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Exploration News
Alamos intersects new style of mineralisation at Young-Davidson
By: Creamer Media Reporter Updated 4 hours ago Canadian gold miner Alamos has intersected a new style of higher grade gold mineralisation in zones within the hanging wall of its Young-Davidson mine. These zones, located between 10 m and up to 200 m south of existing infrastructure and mineral reserves and resources, highlight the upside... →
Gold Fields to earn into Killi’s West Tanami project
By: Creamer Media Reporter Updated 5 hours ago Exploration junior Killi Resources has announced an option and joint venture (JV) agreement with global miner Gold Fields, which has agreed to spend up to A$13-million for an 85% interest in the West Tanami project, in Western Australia. Killi CEO Kathryn Cutler said that the partnership with... →
Future Metals secures EIS grant for Eileen Bore drilling
By: Creamer Media Reporter 14th May 2024 Exploration company Future Metals has been awarded A$180 000 under the Western Australian government’s exploration incentive scheme (EIS) to conduct drilling at the Eileen Bore prospect. Situated about 20 km from Future’s Panton project, in the East Kimberley region, Eileen Bore is an advanced... →
Lexington renews Jelani prospecting right to 2026
By: Darren Parker 13th May 2024 Aim-listed Lexington Gold has announced that the prospecting right owned by Jelani Resources has now been formally renewed until May 29, 2026. This follows on the back of announcements made on May 15 and September 7 last year regarding Lexington’s acquisition of White Rivers Exploration (WRE). →
De Jager to lead Surefire as next CEO
By: Creamer Media Reporter 13th May 2024 Perth-based explorer Surefire Resources has appointed Jan de Jager as CEO. De Jager has more than 25 years’ experience across operational, finance, commercial, strategy and business development roles and has held senior leadership roles in AVZ Minerals, Covalent Lithium, Roy Hill and Xstrata... →
Miners seek exemption from Canadian tax hike to save equity deals
By: Bloomberg 13th May 2024 Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains taxes, warning the hike will make it harder for junior miners to raise money to find new mineral deposits. Finance Minister Chrystia Freeland’s new budget includes a measure to... →
South Deep, Rietberg, mineral exploration make headlines 
10th May 2024 Mining Weekly Editor Martin Creamer discusses developments around Gold Fields’s potential wind energy project at the South Deep Gold Mine; Copper360's Rietberg underground copper mine opening three months ahead of schedule; and South Africa’s economy can benefit quickly from getting mineral... →
Aurion opts out of right of first refusal for Finland JV with B2Gold
By: Mariaan Webb 10th May 2024 Canadian exploration company Aurion Resources has elected not to exercise its right of first refusal (RoFR) to acquire a 70% interest from joint venture (JV) partner B2Gold in their Finland venture. In March, B2Gold informed Aurion of an offer from Rupert Resources to acquire its 70% interest in... →
Caprice ventures into West Arunta with project acquisition
By: Creamer Media Reporter 9th May 2024 Perth-based Caprice Resources on Thursday announced plans to acquire a project in the West Arunta region of Western Australia. Spanning over 1 479 km2, the Bantam project comprises four contiguous tenements, strategically positioned adjacent WA1 Resources’ site that hosts the Luni niobium/rare... →
BHP and Ivanhoe Electric join forces for a US copper hunt
By: Mariaan Webb 9th May 2024 Toronto-listed Ivanhoe Electric has announced an exploration alliance agreement with the top diversified miner BHP, targeting copper and other critical minerals in the US. The alliance will explore six mutually agreed areas of interest over 3 655 km2 in Arizona, New Mexico and Utah. →
Sovereign reports ‘excellent’ graphite testwork results
By: Darren Parker 8th May 2024 ASX- and Aim-listed Sovereign has reported “excellent” results from graphite testwork completed at multiple independent laboratories in Australia, Canada and South Africa using a conventional flowsheet that was consistent across all laboratories. The company believes this confirms its ability to... →
Khan project exceeding Madison CEO’s expectations
By: Darren Parker 8th May 2024 Uranium exploration and development company Madison Metals CEO Duane Parnham has said the latest findings from the company’s Khan uranium exploration project at Madison West, in the Erongo uranium province of Namibia, have exceeded expectations. “We are on the cusp of something remarkable,” he... →
Australia to spend A$566m on mapping out resource deposits
By: Mariaan Webb 8th May 2024 Australian Prime Minister Anthony Albanese has announced an investment of A$566-million over the next decade to bolster geoscientific research across the nation. The Geoscience Australia-led initiative, welcomed by industry bodies such as the Minerals Council of Australia (MCA) and the... →
