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Exploration News

Kavango acquires new licence at Ditau in Botswana

By: Tasneem Bulbulia     15th July 2019 Aim-listed Kavango Resources has acquired a new prospecting licence (PL) adjacent to its current Ditau PL, in Botswana. The new PL covers an area of 916.4 km2 to the south-west of the current PL. 

BHP and Luminex make Ecuador earn-in binding

By: Creamer Media Reporter      15th July 2019 Canadian junior Luminex Resources on Monday announced the signing of a formal earn-in and joint venture (JV) agreement with a wholly-owned subsidiary of BHP, which would earn into two mining concessions in Ecuador. Ultimately, the major will have the right to earn a 70% interest in a JV company... 

Oz Minerals signs up for Maslins exploration

By: Esmarie Iannucci     15th July 2019 Copper and gold miner Oz Minerals will spend up to A$10-million at the Maslins iron-oxide copper gold (IOCG) project, in South Australia, to earn a 70% stake. The agreement with ASX-listed Investigator Resources would require Oz Minerals to commit to a A$1.4-million minimum spend on the project... 

Aerial survey for Arctic oil scrapped amid risks to polar bears

By: Bloomberg     12th July 2019 A company abandoned plans to conduct an aerial survey of potential oil in the Arctic National Wildlife Refuge following stern warnings from US government scientists the work could harm polar bears. The risk to polar bears “is high enough that it cannot be discounted", Interior’s Fish and... 

Greater input from Europe, North America will boost African mining

By: Tracy Hancock     12th July 2019 The African mining industry is largely holding its own, despite factors discouraging investor interest, with China delivering the sector’s foremost source of investment for mining projects and infrastructure development, says African Mining Network (AMN) chairperson Yolanda Torrisi. She says the... 

Greater input from Europe, North America will boost African mining
DRIVING DEVELOPMENT Policies that encourage the adoption of technology will help the industry to perform better, especially during mining downturns

Expected demand brings airborne survey system back to Africa

By: Tracy Hancock     12th July 2019 There are many mining and exploration opportunities in Southern Africa, with exploration work growing as more mining companies are focusing on the region, says South African airborne geophysics technology provider Spectrem Air GM Louis Polomé. In the next ten years, remote sensing in terms of... 

Expected demand brings airborne survey system back to Africa
SOUTHERN AFRICAN HOPES Spectrem Air expects remote sensing, in terms of geophysics, to play a critical role in the exploration of Southern Africa in the next ten years

Company service offering geared for juniors

By: Mamaili Mamaila     12th July 2019 While mining majors often have in-house exploration experience, juniors lack this experience and thus engineering consulting company SRK Exploration Services (ES) is increasingly providing advisory services, from strategic to operational guidance, to juniors, says SRK ES Johannesburg branch... 

Company service offering geared for juniors
JOHN PAUL HUNT Without junior mining companies understanding the uncertainty that the data might reflect, there is a risk of making suboptimum business decisions

Namibia attractive landscape, says Canadian miner

By: Tracy Hancock     12th July 2019 Besides the significant lure of Namibia’s mineral-rich geology, the country’s various attributes make it a more attractive investment destination for exploration and development companies than other mining jurisdictions, says Canadian strategic minerals-focused company Broadway Gold Mining... 

Namibia attractive landscape, says Canadian miner
BUILDING PORTFOLIO Broadway Gold Mining has boosted its portfolio, previously consisting only of its Madison copper/gold project in the US, with its Namibian copper/vanadium acquisition

Local miners struggling to acquire funding, yet opportunity exists

By: Jessica Oosthuizen     12th July 2019 Although mining companies and junior miners are struggling to secure funding for projects, listing on a stock exchange may offer opportunities for these companies to raise capital and grow their businesses, says exchange trading platform 4 Africa Exchange (4AX) business development head Noah... 

Explorer Osisko Mining raises C$40m

By: Creamer Media Reporter      11th July 2019 TSX-listed exploration company Osisko Mining has raised C$40-million in two financing transactions announced on Wednesday. In the C$30-million raising, the company entered into an agreement with a syndicate of underwriters, led by Canaccord Genuity, for a “bought deal” private placement of... 

Marindi raises cash for WA exploration

By: Esmarie Iannucci     10th July 2019 Explorer Marindi Metals will raise A$2.5-million through a share placement, convertible note deed and an entitlement offer to fund exploration programmes at its Forrestania gold and lithium projects, in Western Australia. The initial fundraising will consist of the placement of 116-million... 

Brazil to auction mining rights for about 1 000 areas this year – regulator

By: Reuters     9th July 2019 Brazil plans to put about 1 000 mining areas up for auction this year including areas containing gold, copper and iron-ore, a director of the country's National Mining Agency (ANM) told Reuters on Monday. ANM had initially planned to start auctioning off the areas in the first half of 2019, but... 

Strandline adds to Tajiri resource

By: Esmarie Iannucci     9th July 2019 Mineral sands developer Strandline Resources has reported an 80% increase in the resource estimate of the Tajiri project, in Tanzania, which is now estimated to host some 268-million tonnes grading 3.3% total heavy minerals. The new resource estimate has increased the contained heavy mineral... 

