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Exploration News

Apollo raises A$6m for exploration

By: Esmarie Iannucci     23rd April 2019 ASX-listed Apollo Consolidated is hoping to raise A$6-million through a share placement to accelerate drilling at its Lake Rebecca gold project, in Western Australia. The junior on Tuesday said that it had agreed to place 30-million new fully paid ordinary shares, at a price of 20c each, to... 

Cornerstone and Newcrest in definitive Ecuador option agreement

By: Creamer Media Reporter      23rd April 2019 Australian major Newcrest has signed a binding option and farm-in agreement with exploration company Cornerstone Capital Resources over the Caña Brava and Tioloma properties in Ecuador, targeting epithermal gold/silver and porphyry gold/copper deposits. The agreement replaces the heads of... 

Canadian miner finds new high-grade zinc and gold deposit

19th April 2019 Canadian mining company Hudbay Minerals has announced the discovery of 35.6 m of high-grade mineralisation including both zinc-rich massive sulphides and gold. The deposit is located between the old Chisel North mine and the producing Lalor mine in Manitoba, Canada, at a down hole depth between... 

Canadian miner finds  new high-grade zinc  and gold deposit
ALAN HAIR These zinc-rich and gold-rich intersections highlight the ever prospective nature of the Flin Flon greenstone belt and demonstrate the value of our Manitoba assets

China’s scrap regulations important factor in copper market

By: Cameron Mackay     19th April 2019 New legislation and regulations by the Chinese government for the import of scrap materials could be a significant factor in the copper market this year, suggests international metals and minerals consultancy Roskill associate consultant Jonathan Barnes. China announced plans in April last year... 

China’s scrap regulations important factor  in copper market
Photo by Bloomberg
RESTRICTED REGULATIONS As a result of regulations and a trade war, China will need to replace copper scrap units with imports of more refined copper

Africa will struggle to keep up with lead-producing countries, says Fitch

By: Cameron Mackay     19th April 2019 Africa will struggle to keep up with major lead-producing countries, such as China and Australia, owing to a lack of new projects in the pipeline, says credit and macro intelligence solutions provider Fitch Group commodities industry expert Diego Oliva-Velez. There are currently only four new... 

Africa will struggle to keep up with lead-producing countries, says Fitch
Photo by Bloomberg
ENVIRONMENTAL RESTRICTIONS As a highly polluting and toxic metal, global lead production will remain under pressure over the coming years

Construction at Turquoise Ridge mine progresses

19th April 2019 Construction of a third shaft at mining company Barrick Gold’s underground mine Turquoise Ridge in Nevada, in the US, continues to advance according to schedule and within budget, the miner noted in its financial report, released in February. Efforts for this year will focus on shaft sinking and... 

Construction at Turquoise Ridge  mine progresses
PIPELINE POTENTIAL Barrick Gold continues to advance a pipeline of high-confidence projects at or near its existing operations

Ivanplats to complete early-works construction at Platreef Shaft 2

By: Mc'Kyla Nortje     19th April 2019 Ivanplats, the South African subsidiary of Ivanhoe Mines, is expected to complete early-works construction at Shaft 2 of the Platreef palladium/platinum/nickel/copper/gold/rhodium project, near Mokopane, in Limpopo, South Africa, in the second quarter, says Ivanplats VP and project director... 

Ivanplats to complete early-works construction at Platreef Shaft 2
SHAFT 2 Aerial view of the Shaft 2 box cut early works with the concrete hitch under construction

UMS Group follows alternative shaft sinking methodologies

By: Mc'Kyla Nortje     19th April 2019 Mining solutions provider Underground Mining Services (UMS) Group is focusing on an alternative shaft sinking methodology that emphasises safety and mechanisation. The UMS Group comprises Shaft Sinkers as well as Mining Engineering Technical Services (METS) aims to provide clients with the full... 

UMS Group follows  alternative shaft sinking methodologies
MACHINES With mechanisation shaft development is performed by machines with little or no need for humans to interface with those machines

Russian, Angolan diamond groups sign MoU

By: Rebecca Campbell     19th April 2019 Russia’s predominantly State-owned global diamond mining major Alrosa and Angola’s State-owned national diamond mining company Endiama signed a Memorandum of Understanding (MoU) early this month. This marks the latest stage in the development of the relationship between the two entities, which... 

