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Exploration News

Resolving tax, policy uncertainty could boost majors

By: Cameron Mackay     14th May 2021 If the Zambian government and the mining companies invested in the country can reach consensus on how mines should operate, how they should be taxed, and if they can apply this consistently, then mining majors, and the industry in general, will benefit significantly going forward, states mining... 

Agnico Eagle to sell Barsele project stake to JV partner

By: Mariaan Webb     13th May 2021 Canadian miner Agnico Eagle will sell its indirect 55% interest in the Barsele project, in Sweden, to junior explorer and developer Barsele Minerals, which will hold 100% of the asset. The companies, which announced the nonbinding letter of intent on Wednesday, said that Barsele would make a... 

Agnico Eagle to sell Barsele project stake to JV partner

Barksdale buys Arizona projects from Rio Tinto

By: Mariaan Webb     13th May 2021 Vancouver-headquartered Barksdale Resources on Wednesday announced that it would acquire two copper exploration projects in Santa Cruz, Arizona, from Kennecott Exploration and, in a separate transaction with Regal Resources, that it would consolidate a 100% interest in the nearby Sunnyside... 

Artemis raises A$10m for WA exploration

By: Esmarie Iannucci     12th May 2021 ASX-listed Artemis Resources has completed a A$10-million capital raise to fund exploration work at its Carlow Castle and Paterson Central gold/copper projects, in Western Australia. The company will issue 100-million shares, priced at 10c each to institutional and sophisticated investors under... 

Miners welcome resource funding, but petroleum levy questioned

By: Esmarie Iannucci     12th May 2021 The resources sector has welcomed measures by the federal government to boost resource investment and growth. During the 2021-22 Budget, the federal government announced a A$100-million investment to extend the Junior Minerals Exploration Incentive for a further four years, from July 2021, to... 

Miners welcome resource funding, but petroleum levy questioned

Colleagues pay tribute to Wits’ Fred Cawood as he prepares to retire  

By: Donna Slater     10th May 2021 After 22 years with the Wits School of Mining Engineering, Wits Mining Institute director Professor Fred Cawood is planning to retire at the end of May, starting what he calls his “second life” at the age of 60. He explains that the theory behind a “second life” is based on Japanese work ethics... 

Colleagues pay tribute to Wits’ Fred Cawood as he prepares to retire
Colleagues wish Wits Mining Institute director Professor Fred Cawood farewell as he retires after serving 22 years in mining education

Release by AngloGold of vast exploration information attracting interest 

By: Martin Creamer     10th May 2021 The release by departing AngloGold Ashanti of its vast exploration information is attracting interest, AngloGold executive VP of group planning and technical Graham Ehm said on Monday. Contained online is an exploration database involving the historic Witwatersrand Gold Basin and other goldfields... 

Release by AngloGold of vast exploration information attracting interest
Photo by Creamer Media
AngloGold executive VP of group planning and technical Graham Ehm

Bibemi drilling analysis results delayed amid lab backlog

By: Tasneem Bulbulia     10th May 2021 Aim-listed Oriole Resources says it has been made aware of delays at the assaying laboratory in Côte d'Ivoire that have impacted turnaround times for the remaining results of the maiden diamond drilling programme at its 51%-owned Bibemi gold project, in Cameroon. The laboratory is reportedly... 

Gold Fields on track to deliver on guidance

By: Martin Creamer     6th May 2021 Notwithstanding the impact of Covid-19, gold mining company Gold Fields produced attributable equivalent gold production of 541 000oz, which was largely flat year-on-year and down 9% quarter-on-quarter. The Johannesburg- and New York-listed company stated on Thursday, when it provided an... 

Gold Fields on track to deliver on guidance
Photo by Creamer Media
Gold Fields CEO Chris Griffith

Resources Watch  

5th May 2021 This week: PGMs in all three drive trains if Lion Battery initiative is successful And, Mining policy should be hugely supportive of exploration’s multiplier magic  

Resources Watch
Resources Watch

Sunstone to sell stake in Finland lithium project

By: Donna Slater     5th May 2021 Australia-headquartered gold and copper miner Sunstone Metals has agreed to sell its 83.6% stake in its Finland-based lithium project to Canada-headquartered explorer and developer United Lithium for a total consideration of A$879 000 – inclusive of 490 000 shares. As such, Sunstone has signed a... 

Tanzania gets renewed hope to transform mining industry with Hassan administration – Leon

By: Donna Slater     5th May 2021 The “change of tone” brought by Tanzania’s new President Samia Suluhu Hassan over the past month could indicate a welcome new economic direction for the country, professional services firm Herbert Smith Freehills partner and Africa co-chairperson Peter Leon says.   In March, former Tanzania... 

