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Exploration News
Caracal announces new discovery of high-grade gold deposit in Kenya
By: Darren Parker 22nd March 2023 East African gold producer Caracal Gold has announced the discovery of a new high-grade zone above the current underground workings and above the areas drilled as part of the mineral resource estimate (MRE) on the Kilimapesa Hill deposit, in Kenya. This comes in addition to the more than... →
Mintek highlights its role in developing mineral processing technology
By: Donna Slater 20th March 2023 Mining analytical services company Mintek has highlighted its commitment to partner with the mining industry in developing and expanding new and existing technologies that can solve the industry’s mineral processing challenges. Along with more than 21 African countries and several mining... →
Proposed Trillium-Pacton merger to ‘change the map’ of the Red Lake district
By: Donna Slater 20th March 2023 Canadian explorer Trillium Gold Mines and Pacton Gold have a merger that will create a company that manages 15 projects, covering 1 260 km2 in the prolific Red Lake mining district of northern Ontario. The companies state that their combined property holdings will be bigger than major gold... →
Financing models, exploration, solar projects make headlines 
17th March 2023 Mining Weekly Editor Martin Creamer discusses Orion Minerals’ plan to build smaller but get base metals into production much sooner; Rifle-Shot’s Dilley Naidoo's belief that exploration investment is the key to get the country’s economy going; and Exxaro’s plans to build a 68 MW solar power plant... →
G2 Goldfields to raise C$12m in bought-deal offer
By: Creamer Media Reporter 17th March 2023 TSXV-listed G2 Goldfields has announced a C$12-million capital raising to advance exploration activities at its Oko project, in Guyana. The company has entered into an agreement with a syndicate of underwriters, led by Cormark Securities, to purchase on a "bought deal" basis 15-million common... →
New mineral maps released for Australia
By: Esmarie Iannucci 17th March 2023 The federal government this week announced the release of four new Mineral Potential Maps, which could facilitate exploration for minerals such as zinc and associated critical minerals including cobalt, gallium, and germanium for use in renewable technologies. This information, collected with... →
Can SA address deficiencies in securing global exploration spend?
By: Tasneem Bulbulia 17th March 2023 Although global exploration spend in mining is increasing, South Africa, despite boasting a plethora of mineral resources, is not capitalising on this, especially compared with similarly mineral-rich African countries. However, if constraints are addressed and certain avenues explored, the... →
Patriot to raise C$50m for critical minerals hunt in Canada
By: Esmarie Iannucci 16th March 2023 Triple listed Patriot Battery Metals Inc will raise some C$50-million to fund critical exploration at its Corvette property, in James Bay region of Quebec. The company on Thursday said it had received firm commitments via a strongly supported charity flow-through offer of some 2.21-million... →
Equatorial Resources makes $1.1bn claim against Congo
By: Esmarie Iannucci 16th March 2023 ASX-listed Equatorial Resources has launched a $1.1-billion compensation claim against the Republic of Congo, claiming that the government of that country had taken unlawful measures against the company. Equatorial previously referred its investment dispute with Congo to arbitration at the... →
Ora Banda strikes sales deal in WA
By: Esmarie Iannucci 16th March 2023 Junior Ora Banda Mining has struck a A$10-million agreement to divest of certain non-core Lady Ida tenements, in Western Australia. The company told shareholders that following the completion of the transaction, the purchasers would be granted rights to explore fore and mine gold and silver... →
Orion will now build smaller but get base metals into production far sooner
By: Martin Creamer 15th March 2023 What South Africa’s base metals mining aspirant Orion Minerals has been trying to do over the last two years is to drive a very typical historic project financing arrangement for junior mining. This very typical historic project financing model involves getting banks in for between 60% and 70% of... →
Ongoing Ewoyaa exploration adds significantly to mineral resource estimate
By: Donna Slater 15th March 2023 Exploration work at Aim- and ASX-listed Africa-focussed lithium explorer and developer Atlantic Lithium’s Ewoyaa lithium project, in Ghana, has added a significant volume to the project’s mineral resource estimate, upgrading it to 35.3-million tonnes at a grade of 1.25% lithium oxide. This... →
Millennial Potash to start drilling previously explored Gabon prospect
By: Donna Slater 15th March 2023 TSX-V-listed potash explorer Millennial Potash reports that all the drill holes at its previously explored Millennial Potash project in Gabon have intersected potash mineralisation, thereby leading the company to be optimistic about the project's potential. “It is a well-known potash basin,”... →