Kathleen Valley resource jumps by 353%

By: Esmarie Iannucci     9th July 2019 The mineral resource estimate for the Kathleen Valley lithium/tantalum project, in Western Australia, has increased by 353%, on the back of new drilling results. ASX-listed Liontown Resources told shareholders on Tuesday that the Kathleen Valley measured, indicated and inferred resource was now... 

NTM raises cash for exploration

By: Esmarie Iannucci     8th July 2019 ASX-listed junior NTM Gold will raise A$3.86-million to accelerate the exploration on its Redcliffe gold project, in Western Australia. The company on Monday announced that it would issue some 100-million shares, at a price of 3.25c each, to institutional and sophisticated investors. The share... 

More miners sign up for JMEI

By: Esmarie Iannucci     5th July 2019 The federal government’s Junior Minerals Exploration Incentive (JMEI) has again been oversubscribed, with 43 companies successfully applying for the A$30-million of available credits for the 2019/20 year, the Association of Mining and Exploration Companies said on Friday. The JMEI is a tax credit... 

Anaconda increases private placement

By: Creamer Media Reporter      5th July 2019 TSX- and OTCQX-listed Anaconda Mining will increase the size of its nonbrokered private placement to raise $4.75-million. The company now plans to issue up to 7.52-million flow-through units at a price of $0.35 and up to 7.85-million units at $0.27 a share. 

Company receives exploration permit for Brazil gold project

5th July 2019 Brazilian mining company Jupiter Gold received the exploration permit from the local mining department in Brazil for each of the three mineral rights that encompass its Serrita gold project. The Serrita project covers around 5 500 ha and is located in the state of Pernambuco, in the north-eastern... 

Company receives exploration permit  for Brazil gold project
Photo by Bloomberg
ROYALTY REVENUE Jupiter Gold will be receiving 50% of the gold revenues from the Pindaíba project, its first royalty project later this year

South American mining holds promise despite challenges

By: Cameron Mackay     5th July 2019 Investment in mining projects in South America is expected to continue, despite political and infrastructural challenges in key mining country economies, says international commodities consultancy Core Consultants MD Lara Smith. “Vast natural resources and relatively low labour costs make the... 

South American mining holds promise despite challenges
LARA SMITH Core Consultants is aware of a number of investors who have chosen to invest solely in South America, particularly in gold and lithium assets

Strategies, trials boost provider’s presence

By: Cameron Mackay     5th July 2019 Mining explosives solutions provider AEL Intelligent Blasting acquired full ownership of Brazilian explosives company Dinacon in April this year as part of its international expansion strategy, which will give the company an increased presence in South America. The acquisition includes a bulk... 

Strategies, trials boost  provider’s presence
LATIN AMERICAN EXPANSION The improvement of business and consumer confidence and other economic metrics in Latin American countries presents an opportune time for AEL to expand in this market

Strong fundamentals positioning miners to adapt to changing shareholder expectations

By: Simone Liedtke     5th July 2019 Despite the world’s top 40 miners consolidating their performance of the past several years, they are “not getting the credit for it”, according to consultancy PricewaterhouseCoopers’ (PwC’s) ‘Mine 2019: Resourcing the Future’ report, which provides key trends for the mining industry and PwC’s... 

Strong fundamentals positioning miners to adapt to changing shareholder expectations

Solaris to earn in on Freeport’s Tamarugo property in Chile

By: Tasneem Bulbulia     4th July 2019 Solaris Copper’s subsidiary Solaris Copper Chile has entered into a definitive earn-in option agreement with Minera Freeport-McMoRan South America with respect to Freeport’s Tamarugo property in Chile. Tamarugo is a grassroots copper porphyry target comprising about 5 100 ha strategically located... 

Mkango granted fourth exploration licence in Malawi

By: Marleny Arnoldi     4th July 2019 The Malawian government has granted TSX-V- and Aim-listed Mkango Resources a new and exclusive three-year prospecting licence in the Mchinji district, adjacent to licences with known nickel/cobalt resources. Mkango will evaluate all historical data over the 868 km2 licence area and exploration... 

Apollo faces battle in France

By: Esmarie Iannucci     4th July 2019 ASX-listed Apollo Minerals could be facing a lengthy court battle after the Administrative Court cancelled the exploration license for its Couflens project, in France. The Administrative Court has ruled to cancel the Couflens permit due to a number of process errors in the 2016 granting of the... 

Landore raises £250 000 for exploration

By: Simone Liedtke     3rd July 2019 Aim-listed Landore Resources has raised £250 000 through a subscription of 35.7-million new ordinary shares at 7p a share. The proceeds are to be used for working capital purposes, as well as to help fund the company’s exploration programme. 

Mayur shakes the tin

By: Esmarie Iannucci     3rd July 2019 ASX-listed Mayur Resources has raised A$9.7-million through an option underwriting agreement and an institutional share placement to fund a number of project works over the next six to twelve months. Mayur on Wednesday said that it had entered into an underwriting agreement with Morgans... 

