R/€ = 19.2181 Change: 0.0043
R/$ = 17.9670 Change: -0.0011
Au 2321.96 $/oz Change: 0.00
Pt 996.20 $/oz Change: 0.55

Exploration News

Alicanto makes board changes in new growth strategy push

By: Creamer Media Reporter      21st June 2024 Exploration company Alicanto Minerals has made several board and management changes as part of a new growth strategy that will see it review potential project acquisitions. Raymon Shorrocks has moved from nonexecutive chairperson into the role of interim executive chair. With more than 30 years... 

Global gold mining major highlights academic partnership with South Africa’s Fort Hare 

By: Martin Creamer     21st June 2024 The University of Fort Hare, where the offspring of mineworkers were the first graduates, has agreed a R12.5-million, initial ten-year academic partnership with gold mining major AngloGold Ashanti, which no longer mines in this country and is now domiciled in London. Fort Hare is the university... 

University of Fort Hare Vice-Chancellor Professor Sakhela Buhlungu (left) and South Africa President Cyril Ramaphosa.
University of Fort Hare Vice-Chancellor Professor Sakhela Buhlungu (left) and South Africa President Cyril Ramaphosa.

Aton further develops Abu Marawat gold concession with promising results

By: Darren Parker     19th June 2024 TSX-V-listed gold exploration and mining company Aton Resources has recently carried out further sampling and mapping programmes over several regional targets at the company’s Abu Marawat Concession-retained exploration areas in the Eastern Desert of Egypt. This ongoing exploration programme has... 

Infinity Lithium advances San José permitting process

By: Sabrina Jardim     14th June 2024 ASX-listed Infinity Lithium has reported significant progress at its San José lithium project, in Spain. The company has advanced to the next stage of the direct exploitation concession application (ECA) by lodging key project documentation, including exploitation, rehabilitation and restoration,... 

Copper 360 on home straight to produce quite a bit of cash, CEO reports  

By: Martin Creamer     13th June 2024 Copper mining and marketing company Copper 360 is on the home straight to produce quite a bit of cash by financial year end. That was the main takeaway from Mining Weekly’s post-results Zoom interview with the head of the only pure copper play listed on the Johannesburg Stock Exchange (JSE). 

Mining activity at Copper 360.
Copper 360 CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer. Video:Darlene Creamer.

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done has not been enough to change... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Aura raises Tiris uranium resource by 55%

By: Darren Parker     12th June 2024 ASX-listed Aura Energy has increased the mineral resources of its Tiris uranium project, in Mauritania, by 55% to 91.3-million pounds of triuranium octoxide (U3O8), up from the previously reported 58.9-million pounds of U3O8. The mineral resources includes the Tiris East and Oum Ferkik project... 

US BLM approves follow up drilling at Arizona Lithium’s Big Sandy

By: Mariaan Webb     11th June 2024 The US Bureau of Land Management (BLM) has issued Arizona Lithium a permit for a drill and bulk sampling programme at the Big Sandy project, in Arizona. The ASX-listed company is now set to start a long-awaited follow up drill programme at Big Sandy, which currently contains a resource of 320... 

Minerals Council calls for collaborative relationship among govt, labour, civil society and the private sector

By: Creamer Media Reporter      10th June 2024 As political parties discuss the way forward in establishing a government of national unity, the Minerals Council South Africa says it and its members are advocating for a constructive, collaborative and trusting relationship among government, labour, civil society and the private sector to... 

Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council South Africa CEO Mzila Mthenjane

Water pollution, traceability, exploration fund make headlines   

7th June 2024 Mining Weekly Editor Martin Creamer discusses the role that Platinum Group Metal can play against water pollution; traceability in the mining sector and Petra Diamonds progress in this area; and the R400-million junior mining exploration fund.   

Photo of Martin Creamer
Water pollution, traceability, exploration fund make headlines

Bigger attendance expected

By: Halima Frost     7th June 2024 Following the inaugural London Indaba in 2023, event organiser Resources4Africa (R4A) says this year’s conference aims to garner more attention from investors and the global mining sector. Set to be held on June 25 and 26 at the InterContinental Park Lane Hotel, in London, this year’s event will... 

Men and women sitting on a stage in a panel discussion at the 2023 London indaba
PLANNING WITH A PANEL The panel discussions to be held at this year's London Indaba will host industry experts from across the mining sector

Plant upgrade secures long-term operations

By: Simone Liedtke     7th June 2024 The upgrading and relocating of titanium and zircon producer Kenmare Resources’ wet concentrator plant A (WCP A), at its Moma titanium minerals mine, in Mozambique, is aimed at securing long-term production and sustainability, the miner tells Mining Weekly. Kenmare is planning a significant... 

Kenmare's largest mining plant, WCP A, is slated for an upgrade and transition to the Nataka ore zone
UPCOMING UPGRADE Kenmare's largest mining plant, WCP A, is slated for an upgrade and transition to the Nataka ore zone

Peru authorises Barrick to explore mining at southern border

By: Reuters     6th June 2024 Peru's government has authorised miner Barrick Gold to carry out mining explorations in the country's southern border area, the prime minister announced on Wednesday. Peru's constitution requires foreign private investment within 50 km of the country's border to be approved by the Cabinet of... 

