#Exploration and development company Royal Road Minerals signed a binding letter of intent with carbomine SARL to acquire 100% of the #LallaAziza mining license. The agreement involves an initial payment of USD 50,000 and a 120-day exclusive exploration period, with potential for drilling. If Royal Road Minerals proceeds with the acquisition, they will pay 1.5 Mln dollars and additional payments tied to project milestones. The Lalla Aziza underground copper mine is located near #Marrakech and operates with a cut-off grade of 2.5% #copper. The exploration company plans to begin mapping and sampling by early 2025, aiming to identify drill targets in the mineralized area. #mining #minerals #economy
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Andrada’s portfolio of critical minerals assets includes the Uis mining licence which hosts poly-metallic pegmatites enriched in lithium, tin, tantalum, and rubidium. Following the recent completion of the Brandberg West drill programme, our exploration team has commenced validation drilling of the proximal pegmatites around the Uis processing plant. This aligns with Andrada’s medium – term objective to increase the resource classification to measured and indicated in line with the V1V2 operational pit. The programme comprises a comprehensive 9000 metre programme of a combination of diamond drilling and reverse circulation holes. The increased tin resource will align with the planned tin production expansion of 2,600 tonnes of tin concentrate per year. #Mining #Minerals #Exploration
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Argonaut recently released a research report on Wia Gold, providing an updated mining scenario for Kokoseb, incorporating our recent drilling. “Argonaut’s updated mining inventory for Kokoseb totals 39Mt at a diluted head grade of 1.2g/t Au for a total of 1.49Moz. Kokoseb is still in the discovery drill out phase – we estimate a minimum 20-30% increase to this mining inventory based on unconstrained economic drill intercepts. Argonaut models a largescale open pit development scenario for Kokoseb with 172Koz/pa operation over an 8- year mine life with estimated production commencing mid-CY28. In the first five years of production, our mining inventory includes an average mined grade of 1.34g/t Au with a 6.2 strip ratio. This enables low ASIC of A$1409/oz and provides a short payback period on capital invested. Our base case assumes a 5Mtpa processing plant that maximises NPV and to utilise additional mining inventory as Kokoseb grows. We also model a 3Mtpa scenario which returns similar financial metrics but with lower pre-production capex estimates.” Read the full report here: https://bit.ly/48JJF9S #WIA #Gold #Africa #Exploration #ASX
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Ministry of Mines Launches Second Tranche of Auction of Critical and Strategic Minerals. 18 Critical Mineral blocks spread across Eight States to be Auctioned; 17 blocks for Composite Licence and One Mineral Block for Mining Lease. #criticalminerals #auction #miningindustry #battery #minerals
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Check out our article "The Regulation of Professional Engineering and Geoscience in the Northwest Territories is Changing" on pages 36-37!
Now available, the 2024 issue of North of 60 Mining & Exploration Review! North of 60 highlights mining and exploration activity in Canada’s northern territories. The 2024 issue features stories from Agnico Eagle Mines Limited, Baffinland, New Break Resources Ltd., Gold Terra Resource Corp, Cascadia Minerals Ltd., Osisko Metals Incorporated, Blue Star Gold Corp, Mining Industry Human Resources Council (MiHR), Saskatchewan Research Council (SRC), Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists (NAPEG), Burgex Mining Consultants, Prospectors & Developers Association of Canada (PDAC), and more! Click the link below to read the latest issue! https://lnkd.in/e_huvMRx . . . . . #yukon #nwt #nwtmining #northerncanada #yellowknife #whitehorse #nunavut #northwestterritories #mining #canadamining #miningnews #northernminingnews
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**Hochschild Mining PLC’s #MaraRosa #gold mine begins commercial production** - Hochschild Mining has started commercial production at its Mara Rosa gold mine in Brazil, expected to produce 83,000–93,000oz of gold annually. - The Mara Rosa #processingplant operates at nearly 90% of its 7,000 tonnes per day capacity, achieving over 80% average recoveries in May. - Hochschild anticipates completing the ramp-up process in the first half of the year, boosting gold output in the second half of 2024. - Mara Rosa marks Hochschild's first venture in Brazil, located in the #Goias state, and is expected to contribute to the company’s portfolio with lower production costs and potential for resource expansion. - Hochschild has also secured an option to fully acquire the Monte Do Carmo gold project in Tocantins state, which could further enhance their growth with additional low-cost operations. #mines #mining #rawmaterials #decarbonisation #mineralexploration