Australia announces A$100m commitment to junior mining exploration

By: Mariaan Webb     5th May 2021 Australian Resources Minister Keith Pitt on Wednesday announced a A$100-million funding boost for exploration, extending the junior minerals exploration incentive (JMEI) for another four years in a move to attract new investors. The JMEI, which allows eligible companies to access tax incentives,... 

Australia announces A$100m commitment to junior mining exploration
Australian Resources Minister Keith Pitt

Drilling continues to bolster Kirkland Lake confidence in Detour Lake

By: Creamer Media Reporter      5th May 2021 Bullion miner Kirkland Lake Gold is continuing to have a great deal of success drilling at the Detour Lake mine, in Ontario, Canada, with the fifth batch of results from the recently announced 270 000 m exploration programme increasing its confidence in the asset. The drilling programme aims to... 

Drilling continues to bolster Kirkland Lake confidence in Detour Lake

Denison makes offer for OURD’s JCU Canada unit

By: Mariaan Webb     4th May 2021 Uranium mine developer Denison Mines has delivered a binding offer to Overseas Uranium Resources Development to buy its wholly-0wned subsidiary JCU (Canada) Exploration Company, only weeks after UEX Corp offered to buy the business. JCU holds a portfolio of uranium project joint venture (JV)... 

Denison makes offer for OURD’s JCU Canada unit
JCU has a 10% interest in the Wheeler River project.

European deep-sea mining robot recovered at bottom of Pacific

By: Bloomberg     3rd May 2021 A deep-sea mining robot reported lost at the bottom of the Pacific Ocean has been recovered and will continue to undergo testing in the cobalt-rich seabed. Global Sea Mineral Resources reported Wednesday that its Patania II device had malfunctioned, uncoupling from a five-kilometer-long cable... 

St George raises A$7m

By: Esmarie Iannucci     3rd May 2021 Explorer St George Mining has received firm commitments for a A$7-million capital raise to fund exploration at its flagship Mt Alexander nickel/copper/sulphide project, in the north-eastern Goldfields. The company said that it would place more than 85.3-million shares, at a price of 8.2c each... 

Antipa completes A$22m institutional placement

By: Esmarie Iannucci     29th April 2021 ASX-listed Antipa Minerals has raised an initial A$22-million through the completion of its institutional share placement. The company last week announced plans to raise A$25-million through the institutional share placement and a share purchase plan (SPP) to maintain its 35% interest in the... 

Mining policy should be hugely supportive of exploration’s multiplier magic – investor  

By: Martin Creamer     28th April 2021 Mining, preceded by exploration, is the greatest economic multiplier of all business activities, including government expenditure, says Integral Asset Management chief investment officer Bruce Williamson. It therefore makes huge sense for government to enact attractive investment-friendly... 

Mining policy should be hugely supportive of exploration’s multiplier magic – investor
Integral Asset Management CIO Bruce Williamson interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Northern Dynasty releases ESG for Pebble project

By: Tasneem Bulbulia     28th April 2021 TSX- and NYSE American-listed Northern Dynasty Minerals has completed an environmental, social and governance (ESG) report for its Pebble copper/gold/molybdenum/silver/rhenium project, in Alaska. The company notes that report addresses a range of progressive principles, practices and commitments... 

Northern Dynasty releases ESG for Pebble project

Rumble raises A$40m for exploration work

By: Esmarie Iannucci     28th April 2021 ASX-listed Rumble Resources will raise A$40-million through a share placement to fast track exploration at its Earaheedy zinc/lead discovery, in Western Australia. The company on Wednesday announced that it has received firm commitments from institutional and sophisticated investors for the... 

More funding going towards Tasmanian exploration

By: Esmarie Iannucci     28th April 2021 The federal government will invest A$3-million to expand the Tasmanian Exploring for the Future programme, to uncover resources in the region and to investigate its potential for critical minerals. “We want to invest in Tasmania’s resources potential to bring future wealth and jobs to the... 

Platina increases its stake in Canada's Major

By: Esmarie Iannucci     27th April 2021 ASX-listed Platina Resources has increased its stake in Canadian explorer Major Precious Metals after that company reported a significant increase to the mineral resource estimate of its Skaergaard project, in Greenland. Platina said on Tuesday that its 49-million share stake in Major has now... 

Sector cyclicality, swings and investment patterns negatively impacting junior miners, explorers – Bowmans

By: Donna Slater     23rd April 2021 The mining sector’s cyclicality, with dramatic swings in equity prices and investment patterns, has created a complex system that has impacted particularly junior and exploratory mining companies to secure financing at the levels required to meet their growth-driven financing requirements, states... 

Canada Nickel consolidates and expands land package

By: Creamer Media Reporter      23rd April 2021 TSX-V-listed Canada Nickel Company has entered a transaction to acquire the properties that it previously optioned from Noble Mineral Exploration, plus additional claims in northern Ontario. Under the terms of the transaction, the current option agreements with Noble Mineral Exploration will be... 

