R/€ = 17.34 Change: 0.02
R/$ = 14.52 Change: 0.06
Au 1745.29 $/oz Change: 5.71
Pt 1157.50 $/oz Change: -30.50

Exploration News

Yamana's generative exploration programme yielding results

By: Creamer Media Reporter      3rd December 2020 Despite limited drilling activity owing to Covid-19-related restrictions, Canadian miner Yamana Gold says its generative exploration programme has made significant progress, strengthening the company’s conviction that it will meet its objective of discovering a standalone project with inferred... 

Xtract receives approval to drill Bushranger project

By: Donna Slater     2nd December 2020 Brownfield mine developer Xtract Resources has received all required governmental approvals to proceed with its maiden Phase 1 drilling programme on the Bushranger copper/gold exploration project in the Lachlan Fold Belt (LFB), in New South Wales, Australia. Xtract executive chairperson Colin... 

Kimberlite blow discovered at Botswana Diamonds’ Thorny River prospect

By: Donna Slater     2nd December 2020 A recent drilling programme, targeting an area of 0.4 ha, at Botswana Diamonds’ Thorny River project in Limpopo, in South Africa, has led to the discovery a new kimberlite blow (a small volcanic pipe). 
Botswana Diamonds chairperson John Teeling says the discovery is “very significant” as the... 

Lack of publicly available cadastre impeding future mining potential – Miller 

By: Donna Slater     1st December 2020 The South African junior mining, and particularly prospecting, sector will continue its rapid degradation if the Department of Mineral Resources and Energy (DMRE) continues to refuse to publicly release information pertaining to national mining and prospecting rights, says mining supply sales... 

Lack of publicly available cadastre impeding future mining potential – Miller
Photo by Creamer Media
AmaranthCX director Paul Miller

Chalice targets A$100m capital raise

By: Esmarie Iannucci     1st December 2020 ASX- and TSX-listed Chalice Gold Mines has unveiled plans to raise A$100-milllion through an institutional placement and share purchase plan (SPP) to accelerate exploration activities and deliver a mineral resource and mining studies for the Julimar nickel/copper/platinum project, in Western... 

Explorers raised A$2bn in last quarter - BDO

By: Esmarie Iannucci     1st December 2020 Australian ASX-listed explorers raised some A$2-billion in financing during the September quarter, new data from accounting firm BDO has shown. In its Explorer Quarterly Cash Update, BDO noted that the cash position of ASX-listed explorers was the strongest since June 2013, with access to... 

Platina completes Skaergaard sale

By: Esmarie Iannucci     30th November 2020 ASX-listed Platina Resources on Monday told shareholders that it would ramp-up its hunt for gold in Western Australia after completing the a$13.7-million divestment of its Skaergaard gold and palladium project, in Greenland, to Canadian-listed Major Precious Metals Corp. The junior company has... 

Azure raises A$37m for exploration

By: Esmarie Iannucci     30th November 2020 ASX-listed Azure Minerals has closed a A$37-million share placement to fund exploration work at nickel and gold projects in Western Australia. The company at the end of last week revealed that it had received commitments for the placement of 50-million shares priced at 74c each, to raise... 

Exploration spend rises in Sept quarter

30th November 2020 Mineral exploration expenditure in the September quarter increased by 3% on the previous corresponding period, new data from the Australian Bureau of Statistics has shown. The Association of Mining and Exploration Companies (Amec) on Monday said that the increase in exploration spend... 

More 4IR integration needed from mining

By: Theresa Bhowan     27th November 2020 The advent of the Fourth Industrial Revolution (4IR) has had a significant impact on all facets of society, but international investment company StratisQ Group notes that the mining industry needs to participate more in the 4IR transformation. “Digitisation is not the future – it is here already.... 

More 4IR integration needed from mining
HUGO BOTHA Digitisation is not the future – it is here already

More communities to benefit from Moma mine following plant relocation

By: Theresa Bhowan     27th November 2020 Through constant involvement in and development of its surrounding communities, titanium minerals producer Kenmare Resources notes that its increased ilmenite production, and the subsequent effect on Mozambique’s exports, will have significant benefits for the company, its host communities and... 

More communities to benefit from Moma mine following plant relocation
HELPING HAND Kenmare donated personal protective equipment and hand sanitisation kits to community health facilities close to the Moma mine

Manganese expertise boosts service to mines

By: Theresa Bhowan     27th November 2020 Geological service provider Minrom states that its dedicated team of geologists, with years of manganese mining expertise, can provide crucial decision-making services for manganese mines in the Northern Cape. Minrom’s services range from greenfield exploration and three-dimensional geological... 

Manganese expertise boosts service to mines
Photo by Bloomberg
MANGANESE EXPERTISE Through services to manganese mines in the Northern Cape, Minrom has identified pitfalls and bottlenecks that occur during the exploitation of resources during mining programmes

Marathon announces strategic flow-through financing with Lassonde

By: Creamer Media Reporter      26th November 2020 Toronto-based gold company Marathon Gold on Wednesday announced a strategic flow-through financing with existing shareholder Pirre Lassonde, which would enable the company to continue its exploration programme at the Valentine gold project, in central Newfoundland. The nonbrokered private... 

