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Polymetal announces two transactions

By: Mariaan Webb     Updated 7 hours ago LSE-listed gold miner Polymetal on Tuesday announced two transactions which, when completed, would increase its ownership in the Nezhda and the Prognoz gold properties to 100%. Polymetal has exercised its call option to acquire the remaining 75.3% in the Nezhda property located in north-east... 

Beach production surges after Lattice buy

By: Esmarie Swanepoel     24th April 2018 Oil and gas producer Beach Energy has reduced its expected full-year capital spend from between A$405-million and A$455-million, to between A$370-million and A$400-million. The ASX-listed company said on Tuesday that the tightening of capital spend during the 2018 financial year was as a result... 

First Centenera drill hole hits strong Cu/Au mineralisation at Esperanza

By: Henry Lazenby     23rd April 2018 The maiden drill hole at junior explorer Centenera Mining's Esperanza project, in Argentina, has hit strong copper and gold mineralisation from surface to about 166 m. The Vancouver-based company reported the results of the first 166 m of the 387-m-deep drill hole 18-ESP-025, returning 166 m... 

Ferrum Crescent appoints Spanish consultancy at Toral

By: Creamer Media Reporter      23rd April 2018 European explorer Ferrum Crescent has engaged the services of Spanish consultancy Mining Sense to complement the existing operational team at the Toral lead/zinc/silver project. Led by Mining Sense technical director Jesús Montero, the consultancy team will assist with the preperation of... 

Toro launches Yandal gold project

By: Esmarie Swanepoel     23rd April 2018 Uranium developer Toro Energy has initiated the Yandal gold project, which would see the company undertake gold exploration at its Lake Maitland uranium project, in Western Australia. The company at the end of last week flagged the possibility of hunting for other minerals within its Wiluna... 

IronRidge secures additional exploration rights

By: Marleny Arnoldi     20th April 2018 Aim-listed IronRidge Resources’ joint venture (JV) with Joy Transporters over the Saltpond and Cape Coast projects, in Ghana, has been finalised.  

Interim rig to speed up development at Galantas’ Ireland mine

By: Mariaan Webb     20th April 2018 An interim tunnelling rig at the Omagh gold mine, in Ireland, should accelerate underground development, with the company about ten weeks away from reaching the Kearney vein system. Dual-listed Galantas Gold is developing the underground mine at Omagh, where openpit operations ceased five years... 

Alligator takes full ownership of Beatrice project

By: Esmarie Swanepoel     20th April 2018 Uranium explorer Alligator Energy has struck a deal with Cameco Australia to acquire its remaining 41.65% interest in the Beatrice project, in the Northern Territory, consolidating its own interest in the project. The purchase consideration has been structured with a nominal up-front cost, and... 

Denison outlines more high-grade mineralisation at Gryphon

By: Henry Lazenby     19th April 2018 Uranium explorer and development company Denison Mines has discovered more high-grade uranium ore 600 m and 1 km to the northeast of the Gryphon uranium deposit, on the company’s 63.3%-owned Wheeler River project, in northern Saskatchewan, the company reported on Wednesday. With the 21 153 m... 

Phoenix Global PEA lifts Idaho-based Empire mine output 16%

By: Henry Lazenby     19th April 2018 A preliminary economic assessment (PE) of LSE-quoted project developer Phoenix Global Mining’s historic Empire mine, in Idaho, has outlined a 16% improved production scenario over previous estimates, taking only the openpit copper oxide resource into consideration. The PEA shows an average copper... 

B2Gold’s Fekola update continues to demonstrate potential for larger openpit

By: Henry Lazenby     19th April 2018 Gold producer B2Gold has extended mineralisation at its Fekola mine 1 km to the north, with the positive drill results continuing to indicate potential for a larger openpit operation, that could justify a relatively low capital cost plant expansion from 5.5-million tonnes a year to about... 

Aura targets Sweden battery project listing in H2

By: Mariaan Webb     19th April 2018 Plans are advancing for the separate listing of explorer Aura Energy’s Häggån polymetallic project, in Sweden, with completion targeted for the second half of the year. The company would initially maintain an ownership of 70% to 80% in the vanadium initial public offering (IPO) spin-off, but... 

Drilling continues at Kodal’s Bougouni project

By: Anine Kilian     19th April 2018 Aim-listed Kodal Minerals plans to continue reverse circulation drilling on its Mali-based Bougouni lithium project until the start of the rainy season in June/ July. "We are continuing with the major exploration and definition programme at Bougouni, with multiple key activities happening in... 

