R/€ = 17.06 Change: -0.09
R/$ = 16.74 Change: -0.21
Au 1761.93 $/oz Change: -43.28
Pt 865.00 $/oz Change: -11.90

Exploration News

Gandel starts compulsory acquisition of Alliance shares

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed Gandel Metals has started with the compulsory acquisition of the remaining shares in fellow-listed Alliance Resources, after gaining a 94.34% interest in the takeover target at the end of the takeover offer period, which closed on July 4. Gandel earlier this year launched an 18c a... 

Galileo raises A$20.4m for exploration

By: Esmarie Iannucci     6th July 2022 Junior Galileo Mining will raise A$20.4-million in a share placement to sophisticated and institutional investors to fund exploration work at its Callisto palladium/nickel discovery, in Western Australia. Some 170-million shares will be placed, at a price of A$1.20 a share under Galileo’s... 

Image shows currency

Exciting listing on JSE’s AltX poised to give investors pure copper play  

By: Martin Creamer     5th July 2022 The reverse listing of Big Tree Copper into SHiP Copper Company on the AltX of the Johannesburg Stock Exchange in October is expected to raise between R60-million to R250-million for the ramping up of combined production to 10 000 t of copper a year in the next three years. SHiP, run by Shirley... 

Picrture supplied.
Big Tree Copper CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer.

Mosaic acquires 100% interest in Gaboury, 113 North projects

By: Tasneem Bulbulia     5th July 2022 Canadian mining exploration company Mosaic Minerals has signed an agreement to acquire 100% of the interest in the Gaboury project, in Témiscamingue, Québec and 113 North project in Abitibi, Québec, from TSX-V-listed Fokus Mining. To acquire 100% interest in the Gaboury and 113 North projects,... 

Stavely raises cash for Victorian exploration

By: Esmarie Iannucci     5th July 2022 Junior Stavely Minerals will raise A$4-million in a share placement to fund exploration and resource definition drilling at its copper/gold project in Western Victoria. The ASX-listed company on Tuesday reported that it would place some 26.7-million shares, at a price of 15c each under its... 

Alara forms JV to bid for Saudi zinc-copper exploration licence

By: Darren Parker     4th July 2022 ASX-listed metals explorer and developer Alara Resources is hopeful that it will return to Saudi Arabia, announcing on Monday that it had formed a joint venture (JV) to bid for the award of a 353 km2 exploration licence that includes the company’s former Khnaiguiyah zinc-copper project. Alara... 

Coda sells Mt Piper to Kalamazoo

By: Darren Parker     4th July 2022 ASX-listed Coda Minerals has agreed to divest its Mt Piper gold project in central Victoria, to fellow-listed Kalamazoo Resources for a consideration package comprising a combination of upfront cash, shares and a future production royalty. Mt Piper was inherited by Coda as part of its recently... 

IGO to acquire 70% stake in Matsa’s Fraser Range tenements

By: Darren Parker     1st July 2022 ASX-listed Matsa Resources has entered into an agreement with exploration company IGO Newsearch, whereby IGO will acquire a 70% interest in the copper/nickel Symons Hill project as well as Matsa’s other Fraser Range tenements in Western Australia. Under the terms of the agreement, IGO will pay... 

Oceana Lithium begins trading on ASX

By: Darren Parker     1st July 2022 Mineral exploration and development company Oceana Lithium started trading on the ASX on Friday under the code OCN. The listing follows the successful and oversubscribed initial public offering (IPO) of Oceana, which raised A$6-million in new equity. This included a A$1-million cornerstone... 

Spanish Parliament rejects motion to make mining approvals more difficult

By: Darren Parker     1st July 2022 The Spanish Parliament has rejected a motion by democratic socialist electoral alliance Unidas Podemos that would have made it more difficult to secure approvals for new mining projects and would have also increased taxes on existing mineral producers. On June 23, the motion was outvoted by an... 

Midas expands portfolio, appoints Calderwood MD

By: Mariaan Webb     1st July 2022 Western Australia-baased junior explorer Midas Minerals has appointed experienced mining executive Mark Calderwood to the board in the of MD, as the company moves to expand its project portfolio, including exercising an option to acquire the Newington lithium/gold project. Calderwood has served... 

China's Huayou to explore Zimbabwe lithium plant 'when conditions are right'

By: Reuters     30th June 2022 Huayou Cobalt 603799.SS on Thursday said it could not immediately commit to producing battery-grade lithium in Zimbabwe after the country's competition authority made that a condition of its takeover of a lithium mine.  China's biggest cobalt refiner acquired the hard-rock Arcadia lithium mine,... 

Pan African study highlights Mogale Gold's fast payback, low costs, output uplift, ungeared return 

By: Martin Creamer     30th June 2022 Fast payback, low costs, big production uplift, long life, high ungeared return and a lot more is contained in the definitive feasibility study (DFS) on the Mogale Gold tailings storage facilities published by gold mining company Pan African on Thursday. The Mogale Gold tailings storage... 

Creamer Media photograph.
Photo by Creamer Media
Pan African CEO Cobus Loots.

