Anova raises $7.1m to fast-track exploration at Big Springs

ASX-listed gold explorer Anova Metals has raised $7.1-million to fast-track large-scale exploration and mining development at its Nevada-based Big Springs project, in the US, where the company is... 

AMR makes move to acquire Kasbah Resources

The board of ASX-listed Kasbah Resources has unanimously recommended that all shareholders vote in favour of TSX-V-listed Asian Mineral Resources’ (AMR) intention to acquire the Australian miner.... 

Wealth Minerals looks to acquire 144 exploration concessions in Atacama Salar

Multilisted mineral resources company Wealth Minerals on Thursday announced that it intends to acquire a 100% royalty-free interest in 144 exploration concessions in Antofagasta’s Atacama Salar in... 

Peregrine completes drilling programme at Botswana-based mine

TSX-listed diamond explorer Peregrine Diamonds has completed core drilling on three kimberlite and two exploration targets at its 100%-owned Sikwane project, in south-eastern Botswana’s Kgatleng’s... 

Bacanora announces passing of company chairperson

Aim- and TSX-V-listed lithium and borates company Bacanora Minerals on Thursday reported that the company’s chairperson and nonexecutive director, Colin Orr-Ewing, had passed away following a short... 

Osisko reports 133% cash flow increase in Q2, sees record revenues, gold ounces earned

Precious metals royalty company Osisko Gold Royalties has seen a 133% year-on-year increase in cash flows from operating activities, reporting $15-million in cash flow achieved in the three months... 

Iata inks MoU with African Union Commission

The International Air Transport Association (Iata) has signed a memorandum of understanding (MoU) with the African Union (AU) Commission to expand strategic cooperation and further the continent’s... 

Eskom commits R155m to R&D partnership with six universities

Eskom will next week sign Phase 2 of the Eskom Power Plant Engineering Institute (EPPEI) funding agreement, which will see the State power utility committing R155-million to execute and enhance... 

DRA investment partner funds PFS of Peninsula’s Karoo projects

ASX-listed uranium miner Peninsula Energy will issue about 977 000 fully paid shares to project management company DRA Global’s independent investment partner, Concentrate Capital Partners (CCP),... 

Metals X raises A$100.6m, intends to demerge gold assets

Diversified junior Metals X has completed an institutional placement to raise A$100.6-million – and is undertaking a share purchase plan of up to A$15-million – to fast-track the development of... 

Wealth Minerals looks to acquire additional exploration concessions in Chile salt region

Multi-listed mineral resources company Wealth Minerals has entered into an option agreement to acquire a 100% royalty-free interest in the Quisco 1 to 9 exploration concessions, located in the... 

Fortuna completes acquisition of Goldrock Mines

TSX-V-listed Goldrock Mines is now a wholly owned subsidiary of TSX- and NYSE-listed Fortuna Silver, which on Thursday announced the completion of its previously announced acquisition. Pursuant to... 

Centerra revises 2016 forecast amid half-year gold production, sales decreases

Canadian gold miner Centerra Gold has seen a 36% decrease in gold ounces sold in the first half of 2016, with recorded net earnings of $21.1-million, or $0.09 a common share, for the period under... 

Sherritt’s second-quarter net loss per share widens by 119%

As nickel prices remained under pressure in the three months to June 30, with reference prices averaging $4/lb, TSX-listed diversified miner Sherritt International has reported a 119% wider net... 

Kootenay to proceed with 3 000 m drilling programme at La Cigarra

With drill permits now in place, preparations for the 3 000 m drilling programme at Canadian explorer Kootenay’s 100%-owned La Cigarra silver project, in Chihuahua State, Mexico, are well under... 

Anglo Pacific’s H1 sales beat previously guided range by about 20%

Half-year sales from dual-listed royalty company Anglo Pacific Group’s private royalty lands are expected to be in the range of 35% to 40%, the group announced earlier this week, after receiving... 

Asanko delivers strong second quarter in first production phase

TSX-listed midtier gold miner Asanko Gold’s eponymous mine, in Ghana, West Africa, delivered a strong second quarter in the three months to June 30, achieving commercial production a quarter ahead... 

Development activities under way at Lithium X’s Sal de los Angeles project

Several development activities are under way at TSX-listed Lithium X’s Sal de los Angeles lithium brine project, in Argentina’s Salta province, following the appointment of Eduardo Morales as COO... 

Danakali to supply 200 000 t potash to potential offtakers

Potash developer Danakali has signed several nonbinding memoranda of understanding (MoUs) with potential offtakers for the supply of 200 000 t/y potassium magnesium sulphate (SOP-M), which... 

Magnetite inks letter of intent with Chinese steelmaker

ASX-listed Magnetite Mines and Lodestone Equities are collaborating with Shandong Iron and Steel Group, to develop the magnetite resources of South Australia’s Mawson iron province, following a... 

