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Exploration News

Great Boulder and Ausgold join hunt at Yamarna

By: Esmarie Iannucci     4th October 2018 Juniors Great Boulder Resources and Ausgold have entered into a joint venture agreement over the Yamarna nickel project, in Western Australia. Under the terms of the agreement, Great Boulder could earn a 75% interest in the Ausgold project by issuing that company with 1.5-million Great Boulder... 

Caledonia Mining declares quarterly dividend

By: Simone Liedtke     2nd October 2018 Exploration and development company Caledonia Mining has declared a quarterly dividend of $0.06875 a share. Additionally, it is expected that the current dividend of $0.27 yearly, paid in equal quarterly instalments, will be maintained, the company said on Tuesday. 

Breaker raises exploration funds

By: Esmarie Iannucci     2nd October 2018 Gold explorer Breaker Resources will raise A$10.5-million through a share placement to fund drilling and exploration work in Western Australia. Some 36.53-million shares will be issued under the company’s existing placement capacity, priced at 29c each. The offer price represented a 9.4%... 

Botswana manganese estimate fires up aspirant battery supplier

By: Martin Creamer     1st October 2018 A maiden mineral resource at the Kgwakgwe Hill manganese field in Botswana has given a Toronto venture exchange junior exploration company sufficient confidence to proceed immediately with a preliminary economic assessment, Mining Weekly Online can today report. The mineral resource estimate,... 

Botswana manganese estimate fires up aspirant battery supplier
Maiden manganese mineral resource announced in Botswana

Ivanhoe announces third major copper discovery in DRC

By: Simone Liedtke     1st October 2018 TSX-listed Ivanhoe Mines has made an important new discovery of high-grade copper on its 100%-owned Western Foreland licences, west of the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC). This discovery, Makoko, is the first of multiple high-potential target areas identified... 

Ivanhoe announces third major copper discovery in DRC
Photo by Creamer Media
Ivanhoe executive co-chairperson Robert Friedland

Arc Minerals raises £2m for exploration, development at Zambia project

By: Simone Liedtke     1st October 2018 Aim-listed Arc Minerals will raise about £2-million to help fund exploration and development work on the company’s Kalaba copper/cobalt project, in Zambia, and for general working capital purposes. On Monday, the company placed more than 44-million units at 4.5p a unit, with each unit comprising... 

Geoscience BC releases map data on Greenwood

By: Marleny Arnoldi     1st October 2018 Earth science information organisation Geoscience BC has released a new geological map and data, which is the latest in a series of research projects to encourage mineral exploration in the regional district of Kootenay Boundary in southern British Columbia. The 1:50 000 scale “Geology of the... 

Constantine updates Palmer resource to indicated category at 11% zinc

By: Marleny Arnoldi     28th September 2018 TSX-listed Constantine Metal Resources (CMR) has updated its mineral resource estimate for the Palmer copper/zinc/gold/silver deposit, in Alaska, to an indicated resource of 4.6-million tonnes, grading 11.67% zinc equivalent and 3.84% copper equivalent. This mineral resource update represents... 

Azumah grows Ghana project’s mineral resources to 2.5Moz

By: Marleny Arnoldi     28th September 2018 ASX-listed gold developer Azumah Resources has increased the combined mineral resource of its Wa gold project by 21%, or 433 900 oz, to 2.5-million ounces, adding to the expectations for attractive financial metrics for the Ghana project. Azumah will update the ore reserves and financial metrics... 

MC Mining eyeing acquisition, project access, SEZ 

By: Martin Creamer     27th September 2018 Coal exploration, development and mining company MC Mining, which has painstakingly removed many obstacles in its path in the last five years, is targeting the acquisition of a second suitable operational coal mine in the mould of the cash-generative Uitkomst, taking strong steps to secure access... 

MC Mining eyeing acquisition, project access, SEZ
MC Mining CEO David Brown interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Dylan Slater

GoldStone progresses scoping, old working assessment at Akrokeri-Homase project

By: Marleny Arnoldi     27th September 2018 Aim-listed GoldStone Resources is growing more confident in identifying mineral resource potential at the Akrokeri-Homase (AKHM) gold project, in Ghana. A work programme has focused on accessing the historic, high-grade Akrokeri underground gold mine, which is one of two previously producing... 

MC Mining reports normalised $9.8m loss

By: Martin Creamer     27th September 2018 Coal exploration, development and mining company MC Mining on Thursday reported a normalised after-tax loss of $9.8-million in the 12 months to June 30, when the company achieved full integration of  the cash generating Uitkomst thermal and metallurgical colliery, which sold $32.7-million worth... 

Tando speeds up drilling at SPD project, targets Jorc-compliant resource by end-October

By: Marleny Arnoldi     27th September 2018 ASX-listed junior exploration company Tando Resources has mobilised another diamond core rig at its SPD Vanadium project, in South Africa, with three rigs now drilling out the 513-million-tonne resource. This will contribute to the publication of a Joint Ore Reserves Committee- (Jorc-)... 

