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Exploration News

Siren starts trading on the ASX

By: Esmarie Iannucci     7th October 2020 Junior explorer Siren Gold successfully listed on the ASX on Wednesday, after raising A$10-million through its initial public offering (IPO). Siren placed 40-million shares in the IPO, at a price of 25c each, with the company trading under the code SNG. At the IPO price of 25c a share, Siren has... 

Hydrogen can be game-changer for South African economy ­– PwC  

By: Martin Creamer     6th October 2020 Hydrogen has the potential to be a game-changer for the South African economy, PwC African mining leader Andries Rossouw said on Tuesday. Speaking during the virtual release of the professional services firm’s 12th edition SA Mine, a series of publications that highlights trends in the South... 

Hydrogen can be game-changer for South African economy ­– PwC
Mining Weekly’s Martin Creamer reports on PwC SA Mine 2020 event. Video: Darlene Creamer

Altus commences 18-hole Lakanfla drill programme

By: Donna Slater     6th October 2020 Aim- and TSX-listed African mining royalty generator Altus Strategies, under a joint venture (JV) with ASX-listed Marvel Gold, has commenced a 3 800 m drilling programme at its Lakanfla gold project in Western Mali. Lakanfla hosts extensive hard-rock artisanal gold workings, with historic... 

Brazil's VP Mourao says mining in indigenous lands is legal, but needs regulation

By: Reuters     5th October 2020 Brazilian Vice President Hamilton Mourao defended mining on indigenous reservations on Monday, saying the constitution allowed for that though regulations are needed to ensure miners pay taxes to the government and royalties to the tribes. Mourao said in a radio interview with Grupo Estado that... 

Wallbridge raises C$63.8m in bought deal

By: Creamer Media Reporter      5th October 2020 Toronto-listed Wallbridge Mining has completed a C$63.2-million capital raising, the proceeds of which will be used for continued advancement of the Fenelon gold project, in Quebec. The company issued 55.5-million common shares at C$1.15 a share on a bought deal basis for C$63.8-million. This... 

Kairos enlarges exploration plans

By: Esmarie Iannucci     5th October 2020 Junior Kairos Minerals has doubled the size of its reverse circulation campaign in the Pilbara, following a A$9-million capital raise. The ASX-listed Kairos in September completed the landmark capital raise, placing 180-million shares at a price of 5c each. 

Queensland extends rent relief for explorers

By: Esmarie Iannucci     5th October 2020 The Queensland government has extended its Covid rent break for explorers by another six months, allowing the hunt for resources to continue in the state unabated. Mines Minister Dr Anthony Lynham said the government was extended an existing Covid break on land rent to March 31 next year.... 

Queensland extends rent relief for explorers

Exploration budgets lowered owing to Covid-19

By: Donna Slater     1st October 2020 Newly released global exploration budget data from research and data company Standard & Poor’s Global Market Intelligence’s Corporate Exploration Strategies (CES) series shows that the exploration sector's optimism that began to appear in the second half of 2019 had been snuffed out by the... 

Public comment invited on drilling offshore Newfoundland and Labrador

By: Mariaan Webb     1st October 2020 The Impact Assessment Agency of Canada has invited public comments on the draft environmental assessment reports for three exploration drilling projects, east of St John’s, Newfoundland and Labrador. The three projects, located between 350 km and 375 km offshore, are the BHP Canada, Central... 

Firefly raises exploration funding

By: Esmarie Iannucci     1st October 2020 ASX-listed Firefly Resources has launched a A$6-million capital raise to fund accelerated gold drilling at the Yalgoo project, in Western Australia. The placement would comprise 40-million fully paid ordinary shares, priced at 15c each to sophisticated and professional investors. The placement... 

Rio Tinto wraps up Janice Lake 2020 campaign

By: Creamer Media Reporter      30th September 2020 Rio Tinto Exploration Canada (RTEC) has completed its summer exploration programme at the Janice Lake Sedimentary copper/silver project in northern Saskatchewan. TSX-V-listed Forum Energy Metals reports that a total of 25 holes have been completed for 818 m on seven targets. Assay results are... 

Agnico Eagle teams up with Newmont in Colombia

By: Creamer Media Reporter      30th September 2020 Canadian miner Agnico Eagle on Tuesday announced a 50:50 exploration joint venture (JV) in Colombia with the world’s largest gold miner, Newmont. The JV will explore the Anza project, in which Newmont has earn-in rights, and will seek other prospective gold targets of district-scale potential in... 

BC explorer Talisker to list on TSX

By: Mariaan Webb     29th September 2020 Explorer Talisker Resources has received conditional approval to list its shares on the TSX. The company will delist its shares from the Canadian Securities Exchange. “This listing will further increase our investment appeal and broaden our shareholder base in-line with our corporate growth... 