Infill drilling at Fortuna's Côte d'Ivoire project progresses
By: Creamer Media Reporter 14th March 2023 Canadian precious metals mining company Fortuna Silver Mines is progressing infill drilling at the Sunbird deposit, at its Séguéla gold project, in Côte d'Ivoire, with the aim to increase resource confidence. To date, 30 holes have been drilled in the first 4 560 m completed as part of a 9 500 m... →
Re-pursue exploration to help re-build South Africa’s economy, says business booster
By: Martin Creamer 13th March 2023 Let us re-pursue the exploration investment that catalysed South Africa’s economic growth more than a century ago as a means of helping to rebuild South Africa’s struggling economy. That is among the ardent messages put over by mining sector performance enhancer Dilley Naidoo, the the director of... →
Namibian High Court sets aside Mining Ministry’s decision not to renew Haib licence
By: Donna Slater 13th March 2023 The High Court of Namibia has rendered its judgment in a court case brought by copper explorer and developer Deep-South Resources to renew its license to explore the Haib copper project, consequently reviewing the case and setting aside the decision of the Ministry of Mines and Energy of Namibia... →
Electra Battery updates Iron Creek resource estimate
By: Creamer Media Reporter 13th March 2023 Critical minerals company Electra Battery has updated the mineral resource estimate (MRE) for its Iron Creek cobalt/copper project, in the Idaho Cobalt Belt, paving the way for additional exploration activities and development of a preliminary economic assessment. The project contains an... →
Freeport to earn into BC junior's copper/gold project
By: Mariaan Webb 13th March 2023 Vancouver-based junior ArcWest Exploration’s share price surged more than 50% on Friday, after the company announced an earn-in agreement with copper major Freeport-McMoRan to advance the Todd Creek copper/gold project in the Golden Triangle. The Todd Creek project adjoins Newcrest Mining’s... →
Biden to limit Arctic oil drilling ahead of Willow approval
By: Bloomberg 13th March 2023 President Joe Biden is limiting oil leasing in Arctic waters and sensitive areas of Alaska, taking steps to expand conservation as his administration prepares to approve a mammoth ConocoPhillips oil development in the region. Biden is expanding an Obama-era ban on new oil and gas leasing in US... →
Diatreme adds to Northern Silica resource
By: Esmarie Iannucci 13th March 2023 Emerging silica sands developer Diatreme Resources has reported an 89% increase in the mineral resource estimate for its Northern Silica project, in Far North Queensland. The project’s resource estimate has increased from the 124.1-milion tonnes estimated previously to 235-million tonnes,... →
Southern Palladium buoyed by positive exploration results
By: Donna Slater 10th March 2023 Positive results have emanated from exploration work at JSE- and ASX-listed platinum group metals (PGMs) project developer Southern Palladium’s Bengwenyama project, in South Africa’s Bushveld Complex, MD Johan Odendaal says. Having accessed the PGM-bearing Merensky Reef, assay results from... →
Encouraging results emerge from Rodruin metallurgical testwork
By: Donna Slater 10th March 2023 Exploration samples from TSX-V-listed gold explorer Aton Resources’ Egypt-based Rodruin advanced exploration project have returned “very encouraging” results, reports interim CEO Tonno Vahk. These metallurgical testwork results from the Rodruin oxides follow an initial scoping level testwork... →
Canada's Novo consolidates Victorian landholding
By: Esmarie Iannucci 10th March 2023 TSX-listed Novo Resources has struck a deal with ASX-listed GBM Resources and fellow listed Kalamazoo Resources over their respective joint ventures in Victoria. ASX-listed junior GBM Resources has inked a sale and purchase agreement with Novo Resources for the remaining 50% interest in the... →
Aurumin raises exploration funds
By: Esmarie Iannucci 9th March 2023 Junior explorer Aurumin will raise A$4.7-million through a share placement and entitlement offer to fund exploration in Western Australia. The ASX-listed company on Thursday announced that it would raise some A$760-million through the placement of 19-million shares, at a price of 4c each to... →
BC exploration spending hits ten-year record
By: Mariaan Webb 8th March 2023 Exploration spending in British Columbia reached C$740-million, surpassing the previous ten-year high of C$681-million seen in 2012, with copper being the driving force behind the record-setting year. Conversely, the number of projects and total metres drilled decreased by 24% and 20%,... →
Zambian Minister votes against Argonaut
