R/€ = 17.30 Change: -0.03
R/$ = 14.85 Change: -0.03
Au 1793.04 $/oz Change: -1.08
Pt 1043.50 $/oz Change: -19.00

Exploration News

Nevada Lithium lists in Frankfurt, applies for OTCQB trading

By: Mariaan Webb     22nd October 2021 Minerals explorer Nevada Lithium’s shares are now cross listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange (FSE). “There is significant demand from European investors for exploration and development stories like ours, and we are pleased that it will now be easier for... 

De Grey completes major capital raise

By: Esmarie Iannucci     22nd October 2021 Junior De Grey Mining on Friday completed the fully underwritten placement of more than 113.6-million shares, to raise A$125-million. The ASX-listed company earlier this week announced the share placement, which was priced at A$1.10 a share, to fund exploration work and a prefeasibility study... 

Global exploration budget seen increasing in 2022

By: Creamer Media Reporter      21st October 2021 The mining exploration sector has emerged strongly from the downturn caused by the Covid-19 pandemic, with the aggregate global nonferrous exploration budget having increased by 35% year-on-year to $11.2-billion. This is according to S&P Global Market Intelligence principal metals and mining... 

Policy-not-law charter judgment going long way towards providing certainty – NSDV 

By: Martin Creamer     19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan ­– but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... 

Picutre supplied by NupenStaudeDeVries
NSDV mining law senior associate Muhammed Khan.

B2Gold hikes FY guidance, ups stake in Finland exploration JV

By: Mariaan Webb     19th October 2021 Canadian bullion miner B2Gold has hiked its 2021 guidance to between 1.012-million and 1.055-million ounces, following a strong third quarter in which output came in above target. The company produced 310 261 oz, including 14 538 oz of attributable production from its interest in Calibre... 

An image of the Fekola site
The Fekola mine, in Mali.

Incentive needed for smaller end of stock exchange to survive – Miller  

By: Martin Creamer     18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... 

Creamer Media screenshot of Paul Milller during October 2021 Zoom interview.
AmaranthCX director and owner Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Red Rock eyes Côte d’Ivoire opportunities with application for five exploration permits

By: Donna Slater     18th October 2021 LSE-listed gold, copper and cobalt producer Red Rock Resources has submitted applications for five exploration permits through a wholly-owned Côte d’Ivoire subsidiary LacGold Resources (LacGold). Red Rock chairperson Andrew Bell says exploration of some of the largest parts of the west African... 

Minerals exploration, Sibanye-Stillwater, structural issues make headlines   

15th October 2021 Mining Weekly Editor Martin Creamer unpacks the need for South Africa to ramp up critical minerals exploration as the world decarbonises; Sibanye-Stillwater's underground pumped energy storage prefeasibility study; and concern that the country’s mining boom is papering over structural issues.   

Photo of Martin Creamer
Minerals exploration, Sibanye-Stillwater, structural issues make headlines

Vaccination roll-out could increase investment

By: Theresa Bhowan-Rajah     15th October 2021 The South African mining industry’s proactive efforts to mitigate the effects of Covid-19 on the industry have resulted in its adopting a holistic approach to the pandemic, including the more recent vaccination roll-out. This can provide benefits for exploration investment in the country, says... 

Black and white image of Warren Beech
WARREN BEECH Vaccination has been acknowledged by the industry as one element of the holistic approach to managing Covid-19 in the workplace

Legislative changes needed to enhance exploration prospects

By: Theresa Bhowan-Rajah     15th October 2021 While exploration is the lifeblood of the local mining industry, law firm Beech Veltman states that exploration spend has been declining for several years, even before the Covid-19 pandemic impacted on global demand. “This decline of exploration activity has primarily been as a result of... 

Mining equipment in a gold mine tunnel
DOWNWARD SPIRAL Unless significant efforts are made to attract exploration investment, the South African mining industry will be in trouble

Company increases local exploration activity

By: Theresa Bhowan-Rajah     15th October 2021 Mining investment company Menar, through its subsidiaries, has committed to ensuring its continued growth through several investment and development projects. “Exploration allows for the development of new projects and the establishment of new mines. Menar has R7-billion worth of new investment... 

Aerial shot of Kangra Twyfelhoek mine
AERIAL VIEW While exploration does present multiple financial and economic benefits, the economic viability has to be assessed over a long-term period

Resources Watch  

14th October 2021 This week: Joburg Indaba hears that South Africa is in danger of missing out on commodity boom; South Africa’s exploration investment lowest since democracy began; and, Innovation brings benefits and poses challenges 

Resources Watch
Resources Watch

Kingwest raises exploration funding

By: Esmarie Iannucci     14th October 2021 ASX-listed Kingwest Resources will raise A$4-million in a share placement to fund exploration work in Western Australia. The company will place some 33.33-million shares, at a price of 12c each to professional and sophisticated investors. 

