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Exploration News

OU Moonrider to loan Aton Resources C$500 000

By: Donna Slater     28th January 2022 TSX-V-listed gold explorer and developer Aton Resources has entered into an additional bridge loan of C$500 000 with OU Moonrider – a significant shareholder of the company. The proceeds of the loan will be used by Aton for ongoing working capital expenses and continuing the drilling programme... 

Askari raises cash, buys into lithium

By: Esmarie Iannucci     28th January 2022 ASX-listed Askari Metals has announced a A$2.6-million capital raise and has announced the acquisition of the Barrow Creek lithium project, in the Northern Territory. The company on Friday announced that it has completed a share placement, priced at 35c a share, with a one-for-three free... 

Bluejay appoints Sondergaard to board

By: Creamer Media Reporter      27th January 2022 Exploration and development company Bluejay Mining has appointed Eric Sondergaard to its board as an executive director, with immediate effect. Sondergaard is COO of Bluejay and MD of 100%-owned subsidiary Disko Exploration, which holds base and precious metals licences in Greenland. The board... 

Emerald extends takeover time for Bullseye

By: Esmarie Iannucci     27th January 2022 ASX-listed Emerald Resources has extended its takeover offer for unlisted Bullseye Mining as it awaits consent from the Takeovers Panel. The Takeovers Panel in early January received an application from Hongkong Xinhe International Investment Company to halt the proposed bid, with Hongkong Xinhe... 

Artemis raises cash for UK listing

By: Esmarie Iannucci     27th January 2022 Junior Artemis Resources will raise A$9.5-million in a share placement to institutional and sophisticated investors to fund its dual listing on the Aim, in London. The company on Thursday said that it would place more than 133.33-million shares, at a price of 7.1c each. 

Newcrest withdraws from Cornerstone’s project in Ecuador

By: Creamer Media Reporter      26th January 2022 Australian gold major Newcrest has notified Canadian junior Cornerstone Capital Resources of its intention to withdraw from the option and farm-in agreement over the Caña Brava and Tioloma properties in Ecuador. The properties target epithermal gold/silver and porphyry gold/copper deposits. 

B2Gold to buy out Forsys’ shareholding in Razorback

By: Darren Parker     26th January 2022 Gold miner B2Gold will increase its shareholding in gold mining subsidiary Razorback Gold Mining to 100% by exercising a call option. Under the call option, it will buy gold and uranium miner Forsys Metals’ 51% shareholding in Razorback, which holds the Ondundu exclusive prospecting licence (EPL)... 

DMRE turns investment drive focus to North West  

By: Marleny Arnoldi     25th January 2022 The Department of Mineral Resources and Energy (DMRE), together with the provincial government of North West, are increasing efforts to garner investment into and effect transformation in the province’s mining sector. Speaking during a North West Mining and Energy Investment conference on... 

Mantashe: SA must oppose 'investment killing' foreign-funded lobby

By: News24Wire      25th January 2022 South Africa must oppose a foreign-funded anti-development agenda if it has any chance at growing its extractive industries for the benefit of the economy, Mineral Resources and Energy Minister Gwede Mantashe has said. Speaking at the North West provincial mining and energy investment conference... 

Mineral Resources and Energy Minister Gwede Mantashe
Mineral Resources and Energy Minister Gwede Mantashe

Akobo Minerals appoints head of ESG developments

By: Tasneem Bulbulia     25th January 2022 Scandinavian-based Akobo Minerals, which has gold exploration assets in Ethiopia, has appointed Dr Cathryn MacCallum as head of environmental, social and governance (ESG) to advance the company’s ESG programme. She will take up the post on February 1 as part of the company’s management team. 

New high-grade lode discovery at Kibali excites Barrick CEO

By: Darren Parker     24th January 2022 Gold miner Barrick Gold revealed at a media briefing in Kinshasha, in the Democratic Republic of Congo (DRC), on January 21, that underground drilling at the Kibali gold mine’s KCD orebody was defining a new high-grade lode above the base of the existing shaft infrastructure.  Barrick president... 

A photo of Kibali gold mine
Kibali gold mine in the DRC

China's Zijin Mining launches first lithium exploration project in DRC

By: Reuters     24th January 2022 China's Zijin Mining Group Co. Ltd said on Monday it had officially launched its first lithium exploration project through a joint venture with Democratic Republic of Congo- (DRC-) owned firm Cominiere. The joint venture, called Katamba Mining, has secured mining rights to two greenfield... 