By: Esmarie Iannucci 8th March 2023 The Zambian Minister of Mines and Mineral Development has refused ASX-listed Argonaut Resources’ appeal against the grant of a new licence over the Lumwana West area, in North-Western province in Zambia. The Zambian High Court in February ordered Minister Paul Kabuswe to decide an appeal by... →
Mithril eyes merger with Canada's Newrange Gold
By: Esmarie Iannucci 7th March 2023 ASX-listed junior Mithril Resources has inked a non-binding term sheet with TSX-V listed Newrange Gold Corp over a potential merger to create an America’s focused exploration and development company. If it proceeds, the proposed merger would be classified as a reverse takeover of Newrange Gold,... →
Sayona raises major exploration funds
By: Esmarie Iannucci 7th March 2023 Lithium developer Sayona Mining will raise A$54.9-million in a share placement to advance its exploration efforts in Quebec. The miner on Tuesday announced that it had entered into a subscription agreement with PearTree Securities for the issuance of more than 174.4-million shares, at a price... →
Kavango mobilises specialists after unearthing significant gold mineralisation at Ditau
By: Donna Slater 6th March 2023 Botswana-focused base and precious metals explorer Kavango Resources has commissioned professor and former Department of Geology at Brandon University in Canada chairperson Dr Hamid Mumin to undertake a review of the mineral exploration potential of its Ditau project, as well as sent a senior... →
Poseidon progressing Black Swan restart with 20% of assays returned
By: Donna Slater 6th March 2023 ASX-listed Poseidon Nickel is progressing with its efforts to restart the Black Swan project with 20% of assays returned of a 11 000 m in-pit drill programme that aims to increase the mining inventory to extend the mine life and enhance start-up feed schedule. The company also notes that it has... →
Green Technology takes option on Ontario lithium project
By: Donna Slater 6th March 2023 Canada-focused multi-asset lithium business Green Technology Metals has signed a binding agreement for a C$500 000 option to purchase an 80% interest in the Junior Lake project from Landore Resources Canada. The project, currently fully-owned by Landore, comprises 591 staked mineral claims on 10... →
Testing of Lofdal rare earth elements deposit to start later this year
By: Darren Parker 3rd March 2023 Minerals development company Namibia Critical Metals has signed a letter of intent with testing, inspection and certification company SGS Canada to start pilot plant testing on a 5 t sample from the Lofdal heavy rare earth elements deposit, in Namibia, in the third quarter of this year. The... →
Miner soars past hurdles, aims to expand in 2023
By: Nadine Ramdass 3rd March 2023 The refurbished Bibiani mine along with the Chirano mine, located in the north-western region of Ghana, are ahead of their respective timelines and expect to extend their life-of-mine to more than ten years. Gold production, exploration and development company Asante Gold Corporation expects to... →
Kavango to start drilling for potential massive nickel sulphide zones soon
By: Marleny Arnoldi 2nd March 2023 London-listed Kavango Resources says three clusters of conductors at its Kalahari Suture Zone (KSZ) North project, in Botswana, are drill-ready and, if fruitful, can validate the entire KSZ North exploration programme. One of the conductors in particular, B1, is considered by nickel/copper... →
Constraints still preventing South Africa from attracting greater exploration spend 
By: Tasneem Bulbulia 2nd March 2023 South Africa’s exploration spend is waning, in stark contrast to the plethora of mineral resources it holds, and contradictory to the trend in other countries, especially some of the country’s similarly mineral-rich neighbours. This was noted by speakers during the ‘South Africa’s Mining Outlook... →
Denarius preparing Colombia project for startup later this year
By: Creamer Media Reporter 2nd March 2023 TSX-V-listed Denarius sees an opportunity to startup operations at the Zancudo project, which includes the former producing Independcia mine, later this year, chairperson and CEO Serafino Iacono said on Wednesday. The company plans to start up operations within the existing mine workings and... →
EV Nickel’s shares jump on maiden Ontario resource estimate
By: Creamer Media Reporter 2nd March 2023 TSX-V-listed EV Nickel’s (EVNi’s) stock surged this week after the company announced a maiden mineral resource estimate for the CarLang A Zone, part of its Shaw Done project, in Ontario. After acquiring the property in April last year, EVNi launched a 28-hole diamond drilling programme to... →
Sector called to give input in exploration acreage release
By: Esmarie Iannucci 1st March 2023 The Western Australian government has called on the resources sector to nominate areas to be considered as part of Western Australia's 2023 petroleum exploration acreage release. The Department of Mines, Industry Regulation and Safety will assess and consider submissions for this year's... →
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