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Exploration News

Uranium industry awaits price increase

By: Mc'Kyla Nortje     19th February 2021 Despite the prolonged period of low uranium prices, wrought by the Fukushima tsunami and the subsequent oversupply caused by the shutdowns of nuclear power plants, the Namibian uranium sector, unlike those in other countries, has not stagnated, states Namibian Uranium Institute executive director... 

Oriole completes desktop remote sensing study for Cameroon licences

By: Donna Slater     18th February 2021 West Africa-focused explorer Oriole Resources has, through its 90%-owned subsidiary Oriole Cameroon, completed an independent desktop remote sensing study for its district-scale licence package in central Cameroon. The study was completed over the entire 3 592 km2 licence package, which is... 

Altus, Marvel extend mineralisation at the Tabakorole project

By: Marleny Arnoldi     18th February 2021 Aim-listed Altus Strategies says reverse circulation (RC) at its Tabakorole gold project, in Mali, has extended the strike length of the FT Prospect by at least 150 m to beyond 3 km. Altus holds a 49% equity interest in the project, as well as a 2.5% net smelter return royalty.  

Rio Tinto drills for copper in Saskatchewan

By: Creamer Media Reporter      18th February 2021 Mining company Rio Tinto Exploration Canada (RTEC) has started drilling on Forum Energy Metals’ Janice Lake copper/silver project, in Saskatchewan. Two drill rigs are initially testing the Rafuse target, a 2.8 km long priority target of surface copper mineralisation that was developed during... 

Egypt says deadline for latest mining bid round extended to May 15

By: Reuters     18th February 2021 Egypt has extended the deadline for participation in its latest bid round for mineral exploration to May 15, from March 15, the mineral resources authority said in a statement on Wednesday. The extension was due to the effects of the coronavirus pandemic and to give investors more time to come... 

Province inches into hydrogen

By: Esmarie Iannucci     17th February 2021 Junior explorer Province Resources has struck an agreement to potentially acquire seven exploration licenses in Western Australia that are prospective for salt, potash and mineral sands, and could be suitable for the development of a renewable green hydrogen project. Under the proposed... 

Jandar secures A$10m finance

By: Esmarie Iannucci     17th February 2021 ASX-listed Jadar Resources has executed a A$10-million finance facility with Mint Capital Advisors to fund exploration activities at its existing projects, particularly in Peru and Mexico. Jadar on Wednesday told shareholders that it had inked a standby placement agreement with Mint, that would... 

London listing on way as mining company strives to become green gold producer  

By: Martin Creamer     15th February 2021 A Kenyan gold asset with expansion, exploration and green status upside is scheduled to reverse list on the London Stock Exchange in March. The Kilimapesa gold mine, with a declared Joint Ore Reserves Committee resource of 670 000 oz, is an operating three-adit asset with fairly extensive... 

London listing on way as mining company strives to become green gold producer
Mayflower Capital executive Gerard Kisbey-Green interviewed by Mining Weekly ‘s Martin Creamer on the Kilimapesa gold-mining opportunity. Video: Darlene Creamer.

Minerals exploration to remain in decline without sound guiding authority – Miller 

By: Donna Slater     15th February 2021 Despite the Department of Mineral Resources and Energy (DMRE) not publishing any data on mineral exploration, mining supply sales consultancy AmaranthCX director and owner Paul Miller says there is extensive financial data, some containing information about minerals exploration, that is buried... 

Exploration presents huge upside potential if only South Africa can find the golden key

By: Martin Creamer     12th February 2021 South Africa is a mining nation but falls badly short when it comes to mineral exploration, despite the country being highly prospective. To reverse South Africa’s exploration inadequacy and turn its substantial mineral endowment to positive account, leading geologists are advocating a whole new... 

Exploration presents huge upside potential if only South Africa can find the golden key

Alluvial diamond miners outline way to save fast-shrinking industry  

By: Martin Creamer     11th February 2021 The number of alluvial diamond operators is decreasing at an alarming rate. In 2004, there were 2 000 small diamond-mining companies, which employed close to 25 000 people, and now there are only about 200 operators employing only 5 000 people – a 90% decline. 

Alluvial diamond miners outline way to save fast-shrinking industry
The South African Diamond Producers Organisation is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sprott invests in Goliath

By: Mariaan Webb     11th February 2021 TSX-V-listed Goliath Resources has announced a strategic investment by Eric Sprott of C$2-million, representing an 8.5% stake in the company. Crescat Capital will be participating in this offering to maintain its 9.9% interest. 

Cora identifies three new surface gold discoveries in Mali

By: Donna Slater     10th February 2021 West Africa-focused Cora Gold reports that a series of new surface gold discoveries have been identified from satellite imagery and surface prospecting programmes at the Sanankoro gold project, on the Yanfolila Gold Belt in southern Mali. The three new mineralised structures identified include a... 