South Deep gold output well down as Gold Fields implements recovery plan
By: Martin Creamer 7th May 2024 With first-quarter gold production down 34% at South Deep gold mine, Gold Fields is focusing on setting up the well-endowed long-life Gauteng operation for longevity, quality ounces and sustainable production increases. The challenging quarter of the bulk mechanised mine near Westonaria, west of... →
Arrow’s Simandou North drilling off to a promising start
By: Mariaan Webb 7th May 2024 Australian junior Arrow Minerals as hit the ground running at its Simandou North deposit, in Guinea, uncovering high-grade mineralisation in the area during the initial stages of drilling. The first five holes, totalling 328 m of drilling, have yielded strong results, with assays including... →
Copper 360’s underground copper mine set to open three months ahead of schedule
By: Martin Creamer 6th May 2024 Last month copper mining company Copper 360 surprised on the upside by producing its first copper concentrate from surface material well ahead of schedule. Now, this month, it is doing the same on the underground mining front in that it will be opening its Rietberg underground copper mine three... →
Orion Minerals in final stages of Okiep acquisition
By: Darren Parker 6th May 2024 ASX- and JSE-listed Orion Minerals has reached the final stages of its acquisition of a controlling interest in the Okiep copper project, located about 570 km north of Cape Town in the Northern Cape. Strategic funding partner the Industrial Development Corporation of South Africa (IDC) has now... →
Hot Chili arranges nearly A$30m for Chile copper project
By: Creamer Media Reporter 6th May 2024 ASX-listed copper miner Hot Chili has arranged about A$30-million in funding to accelerate its Costa Fuego copper project, located in the coastal range of Chile. The company, which also trades on the TSX-V, arranged a A$24.9-million private placement to institutional and professional investors... →
Value creation, exploration, Harmony Gold projects make headlines
3rd May 2024 Mining Weekly Editor Martin Creamer discusses Barrick's recently revealed first quarter results where discovery and development were punted as the true drivers of value creation in mining; South Africa’s struggling economy, which could benefit relatively quickly from getting exploration going at... →
Canadian junior kicks off exploration programme in Bougainville
By: Creamer Media Reporter 3rd May 2024 Island Passage Development Canada Limited (IPDC) has announced the initiation of a large-scale mineral exploration programme on Bougainville island, marking the first major exploration effort since the signing of the 2001 Peace Accord between Papua New Guinea and Bougainville. The programme,... →
Discovery, development are mining’s only true value creation drivers, Barrick highlights
By: Martin Creamer 2nd May 2024 Discovery and development are the only true drivers of value creation in the mining industry, Barrick president and CEO Dr Mark Bristow highlighted on Wednesday, when this standout gold and copper mining company once again declared a dividend in reporting its first quarter results that position... →
Thor reports lower revenue, profits for 2023
By: Darren Parker 29th April 2024 Gold mining and exploration company Thor Explorations has reported a $24-million year-on-year decrease in revenue from $165.2-million in 2022 to $141.2-million for the year ended December 31, 2023. Thor operates the Segilola gold mine, in Nigeria, and also holds several mineral exploration... →
Conference drives mining innovation, skills
By: Halima Frost 26th April 2024 The second yearly Mind Shift Conference, hosted by industry association Mining Equipment Manufacturers of South Africa (Memsa), will delve into innovation, digital technology and skills in the South African mining supply chain. This year’s event will be held from May 15 to 16 at a new location –... →
Scanner finds copper-rich mineralisation
By: Nadine Ramdass 26th April 2024 Mining technology provider Veracio’s TruScan core scanning system has facilitated the generation of geological insights instrumental to discovering diversified explorer and developer Foran Mining’s Bridge target zone, which is adjacent to Foran’s McIlvenna Bay copper development project, in the... →
Focus on programmes driving tech development
By: Halima Frost 26th April 2024 The five mining technology research programmes of the Mandela Mining Precinct (MMP) have garnered much attention and have, thus far, yielded positive results, pointing to “great future potential”, reports MMP director Julie Courtnage. In celebrating the MMP’s fifth anniversary, she tells Mining... →
Anglo pleased with copper's first-quarter performance
