R/€ = 20.12 Change: -0.13
R/$ = 18.46 Change: -0.22
Au 1606.43 $/oz Change: 9.73
Pt 730.54 $/oz Change: 9.10

Exploration News

NTM raises A$3.6m

By: Esmarie Iannucci     Updated 5 hours ago Junior gold explorer NTM Gold has raised A$3.6-million after 71.9-million options were exercised at a price of 5c each. The ASX-listed company on Thursday noted that major shareholders Empire Resources and DGO Gold had both exercised their respective 25-million and 20-million options. 

De Grey adds to Mallina resource

By: Esmarie Iannucci     Updated 7 hours ago Junior De Grey Mining has reported a 29% increase in the contained gold ounces at Mallina gold project, in Western Australia, following drilling at the project. The project is now estimated to host a total mineral resource of 37.44-million tonnes, grading 1.8 g/t gold for 2.2-million ounces of... 

Power Metal Resources delays results to glean full impact of Covid-19

By: Tasneem Bulbulia     31st March 2020 Aim-listed Power Metal Resources (POW) will delay the publication of its audited financial results for the year ended September 30, 2019. At the request of the company’s auditors BDO and to reflect the time needed to implement newly introduced auditor protocols designed to ensure the impact of... 

AVZ Minerals’ DRC project delivers positive tin, tantalum test results

By: Donna Slater     30th March 2020 ASX-listed mining exploration company AVZ Minerals has reported positive flotation test results of tin and tantalum recoveries at its Manono lithium and tin project in the Democratic Republic of Congo (DRC), with a total tin recovery of 63% with a grade of 64.1%,. AVZ has concentrated its... 

Saturn raises exploration funds

By: Esmarie Iannucci     30th March 2020 Junior Saturn Metals will raise nearly A$3-million in share placement to fund exploration and resource definition at its Apollo Hill gold project, in Western Australia. The placement will consist of 10.98-million new shares, priced at 27c each, and will be placed under Saturn’s existing... 

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

WA moves to lighten explorer loads

By: Esmarie Iannucci     27th March 2020 The Western Australian government is offering expenditure relief for explorers in Western Australia amid the Covid-19 outbreak. The government is providing guidance to clarify the criteria that can be applied in granting exemption from exploration expenditure requirements in Western Australia,... 

Orex and Pan American Silver form JV to develop Mexico project

By: Tasneem Bulbulia     27th March 2020 Canada-based junior exploration company Orex Minerals has entered into an agreement to form a joint venture (JV) with TSX-listed Pan American Silver, through its subsidiary Plata Panamericana (Pan American), to further explore and develop the Sandra project, formerly the Sandra-Escobar project,... 

Miner confident of new licence

By: Cameron Mackay     27th March 2020 Local coal miner Canyon Coal has applied for a new water use licence (WUL), in terms of the National Water Act, to develop its De Wittekrans coal project. De Wittekrans has an environmental authorisation, a mining right and a WUL. The reserve will be mined using opencast and underground mining... 

Miner confident of new licence
ACE IN THE COAL Product from the mine has been offered to Eskom through two separate tender processes

Coal remains vital to energy mix

By: Cameron Mackay     27th March 2020 Despite increased regulatory pressure regarding the environmental impacts of its mining, storage and use in power generation, coal is still essential to the local energy mix, says engineering consultancy WSP power generation consultant Wayne Lindecke. “We are not naïve to the negative... 

Coal remains  vital to energy mix
WAYNE LINDECKE As a country, we’re evolving and trying to get our energy mix right, so we are dependent on coal and will still be for a while

Coal faces funding troubles

By: Cameron Mackay     27th March 2020 While demand for coal is still rising, there has been a local trend towards financing more sustainable and ‘green’ projects. Through public and shareholder pressure and aligning with global trends, local financial institutions are also reconsidering their approach towards funding new coal... 

Coal faces  funding troubles
Photo by Creamer Media
THE COAL STORY Currently, about 77% of the country’s electricity is generated from coal

Emerging miner on the difficulties in accessing project capital

By: Mamaili Mamaila     27th March 2020 The mining sector is transforming as technology presents new industry opportunities, says emerging miner Lurco Group COO Aubrey Chauke. 

Emerging miner on the difficulties in accessing project capital
Photo by Bloomberg
MOVING AWAY South African financial institutions no longer have an appetite for coal projects

Nova eyes stake in Torian

By: Esmarie Iannucci     26th March 2020 ASX-listed Nova Minerals has made a cornerstone investment into fellow-listed Torian Resources that could result in the company holding 19.9% stake in Torian and becoming its largest shareholder. Nova on Thursday said that it would invest A$413 325 as a convertible note, with the note being... 