Orion reawakening geological giant in Northern Cape  

By: Martin Creamer     18th April 2019 Three years ago, Orion Minerals was trading at an eighth of an Australian cent a share. It had a market capitalisation of $4-milllion and set out to find something that could be turned into a mine. The good news is that the company found that opportunity in South Africa, and its share price has... 

Orion reawakening geological giant in Northern Cape
Mining Weekly Online’s Martin Creamer interviewing Orion Minerals CEO Errol Smart. Video: Nicholas Boyd. Photographs: Dylan Slater.

Eager black investors fund premium-priced opportunity in zinc, copper 

By: Martin Creamer     17th April 2019 Black investors have self-funded the purchase of shares at a premium price in the fast-tracked redevelopment of the Prieska zinc and copper mine in the Northern Cape, which has a three-year payback and a minimum mine life of ten years. The $8-million equity capital raising by Orion Minerals,... 

Eager black investors fund premium-priced opportunity in zinc, copper
Photo by Creamer Media Chief Photographer Dylan Slater
Orion Minerals’ ‘meet-the-media’ attendees were from left: Jowell Tobias, Godfrey Gomwe, Billy Mawasha, Michelle Jenkins, Errol Smart, Nelson Mosiapoa, Tom Borman, Sharon Matthews and Roger Matthews.

Beowulf raises another £500 000

By: Creamer Media Reporter      16th April 2019 Nordic-focused mineral exploration and development company Beowulf Mining has announced that it will raise £500 000 by issuing shares at 5.75p each. The funds are for general working capital purposes and for supporting its commitment to Vardar Minerals’ Kosovan exploration programme, the company... 

Orion clinches potent new-style empowerment deal  

By: Martin Creamer     16th April 2019 Sydney- and Johannesburg-listed exploration and mining development company Orion Minerals has found a formula to achieve empowerment that puts all shareholders at full participation and contribution. “What we’ve arrived at is a fantastic win-win scenario,” an overjoyed Orion CEO Errol Smart told... 

Orion clinches potent new-style empowerment deal
Orion Minerals CEO Errol Smart (left) interviewed by Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Dylan Slater.

Mt Thirsty North gets maiden resource

By: Esmarie Iannucci     12th April 2019 Junior Barra Resources has reported a maiden inferred Joint Ore Reserves Committee compliant mineral resource of 1.5-million tonnes, grading 0.092% cobalt and 0.55$ nickel at its Mt Thirsty North deposit, in Western Australia. The maiden resource estimate for the Mt Thirsty North deposit is in... 

Mineral-rich West Africa shows much potential

By: Mamaili Mamaila     12th April 2019 The cheerful mood among operators at the 2019 Investing in African Mining Indaba, coupled with some proactive and innovative governments competing for attention, suggests that the West African mining sector’s vast potential may increasingly be realised through the successful development of new... 

Mineral-rich West Africa shows much potential
POTENTIAL PERFORMANCE The West African mining sector’s vast potential could be realised through successful proactive project development

AEM system to boost West African exploration

By: Mamaili Mamaila     12th April 2019 South African airborne geophysics technology provider Spectrem Air plans to reintroduce the application of its airborne electromagnetic (AEM) platform – the SPECTREMPLUS system – to the mineral and groundwater exploration industry in West Africa. This continually evolving platform entails being... 

AEM system to boost West African exploration
SIGHTS SET Spectrem Air is following new business leads in Ghana and Guinea

Exploration trends likely to improve significantly in West Africa

By: Mamaili Mamaila     12th April 2019 While mining progress in West Africa will vary from country to country, with one or two discrete discoveries, developments often set significant change into motion, says engineering consulting company SRK Consulting South Africa partner and principal consultant Andrew van Zyl. Recent studies have... 