Hammer taps capital markets

By: Esmarie Iannucci     23rd April 2021 Junior Hammer Metals will raise A$5-million in a share placement to existing, as well as sophisticated and institutional investors. The company on Friday announced that it had received firm commitments for the placement of more than 52.6-million shares, at a price of 9.5c each, representing a... 

PGMs, exploration, ferrochrome make headlines  

23rd April 2021 Mining Weekly Editor Martin Creamer unpacks how Government can help boost economic growth by joining the promotion of platinum group metals, how South Africa’s exploration backlog could be cleared by the Department of Mineral Resources and Energy and the ferrochrome industry taking its first... 

PGMs, exploration, ferrochrome make headlines
PGMs, exploration, ferrochrome make headlines

Xanadu raises cash for Mongolian exploration

By: Esmarie Iannucci     23rd April 2021 Dual listed copper explorer Xanadu Mines will raise A$10.2-million in a share placement to fund exploration work at the Kharmagtai copper/gold project, in Mongolia. The ASX- and TSX-listed company has received firm commitments for the placement of 163.8-million shares, at a price of 6.2c each to... 

Kirkland Lake partners with Orefinders and Mistango

By: Mariaan Webb     22nd April 2021 Precious metals major Kirkland Lake is making an equity investment Orefinders and Mistango River Resources, with the miner agreeing to acquire a 9.9% stake in each of the two gold juniors. Additionally, Kirkland Lake is entering into a $60-million option and joint venture agreement with each of... 

Rio Tinto explores for copper in Solwezi 

By: Creamer Media Reporter      21st April 2021 Diversified major Rio Tinto has started its initial 2021 exploration campaign on Midnight Sun Mining’s Solwezi licences, in Zambia, the TSX-V-listed junior reported this week. Rio Tinto is in Stage 1 of a $51-million earn-in and joint venture agreement in terms of which Rio Tinto can earn up to... 

Paramount acquires claims south of historic Sleeper Gold mine

By: Creamer Media Reporter      21st April 2021 NYSE American-listed Paramount Gold Nevada has bought 152 unpatented lode claims, about 3.2 km south of its former high-grade producing Sleeper gold mine, increasing its total land position to more than 16 100 ha in the prolific Sleeper district. The claims were formerly owned by several Nevada... 

A$2.5m available under Qld's new round of CEI

By: Esmarie Iannucci     21st April 2021 The Queensland government has launched its fifth consecutive round of funding to support mineral explorers in the region, putting A$2.5-million up for grabs. Minister for Resources Scott Stewart said the latest round of the Collaborative Exploration Initiative (CEI) provided a golden opportunity... 

Antipa sets A$25m raising target

By: Esmarie Iannucci     21st April 2021 ASX-listed Antipa Minerals will raise up to A$25-million through an institutional share placement and share purchase plan (SPP) to maintain its 35% interest in the Citadel joint venture (JV) with major Rio Tinto. The company on Wednesday reported that it has received binding commitments to raise... 

IronRidge finds multiple positive drill intersections at Ghana lithium project

By: Simone Liedtke     20th April 2021 Africa-focused minerals explorer IronRidge Resources has found additional high-grade lithium pegmatite drill intersections, including multiple drill intersections over 2% lithium oxide, at new targets adjacent to the Ewoyaa lithium project (ELP), in Ghana. The company has a defined Joint Ore... 

Kavango enters into strategic partnership with Spectral Geophysics

By: Tasneem Bulbulia     20th April 2021 London-listed Kavango Resources has entered into a strategic partnership with Spectral Geophysics – a Southern African company that makes use of ground-based remote sensing technologies to identify high-speed electromagnetic (EM) conductors at depth. Spectral has specialist knowledge and... 

AIDEA approves $13m budget for Ambler access project

By: Creamer Media Reporter      20th April 2021 The Alaska Industrial Development and Export Authority (AIDEA) has approved a $13-million plan and budget for the 2021 summer field season activities for the Ambler access project, a critical link in the development of one of the largest copper/zinc belts in the world. The cost will be shared... 

Shanta reports higher resource at Luika underground deposit

By: Tasneem Bulbulia     19th April 2021 The indicated resource at the Luika underground deposit at Aim-listed Shanta Gold’s New Luika gold mine (NLGM), in South Western Tanzania, increased by 76 461 oz, grading 7.97 g/t gold. The total Joint Ore Reserves Committee-compliant resources at the Luika deposit increased by 23% to 425 341 oz... 

Arctic Star strikes new kimberlite

By: Creamer Media Reporter      19th April 2021 Exploration company Arctic Star has announced a new discovery on the Diagras joint venture project, which is next to the Diavik and Ekati diamond mines, in Northwest Territory. Named the Birch kimberlite, it was discovered by targeting an electromagnetic and gravity anomaly. 

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