New certification opens doors for Tirupati Graphite

By: Simone Liedtke     10th February 2021 Specialist graphite producer and graphene developer Tirupati Graphite’s group company Tirupati Speciality Graphite (TSG) has been accorded the Registration, Evaluation, Authorisation and Restriction of Chemicals (Reach) certification for its range of expandable graphite products for marketing and... 

Resources Watch  

10th February 2021 This week: Minerals Council says exploration needed to grow industry; President Cyril Ramaphosa says SA wants to promote greater exploration and beneficiation; and, Murray & Roberts Cementation achieves five-million fatality-free shifts 

Resources Watch
Resources Watch

Kin Mining hopes to raise A$15m

By: Esmarie Iannucci     10th February 2021 ASX-listed Kin Mining will raise up to A$15-million to fund exploration and resource growth at its Cardinia gold project, in Western Australia. The explorer on Wednesday reported that it would raise an initial A$12-million through the placement of 92.3-million shares, at a price of 13c each,... 

Explorers welcome guidelines in the NT

By: Esmarie Iannucci     10th February 2021 The Minerals Council of Australia (MCA) has welcomed the Northern Territory government’s releases of a code of conduct for mineral explorers in the region, saying it would help explorers and land managers work together for more jobs and greater prosperity for all Territorians. The code is... 

Great Western raises exploration funds

By: Esmarie Iannucci     10th February 2021 Junior Great Western Exploration will raise A$5-million through a share placement to professional and sophisticated investors to fund exploration work. The company has received binding commitments for the placement of 20-million new shares, at a price of 25c each, with the placement to be made... 

Giyani receives first assay results from drilling programme in Botswana

By: Simone Liedtke     9th February 2021 TSX-V-listed Giyani Metals has received the first set of assay results from the reverse circulation (RC) infill drilling programme, at its K.Hill manganese project, in Botswana. The company has also announced a new planned exploration programme and the appointment of an additional drilling... 

Altus expands into Egypt with award of four gold exploration licences

By: Simone Liedtke     9th February 2021 The Egyptian Mineral Resource Authority has granted Altus Strategies’ subsidiary Akh Gold four gold exploration licences, comprising nine licence blocks and totaling 1 565 km2, in the eastern desert of Egypt. The licences target potential historic workings as defined by in-house satellite data... 

Jadar buys Jervios tenements

By: Esmarie Iannucci     9th February 2021 ASX-listed Jandar Resources has signed a sales and purchase agreement with fellow-listed Jervois Mining to purchase the Khartoum tin/silver/tungsten project portfolio, in North Queensland. Under the terms of the agreement, Jadar would acquire the exploration tenement package in return for A$300... 

Monarch upgrades McKenzie Break resource estimates

By: Creamer Media Reporter      9th February 2021 Bullion miner Monarch Mining has reported a 44% increase in the indicated resource and a near 300% increase in the inferred category of its McKenzie Break project, in Quebec. McKenzie Break, near its Beacon mill, now has 145 982 oz of gold in the indicated category and 250 593 oz in the inferred... 

Miller laments lack of reported exploration data for South Africa

By: Tasneem Bulbulia     8th February 2021 Reform of South Africa's legislative and regulatory programme needs to be "far deeper" coupled with material improvements in administrative efficiency, if there is to be any improvement in the country's exploration performance, says mining supply sales consultancy AmaranthCX director Paul Miller.... 

Alto enlarges Sandstone holdings

By: Esmarie Iannucci     8th February 2021 Junior Alto Metals has reached an agreement with fellow-listed Gateway Mining to acquire an exploration license that is contiguous with its own Sandstone gold project tenements in Western Australia. Under the terms of the agreement, Alto will acquire full interest in exploration tenement... 

Kareevlei resource upgraded from inferred to indicated, net tonnes increase by 49%

By: Donna Slater     5th February 2021 An updated resource statement of Aim-listed diamond producer BlueRock Diamonds’ Kareevlei diamond mine has resulted in the increase of net tonnes by 49%, to 10.36-million tonnes. This also pushes up the mines net carats by 53%, to 516 200 ct, as well as its indicated resources by 19%.  

Silvercorp plans listing for newly acquired Mexico project

By: Mariaan Webb     5th February 2021 Canada’s Silvercorp has announced the acquisition of the La Yesca silver project, in Mexico, and says it plans to list its New Infini subsidiary as an independent public company. New Infini has acquired a 100% interest in Infini for $9.25-million in cash and a 45% interest in New Infini shares... 