Explorer NGEx to raise C$20m

By: Creamer Media Reporter      14th October 2021 Canadian explorer NGEx Minerals has announced a nonbrokered private placement of 25-million shares at C$0.80 each to raise C$20-million. Net proceeds will be used towards further exploration programmes in Chile and Argentina, as well as the repayment of amounts drawn against a $3-million credit... 

Golden Arrow executes option for Argentina silver/gold project

By: Creamer Media Reporter      13th October 2021 TSX-V-listed Golden Arrow Resources has executed a definitive option agreement to acquire a 75% undivided interest in the Libanese project, in Santa Cruz, Argentina. Libanesa is a 14 500-ha silver/gold project located at the north eastern margin of the Deseado Massif metallogenic province, about... 

Qld Parliament backs miner claims

By: Esmarie Iannucci     13th October 2021 The Queensland Parliament has passed legislation aimed at assisting the resources sector keep driving Queensland’s economic recovery by confirming the validity of more than 900 historical mining tenures. Resources Minister Scott Stewart told Parliament that the Resources and Other Legislation... 

Desktop study unveils nearly 600 new deposits in Qld

By: Esmarie Iannucci     12th October 2021 A A$500 000 desktop study has unearthed almost 600 potential deposits of new economy minerals across Queensland, including six possible rare earth systems. Resources Minister Scott Stewart said the joint project with the University of Queensland’s Sustainable Minerals Institute was also creating... 

Minerals 260 lists on the ASX

By: Esmarie Iannucci     12th October 2021 Metals explorer Minerals 260 has officially listed on the ASX, after completing a A$30-million initial public offering. Lithium developer Liontown Resources in August this year announce its plans to demerge its non-lithium exploration assets into a separately listed entity known as Minerals 260. 

Antilles raises cash for Cuban exploration

By: Esmarie Iannucci     12th October 2021 ASX-listed Antilles Gold will raise some A$5-million in a share placement to fund exploration work and definitive feasibility work at the La Demajagua openpit gold/silver mine, in Cuba. Antilles on Tuesday said that it would place up to 65-million new shares, at a price of 7.75c each, with one... 

Mining boom papering over serious structural issues – Nedbank's Mpofu  

By: Martin Creamer     11th October 2021 South Africa’s current mining boom is papering over some very serious structural issues that underlie the mining industry as a whole. “Chief amongst those is the slowdown if not disappearance of investment in future capacity, a trend we’ve been seeing for the past ten years,” said Nedbank mining... 

Supplied picture of Nedbank mining lead Mpofu
Nedbank mining lead Vusi Mpofu interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Barrick commissions Africa’s first PhotonAssay laboratory

By: Creamer Media Reporter      11th October 2021 Gold major Barrick Gold Corporation has, in partnership with MSALABS, successfully installed a Chrysos PhotonAssay laboratory at its Bulyanhulu mine, in Tanzania. This is the first PhotonAssay laboratory in Africa and the first to be installed by Barrick. 

A photo of Chrysos Corporation's PhotonAssay laboratory
A Chrysos PhotonAssay laboratory has been installed at Barrick Gold's Bulyanhulue mine in Tanzania

BHP not averse to new jurisdictions - Henry

By: Esmarie Iannucci     11th October 2021 Diversified miner BHP would not be averse to entering new jurisdictions in its hunt for resources, and could make a return to Africa, CEO Mike Henry has said. In an interview with the Financial Times, Henry noted that in its hunt for future facing commodities, BHP would need to find more... 

An image of BHP CEO Mike Henry
BHP CEO Mike Henry

Exploration key to keeping South Africa on right side of future – investors 

By: Martin Creamer     11th October 2021 Exploration is key to keeping South Africa on the right side of the future-facing metals scenario, the Joburg Indaba heard last week from potential investors. During a panel discussion on mining sector prospects covered by Mining Weekly, the heads of international investment companies commented... 

Creamer Media screenshot of panel discussion at Joburg Indaba in October 2021
Photo by Creamer Media
Form top left clockwise are Fiona Perrott-Humphrey, Olivia Markham, Brett Beatty, Bernard Swanepoel and Mick McMullen.

Brightstar raises funds for drilling

By: Esmarie Iannucci     8th October 2021 Junior Brightstar Resources has completed a A$2.3-million share placement to professional and sophisticated investors, to fund drilling at the Cork Tree Well gold project, in Western Australia. The company placed some 87-million shares, at a price of 2.7c each. 

Work starts to expand Qld core library

By: Esmarie Iannucci     8th October 2021 The Queensland government has started work on a bigger, better Mount Isa rock library, to make it easier for explorers to find the next big mining prospect in the state's world-leading North West Minerals Province. “The drill core library and its 230 km of drill core samples are critical for... 

Drilling confirms geological model

8th October 2021 Gold miner West African Resources (WAF) reported last month that resource definition drilling has confirmed the geological model, with extensive zones of gold mineralisation intercepted at the Toega deposit in Burkina Faso. “Resource definition drilling at the 1.3-million-ounce Toega gold deposit... 