Drilling to start at Browns Range

By: Esmarie Iannucci     29th September 2020 Mineral sands developer Northern Minerals has set a A$5-million exploration budget for the 2021/21 financial year at its Browns Range project, in Western Australia. Drill rigs are expected on site in mid October, the company said on Tuesday, with the exploration programme focused on increasing... 

South Africa has 22 operating manganese mines – AmaranthCX ­ 

By: Martin Creamer     28th September 2020 South Africa has 22 operating manganese mines, with only four of them owned in part by Johannesburg Stock Exchange (JSE)-listed companies, AmaranthCX director Paul Miller has calculated. All are in the Northern Cape, except for four small mines well outside the Northern Cape in the North West,... 

South Africa has 22 operating manganese mines – AmaranthCX ­
Mamatwan manganese mine in South Africa's Northern Cape.

Improved offering, delivers remotely

By: Cameron Mackay     25th September 2020 The Covid-19 pandemic has encouraged geological services provider Minrom to focus on streamlining its in-house systems and enhancing its remote management capabilities, says Minrom senior geologist Graham Duncan. He emphasises that these enhancements will enable mining companies working with... 

Improved offering, delivers remotely
GEOLOGY FROM HOME Systems with remote capabilities have become crucial for mining companies active in remote regions that are difficult to access regularly

Trommel supply available throughout continent

25th September 2020 Trommel technology leader MDS trommel screens and apron feeders, which have been designed especially for mineral processing and recycling applications, are available throughout Africa from branded machinery supplier BLT World. “These flexible systems are used to remove the small fraction – fines... 

Trommel supply available throughout continent
ADVANCE MECHANISMS M515 trommels are designed to clean rocks in all weather conditions

Online format expands global presence of Joburg Indaba

By: Cameron Mackay     25th September 2020 Owing to the impact of Covid-19 and the subsequent physical distancing regulations, yearly mining conference the Joburg Indaba will be hosted as an online discussion on October 7 and 8. Event organisers Resources 4 Africa CEO Paula Munsie states that this will enable industry players, who were... 

Online format expands global presence of Joburg Indaba
MAKING UP LOST GROUND Many of the Joburg Indaba’s presentations, panels and discussions will focus on how the mining industry can be revitalised after the Covid-19

BHP joins copper hunt in NT

By: Esmarie Iannucci     24th September 2020 Diversified major BHP has taken an option agreement over junior Encounter Resource’s Elliott copper project, in the Northern Territory. The option agreement provides BHP with the right to enter into an earn-in and joint venture (JV) agreement for up to a 75% interest in the project by spending... 

Barrick’s Japan exploration partner expands footprint

By: Creamer Media Reporter      24th September 2020 Canadian exploration company Japan Gold, which has a country-wide alliance with gold major Barrick Gold to jointly explore, develop and mine certain gold mineral properties and mining projects, has expanded its footprint in Japan. The company acquired the Kanehana project through the acceptance... 

Barrick’s Japan exploration partner expands footprint

Argonaut raises exploration funds

By: Esmarie Iannucci     23rd September 2020 ASX-listed Argonaut Resources has raised a$2.7-million in a private placement, with the company hoping for a further A$1.9-million through a share purchase plan (SPP). Argonaut placed 491.6-million shares at a price of 0.55c each to professional sophisticated and institutional investors under... 

Giyani to start drilling programme at Botswana manganese project

By: Simone Liedtke     22nd September 2020 TSX-V-listed Giyani Metals has started a feasibility study field programme for its K.Hill manganese project, in Botswana, with the appointment of a drilling contractor, project management and geological services contract and their imminent mobilisation. The 2020 field programme follows Giyani’s... 

Australian junior to earn into Quebec gold/copper project

By: Creamer Media Reporter      22nd September 2020 Australia-based junior Mont Royal Resources has entered into a joint venture option agreement with TSX-V-listed Azimuth Exploration to earn up to 70% of the Wapatik gold/copper project, in James Bay, Quebec. The Wapatik project consists of 220 claims totalling 115 km2 in continuous tenure. 

Ecuador referendums can only apply to future mining rights

By: Mariaan Webb     22nd September 2020 The Ecuador Constitutional Court on Monday ruled that referendums relating to mining activities would be allowed, but that they would only apply to future mining rights that were not yet granted and that they could not be retroactively applied to concessions granted prior to the referendum.... 

Ardea taps the market for funding

By: Esmarie Iannucci     18th September 2020 Junior Ardea Resources has received commitments to raise A$3.5-million through a share placement priced at 47c a share, to fund exploration work. The company will place more than 7.44-million shares under its existing placement capacity, to sophisticated and professional investors.  