Kore mulls South Cariboo exploration asset spin-out

By: Mariaan Webb     25th November 2020 TSX-V-listed Kore Mining is considering splitting its US development assets and Canadian exploration assets into separate publicly listed companies, the junior said on Tuesday, announcing the planned spin-out of its South Cariboo exploration assets. The spin-out would create a pure-play... 

Kore mulls South Cariboo exploration asset spin-out

Sabre raises funds

By: Esmarie Iannucci     25th November 2020 Junior Sabre Resources will raise a minimum of A$3-million in a share placement under the company’s existing placement capacity. Sabre told shareholders on Wednesday that the company has received a letter for corporate advisor Peak Asset Management confirming that it had received binding... 

These days, the smart money is staying away from Arctic drilling

By: Bloomberg     25th November 2020 The Trump administration is racing against legal deadlines and a merciless regulatory calendar in its last-ditch effort to sell drilling rights in the Arctic National Wildlife Refuge before President-elect Joe Biden is sworn in at noon on January 20. Even if the White House succeeds in clearing... 

These days, the smart money is staying away from Arctic drilling

African green hydrogen can provide important economic impetus – BMBF 

By: Martin Creamer     24th November 2020 The establishment of an African hydrogen economy based on renewable energy can provide important impetus in the Southern African region and offer new perspectives, especially to young people. That is the view of German Federal Ministry of Education and Research (BMBF) Energy and Green Hydrogen... 

African green hydrogen can provide important economic impetus – BMBF
Federal Research Minister Anja Karliczek and Innovation Commissioner ‘Green Hydrogen‘ Dr Stefan Kaufmann: Small bottle, huge effect. Sufficient energy to supply a refrigerator for a day – 48 litres of hydrogen are bound in this 80 ml liquid, referred to as liquid organic hydrogen carrier or LOHC. Dr Kaufmann was in South Africa earlier this month. © BMBF/Hans-Joachim Rickel

Kodal starts gold exploration drilling in Côte d'Ivoire

By: Marleny Arnoldi     23rd November 2020 Having entered into two financing agreement with Riverfort Global Opportunities and a hedge fund operated by Yorkville Advisors Global, Aim-listed Kodal Minerals says it is well-funded to start gold exploration this month in Côte d'Ivoire. The company will explore for gold mineralisation at the... 

Caravel raises cash

By: Esmarie Iannucci     23rd November 2020 Junior Caravel Minerals will raise A$2.85-million from a share placement to sophisticated and professional investors to fund drilling at its Caravel copper project in Western Australia. The company on Monday announced that it would issue 35.6-million new shares, at a price of 8c each, under the... 

Barrick enters earn-in deals with two juniors near Hemlo

By: Simone Liedtke     23rd November 2020 Canadian major Barrick Gold has entered into two option and joint venture (JV) agreements with junior miners near its Hemlo operation, in Ontario. The first is with TSX-V-listed Melkior Resources, which has granted Barrick the right to earn-on up to a 75% interest in the White Lake project, 20... 

Barrick enters earn-in deals with two juniors near Hemlo
Barrick's Hemlo mine, in Ontario

Power Metal completes drilling of first hole at Kalahari Key project

By: Donna Slater     20th November 2020 Aim-listed metals exploration and development company Power Metal Resources has completed the drilling of the first hole at Kalahari Key Mineral Exploration's Molopo Farms Complex (MFC) project, in Botswana. 

Assay results point to high copper values for Power Metal's Kisinka prospect

By: Donna Slater     20th November 2020 Aim-listed metals exploration and development company Power Metal Resources, through receipt of assay results, has confirmed high cobalt and copper values at its 70%-owned Kisinka copper/cobalt project, in the Democratic Republic of the Congo. Kisinka is located about 30 km east of the regional... 

Oriole to start drilling at Bibemi before year-end

By: Marleny Arnoldi     20th November 2020 Aim-listed Oriole Resources expects a Boart Longyear drill rig to arrive at its Bibemi project site in Cameroon, by early December, which will enable the company to start its 3 000 m diamond drilling programme before the end of the year. Additionally, ancillary equipment is en route from South... 

Alba reunites two key mines in Dolgellau gold field, Wales

By: Creamer Media Reporter      20th November 2020 Aim-listed Alba Minerals has been awarded the exclusive exploration rights over the Gwynfynydd mine – the second biggest producer of gold in the UK’s history after the Clogau-St Davids gold mine. With this award, Alba now has the exclusive exploration rights over the entire length of the... 

Great Southern raises funds

By: Esmarie Iannucci     20th November 2020 ASX-listed Great Southern Mining will raise A$3.12-million to fund exploration work in Western Australia and Queensland. The junior on Friday announced that it would place 39-million fully paid ordinary shares at 8c each, along with one free attaching option for every four placement shares... 

