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Mkango celebrates Songwe Hill DFS completion milestone 

By: Schalk Burger     5th July 2022 Rare earth elements mineral exploration and development company Mkango Resources has completed a definitive feasibility study (DFS) for its Songwe Hill rare earths project, in Malawi, which estimates that the company will have to invest $277-million in the project’s development. The TSX-V- and... 

True North Gems to buy stake in James Bay area lithium project

By: Mariaan Webb     5th July 2022 TSX-V-listed True North Gems has organised a subsidiary – to be named Laval Critical Elements – to acquire a 50% interest in the Cyr-Kapiwak lithium project in the James Bay area of Quebec. Laval Critical Elements will buy the project, comprising 42 mineral claims over 2 220 ha, from Lithium One... 

Stavely raises cash for Victorian exploration

By: Esmarie Iannucci     5th July 2022 Junior Stavely Minerals will raise A$4-million in a share placement to fund exploration and resource definition drilling at its copper/gold project in Western Victoria. The ASX-listed company on Tuesday reported that it would place some 26.7-million shares, at a price of 15c each under its... 

Genesis confirms bid for Dacian Gold

By: Esmarie Iannucci     5th July 2022 ASX-listed Genesis Minerals on Tuesday confirmed its growth aspirations in Western Australia, unveiling a recommended takeover offer of gold miner Dacian Gold. Both Genesis and Dacian went into a trading halt at the start of the week, as reports emerged that Genesis had made a takeover offer... 

Billionaire Oppenheimer wins ban on mining at Zimbabwe farm

By: Bloomberg     4th July 2022 Billionaire Nicky Oppenheimer, South Africa’s second-richest man, won a court order to temporarily halt mineral exploration on his private family ranch in Zimbabwe. Pearline Mineral Exploration must cease any mining activities on the 65,000-hectare (251-square mile) Shangani Ranch, according to a... 

Osisko’s Gaspé copper project option extended

By: Mariaan Webb     4th July 2022 TSX-V-listed Osisko Metals’ option to acquire the Gaspé copper project from Glencore Canada has been extended to the end of the week, the company announced on Monday. Osisko in March announced the option to acquire the past-producing eastern Quebec copper mine, and said at the time that it had... 

Alara forms JV to bid for Saudi zinc-copper exploration licence

By: Darren Parker     4th July 2022 ASX-listed metals explorer and developer Alara Resources is hopeful that it will return to Saudi Arabia, announcing on Monday that it had formed a joint venture (JV) to bid for the award of a 353 km2 exploration licence that includes the company’s former Khnaiguiyah zinc-copper project. Alara... 

Firering increases stake in Côte d'Ivoire project to 77%

By: Tasneem Bulbulia     4th July 2022 Aim-listed Firering Strategic Minerals has increased its stake in its flagship Atex lithium/tantalum project, in Côte d'Ivoire, from 51% to 77%. The company has acquired 10% of the issued shares in Atex Mining Resources in exchange for 1.16-million shares in the company with a 12-month lock-in... 

Geophysical interpretations and groundwater development

4th July 2022 With an increasing water demand, water supply remains a continued challenge in daily South African livelihood where specialists are challenged to focus on alternative methods for water resources identification to meet a sufficient demand requirement. With the utilization and interpretation... 

Coda sells Mt Piper to Kalamazoo

By: Darren Parker     4th July 2022 ASX-listed Coda Minerals has agreed to divest its Mt Piper gold project in central Victoria, to fellow-listed Kalamazoo Resources for a consideration package comprising a combination of upfront cash, shares and a future production royalty. Mt Piper was inherited by Coda as part of its recently... 

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