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

Oil & gas, mining industries anxious about top brass succession planning

By: Henry Lazenby     31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... 

Strong PEA opens door for Eastmain to advance Eau Claire

By: Henry Lazenby     31st May 2018 Toronto-headquartered gold developer Eastmain Resources says the strong economics demonstrated in the recent preliminary economic assessment (PEA) on its flagship Eau Claire project, located in Quebec’s James Bay region, has opened the door to proceed to the prefeasibility stage, while allowing... 

Strong PEA opens door for Eastmain to advance Eau Claire
Photo by Eastmain Resources
Visible gold in core from Eastmain Resources' Eau Claire project, in Northern Quebec

POZ finds buyer for vanadium project

By: Esmarie Iannucci     31st May 2018 ASX-listed POZ Minerals has executed an option agreement over its Musgraves vanadium project, in Western Australia. The option agreement granted the buyer a three-month exclusive right to purchase the project for A$120 000 in cash and a 1% net smelter royalty on any minerals produced from the... 

Frydenberg nixes phosphate exploration on Christmas Island

By: Esmarie Iannucci     31st May 2018 The federal government has nixed plans by privately held Phosphate Resources to explore on Christmas Island, with Environment and Energy Minister, Josh Frydenberg saying it was likely to have ‘significant and unacceptable’ impacts on the region. Frydenberg said that the decision followed a... 

Australia’s junior exploration incentive to kick in

By: Esmarie Iannucci     31st May 2018 Greenfield mineral explorers have been reminded that the federal government’s Junior Mineral Exploration Incentive (JMEI) will open on June 1. The JMEI was passed through the Australian Parliament in March this year, and will see the government provide more than A$100-million over the next four... 

Contractor dies in haul truck accident at Semafo’s Mana mine

By: Simone Liedtke     30th May 2018 An employee at Canada-based gold mining company Semafo’s Mana mine, in Burkina Faso, has passed away after sustaining injuries in a haul truck accident. The accident occurred when the individual, who was driving a haul truck, unexpectedly lost control of the vehicle. 

Gold Fields to set aside acquisitions, sees industry costs rising – CEO

By: Reuters     30th May 2018 South Africa's Gold Fields is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday. Gold Fields' finances might be "a little bit negative" this year before... 

Gold Fields to set aside acquisitions, sees industry costs rising – CEO
Gold Fields CEO Nick Holland

Waterberg DFS progresses, updated resource model expected in Q3

By: Marleny Arnoldi     30th May 2018 The definitive feasibility study (DFS) for TSX-listed Platinum Group Metals’ (PTM’s) joint venture Waterberg Project, in the Bushveld Complex, is progressing well and remains on track for completion at the end of the first quarter of 2019.  

Western Australia names Round 17 candidates for co-funded drilling

By: Esmarie Iannucci     30th May 2018 The Western Australian government has provided a further A$5.2-million in funding for its Exploration Incentive Scheme (EIS), announcing on Wednesday the successful applicants for Round 17 of the co-funded drilling programme. Mines and Petroleum Minister Bill Johnston said that the latest funds... 

‘There is no knowing where the change will end’ – analyst

By: Henry Lazenby     30th May 2018 The wave of change that the electrification of automobiles brings is moving beyond electric vehicles (EV) to the micro, artificial intelligence and autonomous mobility options, which should increasingly be brought into the outlook for the burgeoning market. “Big gambles and bold leadership does... 

‘There is no knowing where the change will end’ – analyst

IronRidge drilling programme progresses, assays expected in two months

By: Marleny Arnoldi     29th May 2018 Aim-listed minerals exploration company IronRidge Resources on Tuesday reported that its reverse circulation (RC) drilling programme at the Ewoyaa project, in Ghana, had encountered multiple, broad visible pegmatite intersections.  

Exploration under way at Orion Minerals’ Northern Cape prospecting licences

By: Marleny Arnoldi     29th May 2018 Exploration and development company Orion Minerals has started fieldwork in the Areachap Belt, in the Northern Cape.  

Pacton rises on prospective Pilbara property, mining lease buy

By: Henry Lazenby     29th May 2018 Canadian exploration junior Pacton rose to a new 52-week high on Monday after it announced that it has agreed to acquire the Friendly Creek exploration licence and mining leases, in Western Australia, from private Australian vendors. The Vancouver-based company has signed a binding letter of... 

McEwen Mining PEA outlines new lease on life for El Gallo Complex

By: Henry Lazenby     25th May 2018 Dual-listed precious metals producer McEwen Mining has published a preliminary economic assessment (PEA) on its El Gallo Complex, in Sinaloa state, Mexico, outlining a redevelopment plan called Project Fenix that could add between 10 and 12 additional years to the operation. Based on an updated... 

McEwen Mining PEA outlines new lease on life for El Gallo Complex
Photo by Bloomberg
McEwen Mining chief owner Robert McEwen

Endeavour discovers new mineralised zones at Houndé

By: Anine Kilian     25th May 2018 TSX-listed Endeavour Mining has discovered two new large mineralised zones – Kari Centre and Kari West – at its Houndé mine, in Burkina Faso. Following the Kari Pump discovery in December last year, exploration efforts were prioritised on the wider Kari area, which hosts a large gold-in-soil... 

American Pacific buys into US projects

By: Esmarie Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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. 

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