SA firm in gem exploration agreement with De Beers

JSE-listed Thabex Exploration announced today that a subsidiary had signed a diamond exploration agreement with De Beers over exploration licences on Namibian property.

Thabex receives R20m for platinum project

JSE Securities Exchange-listed Thabex Exploration on Friday announced that Australian junior mining company, AIM Resources, will exercise its option to acquire Thabex’s Mokopane Platreef project for R20-million.

SA company sees exploration potential in Uganda

Early stage due-diligence studies indicate that there is unquestionable prospecting potential in Uganda, a country endowed with a wide variety of mineral resources, said Marius Welthagen, CEO of Thabex Exploration.

Valuation put to PGM project

Listed mining company Thabex Exploration yesterday announced that independent geological experts, Snowden Mining Industry Consultants, has valued the Mokopane Platreef Project at A$18,4-million.

SA junior acquires Ugandan explorer

South African junior Thabex Exploration has acquired a 100% of Cresta Mining Company, a Ugandan company that owns ten exclusive prospecting licenses (EPLs) there, for a consideration of R425 000.

AIM likely to buy SA platinum project

Johannesburg Securities Exchange-listed Thabex Exploration, which explores for diamonds, platinum, gold and base minerals, yesterday announced that progress in the due-diligence process has improved the probability that AIM Resources would...

Thabex enters into sales agreement with Oz junior

JSE Securities Exchange-listed Thabex Exploration, exploring for diamonds, platinum, gold and base minerals, yesterday announced its interim results for the six months ended August 31, reporting a net loss of R468 000, with revenue decreasing from...

SA explorer in deal with Aussie junior

JSE Securities Exchange-listed Thabex Exploration yesterday announced that the company and its wholly owned subsidiary, Platinexco have entered into an option and sale of shares agreement with AIM Resources, a junior mining company listed on the...

Gem junior lifts earnings

Mining and exploration company Thabex Exploration announced their improved annual results with revenue sharply increasing from R247 000 to R4,024-million, the company reported a net operating income of R2,587-million, an improved turnaround from...

SA-Canada venture holds promise

Listed mining and exploration company Thabex Exploration’s joint venture with Falconbridge of Canada is expected to further explore and assess the mineral potential of the South African firm’s Potgietersrus Town and Townlands’...

SA junior seeks to ramp-up Taung gem exploration

Mining and exploration company Thabex Exploration has disposed of its 40% interest in Pioneer Minerals for a sum of R2,6-million in order to fund ongoing exploration of its subsidiary, Pure Diamonds, in the Taung district of South Africa’s...

North American firm eyes SA PGMs

North American-based firm Anooraq Resources Corporation has announced that Anooraq has agreed to accelerate the buy-out of 100% of the balance of its South African subsidiary Plateau Resources from Pinnacle Resources, Plateau's other principal...