By: Martin Creamer 23rd April 2024 Copper production increasing by 11% as Quellaveco achieved its highest plant throughput rate in Peru, and Collahuasi and El Soldado in Chile benefitting from higher copper grades were among the first-quarter performance aspects that pleased diversified mining company Anglo American in the three... →
Canada's planned capital gains tax hike may choke mining startups, dealmakers say
By: Reuters 23rd April 2024 Canada's capital gains tax hike for wealthy individuals and corporations in last week's federal budget risks turning away investments from mineral exploration by reducing incentives, the country's leading stock exchange operator and dealmakers told Reuters. Prime Minister Justin Trudeau's... →
Rich copper intercept in N Cape sends Orion’s shares soaring on Australian exchange
By: Martin Creamer 22nd April 2024 The richness of South Africa’s copper assets were emphasised on Monday when Northern Cape mine developer and explorer Orion Minerals published a standout intercept that sent its shares rocketing up 58% on the Australian Stock Exchange (ASX). Orion, headed by CEO Errol Smart, is primarily listed... →
US restricts drilling and mining in Alaska wilderness, angering state leaders
By: Reuters 19th April 2024 The Biden administration on Friday took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the US reliant on foreign resources. The measures are aligned with President Joe Biden's efforts to rein in oil and gas... →
Acquisition to boost tunnelling offering
19th April 2024 In an effort to drive efficiency and safety across mining and tunnelling operations, mining product and systems developer DSI Underground SMART, a wholly-owned subsidiary of DSI Underground, completed the acquisition of virtual reality training specialist Edvirt in February. Edvirt provides... →
Driller foresees revenue boost with strong order book
By: Halima Frost 19th April 2024 Boring and drilling services provider Master Drilling is optimistic its revenue for this year will improve on the back of a strong order book, the company reported during its 2023 full-year results presentation, held last month. Master Drilling COO Roelof Swanepoel reported that the company’s... →
Equipment mobilised to prospect Cameroon target
19th April 2024 West Africa-focused explorer Oriole Resources has mobilised drilling equipment to explore its 82.2%-owned Bibemi orogenic gold project, in Cameroon, where a Phase 5 diamond drilling programme is planned for the second quarter of this year. Historically, the company reported a pit-constrained... →
Centamin confident of increasing production in the quarters ahead
By: Sabrina Jardim 18th April 2024 LSE- and TSX-listed gold miner Centamin reports that the scheduled processing of lower-grade ore from the Sukari openpit, alongside the planned underground ventilation upgrades and mill maintenance during the quarter ended March 31 contributed to slightly lower production year-on-year. The... →
Lotus advances process optimisation work ahead of Letlhakane mine development
By: Marleny Arnoldi 17th April 2024 ASX-listed Lotus Resources has developed a detailed initial programme of work to maximise the potential of its Letlhakane uranium project, in Botswana. The company is working to update the project’s mineral resource model and is undertaking studies to determine the potential of upgrading the... →
Shanta reveals ‘encouraging results’ for West Kenya exploration project
By: Darren Parker 16th April 2024 Aim-listed gold producer Shanta Gold has revealed “encouraging results” in an exploration update for the West Kenya project, in Kenya, for the fourth quarter of last year and the first quarter of this year. “At Ramula, the 2 911 m of assays reported today should allow us to convert inferred... →
GSSA to host West Coast Diamonds event, excursion in May
By: Marleny Arnoldi 16th April 2024 The Geological Society of South Africa’s (GSSA’s) Northern Cape branch will host a West Coast Diamonds event and excursion on May 17 and 18, in the Northern Cape. The event will be hosted at the Country Club Lodge, in Port Nolloth, and feature speakers from Paleostone Mineral Consultants and... →
Emerald declares Bullseye offer final
By: Creamer Media Reporter 12th April 2024 Explorer and developer Emerald Resources has declared its takeover for Bullseye Mining as “best and final”, stating that it will not increase its offer. Emerald has a 78.26% equity position in Bullseye, of which 76.73% is not subject to withdrawal rights. →
Winsome discovers new lithium zone outside Adina resource
By: Creamer Media Reporter 12th April 2024 Australia-listed Winsome Resources has discovered a new zone of high-grade mineralisation about 200 m outside the current 59-million-tonne resource at its Adina project, opening up the potential scale of its lithium deposit in Quebec. Results from AD-24-170, drilled to the south-west of Adina... →
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