TSR finds good gold mineralisation at Djibouti project

By: Marleny Arnoldi     19th April 2018 Phase 2 drilling at Thani Stratex Resources’ (TSR’s) Pandora gold project, in Djibouti, found an “outstanding” intersection of gold on the previously untested Pyrrha vein. 

Acacia reports lower Q1 adjusted net earnings, but maintains FY production target

By: Marleny Arnoldi     19th April 2018 Tanzanian gold miner Acacia Mining reported adjusted net earnings of $7-million for the quarter ended March 31, which is 73% lower than the $26.8-million adjusted net earnings reported for the first quarter of 2017.  

Santos production falls in Q1

By: Esmarie Swanepoel     19th April 2018 Planned maintenance has seen oil and gas major Santos’ first-quarter production decline by 1.2-million barrels of oil equivalent, compared with the previous quarter, to 13.8-million barrels of oil equivalent. The ASX-listed major told shareholders on Wednesday that planned maintenance in Moomba... 

Callinex lifts Nash Creek resources in New Brunswick’s Bathurst Camp

By: Henry Lazenby     17th April 2018 Base metals-focused Callinex Mines has reported a substantial resource increase at the near-surface Nash Creek deposit, in New Brunswick’s Bathurst Mining Camp. The Canadian National Instrument 43-101-compliant indicated resource rose 74% over prior estimates to 963-million pounds of zinc... 

Maiden resource announced at Connemara’s Stonepark JV

By: Creamer Media Reporter      17th April 2018 Irish gold and zinc explorer Connemara Mining has announced a maiden inferred resource estimate at its Stonepark zinc project, in Limerick. The joint venture (JV) project between Group Eleven (76.56%) and Connemara (23.44%) has a mineral resource estimate of 5.3-million tonnes, grading 11.15%... 

W Resources plans to spin off or sell copper and gold assets

By: Mariaan Webb     17th April 2018 European mining project developer W Resources is considering spinning off or selling its copper and gold projects, as it increasingly focuses on its tungsten assets in Spain and Portugal. The company, which is advancing the La Parrilla tungsten mine in Spain, owns the São Martinho,... 

Giyani Metals identifies prospective manganese mineralisation locations in Botswana

By: Marleny Arnoldi     17th April 2018 TSX-listed junior exploration company Giyani Metals Corporation is progressing Phase 1 of its 2018 operational programme in Botswana.  

Galena raises A$9m for Abra advancement

By: Esmarie Swanepoel     17th April 2018 Junior Galena Mining will raise A$9-million through an oversubscribed share placement to new and existing shareholders. Around 58-million new shares will be issued at a price of 15.5c each, with the funds used to advance the Abra lead/silver project, in Western Australia. 

IronRidge to start drilling at Ghana lithium deposit

By: Marleny Arnoldi     17th April 2018 Aim-listed IronRidge Resource has received the necessary approvals and earthworks have started for drill access and drill pads over its Ewoyaa pegmatite deposit, in Ghana.  

Star Diamond’s Saskatchewan projects shine with C$2bn after-tax NPV

By: Henry Lazenby     17th April 2018 The TSX-quoted equity of project developer Star Diamond (formerly Shore Gold) closed in the black on Monday after a preliminary economic assessment (PEA) on its fully-owned Star-Orion South kimberlite projects reported strong metrics. The PEA reported an after-tax net present value on a... 

Glencore releases all-embracing 117-page sustainability report

By: Martin Creamer     16th April 2018 One of the strategic priorities of diversified mining and marketing company Glencore is to invest in community initiatives that deliver sustainable socioeconomic benefits, the London- and Johannesburg-listed company states in today’s 117-page Sustainability Report 2017, which emphasises the... 

Orosur implements cost cutting measures, lowers FY production target

By: Marleny Arnoldi     16th April 2018 TSX- and Aim-listed gold producer Orosur Mining on Monday lowered its production guidance to between 27 000 oz and 30 000 oz of gold, down from the initial 30 000 oz target at its San Gregorio (SG) mine, in Uruguay.  

Rand-Air ‘amps up’ to meet increased demand from customers with major investment in generator fleet

     16th April 2018 Consistent and reliable electrical power supply is an absolute necessity for the smooth functioning of all sectors of industry and modern society today. Over the past few years in South Africa, there has however been growing uncertainty about the reliability of regular AC mains supply. This has... 