Exploration trends likely to improve significantly in West Africa
ANDREW VAN ZYL Energy and power solutions in mining must also facilitate support from local communities

Explosives company expanding West African footprint

12th April 2019 South Africa-based explosives company BME continues to strengthen its presence in West Africa – which is poised to become one of the top five gold-producing regions in the world. BME – a division of the JSE-listed chemical manufacturing company Omnia Group – manufactures explosives at emulsion... 

Explosives company  expanding West  African footprint
GOING FOR GOLD BME manufactures explosives at emulsion plants across the region and supplies mining and quarrying operations in several countries

West African mining rising steadily

By: Mamaili Mamaila     12th April 2019 Mining activity in West Africa is increasing and this trend is likely to continue. New mines have been established in Mali over the past few years, as well as in countries, such as Liberia, which are not traditionally associated with mining, says engineering consulting company SRK Consulting... 

West African mining  rising steadily
JOHN KWOFIE West Africans are expressing their right to benefit from mining activities taking place in their own backyard

Demand for outsourced solutions rising in Africa

By: Jessica Oosthuizen     12th April 2019 Mineral discoveries in Africa have been on the increase in the past ten years and one of the major challenges for mines is finding expert solutions in countries that have developing mining ecosystems, says global boutique consultancy The Polyglot Group renewables and resources senior consultant... 

Demand for outsourced  solutions rising in Africa
JASON TODD In Africa, minimising risk is always high on the agenda

Stavely raises funds for exploration

By: Esmarie Iannucci     11th April 2019 Junior Stavely Minerals will raise A$4.2-million through a share placement to fast-track exploration at its portfolio of gold and porphyry copper/gold projects in Victoria, Tasmania and Queensland. The company will issue 12.3-million shares at a price of 26c to sophisticated and institutional... 

Rox joins Venus on Youanmi hunt

By: Esmarie Iannucci     10th April 2019 Junior Rox Resources has signed a binding term sheet with fellow listed Venus Metals to acquire a majority stake in the Youanmi gold mine, in Western Australia. Under the terms of the agreement, Rox would acquire an initial 50% stake in the joint venture by providing Venus A$2.8-million to... 

First Quantum exits Japan Gold option

By: Creamer Media Reporter      8th April 2019 Canadian junior Japan Gold reported on Friday that base metals miner First Quantum would not proceed with an agreement to earn into four of its exploration properties in Japan, following the completion of an initial surface evaluation on the lithocap projects. The four projects evaluated comprise... 

Blackham and Salt Lake team up at Lake Way

By: Esmarie Iannucci     8th April 2019 ASX-listed Blackham Resources and fellow-listed Salt Lake Potash have executed a binding split commodity and access agreement on the Lake Way project, in Western Australia. Salt Lake holds some 290 km2 of tenure on the Lake Way region, while Blackham owns the Matilda-Wiluna gold project, at the... 

Antipa raises A$5m for exploration

By: Esmarie Iannucci     5th April 2019 ASX-listed Antipa Minerals will raise A$5.1-million through a share placement to institutional and sophisticated investors to fund its exploration programme for 2019. The company on Friday said that it would issue some 268.8-million shares, priced at 1.9c each, representing a discount of 20.8%... 

Feasibility study in progress for uranium project

By: Jessica Oosthuizen     5th April 2019 A feasibility study is being carried out at Canadian uranium company GoviEx Uranium’s flagship Madaouela project, in Niger, and GoviEx CEO Daniel Major says construction could start at the end of the year. The study is being carried out by consulting engineering and science company SRK Consulting... 

Feasibility study in progress for uranium project
MADAOUELA PROJECT Construction and prestripping the mine will take two years, and the company expects to start commercial production in 2021

SA mines can now use drone technology for underground mapping

By: Halima Frost     5th April 2019 South African systems integrator Ramjack Technology Solutions has formed an alliance with Swedish aerial robotics company Inkonova to supply underground unmanned aerial vehicles (UAVs, or drones) and mapping technology to the South African mining industry for use underground. Inkonova supplies... 

SA mines can now use drone  technology for underground mapping
GAME OF DRONES Initially used during wars and for defense purposes drones are now being used in mining and industrial applications

Zimbabwe mine shaft nearing deepest point

5th April 2019 Despite the challenges of operating in Zimbabwe, exploration and development company Caledonia Mining‘s Blanket mine in Zimbabwe has delivered a “robust” performance, while the mine’s Central shaft has reached a depth of 1 150 m – only 54 m from the planned shaft bottom. “We made good progress on... 

