R/€ = 17.33 Change: 0.03
R/$ = 14.57 Change: 0.01
Au 1727.19 $/oz Change: -12.39
Pt 1173.50 $/oz Change: -14.50

Exploration News

Denison reports high-grade uranium discovery near Phoenix

By: Creamer Media Reporter      29th January 2021 Canadian firm Denison Mines has announced the discovery of high-grade uranium mineralisation, which could be a satellite deposit for its Phoenix in-situ recovery operation that is currently advancing through the environmental assessment process. The second last drill hole of the 2020 regional... 

Mithril raises exploration funds

By: Esmarie Iannucci     29th January 2021 Junior Mithril Resources will raise A$5-million through a share placement to sophisticated and professional investors to fund drilling work at its Mexican assets. The company on Friday announced that it would place more than 263.1-million shares at a price of 1.9c each to raise the capital, with... 

Lower attendance but further reach for Indaba

By: Darren Parker     29th January 2021 This year’s two-day Investing in African Mining Indaba virtual conference is expected to host about half of the usual attendance figures at the seven-day event, held in Cape Town in years prior. A spokesperson for event organiser Hyve tells Mining Weekly that about 3 000 delegates are expected to... 

Lower attendance  but further reach for Indaba
CYRIL RAMAPHOSA The South African President will one of the keynote speakers at the virtual event

Botswana copper development on track

By: Darren Parker     29th January 2021 Despite some Covid-19 setbacks, the development of the 3.65-million-tonnes-a-year Khoemacau copper/silver project, in north-west Botswana, is progressing well, Khoemacau Copper Mining CEO Johan Ferreira tells Mining Weekly. In the first quarter of 2020, fourteen months after the launch of the... 

Botswana copper development on track
JOHAN FERREIRA The impact of Covid-19 will lead to a modest delay in the completion of the refurbishment and upgrade of the Boseto processing plant

Hydrogen economy top of mind for Minerals Council

By: Darren Parker     29th January 2021 Mining industry body Minerals Council South Africa believes that the country’s hydrogen economy presents significant opportunities, specifically from an environmental, economic and investment, as well as a research and development, perspective. The Minerals Council hopes that this will be... 

Hydrogen economy top of mind for Minerals Council
Photo by Creamer Media
TEBELLO CHABANA The Minerals Council is engaged in a roadmap process, led by government and industry, to develop South Africa’s hydrogen economy

Wolfden raises C$2m from Altius and Kinross

By: Mariaan Webb     28th January 2021 Explorer and developer Wolfden Resources has raised C$2-million from Altius Minerals and Kinross Gold, which now hold about 12.6% and 11.4% of the issued and outstanding shares of the company. The proceeds of the C$0.32-a-share offering would be used to continue exploration at the Pickett... 

Wolfden raises C$2m from Altius and Kinross
Picket Mountain

Japan Gold expands Barrick alliance projects

By: Mariaan Webb     27th January 2021 The Japanese Ministry of Economy, Trade and Industry has accepted 18 new prospecting right applications covering extensions to projects in the alliance of exploration junior Japan Gold and senior bullion miner Barrick. The applications cover extensions to the Barrick Alliance Mizobe and... 

Power Metal to add to Ontario gold properties

By: Marleny Arnoldi     26th January 2021 Aim-listed Power Metal Resources has signed an option agreement to acquire a 100% interest in four separate gold exploration properties located in the prospective Hemlo and Schreiber area of Ontario, Canada. The four option properties are located within 100 km west or southwest of the company's... 

Aton appoints Egypt country manager

By: Creamer Media Reporter      26th January 2021 TSX-V-listed Aton Resources has announced the appointment of Dr Sherif Sousa as its new Egypt country manager. Sousa’s career in Egypt’s oil, gas and mining industries span more than 40 years. He was the first chairperson of the Egyptian Mineral Resources Authority and was instrumental in the... 

KORE spin-out Karus Gold comes to life

By: Mariaan Webb     26th January 2021 TSX-V-listed KORE mining has successfully spun out its Cariboo gold district exploration assets into Karus Gold, which will focus on the FG Gold and Gold Creek projects in British Columbia. KORE CEO and Karus director Scott Trebilcock said on Monday that the company was well positioned with a... 

KORE spin-out Karus Gold comes to life

Tulu Kapi financing on track; drilling commences at Hawiah

By: Donna Slater     25th January 2021 Aim-listed gold and copper explorer and developer Kefi Minerals reports that financing for its Ethiopia-based flagship Tulu Kapi gold project remains on track, with the project finance consortium expecting to achieve financial close in March. Production is expected to start in the fourth quarter... 

Altus subsidiary awarded Egyptian exploration licences

By: Simone Liedtke     25th January 2021   The Egyptian Mineral Resource Authority (EMRA) has confirmed that Aim- and TSX-V-listed Altus Strategies’ wholly-owned subsidiary Akh Gold will be awarded a number of gold exploration licences in Egypt. 

