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Exploration News

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Thor raises exploration funds

By: Esmarie Iannucci     29th November 2022 Dual-listed Thor Mining will raise A$2.65-million in a share placement to fund uranium exploration activities in the US and to fund drilling at the Kelly’s and Krona gold, nickel and lithium projects in the Pilbara. The company on Tuesday announced plans to place more than 378.5-million shares,... 

Drilling extends Ity gold mine’s mineral resource by 17% to over 5Moz

By: Donna Slater     29th November 2022 An exploration programme at gold miner Endeavour Mining’s Ity gold mine, in Côte d’Ivoire, has resulted in the successful delineation of 750 000 oz of measured and indicated resources, lifting the mine’s resources to over five-million ounces at a grade of 1.62 g/t. Since the beginning of the... 

Australia’s platinum pioneer highlighting greenness, mulling smelterless tech  

By: Martin Creamer     29th November 2022 Australia’s platinum group metals (PGMs) pioneer, Podium Minerals, is evaluating the cleanest and greenest mining and processing options that include the possibility of circumventing the need for smelting. The Australian Stock Exchange-listed exploration and resources development company, which... 

Podium Minerals MD and CEO Sam Rodda.
Podium CEO Sam Rodda interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Critical Resources raises cash for Ontario exploration

By: Esmarie Iannucci     28th November 2022 ASX-listed Critical Resources will raise A$6.7-million under the flow-through shares provision under the Canadian tax law to advance drilling at the Mavis Lake project, in Ontario. The company has received firm commitments for the placement of more than 84.3-million shares, at a price of C$0.71,... 

AfriTin buoyed by exploration of Namibia licence ML133

By: Donna Slater     24th November 2022 Tin miner AfriTin Mining is progressing with exploration of mining licence ML133, located about 35 km south-east of the company’s Uis mine in Namibia, having found thus far 13 m of mineralisation grading at 1.93% lithium oxide, 0.10% tin and 36 parts per million (ppm) of tantalum in sample T78.... 

Thor inks farm-in in the NT

By: Esmarie Iannucci     24th November 2022 Triple-listed Thor Mining has struck an A$8-million farm-in agreement over its Molyhil polymetallic project, in the Northern Territory. The company on Thursday reported that it had signed a heads of agreement (HoA) with ASX-listed Investigator Resources to fund an accelerated exploration... 

Kingston adds to Mineral Hill resource

By: Esmarie Iannucci     24th November 2022 Junior Kingston Resources has announced a 114% increase in the mineral resource estimate at the Southern ore zone (SOZ) at its Mineral Hill gold/copper mine, in New South Wales. The resource estimate for the SOZ now stands at 3.8-million tonnes, a 1.29 g/t gold, 19.2 g/t silver, 0.9% copper,... 

Lekstrom resigns as Silver Hammer CEO; Warwick Smith steps in on interim basis

By: Creamer Media Reporter      24th November 2022 CSE-listed exploration and development company Silver Hammer Mining has announced the appointment of Warwick Smith – a long-time strategic adviser of the company – as its new interim president and CEO, effective immediately. To facilitate the appointment, Morgan Lekstrom has resigned with... 

Eagle Mountain raises cash for Arizona exploration

By: Esmarie Iannucci     23rd November 2022 ASX-listed Eagle Mountain Mining will raise up to A$6-million in a share placement to fund exploration work at Oracle Ridge copper project, in Arizona. The company has received firm commitments for the placement of some 30.3-million shares, at a price of 16.5c each, to raise an initial... 

Assore now holds just over 25% of Atlantic Lithium

By: Simone Liedtke     22nd November 2022 Aim-listed Atlantic Lithium on November 22 welcomed further investment by Assore International Holdings, which now has voting rights of 25.06% of the Africa-focussed lithium explorer and developer. Atlantic Lithium executive chairperson Neil Herbert welcomed the investment and said Assore was... 

AfriTin ‘encouraged’ by latest drill results

By: Simone Liedtke     22nd November 2022 Exploration drill results at Aim-listed AfriTin Mining’s flagship Uis mine, in Namibia, are in line with the company’s expectations for the V1/V2 pegmatite orebody, the African tech metals miner confirmed on Tuesday. In a release on November 22, AfriTin CEO Anthony Viljoen said the drill holes... 

Southern Cross Gold raises A$16m

By: Esmarie Iannucci     22nd November 2022 ASX-listed Southern Cross Gold will raise A$16-million in a share placement to institutional and sophisticated investors to fund drilling at its Sunday Creek operations, in Victoria. The junior explorer on Tuesday said it had received firm commitments for the placement of more than 27.5-million... 