Aguia advances Três Estradas phosphate project

Based on a positive resource update reaffirming the potential value of its flagship Três Estradas phosphate deposit, in southern Brazil, ASX-listed fertiliser developer Aguia Resources has... 

With necessary approvals received, Metals X’s Aditya takeover now under way

Having received the necessary approvals from the Reserve Bank of India, aluminium manufacturer Hindalco Industries, the largest shareholder in ASX-listed takeover target Aditya Birla Minerals... 

Orion secures advanced nickel-copper project in S Africa’s Northern Cape

ASX-listed Orion Gold has secured an exclusive right to earn up to an 80% interest in the Jacomynspan nickel-copper-platinum group elements (PGE) project, located in South Africa’s Northern Cape... 

Iluka ups Q2 production output, sees 20.8% increase on 2015 figures

ASX-listed mineral sands miner Iluka seems to have recovered from its production dip in the previous quarter, reporting a production rate of 334 000 t for the three months to June, which is in line... 

Atrum, BC Anthracite bury the litigation hatchet

ASX-listed coal developer Atrum Coal has settled all litigation proceedings with former founders Russel Moran and Gino D’Anna, owners of new venture BC Anthracite. Atrum announced on Wednesday that... 

LBMA appoints new chairperson

Following an independent executive search procedure, the London Bullion Market Association (LBMA) has appointed Dr Paul Fisher the new chairperson of the association, effective September 5. Due to... 

Pioneer to earn initial 51% interest in Raleigh lithium project

ASX-listed junior Pioneer Resources has signed a second option agreement with TSX-listed International Lithium Corp (ILC), enabling Pioneer to earn an initial 51% interest in the Ontario-based... 

Walkabout fast-tracking development at Lindi Jumbo graphite project

Africa-focused Walkabout Resources is fast-tracking project development at its Lindi Jumbo graphite mine, in south-eastern Tanzania, to commence with surface mining and processing operations on... 

Mantle’s Norton gold mine progressing towards first production

ASX-listed junior Mantle Mining is steadily progressing towards first gold concentrate production at its Queensland-based Norton gold mine. The company noted on Wednesday that sorter trials at the... 

Cazaly applies for exploration permit in cobalt-rich Lachlan Fold belt, NSW

ASX-listed junior explorer Cazaly Resources has lodged an application for an exploration permit over known cobalt-manganese mineralisation in the Lachlan Fold belt of New South Wales. The permit... 

Aguia finalises optimised PEA for flagship Três Estradas deposit

ASX-listed fertiliser developer Aguia Resources has completed the optimised preliminary economic assessment (PEA) for its flagship Três Estradas phosphate deposit, in Brazil, indicating a resource... 

GR Engineering awarded EPC contract for work on Mungana mine

ASX-listed engineering design and construction contractor GR Engineering Services has entered into an engineering, procurement and construction (EPC) contract with Auctus Resources for the design... 

Danakali receives positive feedback from Colluli impact assessment reviews

Potash developer Danakali announced on Monday that the two-month public review period for the ASX-listed miner’s Eritrea-based Colluli potash project’s social and environmental impact assessment... 

Independence remains within FY production guidance range across operations

ASX-listed diversified mining and exploration company Independence Group (IG) announced on Monday that gold production at its 30%-owned Tropicana gold mine – which is 70% owned and managed by... 

Hot Chili raises A$4.4m in oversubscription of shares, JV partner buys additional 2.5% in Productora

ASX-listed junior developer Hot Chili has raised A$4.4-million, against a target of A$2.5-million, following a successful placement of shares at a discounted average price of 5c a share – 10.7%... 

Base achieves near-record production, ups 2017 guidance on all commodities

Following consistent production rates achieved at its Kwale mineral sands operation in Kenya, East Africa, over the June 2016 quarter, dual-listed Base Resources has decided to increase its... 

New Talisman raises $4.7m, embarks on bulk sampling programme

ASX-listed junior New Talisman has successfully raised $4.69-million through the issue of about 905-million shares, enabling the miner to transition from explorer to developer as it embarks on a... 

Tlou Energy to expand Lesedi CBM project to 50 MW

Aim- and ASX-listed energy company Tlou Energy, which is focused on delivering power in Southern Africa through the development of coal-bed-methane (CBM) projects, announced Tuesday that its Lesedi... 

PepinNini raises $1.02m for Argentina-based lithium brine project

ASX-listed minerals exploration company PepinNini Minerals has raised $1.02-million to progress the company’s Salta lithium brine project, in Argentina. The company raised the funds through a... 

Global Geoscience proceeds with acquisition of Nevada lithium project

Having completed a successful exclusive due diligence investigation on the Ryholite Ridge lithium-boron project, in Nevada, the US, ASX-listed mineral exploration company Global has decided to...