Eastplats raises C$11.7m to complete projects, grow revenue potential

By: Simone Liedtke     25th January 2021 Dual-listed Eastern Platinum (Eastplats) has issued 36.8-million common shares to raise about C$11.7-million. Net proceeds from the rights offering will be used to complete various projects and grow Eastplats’ revenue potential. 

Silver Elephant acquires nickel project in Thompson belt

By: Mariaan Webb     25th January 2021 Toronto-listed Silver Elephant has high hopes and aspirations for its new Minago project, in Manitoba, which could supply the “insatiable” demand for Class 1 nickel from the electric vehicle (EV) industry. The company announced on Friday that it had entered into a binding agreement to acquire... 

Silver Elephant acquires nickel project in Thompson belt

Canadian junior loses rights to Peru concessions

By: Creamer Media Reporter      25th January 2021 Canadian junior Tesoro Minerals’ stock plunged on Friday, after the company revealed that its right to acquire mineral concessions in the Tambo Grande district of Peru has been rescinded. Tesoro reported that Peru had passed a supreme decree, which repealed previous decrees that had granted the... 

Deep-South ‘well-funded’ to continue development of Namibian copper project

By: Simone Liedtke     22nd January 2021 TSX-V-listed Deep-South Resources has closed its nonbrokered private placement for $4.6-million. President and CEO Pierre Leveille commented on the strong demand, which led to the financing, and confirmed that the company had recently completed a preliminary economic assessment. 

First Majestic lifts fourth-quarter silver output, exceeds 2020 guidance

By: Donna Slater     21st January 2021 First Majestic Silver, with three producing projects in Mexico, produced 5.5-million silver-equivalent ounces (SEO) in the fourth quarter of 2020, representing a 5% increase over the prior quarter. Silver production reached 3.5-million ounces, representing a 9% increase over the prior quarter... 

Argonaut produces record quarterly output, intersects high-grade mineralisation at Magino

By: Donna Slater     21st January 2021 TSX-listed Canadian gold explorer, developer and producer Agronaut Gold produced a record 56 986 of gold-equivalent oz GEO in the fourth quarter of 2020, representing a 16% increase over the previous quarter. This contributed to full-year production of 203 483 GEO.  

Harte Gold to proceed with Sugar Zone expansion

By: Simone Liedtke     21st January 2021 TSX-listed Harte Gold is proceeding with an expansion of its fully owned Sugar Zone mining operation, in Canada, from a capacity of 800 t/d to 1 200 t/d, based on the positive results of a feasibility study. With expansion capital of $21-million, the gold producer intends to reach the 1 200 t/d... 

Copper mineralisation found through 940 m of first-hole drilling at Bushranger

By: Donna Slater     20th January 2021 Drilling of the first of three holes at Xtract Resources’ Bushranger copper/gold exploration project, in Australia, has thus far found copper mineralisation at a depth of 110 m, with mineralisation continuing over a 940 m interval to about 1 050 m depth, 235 m past the original planned finishing... 

Cora records further positive drill results at Sanankoro gold project

By: Tasneem Bulbulia     20th January 2021 Aim-listed Cora Gold has recorded further drill results on the Dako II permit, which is contiguous with its flagship Sanankoro gold project, and the Tagan permit adjacent to the north of Aim-listed Hummingbird Resources' Yanfolila mine, in southern Mali. The Dako II drilling builds on the... 

Shanta records higher reserves and resources

By: Tasneem Bulbulia     20th January 2021 Aim-listed Shanta Gold's net reserves have increased by 37 000 oz in 2020. Providing an update on group-wide reserves and resources for its portfolio of gold projects in Tanzania and Kenya as at December 31, 2020, the company notes that its reserves in Tanzania, where it owns the New Luika gold... 

Forrest's Wyloo seals third Canadian deal

By: Mariaan Webb     20th January 2021 Australian mining billionaire Andrew Forrest’s Wyloo Metals has sealed a new Canada nickel deal, focusing on the drill-ready West Ragland nickel project in Nunavik, Quebec. Wyloo has signed a C$25-million option and joint venture agreement with TSX-V-listed Orford Mining to acquire up to 80% of... 

Forrest's Wyloo seals third Canadian deal

Relief Canyon to reach full production by May 2021

By: Simone Liedtke     20th January 2021 TSX-listed Americas Gold and Silver Corporation’s Relief Canyon mine, in the US, will ramp up to full production in the second quarter of this year, after having achieved commercial production earlier this month. Based on a July 2018 feasibility study, the company anticipates production of about... 

Relief Canyon to reach full production by May 2021
A photo of the stacker at Relief Canyon.

