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More drilling in store for Thorny River project

By: Marleny Arnoldi     Updated 6 hours ago Aim-listed Botswana Diamonds has advised that results from sample analysis on the Thorny River diamond project, based in South Africa’s Limpopo province, will only be available in mid-August. A two-week delay has been caused by Covid-19 issues; however, the company reports that initial... 

Ionic ups drilling effort at Makuutu

By: Marleny Arnoldi     3rd August 2021 ASX-listed Ionic Rare Earths has mobilised a third drill rig at its 51%-owned Makuutu project, in Uganda. The company is undertaking a 5 700 m Phase 4 infill drill programme at the project.  

Altus appoints mining veteran to lead its operations in Egypt

By: Donna Slater     3rd August 2021 Aim- and TSX-V-listed African mining royalty generator Altus Strategies has appointed Mark Campbell as nonexecutive chairperson of its 100%-owned subsidiary Akh Gold. Campbell has also been appointed GM of Altus’ Egypt branch. 

Tertiary’s subsidiary looks to acquire Zambian copper prospects

By: Tasneem Bulbulia     2nd August 2021 Aim-listed Tertiary Minerals announces that its subsidiary Luangwa Minerals has entered into an option agreement with Mwashia Resources to acquire up to a 90% joint venture interest in five large exploration licences in Zambia considered prospective for copper. The agreement covers exploration... 

Orion inks Okiep deal to expand copper reach

By: Donna Slater     2nd August 2021 JSE- and ASX-listed diversified metal explorer and developer Orion Minerals has exercised its exclusive option to acquire a controlling interest in the majority of the properties comprising the Okiep copper project (OCP), in the Northern Cape. In addition to the OCP option acquisition, Orion has... 

Venturex goes underground, changes name

By: Esmarie Iannucci     2nd August 2021 ASX-listed Venturex Resources on Monday unveiled a rebrand, with the company’s base metal assets now to be supported by an underground services arm. MD Bill Beament used the Diggers & Dealers forum to unveil the rebrand, with Venturex now to be called Develop. 

IGO open to more acquisitions

By: Esmarie Iannucci     2nd August 2021 ASX-listed Independence Group (IGO) is still open to nickel, copper and cobalt acquisitions, MD and CEO Peter Bradford said on Monday. Speaking on the sidelines of the Diggers & Dealers conference, he said that the company would evaluate potential acquisition opportunities on a range of... 

Ramelius targets more gold in near future

By: Esmarie Iannucci     2nd August 2021 Gold miner Ramelius Resources has unveiled a new mine plan for its Western Australian assets, which has seen its production targets to 2028 increase by some 27% on the previous plan. The company stated on Monday that it would deliver some 1.84-million ounces across the seven years, at an all-in... 

Poseidon sets A$25m raising target

By: Esmarie Iannucci     2nd August 2021 Nickel developer Poseidon Nickel on Monday unveiled a A$25-million capital raise to fund the start of operations at its Black Swan project, in Western Australia. The ASX-listed company has received commitments to place 200-million new shares, at a price of 11c each, to existing and new... 

Zimplats notes quarterly improvement in output

By: Marleny Arnoldi     30th July 2021 ASX-listed Zimplats’ production of platinum, palladium, rhodium, ruthenium, iridium and gold (6E) platinum group metals (PGMs) for the quarter ended June 30, increased by 12% quarter-on-quarter, but decreased by 5% year-on-year,. Specifically, the company produced 70 688 oz of platinum, 59 544... 

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