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Anova buys Warriedar gold project

By: Esmarie Iannucci     16th August 2022 Junior Anova Metals has struck a deal with fellow listed Red Dirt Metals to acquire the Warriedar gold project, in Western Australia. Anova will acquire the project for an up-front acquisition price of A$1.2-million, which will be satisfied through the issue of 100-million of its own shares, at... 

Ivanhoe swings to second-quarter profit

By: Donna Slater     15th August 2022 TSX-listed diversified miner Ivanhoe Mines recorded a profit of $5-million for the second quarter of the year, up from a loss of $108.6-million for the same period of 2021. The profit in the period includes Ivanhoe Mines’ share of profit and finance income from the Democratic Republic of... 

Arc begins maiden exploration drilling programme in Botswana

By: Tasneem Bulbulia     15th August 2022 Aim-listed Arc Minerals has announced the start of its maiden exploration drilling programme at its Virgo project, in Botswana. This maiden drill programme is designed to test geochemical anomalies identified in the Virgo licences located within the highly prospective Central Structural Corridor... 

Caracal reports continued progress at Kilimapesa project

By: Darren Parker     15th August 2022 LSE- and FSE-listed Caracal Gold has reported solid progress in the development of its Kilimapesa gold mine and processing operation, in Kenya, during the quarter ended June 30.  Exploration on the Kilimapesa Hill Deposit (KHD), which began in December last year, culminated in an updated mineral... 

Podium completes entitlement offer

By: Esmarie Iannucci     12th August 2022 ASX-listed Podium Minerals has raised A3.9-million from a targeted A$4.6-million in non-renounceable entitlement offer, offering one new share for every 15 shares held. The company in July launched a A$6.6-million capital raise, which consisted of a A$2-million share placement and the... 

Calidus raises cash for lithium and gold hunt

By: Esmarie Iannucci     12th August 2022 Gold miner Calidus Resources will raise A$20-million in a share placement to fund lithium and gold exploration work, and to ramp up activities at its Warrawoona gold project. The ASX-listed miner said on Friday it had received firm commitments from professional and sophisticated investors for... 

Hybrid model helps work-life balance

By: Sabrina Jardim     12th August 2022 Restrictions imposed during the Covid-19 pandemic made it difficult for women working in the mining industry to maintain a work-life balance. As a result, industrial and mine site automation solutions provider Gilbarco Veeder-Root introduced a permanent hybrid work model to enable its employees –... 

Updated PureGold resource reported

By: Creamer Media Reporter      11th August 2022 TSX-V and LSE-listed Pure Gold Mining has updated the mineral resource estimate for its namesake mine near Red Lake, Ontario. PureGold has a resource of 1.65-million ounces at 7.4 g/t within 6.9-million tonnes in the indicated mineral resource category and 0.37-million ounces at 6.3 g/t in... 

Centerra Gold shares fall on Öksüt woes, production outlook slashed

By: Mariaan Webb     11th August 2022 Toronto-listed Centerra Gold’s share price tumbled nearly 22% on Wednesday, as the company lowered its 2022 production outlook following the suspension of certain operations at the Öksüt mine, in Turkey. Gold room operations at ADR plant at Öksüt have been suspended since early March, owing to... 

Santos buys pipeline for Narrabri

By: Esmarie Iannucci     11th August 2022 Oil and gas major Santos on Thursday announced the acquisition of Hunter Gas Pipeline, which owns an approved underground gas pipeline route from Wallumbilla in Queensland to Newcastle in New South Wales. The underground pipeline route passes close to Santos’ Narrabri gas project and the... 

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