https://www.miningweekly.com

Funding for Zim gold projects

30th January 2015

By: Oscar Nkala

Creamer Media Correspondent

  

Font size: - +

Australian-listed Prospect Resources has received the first tranche of A$103 725 from a total placement of A$310 000 to be used to fund gold mining and exploration projects in Zimbabwe.

Nonexecutive director Harry Greaves says the funds will be used for general working capi- tal purposes and to fund ongoing exploration at the Bushtick gold project, in the Esigodini greenstone belt, in the south of the country.

The funding was sourced on the back of encouraging results from an initial exploratory sampling campaign at the Bushtick project.

Some of the money allocated will be used to fund further exploration and development at the Prestwood gold mine.

The company plans to use the Zimbabwe operations to set up a regional, diversified African mining empire.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 
EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 14 August 2026
Magazine round up | 14 August 2026
14th August 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.038 0.06s - 110pq - 2rq
Subscribe Now