In-principle finance a step closer for Giyani’s K.Hill manganese project

By: Donna Slater     25th March 2020 Canadian junior exploration company Giyani Metals Corporation has received a letter of interest (LoI) confirming in-principle project finance support for its K.Hill manganese project in the Kanye basin, Botswana. The LoI was issued by Atradius Dutch State Business (Atradius), the official... 

Botswana Diamonds continues to develop its portfolio

By: Simone Liedtke     25th March 2020 Dual-listed Botswana Diamonds continues to develop its portfolio of eight exploration projects across three sub-Saharan countries – Botswana, South Africa and Zimbabwe. In South Africa, drilling on the Marsfontein ground-intersected kimberlite continues, where a significant bulk sample of the... 

Vanadium-carrying mineral confirmed at Sweden prospecting area

By: Donna Slater     23rd March 2020 European battery metals developer Eurobattery Minerals discovered a certain type of the mineral rutile as part of analysis carried out on thin section cuts from drill core samples from its prospecting site in Fetsjön, Västerbotten, in northern Sweden. The developer claims that scientists have... 

Aurania and others place Ecuador projects on hold

By: Mariaan Webb     20th March 2020 Canadian exploration company Aurania Resources has extracted its personnel from the field in Ecuador in response to the outbreak of Covid-19, which has already infected more than 150 people in that country and killed two. The Ecuador government has moved to limit the spread of coronavirus... 

Amec calls for breathing space for explorers

By: Esmarie Iannucci     20th March 2020 The Association of Mining and Exploration Companies (Amec) has called on the state and federal governments to implement a moratorium on tenement rentals and associated expenditure requirements for mineral exploration licenses. “The human impact of Covid-19 and the safety of those in our... 

Dramatic fall in mining, metals M&A activity in January

By: Rebecca Campbell     20th March 2020 January this year saw a very sharp fall in merger and acquisitions (M&A) deals in the metals and mining industry worldwide, London-based data analytics and consultancy group GlobalData has reported. The falls were both month-on-month and year-on-year.  

Necessity drives drill bit innovation

By: Darren Parker     20th March 2020 Drilling solutions provider Lesedi Drilling and Contract Mining, in collaboration with its subsidiary, drill bit supplier Thriftline, has developed a removable reaming shell for its diamond drill bits, which the company believes will significantly reduce drilling consumable expenses. The reaming... 

Necessity drives drill bit innovation
CORE VALUE Innovation is necessary for survival in the current sluggish economic environment

Company varies drill offering

By: Darren Parker     20th March 2020 Drilling equipment and consumables supplier Galison Drilling, part of original-equipment manufacturer (OEM) Galison Group, is pinning its 2020 growth strategy on the supply of consumables for the mechanised, or extension rod, drilling sector in South Africa. “We feel the time is right for... 

Company varies drill offering
JOHAN FOURIE The focus of Galison’s drilling operations have been moved to Rustenburg, in the North West province, to serve the platinum mines in the area

Geotechnical drilling improves safety at phosphate mine

By: Darren Parker     20th March 2020 Drilling company Geomech Africa, part of geotechnical services holding company GeoGroup, has completed its geotechnical investigation at phosphate product producer and distributor Foskor’s phosphate mining operation in Phalaborwa, Limpopo. The Foskor phosphate mine comprises the North and South... 

Geotechnical drilling improves safety at phosphate mine
DOING THE HOLE JOB The geotechnical investigations required the drilling of two holes in the North pit and five in the South pit at depths of between 300 m and 500 m

Autonomous drills improve safety for contract miner

By: Darren Parker     20th March 2020 JSE-listed Basil Read’s mining arm Basil Read Mining subsidiary Blasting and Excavating (B&E)has entered into a partnership with India- based original-equipment manufacturer (OEM) Revathi Equipment and other local partner Paramount Tracks to acquire several C650 autonomous drills. 

Autonomous drills improve safety for contract miner
NATHAN WILLIAMS The way forward is to embrace disruptive technologies in the mining industry

Several Canadian exploration projects ramp down to help 'flatten the curve'

By: Mariaan Webb     19th March 2020 Exploration activities at several Canadian project sites are winding down, as companies respond to the global coronavirus pandemic and do their part to help “flatten the curve” of the fast-spreading virus. With efforts to completely contain Covid-19, which has infected more than 200 000 people... 

Top-quality 64 ct lla diamond recovered at Lucapa’s Mothae mine

By: Simone Liedtke     18th March 2020 ASX-listed Lucapa Diamonds has recovered a top-quality 64 ct D-colour Type Ila diamond at the Mothae project, in Lesotho. The 64 ct diamond is the twelfth diamond larger than 50 ct recovered at the mine since commercial production started in January 2019. 

Menar progressing gold project in Kyrgyzstan  

By: Martin Creamer     17th March 2020 Private investment and management company Menar, which is planning to invest R7-billion in coal projects in South Africa, is also progressing a gold project in Kyrgyzstan. “We’re looking at a sizeable gold project,” said Menar MD Vuslat Bayoǧlu, who is hoping that the Kyrgyzstan project will... 