Epiroc COP MD 20 rocks the drilling industry

     16th April 2018 Epiroc recently boosted its rock drill portfolio with the introduction of the new COP MD 20. “All the capabilities and features of the COP 1838 HD+ has been optimised in the COP MD20 making it hands down the toughest drill in mining,” says Business Line Manager for Epiroc’s Underground Rock... 

EMP submitted for drilling at Metal Tiger, MOD’s Botswana JV

By: Simone Liedtke     16th April 2018 Aim-listed Metal Tiger on Monday announced that it and joint venture (JV) partner MOD Resources have applied to the Botswana Department of Environmental Affairs for approval for an environmental management plan (EMP) for drilling within the about 697 km2 T20 Dome complex. The EMP for the T20... 

Gorgon Stage 2 gets approval

By: Esmarie Swanepoel     16th April 2018 The Western Australian state government has welcomed a decision by US energy major Chevron to proceed with the second stage of the Gorgon project expansion, off the coast of Western Australia. Premier Mark McGowan said Chevron's subsea development at the Gorgon natural gas project will create... 

South Africa set to play significant role in Congo potash project 

By: Martin Creamer     16th April 2018 South Africa is likely to play a significant role in the development and construction of the large new potash mine and processing plant that is being planned in the Republic of Congo (RoC) at an expected capital cost of $2-billion. Potentially one of the lowest operational cost potash projects in... 

Kun-Manie field engineering campaign to start soon

By: Simone Liedtke     13th April 2018 Exploration and resources company Amur Minerals has completed the restocking and mobilisation of all machinery, spares and supplies needed to complete the 2018 field season at its Kun-Manie nickel/copper sulphide project, in Far East, Russia. The resupply transport effort began on February 15 and... 

Mkango’s feasibility for Songwe Hill under way

By: Natasha Odendaal     13th April 2018 TSX- and Aim-listed Mkango Resources is well positioned to advance its projects following investments by Noble Group subsidiary Talaxis, the exploration and development company outlined in a management discussion and analysis report for the year ended December 31, published on Friday. Mkango is... 

Genesis raises A$5m for exploration

By: Esmarie Swanepoel     13th April 2018 Junior Genesis Minerals will raise A$5-million through the placement of some 156.2-million shares, at an issue price of 3.2c each. The placement will be made to institutional and sophisticated investors, and will be undertaken under Genesis’ existing placement capacity. The new shares will rank... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

By: Nadine James     13th April 2018 While there is no doubt that conglomerate gold has been discovered in the Pilbara, the broader understanding of this style of gold mineralisation in the Pilbara remains incomplete and, therefore, any comparisons with the Witwatersrand (Wits) basin are premature, states SRK Consulting geologist... 

International Frontier partnership spuds first hole at Mexican Tecolutla block

By: Henry Lazenby     13th April 2018 Calgary-based oil and gas developer International Frontier Resources (IFR) announced on Thursday that the first evaluation well, TEC-10, has been spudded at its onshore Tecolutla block, in Mexico, which it is developing in partnership with Mexican joint venture (JV) partner Tonalli Energia. The... 

Tsodilo recovers 101 diamonds during independent diamond classifier

By: Simone Liedtke     12th April 2018 TSX-listed Tsodilo Resources has recovered 101 diamonds, representing 18.57 ct, from samples by an independent and experienced diamond classifier at its BK16 kimberlite project, in the Orapa Kimberlite Field (OKF), in Botswana. The diamondiferous BK16 kimberlite pipe is approximately 6 ha in size... 

Galileo to raise £550 000 for Zambia drilling programme

By: Anine Kilian     12th April 2018 Aim-listed Galileo Resources will raise £550 000 through a share placement to fund a further drilling programme at its Zambia-based Star Zinc project. The 50-million new shares, which will be priced at 0.1p each, have been placed through the company’s broker Novum Securities.  

Vimy to test base metal potential of Mulga Rock uranium project

By: Esmarie Swanepoel     12th April 2018 A review of the Mulga Rock uranium project, in Western Australia, has revealed a potential upside to the project through base metal by-product credits, ASX-listed Vimy Resources reported on Thursday. The company noted that while its January 2018 definitive feasibility study (DFS) confirmed the... 

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