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Nevsun discovers new high-grade copper/gold deposit east of Timok Upper Zone

By: Henry Lazenby     20th January 2018 Base metals producer Nevsun Resources announced this week it has discovered a new high-grade copper/gold deposit about 500 m east of the Timok Upper Zone, in Serbia. Ongoing drilling has intersected new high-sulphidation epithermal (HSE) copper/gold mineralisation, similar to that found at the... 

GoldStone investigates potential to restart Ghana underground mine

By: Megan van Wyngaardt     19th January 2018 Africa-focused miner GoldStone Resources has initiated a project to potentially revitalise the old Akrokeri underground mine, in Ghana. The mine is situated within the Akrokeri prospecting licence, about 1.5 km south of the proposed AK01 South pits. 

Sula to pursue DRC cobalt opportunities as it changes name to African Battery Metals

By: Mia Breytenbach     19th January 2018 Multicommodity exploration and development company Sula Iron & Gold, which has changed its name to African Battery Metals (ABM), will now focus on developing its cobalt exploration licences in the Democratic Republic of Congo (DRC). Trading in the company’s shares under the new name started on... 

Aspire progresses path to feasibility for Nuurstei project

By: Natasha Odendaal     19th January 2018 Mongolian metallurgical coal explorer and infrastructure company Aspire Mining has completed several key steps as it works towards providing the foundation for the start of a feasibility for its Nuurstei coking coal project. The company appointed Neil Wilson as project manager for the Nuurstei... 

BlackEarth celebrates ASX listing, gears up for Madagascar drilling

By: Natasha Odendaal     19th January 2018 ASX-listed BlackEarth is preparing to implement its drilling programme after listing on the Australian bourse on Friday following a $5.45-million initial public offering (IPO) raising. The company is embarking on a 200-hole graphite drill programme at its Maniry graphite project, in Madagascar,... 

Nigeria lawmakers look into recovering $21bn revenues from oil groups

By: Reuters     19th January 2018 Nigerian lawmakers ordered an investigation on Thursday into whether the government could recover $21-billion in revenues from international oil companies. Oil minister Emmanuel Ibe Kachikwu said in December the government had failed to enforce a legal provision entitling it to a greater share of... 

Mincor raises A$10m in two raisings to fund nickel exploration

By: Natasha Odendaal     19th January 2018 An oversubscribed A$3-million share purchase plan (SPP) has brought the total amount raised by ASX-listed Mincor Resources to A$10-million since December. The company on Friday announced that, of the A$12.8-million in applications received from shareholders, Mincor would accept A$1-million in... 

Australian junior to acquire Namibia zinc project

By: Mia Breytenbach     19th January 2018 ASX-listed Tanga Resources will acquire the high-grade Joumbira zinc project, in Namibia, and raise A$1.16-million to fund the transaction and start planned work programmes. The company entered into a binding option agreement to acquire 100% of the issued shares of Namibia-registered Coldstone... 

Investors spur Spitfire’s Western Australia gold development

By: Dylan Slater     18th January 2018 ASX-listed Spitfire Materials has successfully raised $5.33-million, through an oversubscribed share placement at 10c, to fast-track its Australian gold exploration and development strategy. 

Galantas share price rises sharply in London

By: Mariaan Webb     18th January 2018 The share price of Aim- and TSX-V-quoted Galantas Gold surged more than 80% in London on Thursday, after the company reported solid progress at its Omagh gold mine development in Northern Ireland. The dual listed miner’s share price climbed to 9p a share, from the previous day’s closing price of... 

Tyranna to start surface drilling at Eureka gold mine

By: Mia Breytenbach     18th January 2018 ASX-listed Tyranna Resources will next week start surface drilling at its Eureka gold mine, north of Kalgoorlie, Western Australia, to follow up a compelling surface lateritic gold target discovered during a recent field mapping exercise. The mine, which Tyranna is acquiring from Canada-listed... 

New ‘disruptive’ mine borer heads for Indaba unveiling

By: Martin Creamer     18th January 2018 A new Proudly South African mine tunnel borer that requires no blasting, delivers higher production advances, comes with a collaboration imprimatur and can be retrofitted to existing operations, will be unveiled at next month’s Mining Indaba in Cape Town and commissioned in the third quarter of... 

Middle Island plans follow-up drilling to enhance Wirraminna deposit

By: Dylan Slater     18th January 2018 Gold exploration and development company Middle Island on Thursday reported the outcomes of a pit optimisation study for the Wirraminna deposit, in Western Australia.  