Critical minerals inspire global collaborative exploration efforts, finds PDAC panel

By: Marleny Arnoldi     29th June 2022 Governments around the world are using next-generation public geoscience to meet many of the same challenges and opportunities, including meeting increased demands for critical minerals, clean energy supply and disaster risk reduction. As such, many national and regional geological survey... 

Capital raise under way to progress copper/zinc mine in Northern Cape 

By: Martin Creamer     29th June 2022 An opportunity to subscribe for new shares in parcels starting from R20 000 to a maximum of R330 000 is being offered to eligible shareholders by Orion Minerals. The capital raise is being undertaken to fund the Sydney- and Johannesburg-listed Orion’s Prieska copper/zinc mine, as well as other... 

Creamer Media photograph.
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Rio Tinto considers exiting Canada diamond project, says partner

By: Mariaan Webb     29th June 2022 Diversified miner Rio Tinto has exercised its voting power to place the Star-Orion South diamond project, in Saskatchewan, Canada, on care-and-maintenance, its joint-venture (JV) partner said on Wednesday. Star Diamond said that, subject to fulfilling its existing obligations, Rio Tinto would... 

Rio Tinto considers exiting Canada diamond project, says partner

Golden Rim to sell noncore Burkina Faso gold assets for $15.5m

By: Creamer Media Reporter      28th June 2022 ASX-listed Golden Rim Resources will sell its Kouri and Babonga gold projects, in Burkina Faso, to BAOR – a mining company based in the West African country – for $15.5-million, or about A$22.3-million. The funds are payable in four tranches, with the first $600 000 payment due within 15 business... 

Nova reports 1 330 g/t gold discovery in Alaska

By: Darren Parker     28th June 2022 Ongoing resource drilling at Nova Minerals RPM gold project’s North deposit, in Alaska, has delivered a “bonanza” gold grade discovery of 1 330 g/t from selective sampling of mineralised veins in drill core, resulting in a 13% boost in the ASX-listed company’s share price on Tuesday. The drilling... 

Cora welcomes lead investor's continued support

By: Creamer Media Reporter      27th June 2022 West Africa-focused gold company Cora Gold, which is developing its flagship Sanankoro project, in Mali, has confirmed that it has the continued support of lead investor Lionhead Capital Advisors. Cora and Lionhead in September 2021 entered into a $25-million mandate and term sheet to fund the... 

Panther announces large nickel/cobalt resource increase at Coglia

By: Darren Parker     27th June 2022 ASX-listed Panther Metals has released its maiden nickel/cobalt mineral resource estimate (MRE) for its Coglia project in Western Australia, which exceeds the upper limit of the former Joint Ore Reserves Committee- (Jorc) exploration target (JET) by 20-million tonnes, constituting a 40% increase... 

Exploration at Lulo adds two new high-priority kimberlites for bulk sampling

By: Darren Parker     24th June 2022 The kimberlite exploration work programme at Lulo, in Angola, has been boosted by the addition of two new high-priority kimberlites for bulk sampling, says ASX-listed Lucapa Diamond Company. Lucapa, which owns Lulo in a partnership with Angolan national mining company Endiama and private Angolan... 

Lulo diamond mine in Angola
Lulo diamond mine in Angola

Jervois confirms ICO capex at $107m, expects first ore through new mill in October

By: Darren Parker     24th June 2022 ASX-, TSX-V- and OTCQX-listed Jervois Global has said that it expects to start commissioning the plant at its Idaho Cobalt Operations (ICO), in the US, in September, with first ore through the mill in October. The company said on Friday that sustainable, full-rate ore processing was forecast to... 

Manganese project closer to its goal

By: Nadine Ramdass     24th June 2022 Battery metal development company Giyani Metals aims to have the feasibility study for its K.Hill project, located near the town of Kanye, in Botswana, completed in the third quarter of this year. Following the completion of the study, the TSX-V-listed company will begin development on its... 

An image of the K.Hill project's manganese core sample
K.HILL MANGANESE CORE SAMPLE The K.Hill mine site has had exploration success

Mining transformation pivotal for sector

By: Sabrina Jardim     24th June 2022 This year’s Investing in African Mining Indaba was an important opportunity for the Kingdom of Saudi Arabia’s Ministry of Industry and Mineral Resources (MIM) to share its mining transformation experience, says Saudi Arabia’s Mining Affairs Vice Minister in the MIM Khalid Al-Mudaifer. “This... 

An image depicting Khalid Al-Mudaifer
KHALID AL-MUDAIFER Saudi Arabia has, over the past several years, been dedicated to increasing financial and human resources to rapidly transform Saudi Arabia’s mining sector

Remote sensing specialist successful at Indaba

By: Sabrina Jardim     24th June 2022 Berlin-based remote sensing technology specialist ILV participated in the Investing in African Mining Indaba for the first time this year, owing to the company’s involvement in different African and Middle East mining projects. Projects in the region include contracts awarded in Algeria, the... 