Prime Minister Gustavo Adrianzen
Prime Minister Gustavo Adrianzen

Eskay Mining taps P2 team to bolster Golden Triangle success

By: Mariaan Webb     5th June 2024 TSX-V-listed Eskay Mining has entered into a nonbinding letter of intent to acquire fellow junior P2 Gold in a business combination transaction to create a gold and copper explorer focused on the Golden Triangle of British Columbia and Nevada. The combined company will be managed by the team... 

Eskay Mining taps P2 team to bolster Golden Triangle success

First call applications for R400m junior mining exploration fund close July 12

By: Martin Creamer     4th June 2024 The first call applications for the R400-million junior mining exploration fund (JMEF) close on July 12. This was stated on Tuesday in a media release issued by the Department of Mineral Resources and Energy (DMRE), in partnership with the Council for Geoscience (CGS) and the Industrial... 

Need for quick exploration activity.
Unless exploration increases fast, the vital mining economy will shrink.

Oriole reports improved definition of gold anomaly at Mbe in Cameroon

By: Darren Parker     4th June 2024 In an exploration update for its 80%-owned Mbe gold project in the Adamawa region of Cameroon, Aim-listed gold exploration company Oriole Resources said it had managed to significantly improve the definition of previous regional gold-in-soil anomalism at the MB01 prospect. The company has... 

Australia exploration results: It’s costing more to do less

By: Creamer Media Reporter      4th June 2024 Mineral exploration expenditure in Australia reached A$910.4-million in March, figures released by the Australian Bureau of Statistics (ABS) on Tuesday show. Expenditure on greenfield exploration to discover new deposits decreased by 23.1% to A$278.6-million, while brownfield exploration... 

Australia exploration results: It’s costing more to do less

Deep Yellow selects Ausenco as preferred EPCM contractor for Tumas

By: Darren Parker     4th June 2024 ASX-listed Deep Yellow has selected contractor Ausenco Services to deliver detailed engineering and engineering, procurement and construction management (EPCM) services for the company’s flagship Tumas uranium project, in Namibia. It is intended that an EPCM commercial agreements and contracts... 

U3O8 powder

Yukon Metals ready to hit the ground running

By: Creamer Media Reporter      4th June 2024 Exploration newcomer Yukon Metals is ready to hit the ground running, president and CEO Rory Quinn said on Monday, announcing the completion of the acquisition of a portfolio of assets from the Berdahl family’s prospecting company. The property portfolio was built over 30 years of prospecting by... 

Yukon Metals' projects overview
Yukon Metals' projects overview

Kincora secures new unexplored Macquarie Arc porphyry project

By: Creamer Media Reporter      3rd June 2024 Dual-listed Kincora Copper has secured a new exploration licence covering 173 km2 in the Macquarie Arc, in central New South Wales. The Wongarbon project is considered to host one of the last remaining untested and large intrusive complexes of the Macquarie Arc, said Kincora in a statement on... 

South Africa’s ARM completes strategic investment in Canada’s Surge Copper 

By: Martin Creamer     3rd June 2024 South Africa’s diversified mining company African Rainbow Minerals has secured its 15% strategic shareholding in Surge Copper, a Toronto Stock Exchange-Venture Exchange company that is advancing an emerging critical metals district in British Columbia, Canada. Johannesburg Stock Exchange-listed... 

African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe
African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe

Kavango identifies first high-priority copper drilling targets at Karakubis

By: Darren Parker     31st May 2024 The first high-priority targets have been identified for Phase 1 of drilling on London-listed Kavango Resources’ Karakubis copper project, which is situated in Botswana, on the Kalahari Copper Belt (KCB). Specialist geophysical consultant Emergo has completed inversions on airborne... 

Tsolido signs agreement with Red Cloud for liquidity services

By: Darren Parker     30th May 2024 TSX-V-listed Tsodilo Resources has retained Toronto-based financial services company Red Cloud Securities to provide liquidity services to the company. Red Cloud helps mineral exploration and mining companies to access capital markets and enhance their corporate profile. Red Cloud will trade... 

Xtract, Cooperlemon add three more licences to their Zambian copper prospects

By: Darren Parker     30th May 2024 London-listed Xtract Resources has entered into an addendum to restate its existing joint venture (JV) agreement with consulting firm Cooperlemon Consultancy, expanding their joint copper exploration efforts in Zambia. The addendum incorporates three additional large-scale exploration licences in... 

Thor reports higher first-quarter profit, despite lower revenue

By: Darren Parker     30th May 2024 Aim-listed Thor Explorations has revealed a year-on-year decline in revenue but a significant boost in net profit for the first quarter. In its operational and financial review for its Segilola gold mine in Nigeria, as well as for the company's mineral exploration properties in Nigeria and... 

