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Sayona and Altura refocus on Pilbara earn-in

By: Esmarie Iannucci     Updated 1 hour 41 minutes ago Lithium developer Sayona Mining has affirmed its focus on its Western Australian exploration tenements, particularly those falling within an earn-in agreement with fellow-listed Altura Mining, following a strategic review. Sayona said on Thursday that following a review of its Western... 

Updated DFS at Coburn improves economics

By: Esmarie Iannucci     Updated 1 hour 44 minutes ago An updated definitive feasibility study (DFS) on the Coburn mineral sands project, in Western Australia, has improved the project economics, owner Strandline Resources said. The updated DFS now incorporated binding offtake agreements, technical optimisation work, an updated mineral sands... 

Junior unveils another study for ‘leading’ CuMo project

By: Mariaan Webb     3rd June 2020 TSX-V-listed American CuMo has unveiled its fifth report in 12 years for its copper/molybdenum/silver/rhenium deposit, revalidating the size, scope and potential economics of the project, in Idaho, US. The updated preliminary economic assessment (PEA) was conducted by SRK Consulting (Canada),... 

PTM to raise $2m for Waterberg project

By: Marleny Arnoldi     3rd June 2020 TSX- and NYSE-listed Platinum Group Metals (PTM) plans to undertake a private placement to raise $2-million, through the sale of about 1.4-million shares at $1.40 apiece. An existing major shareholder of the company, Hosken Consolidated Investments, is expected to participate in the private... 

Altona Energy PLC memorandum of understanding with Malawi rare earth mining company

By: Creamer Media Reporter      3rd June 2020 Altona (AQSE: ANR.PL), a mining exploration company, announces that following a period of discussion, it has entered into a Memorandum of Understanding ("MoU") with mining consultancy company, Akatswiri Mineral Resources ("Akatswiri"), to acquire a majority stake in a rare earth mining project in... 

California borates project now fully financed

By: Marleny Arnoldi     1st June 2020 ASX-listed American Pacific Borates (ABR) has completed a placement of A$31.2-million at $0.60 apiece to institutional and sophisticated investors. About half of the placement amount was contributed by an existing international institutional shareholder of ABR.  

Gold M&A back on the agenda as coronavirus restrictions ease

By: Reuters     1st June 2020 A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said. Deals this year have been hobbled by lockdown measures to... 

From field hospitals to ventilator prototypes, South Africa's state of readiness for Level 3 outlined 

By: Terence Creamer     29th May 2020 Cabinet’s economic cluster sought to offer assurances on Friday that significant preparations had been made to facilitate a safe transition to a Level 3 lockdown from June 1, which opens the way for the return to work of eight-million more people. The easing of the lockdown is expected to... 

Raubex divisions see return to profitability

By: Simone Liedtke     29th May 2020 Infrastructure development and construction materials supply group Raubex managed to maintain sufficient capacity to participate in any improvement in the sector, while simultaneously undertaking rightsizing initiatives has seen the company’s roads and earthworks division return to profitability.... 

Katoro to consider potential funding offers

By: Tasneem Bulbulia     29th May 2020 Aim-listed Katoro Gold notes that the recent positive announcement by the Blyvoor joint venture (JV) project’s gold tailing scoping study has resulted in a significant increase in interest from potential funders who may provide the necessary financing to support the construction and development... 

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