Alicanto raises funds for Swedish exploration

By: Esmarie Iannucci     20th November 2020 Gold developer Alicanto Minerals will raise A$6-million through a share placement to fund next round of drilling at its Greater Falun copper/gold project, in Sweden. The company on Friday announced that more than 46.1-million shares will be placed at an issue price of 13c each to sophisticated... 

Trilogy and South32 formalise $27m budget for Alaska JV

By: Mariaan Webb     19th November 2020 Ambler Metals, a joint venture operating company owned by Trilogy and South32, has announced a 2021 budget of $27-million for the advancement of the Upper Kobuk Mineral Projects (UKMP), in Alaska. The 2021 exploration programme will entail 7 600 m of infill and metallurgical drilling at the... 

Maiden drill campaign mobilises to explore Tanzanian Haneti nickel project

By: Donna Slater     19th November 2020 Aim-listed gold and nickel explorer and developer Katoro Gold has mobilised Amazon Drilling's teams to start the maiden drill programme targeting the discovery of nickel and platinum group metals (PGMs) at the Haneti nickel project in Tanzania.

Katoro holds a 65% ownership interest in Haneti,... 

Great Lakes region still not benefitting from its minerals endowment 

By: Simone Liedtke     19th November 2020 Africa, and in particular the Great Lakes region, is richly endowed with minerals, but the continent and the region are not yet benefitting adequately from the sustainable mining and beneficiation of those minerals. This has given rise to the illicit extraction and smuggling of these minerals,... 

Egypt awards 11 companies concessions in mining bid round

By: Reuters     19th November 2020 Egypt has awarded 82 exploration blocks to 11 companies in an international bid round for mineral exploration, Petroleum Minister Tarek El Molla said on Thursday. Among the companies awarded concessions were Australia's Centamin, Canadian companies B2Gold, Barrick Gold, Lotus Gold, Red Sea... 

Egypt awards 11 companies concessions in mining bid round
The Sukari mine, in Egypt.

Havilah hoping to raise more funds

By: Esmarie Iannucci     19th November 2020 ASX-listed Havilah Resources is hoping to raise A$2-million through a share purchase plan (SPP), days after completing a A$2.55-million share placement. The company on Thursday said that the SPP will provide eligible shareholders the opportunity to acquire up to A$30 000 worth of new shares in... 

Endeavour Silver expands Terronera

By: Creamer Media Reporter      19th November 2020 Midtier precious metals miner Endeavour Silver has expanded the footprint of its Terronera project, in Jalisco state, Mexico, to 20 128 ha through the acquisition of two adjacent groups of mineral concessions, La Sanguijuela and Cerro Gordo. “These two acquisitions not only expand our property... 

Red 5 joint ventures with Ardea

By: Esmarie Iannucci     19th November 2020 Juniors Red 5 and Ardea Resources have inked a joint venture (JV) agreement over two gold projects in Western Australia. Under the terms of the agreement, Red 5 will spend an initial A$1.5-million on exploration over a two year period to gain an initial 60% interest in the Mt Zephyr and Darlot... 

Green hydrogen, exploration offer best opportunities for South Africa’s mining sector 

By: Tasneem Bulbulia     18th November 2020 There are a myriad of opportunities that the mining industry can capitalise on, and the Covid-19 pandemic has provided a major catalyst for the collaboration required to unlock it, speakers said during a mining-focused session at the South African Investment Conference on November 17. Hydrogen... 

Minotaur hoping to boost share value

By: Esmarie Iannucci     18th November 2020 Junior Minotaur Exploration has appointed Argonaut Capital to help extract value from its shares, with the company arguing that share prices were trading well below expectations. Speaking at the company’s annual general meeting, Minotaur chairperson Roger Higgins noted that based on the Great... 

Africa needs to cultivate cluster of ‘real catalytic investors’ in response to pandemic

By: Simone Liedtke     16th November 2020 Africa needs to cultivate a cluster of “real catalytic investors to mount strong, build-back better resilient mining investment” in response to the global Covid-19 pandemic, says Africa investor Hubert Danso. Speaking during the opening keynote of this year’s Africa Mining Forum, held virtually,... 

IronRidge appoints new CFO

By: Tasneem Bulbulia     16th November 2020 Aim-listed IronRidge Resources has appointed Amanda Harsas as full time CFO with immediate effect. She is a senior finance executive with over 20 years’ experience in strategic finance, business transformation, commercial finance, customer and supplier negotiations and capital management. 

IronRidge appoints new CFO
Amanda Harsas

Mayur's plans unfolding

By: Esmarie Iannucci     13th November 2020 ASX-listed Mayur Resources on Friday said that it remained on track for the acquisition of two privately owned gold companies with assets in Papua New Guinea (PNG), and the spin-out of its PNG assets. Mayur in September announced plans to spin-out and list is PNG gold and copper assets into a... 

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