West African gold explorer lists in Australia

By: Mia Breytenbach     18th January 2018 West African gold developer and explorer Tietto Minerals started trading on the ASX on Thursday, following its successful initial public offer (IPO) that raised A$6-million from institutional and high net worth investors, including two global resources funds. The company issued 30-million shares... 

New shaft key to transforming Kirkland Lake into 1Moz/y producer

By: Mariaan Webb     18th January 2018 Gold miner Kirkland Lake has set its sights on producing one-million ounces a year in the next five to seven years, a target which is built on transforming the Fosterville and Macassa mines into 400 000 oz/y producers. At Fosterville, in Australia’s Victoria, Kirkland Lake is aiming to achieve... 

IronRidge expands Ghana lithium prospects

By: Anine Kilian     17th January 2018 Aim-listed IronRidge Resources has further expanded its lithium interests in Ghana, with the acquisition of a highly prospective pegmatite tenure adjacent to its Ewoyaa prospect. The company entered conditional and binding terms with wholly owned Ghanaian company Joy Transporters, providing... 

Centerra to earn into Erris Resources’ Sweden project

By: Mariaan Webb     17th January 2018 Canadian mid-tier mining company Centerra Gold has elected to earn into zinc and gold junior Erris Resources’ Brännberg gold project, in northern Sweden, with a $1-million investment. Erris, which was admitted to trading on the Aim at the end of last year, said on Wednesday that Centerra would... 

Hummingbird’s Yanfolila pours first gold, maintains commercial production ramp-up plans

By: Mia Breytenbach     16th January 2018 With Aim-listed Hummingbird Resources having started gold production at its Mali-based Yanfolila gold mine on time and within budget in the second half of last month, the gold producer remains on track with its ramp-up to commercial production. Since acquiring the project from Gold Fields in... 

Avanco takes option on Vale’s Pantera copper project

By: Megan van Wyngaardt     16th January 2018 ASX-listed Avanco has agreed terms for an option to acquire 100% of the Pantera copper project from Brazilian major Vale, with a payment of $500 000 paid upon signing. Located near Avanco’s existing operations in the Carajás mineral province, in Brazil, the 9 7000 ha Pantera licence has the... 

Alacer sees 2018 as ‘pivotal’ year

By: Natasha Odendaal     16th January 2018 TSX- and ASX-listed Alacer Gold has produced 168 163 oz of gold at all-in sustaining costs (AISC) of $685/oz, meeting its original production targets and beating its AISC cost guidance for the year. Going forward, the gold mining company expects 2018 to be a pivotal year, as the Çöpler sulphide... 

Thor welcomes new investment into US Lithium

By: Natasha Odendaal     16th January 2018 Dual-listed Thor Mining’s 25% stake in soon-to-be-ASX-listed US Lithium has been diluted to 20.83% on the back of a capital raise at a substantial premium. Thor in June last year acquired 2.5-million shares in the company, which held lithium exploration interests in Arizona and New Mexico, in the... 

At Mining Indaba 2018, Caterpillar presents broad range of machines, technology and services to support African mining

     15th January 2018 Caterpillar will present its unmatched range of innovative technologies and services at Mining Indaba, February 5-8 in Cape Town, South Africa. With a focus on optimizing operations, whether surface or underground, large or small, Caterpillar and Cat® dealers are dedicated to working with mining... 

Triton starts due diligence on WA lithium asset acquisition

By: Natasha Odendaal     15th January 2018 ASX-listed Triton Minerals on Monday said it had started due diligence on the Western Australia lithium assets and royalties that it planned to acquire from Westgold Resources. The Australian company in December entered into an option agreement with Westgold for a package of lithium assets in the... 

IFR gains Mexican drilling permit

By: Henry Lazenby     13th January 2018 The TSX-V-listed equity of oil and gas explorer International Frontier Resources (IFR) has gained about two-thirds this week after it announced on Thursday that it has received a drilling permit for its Tecolutla onshore oil and gas block, which it is developing with its Mexican joint venture... 

Fura closes in on Colombian emerald mine buy; to create single-stop Dubai-based gemstone shop

By: Henry Lazenby     13th January 2018 Canadian gemstone-focused miner Fura Gems is setting up a single-stop destination in Dubai, where rubies and emeralds produced from its Mozambique and Colombian assets will be graded and sold at the Almas Tower. “The Almas Tower is arguably one of the most secure spaces in the world, from where... 