An image depicting the ILV team giving a presentation at the Mining Indaba
FIRST-TIMERS Participation of ILV-Fernerkundung GmbH at the German Day, with a representative of the German government Dr. Nils Plenge

In-country beneficiation opportunities rise on back of EV growth

By: Nadine Ramdass     24th June 2022 Growth in the electric vehicles (EVs) market has led to increasing interest and demand for materials, such as manganese, used in the production of EV rechargeable batteries. This increased interest has also led to EV manufacturers aiming to diversify their battery material suppliers, owing to a... 

An image of Giyani Metals' Otse Prospect
GIYANI METALS' OTSE PROSPECT The growing EV market has led to an increase in demand for materials used in rechargeable batteries

Deeming could bring regulatory certainty to much-needed minerals investment – NSDV  

By: Martin Creamer     23rd June 2022 The detraction of the South African investment market is the uncertainty around approval timelines and the implementation of a deeming provision could change all that by treating applications as approved after the passing of a set period of time. Many want to invest in exploration and mining... 

NSDV advisory head Mark Gilbert.
NSDV Advisory Head Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Small diamond miners want big licence holders built in so they can grow sector together  

By: Martin Creamer     21st June 2022 Small diamond miners want to lock arms with all stakeholders through the South African Diamond Producers’ Organisation (Sadpo) to recover a large number of lost jobs and to realise the full potential value alluvial diamonds. “The role of Sadpo is to take on those big conversations and make sure... 

Picture supplied.
Sadpo CEO Yamkela Makupula interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Hamak reports strong gold exploration results in Liberia

By: Darren Parker     21st June 2022 LSE-listed Hamak Gold has announced positive gold exploration results from the first grid block soil sampling at its 985.60 km2 Nimba licence, which is located in northern Liberia, 25 km west of competitor Endeavour Mining’s three-million-ounce Ity gold mine complex in neighbouring Côte d’Ivoire... 

Hamak executive director Karl Smithson
Hamak executive director Karl Smithson

Fireweed Zinc mobilises field crews for Macmillan Pass drilling

By: Creamer Media Reporter      21st June 2022 The first field crews have been mobilised to the Macmillan Pass property, in Yukon, to prepare for the 2022 drill programme – set to be Fireweed Zinc’s largest to date with 8 000 m of diamond drilling planned. The TSX-V-listed explorer reports that significant improvements are being made to the... 

Qld puts aside A$80m for resources sector

By: Esmarie Iannucci     21st June 2022 Some A$80-million has been set aside in the Queensland Budget to support growth and diversification in the resources sector. Resources Minister Scott Stewart said the A$79.6-million department budget would help grow and diversify the resources industry into the future with a focus on good solid... 

Kore CEO steps down to cut costs

By: Mariaan Webb     20th June 2022 TSX-V-listed precious metals explorer Kore Mining, which owns assets in California, US, on Friday unveiled a reorganisation plan to conserve capital, which would see CEO Scott Trebilcock step down as president and CEO on July 1. Trebilcock would remain a director of Kore and would be a... 

Changes afoot at Celsius

By: Esmarie Iannucci     17th June 2022 Copper and gold junior Celsius Resources has resumed share trading after announcing significant board changes and the sale of its Cullarin West project, in New South Wales. The ASX-listed company has announced the termination of MD Robert Gregory and non-executive director Bill Oliver’s... 

Innovative tech is changing industry trends

17th June 2022 The last half century has seen a massive shift in geological thinking, and technological innovation and developments, in all facets of diamond exploration, mining, processing, recovery, manufacturing, marketing and sales, says exploration, evaluation and mining geologist Dr John Bristow. He notes... 

Diamond miners require supportive regulation

By: Mandisa Nyathi     17th June 2022 Government needs to provide regulatory laws that protect the interests of natural diamond owners with the rise of laboratory-grown diamonds in the market, Aim- and BSE-listed Botswana Diamonds MD James Campbell tells Mining Weekly. 

image of men drilling on Thorny River licence area
ILLUMINATING OPERATION Botswana Diamonds exploring the Thorny River licence area

Pandemic revives diamond industry

By: Mandisa Nyathi     17th June 2022 The Covid-19 pandemic was a blessing in disguise for the diamond industry, as supply constraints caused by the knock-on effects of the restrictions resulted in increased prices, after sustained periods of subdued commodities prices, says minerals processing plant supplier Bond Equipment business... 

An image of a Bond Equipment plant
BUSINESS BOOMING In the period following the pandemic, the number of brownfield developments increased for the diamond industry in the Southern African region

Cobre makes a move on Metal Tiger's Kalahari exploration vehicle

By: Esmarie Iannucci     16th June 2022 ASX-listed Cobre has struck a share purchase deed with fellow-listed Metal Tiger to acquire take full ownership of the Kalahari Metals (KML) exploration vehicle. Cobre holds a 51% stake inKML, which controls some 8 595 km2 of tenements within the Kalahari copper belt, in Botswana.The tenement... 

ESG provides profitable returns from smart capital allocation – analyst

By: Martin Creamer     15th June 2022 Environmental, social and governance (ESG) frameworks not only help businesses and the communities in which they operate but can also generate positive returns as mining companies reduce operating expenses and receive favourable investor interest and cheaper finance. When it comes to ESG, the... 

Picture supplied.
Nedbank mining equity analyst Arnold van Graan.
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