Endeavour to declare maiden Kari West resource estimate in the fourth quarter

By: Marleny Arnoldi     2nd July 2019 TSX-listed Endeavour Mining anticipates to declare a maiden resource estimate at its Kari West deposit during the fourth quarter, while Kari Center discoveries are expected to be announced around the same time. The company has drilled more than 104 000 m over the Kari gold-in-soil anomaly since... 

Corazon completes Mt Gilmore earn-in

By: Esmarie Iannucci     2nd July 2019 ASX-listed Corazon Mining has earned an 80% interest in the Mount Gilmore copper/cobalt/gold project, in New South Wales, following a A$2-million exploration spend. The company in 2016 struck an earn-in deal with vendor Providence Gold and Minerals, agreeing to spend A$2-million on exploration... 

Phoenix Global Mining changes name to Phoenix Copper

By: Creamer Media Reporter      1st July 2019 North America-focused base and precious metals exploration and development company Phoenix Global Mining has changed its name to Phoenix Copper. The company, which is listed on the London's Aim market, owns the Empire copper project, in Idaho, in the US. 

IronRidge’s Côte d'Ivoire field programmes continue to gather momentum

By: Tasneem Bulbulia     1st July 2019 Africa-focussed minerals exploration company IronRidge Resources’ field programmes within its Côte d'Ivoire exploration portfolio are continuing to gather momentum, IronRidge CEO Vincent Mascolo says. Detailed face mapping and sampling have been completed within 145 primary hard-rock artisanal... 

Soil grid survey reveals three distinct gold geochemical trends

28th June 2019 Three prominent gold geochemical trends have been identified at Vancouver-based gold exploration and development company Nexus Gold’s 100%-owned Dakouli 2 exploration permit located in central Burkina Faso, West Africa, following a 150 line kilometre soil geochemistry survey. The primary gold... 

Soil grid survey reveals three distinct gold  geochemical trends
Photo by Nexus Gold
ACTIVE IN WEST AFRICA The Bouboulou gold concession, 75 km northwest of Burkina Faso’s capital, Ouagadougou, is one of four West African projects where Nexus Gold is concentrating its efforts on establishing a compliant resource

Alien finds gold at Donovan 2, Mexico

By: Creamer Media Reporter      27th June 2019 Aim-listed Alien Metals, previously Arian Silver, has confirmed the presence of gold at the Donovan 2 concession, in Zacateca, Mexico, lifting the company’s share price by 20%. CEO Peter Taylor commented on Thursday that the presence of gold at Donovan 2 came as no surprise, given that the... 

Major drill targets confirmed at Katoro’s Haneti nickel project

By: Tasneem Bulbulia     26th June 2019 There are indications that Aim-listed Katoro Gold’s 75%-owned Haneti nickel project, in Tanzania, could host a chonolith-type nickel sulphide deposit. The company would, therefore, push ahead with preparations for a fully funded drilling programme at the two key targets, Mihanza Hill and Mwaka... 

Arrow invests in Burkina Faso exploration

By: Esmarie Iannucci     26th June 2019 Perth based Arrow Minerals has struck a A$2.9-million deal to acquire privately held exploration company Boromo Gold, which holds six exploration projects in Burkina Faso. Under the terms of the agreement, Arrow would issue ten of is own shares for each Boromo share held, and ten Arrow... 

Kari Pump discovery offers significant upside at Endeavour's Houndé mine

By: Creamer Media Reporter      25th June 2019 The reserves at gold miner Endeavour Mining's flagship Houndé mine, in Burkina Faso, have increased by 41% as a large portion of the Kari Pump discovery's maiden measured and indicated resource was converted to reserves. The Kari Pump's maiden reserve is 7.3-million tonnes, at a grade of 3.01 g/t... 

Ardea to spin-out NSW assets

By: Esmarie Iannucci     25th June 2019 Junior Ardea Resources will spin-out its Lachlan Fold Belt gold and base metal tenements, in New South Wales, into a new vehicle named Godolphin Resources. In an initial public offering (IPO), existing Ardea shareholders will receive an in-specie distribution of 30-million Godolphin vendor... 

Pleasing Orion bankable points to fast project payback 

By: Martin Creamer     24th June 2019 Zinc and copper exploration and development company Orion Minerals pleasantly surprised the market on Monday when it announced a bankable feasibility study (BFS) that paves the way for financing, concentrate offtake and mine construction of the Prieska project in the Northern Cape. The BFS... 

Pleasing Orion bankable points to fast project payback
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Venus Metals, Rox to collaborate on four projects

By: Marleny Arnoldi     21st June 2019 ASX-listed Venus Metals has successfully formed four joint ventures in Western Australia with ASX-listed Rox Resources, with Venus receiving $2.5-million and 25-million shares from Rox. The Youanmi Gold Mine Joint Venture (OYG JV) is 50%-owned by each company, with Rox having the obligation to... 

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