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🚨 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭 🚨 𝐌𝐢𝐧𝐢𝐧𝐠 𝐏𝐞𝐫𝐦𝐢𝐭 𝐈𝐬𝐬𝐮𝐞𝐝 𝐟𝐨𝐫 𝐁𝐥𝐞𝐬𝐛𝐞𝐫𝐠 𝐌𝐢𝐧𝐞 1️⃣ #MARU, is pleased to confirm that its wholly owned South African subsidiary Southern African Lithium and Tantalum Mining (Pty) Ltd has been awarded a Mining Permit by the South African Department of Mineral Resources and Energy for its Blesberg Lithium and Tantalum Mine 2️⃣ The Mining Permit, which is valid for a period of two years until 24 May 2026 and extends over five hectares, allows for development and open pit mining of lithium, tantalum and niobium ores and feldspar at Blesberg, and is in addition to the already approved stockpile re-processing operations. 3️⃣ The Mining Permit allows for the Company to progress these open pit mining and development activities whilst the DMRE completes its approval process for the Mining Right application that has been accepted by the DMRE and which was previously announced by the Company on 20 March 2024. 4️⃣ #MARU is now proceeding with initial surface development work and clearance activities, and will then look to commence the planned open pit development and conventional open pit drill and blast and load and haul mining operations 5️⃣ The Company is in the process of appointing a local mining contractor for this development work and the associated open pit mining activities and this is expected to be completed in the current quarter. View RNS 📃➡ https://lnkd.in/dU9DuhGb #MARU #Mining #BatteryMetals #Sustainability #InvestAfrica #SouthAfrica #Lithium
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The Mining and Exploration News in Mexico: Highlights on the Fourth Week of November 2023 During the 47th week of the year (November 19th to November 26th, 2023), companies working in Mexico posted 22 news releases. Four companies reported exploration advances on their properties, three companies released Q3 2023 reports, one on metallurgical test results and one more on new concentrate production. One company announced the repurchase of part of its shares, one a financing round, one an incentive warrant program and one more the payment of dividends. One company released drilling results from a past producing mine, and one other filed a technical report on its property. One company reported on the acquisition of additional land adjacent to its mining operations, and two more on the appointment of directors. ON MEXICO ISSUES, the country has attracted US$2,737 M of direct foreign investment ......... Due to space constraints, please see details at: https://lnkd.in/eBsC-t2B On the image below: Quartz-specularite vein in a Sonoran Desert project. Picture by Jorge Cirett. #Mexico #MineralExploration #Minerals #Exploration #Gold #Silver #Copper #Lead #Zinc #Mining #Drilling
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💯 Guinea is booming at the moment 💪💪 This is another excellent piece of news for the country. A country rich in Bauxite and Gold, coupled with talented mining professionals, it's a recipe for success. Is there another country with project pipeline this country currently has? Add in: - Bankan Gold Project Predictive Discovery - Kouroussa Gold Hummingbird Resources plc - Siguiri Gold AngloGold Ashanti - Lola Graphite SRG (TSXV:SRG) - Kiniero Gold Project Robex Gold - Kada Gold Project Asara Resources Limited Looking like a Massive 2024 for the commodity rich country💥👊 #guineamining #guinea #miningnews #mining #miningafrica
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AuKing Mining Limited (ASX:AKN) is hopeful for a swift resolution to a competing licences issue at Manyoni Uranium Project in central Tanzania, after a recent meeting took place in Dodoma with senior Ministry of Minerals officials. The Tanzanian Mining Commission was expected to release a decision in June in relation to AuKing’s two paid-up Manyoni prospecting licences, which it had revoked. In February last year, the company received notification that the two licences had been revoked by the Commission due to a system malfunction that led to double allocation of mineral rights over the same areas. There had been no prior indication to AuKing that such revocation notices would be issued. Another Tanzanian company unrelated to AuKing or 92U, Galo Capital, was then issued with the prospecting licences on February 3, 2023, over the same area covered by the two AuKing Manyoni licences. More at #Proactive #ProactiveInvestors #ASX #AKN #Gold #Mining #Tanzania #PreciousMetals http://ow.ly/5P7E105zLTG
AuKing Mining leaders meet Tanzanian officials in bid to resolve Manyoni competing licence claim
proactiveinvestors.com.au
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Ora Banda Mining Ltd (ASX:OBM) is on track to deliver the first stoping ore next month from the Riverina Underground operations in Western Australia with all capital projects complete and steady-state production expected in the June quarter. Development is ramping up as additional levels are accessed, with 575 metres in January representing a 97% increase from the July-December average of 292 metres. Pointing to a positive future, the first batch sample of Riverina development ore through the processing plant returned 16,727 tonnes at 2.74 g/t #gold and 93.9% recovery resulting in 1,383 ounces gold produced. More at #Proactive #ProactiveInvestors #ASX #OBM #GoldMining #GoldStocks #GoldProduction http://ow.ly/zhTf105gZPk
Ora Banda Mining on track for first stoping ore in March and commercial gold production next quarter
proactiveinvestors.com.au
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