Sibanye highlights Lonmin, DRDGold deal attractions at Denver

By: Martin Creamer     26th September 2018 The progressing Lonmin acquisition and the already done DRDGold deal have been highlighted to the Denver Gold Forum by Sibanye-Stillwater, which is currently hosting investors and analysts at its Stillwater mine in Montana. The forum heard how the Lonmin acquisition would add significantly to... 

Sibanye highlights Lonmin, DRDGold deal attractions at Denver
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Queensland fires up for gas supply challenge

By: Creamer Media Reporter      26th September 2018 More explorers are on the hunt across Queensland for gas for the hungry Australian market. Natural Resources, Mines and Energy Minister Dr Anthony Lynham on Tuesday announced that four companies would soon start exploring more than 6 600 km2 for more gas for local use, as well as export dollars. 

Queensland fires up for gas supply challenge

Harmony Gold shows off growing portfolio quality in Denver

By: Martin Creamer     26th September 2018 Harmony Gold’s Moab Khotsong mine in South Africa and Hidden Valley mine in Papua New Guinea will together produce a third of the guided 1.5-million ounces in the 12 months to end June, with the projected 500 000 oz from these two operations being produced at an all-in sustaining cost of $950/oz,... 

Harmony Gold shows off growing portfolio quality in Denver
Photo by Creamer Media
Harmony Gold CEO Peter Steenkamp

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Pacton receives regulatory approval to buy rest of Arrow

By: Creamer Media Reporter      21st September 2018 Canadian junior Pacton Gold hunting conglomerate-style gold in Australia’s Pilbara has received approval from the TSX Venture Exchange to buy the remaining 49% interest in Arrow Minerals. The transaction, announced last month, gives the company full ownership of a strategic landholding of 609... 

New products can improve safety, productivity

By: Nadine James     21st September 2018 Bidvest Commercial Products division Kelmeg Lifting Services (KLS) has expanded its service offering – aimed at improving safety and productivity, particularly with regard to working at height, and the associated lifting, rigging or lashing requirements. The new safety-focused products can assist... 

New products can improve safety, productivity
Photo by Creamer Media
RODNEY YOUNG Innovation is a pivotal focal point and Kelmeg invests considerably into research and development, every year

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

By: Dylan Slater     21st September 2018 The South African mining industry, once the backbone of economic growth, intensive job creation and development, is declining constantly, owing to the slow rates of research and development into newer, safer, modernised, mechanised and continuous mining methods. A key pillar of improving mining... 

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

Serabi fills new COO position with Brazilian national

By: Creamer Media Reporter      20th September 2018 Brazil-focused gold mining and development company Serabi on Thursday announced the appointment of Roney Almeida to the newly established position of COO. Almeida, a Brazilian national and resident in Belo Horizonte, will report to Serabi CEO Mike Hodgson. 

Deep sea robots reveal mineral riches in the abyss

By: Reuters     20th September 2018 From the safety of their research vessel, scientists are exploring one of Earth's last frontiers - the sea floor - to discover more about valuable minerals vital in the manufacture of smartphones. The scientists, from the University of Bergen in Norway, are sending robots 2 500 m down into the... 

Deep sea robots reveal mineral riches in the abyss

Nexus expands Wallbrook project

By: Creamer Media Reporter      20th September 2018 Gold explorer Nexus Minerals has acquired a 190 km2 tenement package adjacent to its Wallbrook tenements, expanding the project to about 250 km2 of prospective geological units in the Eastern Goldfields of Western Australia. The ASX-listed company has signed a tenement sale and purchase... 

Wallbridge up on high-grade drilling results

By: Creamer Media Reporter      20th September 2018 Shares in Toronto-listed Wallbridge Mining soared 21% on Wednesday as the company announced positive results from its underground drilling programme and an update on the ongoing development of the 35 000-t bulk sample at the Fenelon gold property, in Quebec. Wallbridge said that, in the newly... 

Pan African’s rapid turnaround removes false notions on doing business in SA 

By: Martin Creamer     19th September 2018 South Africa was on Wednesday reaffirmed as a country where business is able to do what is required, when London- and Johannesburg-listed gold mining company Pan African Resources outlined the remarkably efficient manner in which this country’s regulatory environment facilitated the closure of a... 

Pan African’s rapid turnaround removes false notions on doing business in SA
Pan African Resources management outline the company’s low-cost repositioning to Mining Weekly Online’s Martin Creamer. Video and video editing: Darlene Creamer 19.09.2018

Excelsior shareholders give thumbs up to Spitfire merger

By: Creamer Media Reporter      19th September 2018 The takeover of Excelsior Gold by Spitfire Materials has received shareholder backing, paving the way for the merger implementation to proceed. Excelsior shareholders approved the transaction on Wednesday. The Federal Court approval will be sought next week and, should that be given, the scheme... 