URA announces 29Mct emerald mineral resource estimate at Gravelotte

By: Darren Parker     21st November 2022 Exploration company URA Holdings, which has assets in South Africa and Zambia, has announced an independent maiden Joint Ore Reserves Committee (Jorc) 2012 mineral resource estimate of 29-million carats of contained emerald at its 74%-owned Gravelotte emerald mine, in Limpopo.  The maiden Jorc... 

polished and cut emerald

Nova to raise A$30m for Alaska exploration

By: Esmarie Iannucci     21st November 2022 Junior Nova Minerals has secured some A$30-million in funding to fast-track drilling in Alaska. The ASX-listed company on Monday said it would raise an initial A$20-milion in a share placement priced at 70c a share. More than 26.4-million shares will be issued under the company’s existing... 

NSW invests in critical minerals exploration

By: Esmarie Iannucci     21st November 2022 The New South Wales government has announced A$8.6-million in funding to progress critical minerals exploration in the state. The funding, which forms part of the A$130-million Critical Minerals and High-Tech Metals Activation Fund, will be shared among 19 organisations. 

NSW invests in critical minerals exploration

US Republicans aim to shorten EV mine permitting after House win

By: Reuters     18th November 2022 Republicans will seek to boost American production of lithium, copper and other electric-vehicle metals after the US midterm elections gave them narrow control of the House of Representatives and the power to influence how regulators approve or deny mining projects. The party on Wednesday was... 

Republicans plan to investigate President Joe Biden's decisions to halt development of Antofagasta's Twin Metals copper project in Minnesota.
Republicans plan to investigate President Joe Biden's decisions to halt development of Antofagasta's Twin Metals copper project in Minnesota.

WA1 raises A$10m for rare earth hunt

By: Esmarie Iannucci     18th November 2022 Junior explorer WA1 Resources has received firm commitments to raise A$10-million through a share placement to advance niobium-rare earth element discoveries in Western Australia. Priced at A$2 a share, the company is expected to issue some five-million new shares under its existing placement... 

Kalkaroo strategic alliance gets under way

By: Esmarie Iannucci     18th November 2022 The strategic alliance between ASX-listed Havilah Resources and takeover target Oz Minerals has started, with exploration drilling at the Kalkaroo copper/gold/cobalt deposit, in South Australia. The exploration drilling program will initially focus on seven separate high priority copper... 

World unlikely to resolve copper deficit soon – CDAA

By: Tracy Hancock     18th November 2022 While the improved management of copper scrap recycling is crucial to supplement future mined supplies to address the world’s seemingly perpetual copper deficit, copper cable theft continues to be a hindrance locally, says local copper industry representative Copper Development Association Africa... 

CRIMINALLY CAPTIVATING 
The financially rewarding copper scrap export market continues to entice local copper cable theft
CRIMINALLY CAPTIVATING The financially rewarding copper scrap export market continues to entice local copper cable theft

Wyloo expands in Canada with nickel exploration property acquisition

By: Mariaan Webb     17th November 2022 Privately owned Australian firm Wyloo Metals, which earlier this year bought Noront Resources for its high-grade nickel deposits in the Ring of Fire district of Ontario, is expanding in Canada, with its eye on nickel and copper in the Grenville region of Quebec. Wyloo this week announced the... 

AfriTin’s vision is to fast-track lithium 

By: Martin Creamer     17th November 2022 The vision of Africa’s aspirant tech-metal champion AfriTin Mining is to fast-track lithium production as it expands its footprint in Namibia. The six months to the end of August has seen the London Aim-listed company focus on bringing lithium and tantalum byproducts into production. 

AfriTin CEO Anthony Viljoen.
AfriTin CEO Anthony Viljoen.

Troilus sells Quebec claims to lithium junior Sayona for C$50m

By: Mariaan Webb     16th November 2022 Toronto-listed Troilus Gold has sold a package of 1 824 claims, representing an area of 985 km2, to emerging lithium miner Sayona Mining for C$40-million in shares and a 2% net smelter returns royalty on all minerals from the transferred claims. Concurrently, Sayona has agreed to subscribe for... 

Troilus sells Quebec claims to lithium junior Sayona for C$50m

Atlantic Lithium founder posthumously honoured at London conference

By: Simone Liedtke     16th November 2022 Aim-listed lithium miner Atlantic Lithium founder and former CEO Vincent Mascolo has been posthumously shortlisted for the Mining CEO of the Year Award. Mascolo passed away unexpectedly in March this year. 

Southern Palladium reports robust assay results from Bengwenyama project

By: Darren Parker     16th November 2022 Assay results from platinum group metals (PGMs) developer Southern Palladium’s upper group two (UG2) reef on the Bengwenyama PGMs project, located on the eastern limb of the Bushveld Complex, have returned a weighted average four-element (4E) PGMs grade of 8.73 g/t in three of the holes, over an... 

Magmatic raises exploration funding

By: Esmarie Iannucci     16th November 2022 Gold and copper explorer Magmatic Resources is hoping to raise A$4-million through a share placement and share purchase plan (SPP) to fund exploration work in New South Wales. The junior has received binding commitments from institutional and professional investors for the placement of... 