Concerns remain despite assurances after coup

By: Cameron Mackay     8th October 2021 Despite assurances that mining activity would not be disrupted in Guinea following the coup d'état on September 5, there is lingering concern that investors could be reluctant to continue investing in the country, argues law firm Beech Veltman CEO Warren Beech. “Investors are usually concerned... 

Image of Beech Veltman CEO Warren Beech
WARREN BEECH While West Africa should be benefitting from more investment, there are a number of concerns to investors regarding illegal mining and regional stability and security

Cooperation crucial to West African development – law firm

By: Cameron Mackay     8th October 2021 Amid opportunities for mining and the availability of substantial human resources in West Africa, cooperation between the public and private sectors can help grow mining in the region. This cooperation can contribute to the development of industries, such as the energy sector, as well as the... 

Image of platinum mining machinery on a mine site
EMPOWERED DEVELOPMENT Minerals mined from West Africa, aside from the fiscal revenue they bring in, should be used to develop the country in which they were extracted

Progress announced with exploration projects

8th October 2021 Gold miner Hummingbird Resources in August announced its unaudited results for the six months ended June 30, 2021. The company reported material progress and success with its 2021 Yanfolila exploration and drilling programme, in Mali, during the first half of the year (H1).  

Image of drilling at Hummingbird Resources' Yanfolila project
EXTENSIVE DRILLING The company reported drilling 32 500 m of the 44 600 m forecast for the year, in H1 2021, with significant drill hole intercepts

Ghana base acts as catalyst for growth

By: Cameron Mackay     8th October 2021 Much of the success of consulting engineers and scientists SRK Consulting’s office in Accra, Ghana, is based on the company’s local knowledge, represented by experienced professionals from West Africa, states SRK Consulting principal resource geologist and SRK Ghana country manager Ivan Doku.... 

Image of SRK Consulting working on a mine site in West Africa
BUILDING IN-COUNTRY EXPERTISE Despite challenges, SRK Consulting continues to build capacity in West Africa

Pegasus acquires Saskatchewan uranium property

By: Creamer Media Reporter      7th October 2021 Canadian junior mineral exploration company Pegasus Resources has acquired the Pine Channel uranium property, in the Athabasca Basin in northern Saskatchewan from Eagle Plains Resources for 500 000 shares and a 2.5% net smelter return royalty. The property is prospective for unconformity-related... 

Titan raises funds to explore Ecuador

By: Esmarie Iannucci     7th October 2021 Gold and copper hopeful Titan Minerals will raise A$18-million in a share placement to fund drilling work in Ecuador. The ASX-listed company will issue 180-million new shares, at a price of 10c each, in a single tranche under its existing placement capacity. 

South Africa in danger of missing out on commodity boom, Joburg Indaba hears  

By: Martin Creamer     6th October 2021 A much more enabling environment is needed to ensure that South Africa does not miss out on yet another commodity boom, the Joburg Indaba heard on Wednesday. “We know that we’ve missed at least one commodity boom,” Foskor chairperson, Industrial Development Corporation director and founding... 

Creamer Media screenshot of PwC Africa CEO Dion Shango at Joburg Indaba 2021
Joburg Indaba opening session covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Innovative wireless sensor approach could make exploration cheaper – Prof  

By: Martin Creamer     5th October 2021 An innovative wireless sensor method of mapping the subsurface of the earth could make exploration cheaper and mining safer, says Professor Musa Manzi, the award-winning director of the Seismic Research Centre of the School of Geosciences at the University of the Witwatersrand. The method, which... 

Picture supplied
Wits Professor Musa Manzi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Investment in mining crucial to ensure continued contribution to economy – PwC  

By: Martin Creamer     5th October 2021 Investment in the mining industry is crucial to ensure its continued contribution to the South African economy, says PwC in its thirteenth edition of SA Mine 2021, a series of publications that highlights trends in the South African mining industry. In a year of doom and gloom on so many fronts,... 

Creamer Media screenshots and design of elements presented at PwC SA Mine 2021
PwC presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mali project’s gold resource hits 1Moz – Altus

By: Mariaan Webb     5th October 2021 The Tabakorole gold project, a joint venture (JV) between Altus Strategies and Marvel Gold, is shaping up to be a significant potential development project, in west Africa, and now boasts a resource of more than one-million ounces. Tabakorole hosts a deposit with an estimated indicated resource... 

Defense Metals expedites Wicheeda REE drill programme

By: Creamer Media Reporter      5th October 2021 TSX-V-listed Defense Metals is mobilising a second diamond drill to expedite its ongoing Wicheeda rare earth element (REE) deposit resource expansion and delineation diamond drill programme. The second drill rig will start coring within the central deposit by mid-week, the company said on Monday. 

Maple Gold intersects 334 g/t at Douay

By: Mariaan Webb     5th October 2021 Explorer Maple Gold Mines will announce a new mineral resource estimate for the Douay gold project, in Quebec, before year-end, having now received all assay results from its winter 2021 drill campaign. The new resource estimate will include more than 19 000 m of additional drilling since the... 

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