Carnaby raises funds for exploration

By: Esmarie Iannucci     24th January 2022 ASX-listed Carnaby Resources will raise A$20-million in a non-underwritten placement to accelerate exploration at its Nil Desperandum and Lady Fanny discoveries at the Greater Duchess copper project, in Queensland. The company would place some 15.4-million shares, at a price of A$1.30 each,... 

Kavango identifies strong gravity anomaly in Botswana

By: Tasneem Bulbulia     21st January 2022 London-listed Kavango Resources has completed a ground gravity survey over the Great Red Spot (GRS), in Target Area B of the company's Kalahari Suture Zone (KSZ) project, in Botswana, which has identified a strong gravity anomaly that is coincident with the roughly 2 250 nanoTesla positive... 

Sam Molefi clinches promising contract for his impressive mining business  

By: Martin Creamer     21st January 2022 Modi Mining is a 100% black South African-owned company founded and owned by mining engineer and entrepreneur Samuel Molefi and entrepreneur Christina Motlapele Molefi. The company was established with the sole objective of rendering differentiated contract mining services and to be a supplier of... 

Picture supplied
Modi Mining MD Sam Molefi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

New board advances uranium project with renewed vigour

By: Darren Parker     20th January 2022 A newly appointed board of directors is advancing Australian mineral resources company Aura Energy’s Tiris uranium project, in Mauritania, with gusto. The new board was appointed in December, with members strategically chosen to focus on production. In a statement on January 20, chairperson Phil... 

Imperial surrenders Giant Copper claims in BC

By: Creamer Media Reporter      20th January 2022 ancouver-based explorer Imperial Metals has reached an agreement with British Columbia to surrender the Giant Copper mineral claims, which are surrounded by two parks. The claims, which Imperial has held since April 1988, host two mineral deposits containing copper, silver and gold and a... 

Kairos raises cash for lithium and gold hunt

By: Esmarie Iannucci     20th January 2022 Junior Kairos Minerals has raised A$7.1-million through the exercise of options to fund gold and lithium exploration in Western Australia. The company on Thursday announced that it had exercised mor than 285.2-million options, at a price of 2.5c each. 

Tertiary raises £500 000 Nevada, Zambia exploration

By: Tasneem Bulbulia     19th January 2022 Aim-listed Tertiary Minerals has raised £500 000 before expenses through a placing of over 294-million new ordinary shares in the company. The placing was arranged through the company's joint broker Peterhouse. 

Centamin increases fourth-quarter underground, openpit production

By: Donna Slater     19th January 2022 Egypt-focused gold miner Centamin increased gold production at its Sukari mine by 58% year-on-year to 107 549 oz for the fourth quarter of 2021 as a result of mining higher-grade material from the openpit and underground operations. As for openpit mining, with a focus on the Stage 5 North and... 

An image of Centamin's Sukari openpit operation
Centamin's Sukari openpit operation

Solaris reports significant new copper discovery

By: Creamer Media Reporter      19th January 2022 Americas-focused explorer Solaris Resources on Tuesday announced a significant new discovery in maiden drilling of the Warintza South target at its Warintza project, in Ecuador. 

Kavango resumes drilling at Botswana project after December break

By: Donna Slater     17th January 2022 London-listed explorer Kavango Resources has recommenced with drilling of the KSZDD002 hole at its Kalahrai Suture Zone project in Botswana, following a pause over the December holidays whereby the hole was sealed off at 350 m. On January 14, Mindea Exploration and Drilling mobilised the rig and... 

Power Metal renews Botswana prospecting licences

By: Schalk Burger     13th January 2022 London-listed exploration company Power Metal Resources has renewed key prospecting licences at the Molopo Farms Complex project, in southwestern Botswana, for two years. Renewal documentation has been received in respect of prospecting licence 310/2016 and prospecting licence 311/2016, with the... 

Two Tati project prospecting licences transferred into Power Metal’s Tati Greenstone Resources

By: Donna Slater     13th January 2022 LSE-listed mineral explorer Power Metal Resources reports that two prospecting licences (PLs) for its 100%-owned Tati project have now been successfully transferred into Tati Greenstone Resources (TGR) – a wholly-owned private Botswana-based subsidiary of Power Metal. On July 28, 2021, Power... 

American Lithium gets nod for drilling at TLC

By: Creamer Media Reporter      11th January 2022 The Bureau of Land Management (BLM) and the Nevada Division of Environmental Protection (NDEP) have approved the plan of operations (PO) and reclamation plan for the next phases of development and exploration work at American Lithium’s Tonopah Lithium Claims (TLC) projects. The PO authorises the... 