Menar progressing gold project in Kyrgyzstan
Menar MD Vuslat Bayoǧlu talks to Mining Weekly’s Martin Creamer about gold project in Kyrgyzstan. Video Editing: Nicholas Boyd. Photograph: Donna Slater. Video: Kutlwano Matlala.

Bryah cuts back on exploration and director costs

By: Esmarie Iannucci     16th March 2020 Junior Bryah Resources will suspend drilling operations in Western Australia and will cut director remuneration by 25% from April in an effort to conserve cash. Bryah on Monday told shareholders that exploration activity at the Bryah Basin project, which started last week, will be suspended... 

Battery Minerals to take full Gippsland project

By: Esmarie Iannucci     16th March 2020 Diversified junior Battery Minerals will acquire the remaining 33% interest in the Gippsland copper/gold project, in Victoria. The ASX-listed company earlier this month acquired an initial 67% interest in Gippsland Prospecting, which has the sole right to apply for a highly prospective... 

Alta halts drilling in Italy as Covid-19 rages

By: Esmarie Iannucci     13th March 2020 Alta Zinc has suspended drilling activities at its Gorno project, in Italy, as the Coronavirus continues to spread. The company said on Friday that while the areas around the Gorno project had not been directly affected by the COVID-19 virus and had fallen outside of the restrictive zones mapped... 

Syndicated enlarges landholding in WA

By: Esmarie Iannucci     13th March 2020 ASX-listed Syndicated Metals has struck a joint venture (JV) agreement with unlisted Crest Investments Group 3 to earn up to an 80% interest in tenements along strike of its own Edjudina gold project, in Western Australia. Under the terms of the JV agreement, Syndicated would pay Crest an... 

Novo buys Artemis’ licences, dissolves JV

By: Creamer Media Reporter      12th March 2020 Canadian explorer Novo Resources, which started a gold rush in Western Australia, has announced plans to consolidate its mineral property holdings in the Karratha region by buying licences from its joint venture (JV) partner, Artemis Resources. The company will be acquiring a 100% interest in... 

SilverCrest announces $75m bought-deal financing

By: Creamer Media Reporter      12th March 2020 Vancouver-headquartered SilverCrest on Wednesday announced a C$75-million bought-deal financing. The exploration company said it had entered into an agreement with a syndicate of underwriters, led by National Bank Financial, Eight Capital and Scotia Capital, pursuant to which the underwriters... 

Permit granted for Manas’ Eburnea gold project

By: Simone Liedtke     11th March 2020 ASX-listed Manas Resources local partner Eburnea Gold Resources (EGR), in Côte d’Ivoire, has been granted a new mineral permit. Manas holds an 80% in the permit area, which is subject to the sole funding exploration expenditure and meeting minimum yearly expenditure commitments. 

Red River adds to Liontown resource

By: Esmarie Iannucci     11th March 2020 Junior Red River Resources has reported a 125% increase in contained gold at its Liontown deposit, in Queensland. The Liontown's mineral resource is now estimated at 2.6-million tonnes, grading 0.7% copper, 1.6% lead, 5.1% zinc, 1.4 g/t gold and 30 g/t silver, representing a 36% increase in the... 

Newmont makes third cash payment to Orosur for Anza

By: Creamer Media Reporter      10th March 2020 South America-focused Orosur said on Monday it had received a cash payment of $500 000 from gold major Newmont in connection with maintaining its earn-in rights in the Anzá project in Colombia. The exploration agreement between the parties comprises a three-phase earn-in structure, allowing... 

South32 and AusQuest extend exploration agreement

By: Esmarie Iannucci     10th March 2020 Diversified miner South32 and ASX-listed AusQuest have extended their strategic alliance agreement (SAA) for a further two years, until the end of December 2021, to allow for the continued development of a pipeline of high-potential exploration opportunities. Under the SAA, projects secured by... 

SilverCrest expands high-grade silver/gold mineralisation at Las Chispas

By: Creamer Media Reporter      10th March 2020 Recently completed drilling at the Las Chispas project, in Sonara, Mexico, has doubled the size of the Babi Vista vein, Vancouver-headquartered SilverCrest Metals announced on Monday. The in-fill and expansion drill results for Babi Vista show higher-grade vein mineralisation to depth, including... 

Commodity refocus: BC exploration investment shifts to copper

By: Mariaan Webb     9th March 2020 Investment in gold and coal exploration in Canada’s British Columbia continued to decrease in 2019, as investors are shifting their focus to base metals, particularly copper. However, with C$127-million put towards gold exploration, the yellow precious metal continues to attract the largest... 

Commodity refocus: BC exploration investment shifts to copper
Photo by Galore Creek
The Galore Creek project, a venture between Teck Resources and Newmont Mining, is a large copper/gold deposit in British Columbia.
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