Exploration at Douta
Exploration at Douta

New World secures option on Arizona copper deposit

By: Mariaan Webb     30th May 2024 Copper developer New World has secured an option to acquire a 630 000 t, high-grade historical copper and zinc resource, located in a district of Arizona where the firm is currently actively exploring. The ASX-listed company entered into a five-year option agreement to purchase a 100% interest... 

New World secures option on Arizona copper deposit

Globe says Kanyika capital funding requirements finalised at $46m

By: Sabrina Jardim     28th May 2024 Australia-listed Globe Metals and Mining has reported that capital funding requirements for Phase 1 project development at its Kanyika Niobium project, in Malawi, have been finalised at an estimated  $46-million, inclusive of a 25% project contingency allocation. The company says the Phase 1... 

Madison intersects strong uranium mineralisation at Khan

By: Darren Parker     27th May 2024 Uranium exploration company Madison Metals has reported that reverse circulation (RC) drill hole KM5RC003 at its Khan project, in Namibia, has intersected strong uranium mineralisation over mineable widths under trench area TR003. Spectrometer readings from chip-sample bags returned values as... 

drilling at khan

Panellists discuss graphite demand and rare earth supply chains at Junior Indaba

By: Sabrina Jardim     27th May 2024 With growing demand for electric vehicles, yearly graphite supply needs to be about four times higher in 2030, and about nine times higher in 2040, than at present, owing to its use in energy transition-related products, such as lithium-ion batteries. During a presentation at the Junior Indaba... 

Toubani strengthens its board as it advances Kobada DFS

By: Darren Parker     27th May 2024 ASX-listed Toubani Resources has announced several changes to its board of directors and study management team to drive the delivery of the definitive feasibility study (DFS) for the Kobada gold project, in southern Mali. Matt Wilcox will join the board of directors as a nonexecutive director... 

Perseus gets back to drilling in Sudan as conflict eases

By: Darren Parker     27th May 2024 ASX- and TSX-listed Perseus Mining has restarted drilling work at its Meyas Sands gold project, in Sudan. This initial drill programme, which restarted on May 20, is aimed at testing high-priority exploration targets in the vicinity of the Galat Sufur South (GSS) deposit to follow up other... 

Astute starts drilling campaign at Red Mountain, Nevada

By: Creamer Media Reporter      27th May 2024 Australia-listed Astute Metals has initiated a maiden drilling campaign at its Red Mountain lithium project, in Nevada. “We are excited to be drilling again in Nevada as our lithium growth strategy in North America continues to advance,” commented chairperson Tony Leibowitz. 

Astute starts drilling campaign at Red Mountain, Nevada

South32 strikes Queensland earn-in deal with Hammer

By: Creamer Media Reporter      27th May 2024 Diversified mining company South32 is set to earn into ASX-listed Hammer Metals’ Isa Valley project, in north-west Queensland. Hammer unveiled the earn-in agreement on Monday, stating that South32 has an option to earn an 80% interest in the project and form a joint venture.  

Diamond miner progresses move to underground

By: Nadine Ramdass     24th May 2024 Ahead of its fifty-fifth anniversary, Botswana-based diamond miner Debswana Diamond Company is undertaking an expansion project at its flagship Jwaneng mine, in the south-central part of Botswana, to extend its life-of-mine and generate new value for shareholders, says Debswana deputy MD... 

An aerial image of the Jwaneng openpit mine
MOVING BELOW GROUND Debswana Diamond Company is undertaking an expansion project at its Jwaneng mine to extend the mine's life

AngloGold inks Tanzania farm-in deal with EcoGraf

By: Creamer Media Reporter      23rd May 2024 Gold mining company AngloGold Ashanti has signed a $9-million, five-year farm-in agreement with ASX-listed junior EcoGraf for the exploration of gold at the Golden Eagle project, in Tanzania. Located on the easter-margin of the Archean Lake Victoria goldfields, the Golden Eagle project is in the... 

Madison begins drilling at Namibian uranium project

By: Darren Parker     23rd May 2024 Toronto-based Madison Metals has started its maiden 2024 drill programme at the Khan project at Madison West in Namibia’s Erongo uranium province.  In April, the company announced that it had embarked on a mapping programme ahead of the drill programme, which consisted of infill geological... 

madison drilling campaign at Khan

Green hydrogen must be allowed to decarbonise optimally, Junior Indaba hears  

By: Martin Creamer     23rd May 2024 Green hydrogen must be made cheap enough to decarbonise optimally at a time when the delay in emission reduction needs to be reversed if the world is to hit net zero by 2050. A range of factors need to be aligned relating to policy, technology, the circular economy, social buy-in and primary supply. 

Hugo Pienaar.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Botswana Diamonds expands its land holdings in the Kalahari

By: Chanel de Bruyn     23rd May 2024 Diamond exploration company Botswana Diamonds has been granted four prospecting licences – covering just under 2 332 km2 – in the Kalahari of Botswana. The prospecting licences are in the same general area as Gem Diamonds' Ghaghoo mine, as well as Botswana Diamonds' own KX36 project. 

Botswana Diamonds chairperson John Teeling
Botswana Diamonds chairperson John Teeling
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