Gascoyne hits ultra-high gold grades at Dalgaranga

By: Mariaan Webb     19th September 2018 Drilling at the Tanqueray prospect of the Dalgaranga gold project, near Mount Magnet, Western Australia, has intersected ultra-high gold mineralisation, Gascoyne Resources announced on Wednesday, sending its stock up 18%. Drilling intersected 373.5 g/t gold (12 oz/t) from 53 m, including 3 m at... 

Hummingbird to raise processing throughput, confirms good gold intercepts

By: Marleny Arnoldi     19th September 2018 Aim-listed gold miner Hummingbird Resources will build a second ball mill at the Yanfolila gold mine, in Mali, that will increase plant throughput from 1.2-million to 1.4-million tonnes a year, based on a blend of ore types. Based on 100% fresh ore types, the throughput capacity will increase... 

Upbeat Pan African repositioned as lower-cost gold producer

By: Martin Creamer     19th September 2018 Gold mining company Pan African Resources said on Wednesday that it had reconfigured its gold operations for sustainable profitability through the creation of a lower cost base and the imposition of efficiencies and stability through restructuring. The London- and Johannesburg-listed company,... 

Upbeat Pan African repositioned as lower-cost gold producer
Photo by Creamer Media
Pan African Resources CEO Cobus Loots (right) with Thabo Mokoena (left) and Eric Kholwane (centre) at the Elikhulu sod-turning ceremony

Kirkland invests in Urban Barry explorer Osisko Mining

By: Creamer Media Reporter      19th September 2018 Midtier gold producer Kirkland Lake has increased its shareholding in TSX-listed Osisko Mining, through which it has exposure to the Urban Barry area of north-western Quebec. The company acquired 14 705 882 common shares of Osisko by way of private placement at C$1.70 a share, for a total cash... 

Vector Resources secures $20m loan to aid Adidi-Kanga development

By: Marleny Arnoldi     18th September 2018 ASX-listed Vector Resources has secured a $20-million committed debt facility with resources focus fund Medea Future Materials Fund, to help reduce its indebtedness with a local Democratic Republic of Congo (DRC) bank. The company needs $5-million for upfront acquisition costs, about $10-million... 

New Botswana coal mine development under way – Minergy

By: Martin Creamer     18th September 2018 Work is under way on the new Masama coal mine, which Botswana Stock Exchange-listed Minergy expects to commission in January, ahead of its primary listing on London’s Alternative Investment Market (Aim) in the first half of next year. The 390-million-tonne Masama, located in the Mmamabula... 

New Botswana coal mine development under way – Minergy
Minergy CEO Andre Bojé

Serabi gets extension for Sprott loan

By: Creamer Media Reporter      17th September 2018 Brazil-focused Serabi Gold has agreed an extension to the repayment terms for a $3-million loan with Sprott, allowing the Aim- and TSX-listed gold miner and developer with flexibility to fund work brought forward at the Coringa project. The loan, which was taken out in January, will now have a... 

‘Major’ drilling programme approved for Torrens

By: Creamer Media Reporter      17th September 2018 The management committee of the Torrens joint venture – a 70:30 Aeris Resources and Argonaut partnership – has approved Stage 1 of a “major” drilling programme the iron-oxide/copper/gold project, in South Australia. Stage 1 will involve eight to ten drill holes to depths of between 700 m and 1... 

Encounter/Newcrest JV granted new Tamani licences

By: Simone Liedtke     17th September 2018 ASX-listed Encounter Resources has been granted seven new exploration licences in the Tanami gold province of Western Australia as part of its joint venture (JV) with major Newcrest Mining. The JV now controls a granted exploration tenure covering about 3 500 km2 in the province, representing... 

Metminco plans acquisition and funding announcement

By: Creamer Media Reporter      17th September 2018 Australia-headquartered Metminco requested a voluntary suspension from the ASX on Monday, pending an announcement about a proposed capital raising and acquisition. The company, which requested a trading halt last week, said that an announcement would be made on Tuesday. 

RNC says Fathers Day vein delivers more high-grade gold

By: Mariaan Webb     17th September 2018 TSX-listed RNC Minerals on Monday announced that it had doubled the strike length of the high-grade coarse gold structure of the Fathers Day vein, in the Beta Hunt mine, to about 10 m and added that it would provide an update on the estimated ounces from this new Australian gold discovery later... 

Beaufield CEO resigns

By: Creamer Media Reporter      17th September 2018 Quebec- and Ontario-focused explorer Beaufield Resources has announced the resignation of its president and CEO, Ronald Stewart, who is leaving the company to “pursue other opportunities”. His resignation is effective with immediate effect, the TSX-V-listed exploration firm said on Friday. 

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