘turning a corner’ at Los Filos as Bermejal upside beckons
Leagold Mining president and CEO Neil Woodyer discusses the company’s progress at the flagship Los Filos mine, in Mexico, as it aims to create a growth platform for expansion into the Americas. Video: Henry Lazenby; Editing: Lionel da Silva 

First Cobalt exits volatile DRC in favour of mining friendly Ontario Cobalt Camp

By: Henry Lazenby     19th September 2017 TSX-V-listed First Cobalt will not complete a strategic alliance over seven cobalt exploration properties close to several major copper/cobalt operations in the Democratic Republic of Congo's (DRC's) Central African Copperbelt. The Toronto-headquartered company announced on Monday that it would... 

Kinross to proceed with Tasiast Phase 2, Round Mountain expansion projects

By: Henry Lazenby     18th September 2017 Senior Canadian miner Kinross Gold has revealed that it will spend about a $1-billion on two significant capital growth plans for the Phase 2 expansion of its Tasiast mine, in Mauritania, as well as the Phase W of the Round Mountain mine, in Nevada. “With Phase 2, Tasiast's annual production is... 

Kinross to proceed with Tasiast Phase 2, Round Mountain expansion projects
Photo by Kinross Gold
Kinross Gold's Tasiast mine, Mauritania

Sibanye-Stillwater lifts PGM grade at brownfield Stillwater mine extension

By: Henry Lazenby     15th September 2017 Recently minted Sibanye-Stillwater has successfully extended the platinum group metals (PGM) mineralisation at the Blitz project, in Montana – a brownfield extension of the existing Stillwater mine. The company announced on Friday that mineralised ore at the Blitz project had been intersected in... 

Orion on track to develop Prieska zinc/copper project

By: Anine Kilian     15th September 2017 ASX-listed Orion Minerals, which will list on the Johannesburg Stock Exchange on Monday, is focused on fast -tracking the development of its Northern Cape-based Prieska zinc/copper project. The company plans to leverage the secondary listing to open up more efficient local funding options through... 

Orion on track to develop Prieska zinc/copper project
Orion CEO Errol Smart

Shift in mining finance sources for mid-caps, juniors expected – BMI

By: Schalk Burger     15th September 2017 Market research multinational BMI Research reported on Thursday that there would be a shift in the status quo of mining finance sources, as mineral prices stabilise and edge higher over the coming years. “Majors will continue to rely on equity and debt financing. Mid-cap and small-cap companies,... 

Predictive and Progress team up in Burkina Faso

By: Esmarie Swanepoel     15th September 2017 ASX-listed junior Predictive Discovery has signed a joint venture (JV) agreement with Canada’s Progress Minerals over its exploration permits in Burkina Faso. Predictive’s current tenement holdings in Burkina Faso cover some 100 km of strike length on the Samira Hill greenstone belt, with the... 

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