Armadale to sell noncore Mpokoto project

By: Anine Kilian     12th January 2018 Aim-listed Armadale Capital has entered into a heads of agreement (HoA) with Weghsteen Capital Advice (WCA) for the sale of Armadale’s interest in the Mpokoto gold project, in the Democratic Republic of Congo, to Radismore, for $562 500 and a 1.5% royalty on gold produced.  WCA is acting on... 

Atlas Copco to acquire South African exploration manufacturing business

     12th January 2018 Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire the assets of Renegade Drilling Supplies Proprietary Ltd., a South African manufacturer and distributor of drilling consumables for mining exploration. The business will become part of Epiroc South Africa... 

PTM widens Q4 loss as accounts due mount

By: Henry Lazenby     12th January 2018 Precious metals project developer Platinum Group Metals (PTM) has widened its net loss for the first fiscal quarter ended November 30 to $12.44-million, or $0.08 a share, compared with a net loss of $2.45-million, or $0.03 a share a year earlier, the Vancouver-based company reported late on... 

Cora Gold to continue drilling at Mali projects

By: Megan van Wyngaardt     11th January 2018 West Africa-focused gold exploration company Cora Gold has completed Stage 1 of its reconnaissance drilling programme at the company’s flagship Sanankoro gold discovery, in southern Mali. CEO Dr Jonathan Forster noted that the programme was encouraging, with initial assay results targeted for... 

Dragon updates mineral resources for Nordic mines

By: Megan van Wyngaardt     11th January 2018 ASX-listed Dragon Mining has updated its mineral resources for its Nordic projects, returning a combined total mineral resource of 13.6-million tonnes, grading 3. 3 g/t gold for 1.43-million ounces. This represented a 2.28% decrease in tonnes and a 0.35% decrease in ounces after depletion for... 

Troy delivers highest production since March 2016 quarter

By: Megan van Wyngaardt     11th January 2018 ASX-listed Troy Resources produced 6 224 oz of gold during December 2017, bringing the company’s quarterly production to 16 109 oz, Not only was this a 17% month-on-month increase, but it was also 25%, or 3 224 oz, higher than the three months ended September and marked the highest quarterly... 

Trek acquires Gabon project from Battery Minerals

By: Natasha Odendaal     11th January 2018 ASX-listed Trek Metals has acquired 100% of the Kroussou zinc/lead project, in Gabon, from fellow-listed Battery Minerals for $400 000 in cash and securities. A deferred consideration of options an shares totalling $2.5-million, which had been agreed in a binding term-sheet, will be subject to a... 

Pantoro reports 44% y/y production increase

By: Megan van Wyngaardt     11th January 2018 During the three months ended December, ASX-listed gold miner Pantoro produced a record 13 841 oz, compared with 13 282 oz in the previous quarter and 9 598 oz in the same period in the prior year. This represents a 44% year-on-year production increase. 

Drilling at Connemara’s Mine River project returns strong results

By: Creamer Media Reporter      11th January 2018 Exploration firm Connemara Mining on Thursday reported on the results of recently drilled holes at its Mine River gold project, in Wicklow and Wexford in Ireland. The John Teeling-led company said three holes were drilled in December – one at the Tombreen target and two at Gibbet Hill. 

Potash sampling confirms Carnegie potential

By: Megan van Wyngaardt     11th January 2018 Brine analysis results for an initial auger sampling programme completed at the Carnegie Potash Project (CPP), owned by Kalium Lakes Limited (KLL) and BCI Minerals (BCI), through their Carnegie joint venture (CJV), has returned potassium grades of up to 4 790 mg/L, which is equivalent to a... 

Cobalt and 11% yields lure risk-takers to this Canadian miner

By: Bloomberg     10th January 2018 Sherritt International Corp’s double-digit bond yields are beginning to lure investors, even as questions linger about whether the Canadian miner has unloaded enough debt and turned around its sputtering projects. The Toronto-based firm restructured its Ambatovy mining joint venture, in... 

eCobalt ships 3 t sample for pilot-scale testing

By: Henry Lazenby     10th January 2018 Project developer eCobalt Solutions has shipped a 3 t mineralised sample from its Idaho cobalt project (ICP) for pilot-level testing at Dundee Sustainable Technologies’ (DST’) facilities, in Quebec. The TSX-listed cobalt junior said on Wednesday that the testing will be done to further confirm... 

Barrick, Premier ink wide-ranging Nevada focused exploration, development pact

By: Henry Lazenby     10th January 2018 Gold major Barrick Gold has signed a comprehensive exploration and development agreement with Premier Gold Mines that include toll-milling and exploration earn-in options for both companies at the McCoy-Cove and Rye projects. Premier announced on Wednesday that, under the terms of the agreement,... 

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