MRC adds to Norwegian footprint

By: Esmarie Iannucci     19th January 2021 ASX-listed Mineral Commodities has secured two additional graphite prospects near its existing Skaland graphite mining operations, in Norway. The company on Tuesday reported that it had entered into a landowner agreement to explore the Hesten and Vardfjellet graphite prospects, which are some... 

Xtract progresses with Phase 1 drilling at Bushranger project

By: Marleny Arnoldi     18th January 2021 London-listed Xtract Resources has progressed well with the first of three holes in a Phase 1 drilling programme at the Racecourse deposit on the Bushranger copper/gold exploration project, in the Lachlan Fold Belt of Australia. The company says drilling has progressed to a depth of 975 m in... 

IronRidge hits promising gold intercepts at Zaranou project

By: Marleny Arnoldi     18th January 2021 Aim-listed IronRidge Resources has hit multiple high-grade intersections from drilling at the Zaranou project, in Côte d’Ivoire, confirming new gold targets. The licence area is along strike from significant operating gold mines Chirano, Bibiani and Ahafo in Ghana.  

Fatou drilling to commence once funding finalised

By: Donna Slater     15th January 2021 Aim-listed gold and lithium explorer and developer Kodal Minerals has undertaken further field reconnaissance and planning of the maiden drilling programme at its Fatou project, in Mali, which will start as soon as possible and in line with a funding agreement being finalised. The company is... 

IronRidge commences Ewoyaa drilling

By: Donna Slater     14th January 2021 Aim-listed explorer IronRidge Resources says a 12 500 m drilling programme at its Ewoyaa lithium project, in Ghana, has started, with contractor GeoDrill having mobilised on site and started reverse circulation (RC) drilling. The campaign is intended to add resource tonnes within the immediate... 

American Lithium submits operations plan to BLM

By: Donna Slater     14th January 2021 TSX-listed project acquirer, developer and explorer American Lithium is moving its flagship Tonopah lithium project, in Nevada, US, towards its next phase of development with the submission of a plan of operations to the Bureau of Land Management (BLM). Drilling during 2019 and 2020 resulted... 

IronRidge identifies new pegmatite targets at Ghana lithium project

By: Donna Slater     13th January 2021 Aim-listed explorer IronRidge Resources has defined multiple new pegmatite targets following auger drilling at the Ewoyaa lithium project, in Ghana, where the company has defined a Joint Ore Reserves Committee-compliant mineral resource estimate of 14.5-million tonnes at a grade of 1.31% lithium... 

Gold exploration remains steady with moderate growth  

By: Donna Slater     13th January 2021 Amid falling exploration budgets across nearly all commodities, gold exploration remained steady in 2020, posting a 1% increase over 2019. Exploration was buoyed by stronger gold prices during the Covid-19 pandemic, reports research and data company Standard & Poor’s Global Market Intelligence... 

Tesoro SPP exceeds plans

By: Esmarie Iannucci     13th January 2021 Junior Tesoro Resources on Wednesday revealed that its December share purchase plan (SPP) had closed significantly oversubscribed, with the company receiving valid applications for some a$4.5-million worth of shares. The applications received exceeded the A$3-million target set by the SPP,... 

Norway eyes sea change in deep dive for metals instead of oil

By: Reuters     13th January 2021 Norway's oil and gas reserves have made it one of the world's wealthiest countries but its dreams for deep-sea discovery now centre on something different. This time, Oslo is looking for a leading role in mining copper, zinc and other metals found on the seabed and in hot demand in green... 

Botswana's Masisi joins list of Presidents to address Mining Indaba

By: Donna Slater     12th January 2021 Botswana President Mokgweetsi Masisi has added his name to the upcoming virtual Mining Indaba to be held from February 2 to 3. He joins other Presidents, including South Africa Cyril Ramaphosa, Sierra Leone’s Julius Maada Bio and the Democratic Republic of Congo’s Félix Tshisekedi, who have been... 

Nickel sulphides found in Molopo Farms Complex exploration

By: Donna Slater     11th January 2021 Botswana explorer Kalahari Key Mineral Exploration (KKME) reports that exploration at its Molopo Farms Complex (MFC) project has unearthed 4.4 m of ultramafic rocks with finely disseminated sulphides in angled hole KKME 1-6 at about 270 m vertical depth. Following the successful drilling of the... 

Bauba’s King Victor Thulare dies

By: Simone Liedtke     11th January 2021 His Majesty King Victor Thulare III, a Bauba Resources alternate nonexecutive board member, has died, the company confirmed on January 11. He joined the board as an alternate nonexecutive director to Dr NM Phosa on July 1, 2011. 

Rambler appoints Easen Chen new CFO

By: Simone Liedtke     8th January 2021 Aim-listed Rambler Metals and Mining has appointed Eason Chen CFO on a full-time basis. Chen has served as nonexecutive director of Rambler for the past eight years and, with his appointment as CFO, will transition to an executive director role. 

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