Miner reports gold intercepts at flagship deposit

5th February 2021 Gold miner Loncor Resources last December announced that the second core hole of a 7 000 m drilling programme at its Adumbi deposit had intersected gold at its 84.6%-owned Imbo Project in the eastern part of the Ngayu greenstone belt, in the Democratic Republic of the Congo (DRC). The second core... 

Miner reports  gold intercepts  at flagship deposit
Photo by Shuttershock
STRIKING GOLD The gold mineralisation at Adumbi is associated with up to 130 m of interbedded banded ironstone, quartz carbonate and chlorite schist

Tin producer achieves record production

5th February 2021 Tin miner Alphamin Resources in January reported that its tin production at its high-grade operation in the Democratic Republic of the Congo increased by 13% to a quarterly record of 2 898 t. This exceeded the company’s market guidance of between 2 600 t and 2 800 t. The company also provided an... 

Tin producer achieves record production
EXCELLING SAFETY The Bisie tin mine recorded zero lost-time injuries in the last quarter

Mining code could cap cobalt growth for DRC

By: Cameron Mackay     5th February 2021 Demand for portable electronics, energy storage and electric vehicles will create significant demand for lithium-ion batteries, and the Democratic Republic of Congo (DRC) will be a critical supplier of raw materials used in these technologies, particularly cobalt, states international metals and... 

Mining code could cap  cobalt growth for DRC
Photo by Bloomberg
SECURING SUPPLY The DRC is the world’s largest producer of mined cobalt. Most intermediates produced in the country are exported owing to the lack of refining capacity

Gascoyne doubles exploration spend

By: Esmarie Iannucci     4th February 2021 Gold miner Gascoyne Resources on Thursday announced plans to double its exploration budget for 2021 from A$3-million to A$6.3-million following strong results. The miner told shareholders that it was planning some 70 000 of continuous drilling for its Western Australian assets, with aircore... 

Botswana intensifying effort to attract non-diamond exploration  

By: Martin Creamer     3rd February 2021 Botswana has intensified efforts to digitise and make geoscience information readily available to local and international potential investors in an effort to encourage prospecting for non-diamond minerals, Botswana President Mokgweetsi Masisi told the virtual 2021 Investing in African Mining... 

Botswana intensifying effort to attract non-diamond exploration
Photo by Creamer Media
Botswana president Mokgweetsi Masisi

Golden Rim raises exploration funds

By: Esmarie Iannucci     2nd February 2021 Junior Golden Rim Resources has raised A$5-million through a share placement to advance exploration at its Kada gold project, in Guinea, and its Kouri gold project, in Burkina Faso. The ASX-listed company on Tuesday announced that it would issue more than 555.55-million shares, at a price of... 

Apollo buys sliver of Lake Rebecca JV

By: Esmarie Iannucci     2nd February 2021 The joint venture (JV) between ASX-listed Bulletin Resources and fellow-listed Matsa Resources have sold a 400m wide strip of its Lake Rebecca gold project, in Western Australia, to junior Apollo Consolidated, for A$5.6-million. Apollo on Tuesday said that the strategic purchase around its own... 

Orion paving way for another exciting 'green' base metals hub in Northern Cape 

By: Martin Creamer     2nd February 2021 The copper strength of Orion Minerals is intensifying with Tuesday’s announcement of the company’s exclusive option to acquire the Okiep Copper Complex in South Africa’s Northern Cape for A$7.5-million. The Sydney- and Johannesburg-listed company, headed by Errol Smart, now has an opportunity to... 

Orion paving way for another exciting 'green' base metals hub in Northern Cape
Photo by Orion Minerals
The Okiep Copper Complex that Orion Minerals has an option to acquire.

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

‘We need exploration to grow our industry’ – Minerals Council
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Great Panther steps up exploration effort

By: Creamer Media Reporter      1st February 2021 Following a successful year for exploration in 2020, Toronto-listed Great Panther will significantly increase its exploration efforts in 2021, with plans to drill a record 90 000 m, representing a $13-million investment. President and CEO Rob Henderson says the company’s key objectives will be... 

Canada Silver Cobalt hits more high grades

By: Creamer Media Reporter      1st February 2021 TSX-V-listed Canada Silver Cobalt on Friday announced the discovery of high-grade silver at its flagship Castle property, near the town of Cobalt, in Ontario. Canada Silver said it received assays from hole CS-20-39 at 9 853 g/t silver, or 2 621 ounces a ton, over 0.3 m from 557.46 m to 55.76... 

Amec urges funding uptake

1st February 2021 The Association of Mining and Exploration Companies (Amec) has urged explorers to apply for Round 23 of the co-funded exploration drilling program which opened Monday. “The competitive Exploration Incentive Scheme (EIS) program is a significant government investment into mineral exploration... 

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