TomaGold sells remaining 25% of Monster Lake stake to Iamgold

By: Creamer Media Reporter      18th September 2020 Listed miner Iamgold will buy the remaining 25% of the Monster Lake project, in the Chibougamau mining camp, Quebec, from TSX-V-listed TomaGold in an C$8.5-million cash-and-share transaction. The Monster Lake project comprises the Monster Lake, Winchester and Lac à l’eau jaune properties in the... 

Renascor shakes the tin for exploration work

By: Esmarie Iannucci     18th September 2020 Graphite developer Renascor Resources will raise A$3.6-million to fund work streams at its Siviour battery anode materials project and at its Carnding gold project, in South Australia. More than 324.8-million shares will be issued at a price of 1.1c each, along with one free attaching option... 

Exploration on the rise in WA

By: Esmarie Iannucci     17th September 2020 Mineral exploration activity in Western Australia has hit a record five-year high, new data from the Department of Mines, Industry Regulation and Safety showed. The department recorded a five-year high in the number of programme of work (PoW) applications, with the figures for July and August... 

Altus secures royalty, upfront and future payment agreements for Côte d'Ivoire gold projects

By: Marleny Arnoldi     16th September 2020 TSX-V- and Aim-listed Altus Strategies has signed purchase and sales, and net smelter return royalty (NSR), agreements with TSX-V-listed Stellar Africa Gold. This relates to Altus selling its 100% interest in Aeos Resources, which, through a Ivorian subsidiary named Aucrest, owns the Prikro and... 

Project launched to bolster Botswana's geoscience data

By: Donna Slater     16th September 2020 Full tensor gravity gradiometry (FTG) data company Bell Geospace and the Botswana Geoscience Institute (BGI) have launched the Mineral Prospectivity Mapping project at the virtual Africa Mining Summit 2020, held on September 15 and 16. The project promotes access to integrated quality geoscience... 

Papillon makes ‘good progress’ in making board changes for Mayflower transaction

By: Simone Liedtke     16th September 2020 London-listed investment company Papillon Holdings nonexecutive director Lord Monson has been appointed nonexecutive chairperson. He succeeds James Longley, who remains CFO and nonexecutive director. 

Lundin Gold receives permit to drill Emperador concession

By: Creamer Media Reporter      16th September 2020 Ecuador-focused Lundin Gold has received an exploration permit for the Emperador concession, which includes the drill ready Barbasco target, where the company plans to start a drill programme in the fourth quarter. The Barbasco target is 3.8 km in length and has a similar structural location and... 

Sipa finds exploration funds

By: Esmarie Iannucci     16th September 2020 Junior Sipa Resources will raise A$2.3-million in a share placement to fund exploration work in Western Australia. The explorer on Wednesday said that it has received firm commitments for the placement of some 32.3-million shares, at a price of 7.2c each, which represented a discount of 17.5% to... 

Mkango's Malawi exploration unearths interesting grades of rutile

By: Donna Slater     15th September 2020 Aim- and TSX-V-listed Malawi-focused rare earth element explorer Mkango Resources reports that the reconnaissance shallow soil sampling and auger programme at its Mchinji licence area has returned interesting grades of rutile plus anatase. The results demonstrate the presence of... 

MegumaGold buys fellow explorer Osprey Gold

By: Creamer Media Reporter      15th September 2020 Explorer MegumaGold has completed its acquisition of Osprey Gold Development, consolidating their respective land packages in Nova Scotia. Former Osprey president Cooper Quinn, and now MegumaGold board member, states that the combined company holds an “excellent” suite of assets, from... 

Blackstone sets A$21m raising target

By: Esmarie Iannucci     14th September 2020 Junior Blackstone Minerals has announced plans to raise more than A$20-million through a share placement and share purchase plan (SPP) to fund ongoing work at the Ta Khoa nickel/platinum group metals project, in Northern Vietnam. The company said on Monday that it had received firm commitments... 

Saturn Metals raises exploration funds

By: Esmarie Iannucci     14th September 2020 Explorer Saturn Metals has raised A$13.7-million through a share placement to institutional and professional investors to fund exploration at its Apollo Hill gold project, in Western Australia. The placement comprised of more than 20.5-million shares, issued at a price of 67c a share under the... 

QRC urges more state investment in mining

By: Esmarie Iannucci     14th September 2020 The Queensland Resources Council (QRC) has called on the state government to commit additional funding from its A$3-billion Covid-19 stimulus package to boost exploration in the region. QRC CEO Ian Macfarlane on Monday said the government’s current Collaborative Exploration Initiative (CEI),... 

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