Eastinco pleased with initial results of Rwanda geochemical soil sampling programme

By: Tasneem Bulbulia     11th January 2022 Exploration works at investment company Eastinco Mining and Exploration’s joint venture (JV) project in southern Rwanda has, so far, confirmed the company’s expectation that the area could evolve into “an exciting exploration play” that will bolster its Rwanda-based asset portfolio and add value... 

FPX Nickel appoints new principal geologist

By: Creamer Media Reporter      11th January 2022 Explorer and developer FPX Nickel has appointed Erin Wilson as its principal geologist to lead the exploration activities of the company’s projects, including the preliminary economic assessment-stage Decar nickel district in central British Columbia. Wilson was formerly the chief mine geologist... 

Kefi gains momentum in Ethiopia, progresses with Saudi Arabia exploration

By: Donna Slater     10th January 2022 With an abatement in civil hostilities in Ethiopia, Aim-listed gold and copper explorer and developer Kefi Minerals met with Ethiopian Ministries of Mines and Finance in the fourth quarter of 2021, to help align expectations towards normal conditions for international project financing and the... 

Emerald facing challenges to Bullseye bid

By: Esmarie Iannucci     10th January 2022 The merger agreement between un-listed Bullseye Mining and fellow listed Emerald Resources has been called into question, with Hongkong Xinhe International Investment Company turning to the Australian Takeovers panel to halt the bid. Emerald Resources in December announced a takeover offer for... 

Harfang to acquire LaSalle shares

By: Tasneem Bulbulia     7th January 2022 TSX-V-listed Harfang Exploration and LaSalle Exploration have entered into a definitive arrangement agreement, dated January 5, pursuant to which Harfang will acquire all of the issued and outstanding shares of LaSalle. The transaction will be carried out by way of a plan of arrangement under the... 

Shree divests of Arunta interests

By: Esmarie Iannucci     7th January 2022 Junior Shree Minerals has struck a sale and purchase agreement with unlisted MetalsGrove Mining over its stake in the farm-in and joint venture (JV) agreement with Territory Lithium, in the Northern Territory. The JV, known as the Arunta JV, covers the Box Hole, Edwards Creek and Bruce gold... 

Ero Copper lifts MCSA, NX proven and probable mineral reserves

By: Donna Slater     6th January 2022 As a result of it having increased its mineral reserve and mineral resource estimates, TSX- and NYSE-listed Ero Copper Corporation reports that, at the same cut-off grades, the total proven and probable mineral reserves at its MCSA mining complex in Bahia State, Brazil, has increased by 13%. This... 

Osino acquires Namibia gold project from B2Gold for $15.2m

By: Schalk Burger     6th January 2022 TSX-listed gold exploration and development company Osino Resources has entered into an agreement to acquire the Ondundu gold exploration property, in Namibia, from TSX-listed  B2Gold for $15.2-million. The Ondundu gold project is located 250 km northwest of Windhoek. 

Red Rock acquires two projects in Burkina Faso

By: Tasneem Bulbulia     6th January 2022 Natural resource development company Red Rock Resources has acquired two prospective exploration projects in the prolific Boromo and Banfora greenstone belts of Burkina Faso. The assets are now held by Faso Greenstone Resources (FGR), a wholly owned subsidiary of Faso Minerals, which is wholly... 

Excellon assessing whether to continue mining in Mexico amid cost increases

By: Tasneem Bulbulia     6th January 2022 Dual-listed Excellon Resources is assessing the economic viability of continuing to mine at its Platosa silver mine, in Mexico, beyond the middle of this year, president and CEO Brendan Cahill said on January 5. In an update to shareholders, he said the company had made great progress at Platosa... 

Culpeo Minerals earns 66% stake in Las Petacas project

By: Donna Slater     6th January 2022 ASX-listed Culpeo Minerals has increased its interest in the Las Petacas copper project, in Chile, to 66%, following the satisfaction of certain conditions of an earn-in agreement. In June 2021, Culpeo paid over $50 000 and had to carry out research through induced polarisation survey and... 

Aton secures bridge loan for Rodruin drilling programme

By: Schalk Burger     6th January 2022 Gold and base metals miner Aton Resources has entered into an additional bridge loan with shareholder Moonrider and will use the proceeds for ongoing working capital expenses and resuming the drilling programme at Rodruin – an advanced exploration prospect in the south of the Abu Marawat... 

The Metals Company completes latest seafloor research campaign

By: Donna Slater     5th January 2022 Lower-impact seafloor polymetallic nodules battery metals explorer The Metals Company (TMC) reports that it has completed its latest offshore research campaign – Environmental Expedition 5E. TMC’s NORI-D nodule project is the first in the company’s project development pipeline. 

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