Rafaella shares rise on Jorc estimate in Quebec

By: Esmarie Iannucci     16th November 2022 The share price of junior Rafaella Resources rose by 17.5% on Wednesday as the company reported a Joint Ore Reserves Committee complaint mineral resource estimate of 27.8-million tonnes, at 1.49% copper equivalent, at its Horden Lake deposit, in Quebec. Rafaella in September struck a deal to... 

Madison gets enviro go-ahead to begin drilling programme in Namibia

By: Darren Parker     14th November 2022 Uranium developer Madison Metals has been awarded an environmental clearance certificate (ECC) by the Namibian Ministry of Environment, Fisheries and Tourism for exclusive prospecting licences 8531 (EPL-8531) and 8115 (EPL-8115).   The issuance of the ECC is underpinned by the submitted and... 

Nouveau Monde appoints former Baffinland exec to board

By: Creamer Media Reporter      14th November 2022 Battery metals exploration and development company Nouveau Monde Graphite has announced the appointment of finance executive Stephanie Anderson to its board of directors. Anderson has a broad range of financial, technical, marketing, market development and Arctic bulk shipping experience, gained... 

Independents bullish on oil and gas outlook in Nigeria

By: Cameron Mackay     11th November 2022 The Petroleum Industry Act (PIA) – implemented in Nigeria last August – provides an ideal regulatory framework for the industry, as well as opportunities for smaller oil and gas companies, such as Nigerian oil and gas company Zigma, to become more involved in the industry, says Zigma founder and... 

Picture of Zigma MD & Founder Funmi Ogbue
FUNMI OGBUE There have been many discoveries in Africa, and Nigeria has not benefited significantly from these investments

Strategically located Congo has raw materials required to become leading fertiliser hub  

By: Martin Creamer     10th November 2022 Strategically located Republic of Congo, which is endowed with the key required raw materials, is poised to be a world leader in fertiliser production. This is the view of Stéphane Rigny, the executive chairperson of Kanga Potash, which has received its licence to mine and produce potash in the... 

Kanga Potash executive chairperson Stéphane Rigny.
Kanga Potash executive chairperson Stéphane Rigny interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Cannon urges shareholder acceptance of takeover offer

By: Esmarie Iannucci     10th November 2022 Junior Rox Resources on Thursday said that it would accept a takeover offer for its 10% shareholding in fellow-listed Cannon Resources from Canada-based equity firm Kinterra Battery Metals Mining Fund subsidiary Kedalion Nickel. Cannon on Thursday urged its shareholders to accept the 45c a share... 

Mining Indaba to welcome more delegates, new features in 2023

By: Sabrina Jardim     9th November 2022 Next year’s Investing in Africa Mining Indaba – to be held at the Cape Town International Convention Centre from February 6 to 9 – will operate at full capacity, as all Covid-19 restrictions have been lifted. During a media briefing on November 9, portfolio director for the Indaba Simon Ford said... 

Simon Ford
Photo by Creamer Media's Donna Slater
Simon Ford

American Eagle CEO: NAK drilling results exceed expectations

By: Mariaan Webb     8th November 2022 TSX-V-listed American Eagle Gold on Monday reported assay results from the first hole of its 2022 programme on its NAK copper-porphyry project, in British Columbia. The maiden drill hole returned 851.28 m of 0.33% copper-equivalent, including 126 m of 1.02% copper-equivalent from surface. NAK... 

Magna closes Lonmin Canada acquisition

By: Mariaan Webb     8th November 2022 Nickel and copper explorer Magna Mining has closed the acquisition of Lonmin Canada (Loncan), handing the company the Denison project in Sudbury, Ontario. Magna acquired Loncan for C$16-million, comprising a closing payment of C$13-million and a deferred payment of C$3-million, from Sibanye... 

Drilling campaign expands Sanankoro resource

By: Donna Slater     7th November 2022 West Africa-focused gold explorer and developer Cora Gold, undertaking drilling at an exploration target that is part of its Sanankoro gold project, in Mali, reports that the target has the potential to contain a gold resource of between 490 000 oz and 1.37-million ounces, grading at between 0.58... 

Shanta announces high-grade results at Kenyan gold project

By: Darren Parker     7th November 2022 Drilling results have confirmed high-grade results at Aim-listed Shanta Gold’s West Kenya project, in Kenya, CEO Eric Zurrin said, stating that visible gold can be identified across several of the intersections.  He expected Shanta to provide a resource update regarding the Isulu and Bushiangala... 

Tertiary enters into JV with Zambian company to exploit copper licence

By: Darren Parker     4th November 2022 London-listed mineral exploration and development company Tertiary Minerals has announced that its 96%-owned Zambian subsidiary Tertiary Minerals Zambia (TMZ) has executed a full joint venture (JV) and shareholders’ agreement with local Zambian company Mwashia Resources to govern their future... 

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