Zimbabwe mine shaft nearing deepest point
CENTRE OF ATTENTION Caledonia Mining's Central shaft has reached a depth of 1 150 m underground

Kidman looking to sell its metal rights in WA

By: Esmarie Iannucci     2nd April 2019 ASX-listed Kidman Resources is looking for buyers for the gold and base metals rights at its Mt Holland project, in Western Australia. The company earlier this year launched a strategic review of the gold and base metal rights at the Mt Holland project, which determined that Kidman could... 

Bluebird in binding deal to buy Australian lithium exploration assets

By: Creamer Media Reporter      1st April 2019 TSX-V-listed BlueBird Battery Metals has announced that it will buy a private Australian company that holds title to several tenements in the Eastern Goldfields region of Western Australia. Buying Southern Lithium in an all-share deal gives Bluebird a foothold in the Yilgarn lithium province,... 

Beowulf raises £750 000, ups investment in Kosovo explorer

By: Tasneem Bulbulia     1st April 2019 Nordic-focused mineral exploration and development company Beowulf Mining has £750 000 before expenses, part of which the Aim-listed junior will use for a further investment in a Kosovo-focused private explorer. Beowulf will exercise the option to increase its stake in Vardar Minerals from 14.1%... 

Polymetal teams up with a junior to explore in Russia

By: Tasneem Bulbulia     1st April 2019 Global gold and silver producer Polymetal on Monday announced its first strategic partnership with a junior for early-stage exploration in the Taimyr Peninsula, Russia. Polymetal will hold 70% in the Taimyr Joint Venture by way of an initial cash investment of $1.9-million towards an agreed field... 

Navarre raises A$6m for Victorian exploration

By: Esmarie Iannucci     1st April 2019 ASX-listed Navarre Minerals will raise A$6-million through a share placement to fund exploration programmes at its Victorian gold projects. The junior company on Monday said that it would place some 80-million fully paid shares, at a price of 7.5c each, to qualified institutional and... 

South32 to spend $9m on Peruvian base metals

By: Esmarie Iannucci     1st April 2019 Diversified miner South32 has struck an earn-in agreement with ASX-listed junior Inca Minerals over its Riqueza copper/zinc, in Peru, finalising a deal more than a year in the making. South32 could earn an initial 60% interest in the Riqueza project by spending $9-million on exploration over a... 

Woomera Prohibited Area remains open for exploration – Canavan

By: Esmarie Iannucci     1st April 2019 The federal government has reinforced that the Woomera Prohibited Area (WPA), in South Australia, would remain open for mineral exploration and development activities. Resources Minister Matt Canavan noted on Monday that while defence requirements would continue to take precedence in the WPA,... 

Under Mantashe, SA mining’s narrative changes from ‘completely negative’ to ‘something approaching positive’

By: Natasha Odendaal     29th March 2019 Stability, policy and regulatory certainty and rebuilding trust have been key themes in Mineral Resources Minister Gwede Mantashe’s first year in office. Taking the reins on February 27, 2018, of a government department overseeing one of the most difficult and fragmented industries in South... 

Under Mantashe, SA mining’s narrative changes from ‘completely negative’ to ‘something approaching positive’

Iamgold makes new discovery at Côté

By: Mariaan Webb     27th March 2019 Canadian gold miner Iamgold has made a new gold discovery at the Côté joint venture (JV) project, north of Sudbury, Ontario. The latest drilling results confirm the discovery of a new zone of mineralization referred to as the Gosselin zone, located about 1.5 km northeast of the Côté gold deposit. 

Rio starts Citadel investment

By: Esmarie Iannucci     27th March 2019 Diversified miner Rio Tinto is expected to spend some A$3.4-million on the Citadel joint venture (JV) project, in Western Australia, during 2019. Under the terms of a JV agreement with project owner Antipa Minerals, Rio could fund up to A$60-million in exploration expenditure to earn a 75%... 

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