Desert Gold Ventures Inc.’s Post

Desert Gold is initiating a PEA to determine the viability of mining oxide and transition mineral resources at its Barani East and Gourbassi West gold deposits. Company CEO Jared Scharf commented, "Management believes that gold in the oxidized portion of the Barani East and Gourbassi West Deposits can be profitably extracted. As such, a PEA has been initiated. If the PEA confirms our initial assumptions, work will be carried out to advance the project towards production. Assuming mining is initiated, the Company's goal will be to use the free cash flow to fund ongoing exploration at our SMSZ Project." Mr. Scharf also commented, "With so many oxide targets on such a large property package, management believes there is significant merit in designing a mobile plant and camp that could be moved from one deposit area to another so that the Company can take advantage of the oxide facies gold mineralization that caps most of the deposits on our property and in the region. The Company's core objective remains the development of a tier 1 gold project through targeted exploration. We believe both initiatives, mining, and exploration, can be run concurrently." $DAU.V $DAUGF https://desertgold.ca #Mali #mining #exploration #gold

The Africa Down Under Conference closes today and has offered enormous insight into the challenges of exploring and mining in Africa, as well as the successes. This was the 22nd edition of Africa Down Under (ADU) which was first launched to raise awareness of Australia’s interests in African #mining and #energy.  The three-day meeting has evolved to become the largest African-focused mining event held outside the continent itself, which is reflected by the number of high-profile participants who attend each year.   Over the past 12 years, the mining sector has played a pivotal role in driving economic development in the Republic of Côte d'Ivoire, with ongoing exploration yielding results across a range of commodities, including #gold, #IronOre, #nickel, #cobalt, #copper, #bauxite and #manganese. More at #Proactive #ProactiveInvestors #MiningAfrica #MiningAustralia #AfricaDownUnder #SustainableMining http://ow.ly/obrO105HQj7

Africa is losing its shine in the global mining investment race! 🚨💎🌍  Discover the challenges and factors causing a decline in mining investments across the continent and explore potential solutions to regain Africa's competitive edge. Don't miss this critical analysis: https://lnkd.in/dYmfvN-6 #MiningInvestment #Africa #GlobalMining #EconomicChallenges #BotswanaMiningReview

#industrynews On August 7, Saudi Arabia's Ministry of Industry and Mineral Resources announced a competitive bidding process for seven mining exploration licenses. These licenses will cover approximately 1,000 square kilometers and are focused on areas rich in valuable minerals such as gold, silver, copper, lead, zinc, and cobalt, with key sites including Umm Qasr and Jebel Sabha. This initiative is part of the Exploration Enablement Program under Vision 2030, which aims to tap into Saudi Arabia's substantial mineral wealth, estimated at SR9.3 trillion (around $2.48 trillion). Bidders are required to submit their proposals by early September 2024, and the winners will be announced later that same month. The evaluation process will place significant emphasis on technical expertise, accounting for 70% of the selection criteria, while community contributions will make up the remaining 30%. To attract investors, the program offers new incentives including financial support, 100% foreign ownership, and funding opportunities from the Saudi Industrial Development Fund. More information can be found on the ministry's mining platform. Take a look at the The Mining Show prospectus here: https://lnkd.in/eeKC8-97 #TheMiningShow Read the full article by Arab News here 👇 https://lnkd.in/evkWRxTa

B2Gold strikes gold - again B2Gold Corp., owner of the Otjikoto gold mine in Namibia, says the initial inferred mineral resource estimate for the Springbok Zone indicates a total of 390 000 ounces of gold, or about 11 tonnes. The Springbok Zone is located in the recently discovered Antelope deposit about 3 km south of the Otjikoto Phase 5 open pit at the Otjikoto Mine. Springbok’s estimate meets the B2Gold threshold to initiate preliminary economic assessment (PEA) studies of development by underground mining methods, similar to the Wolfshag deposit, the group said today. “Subject to receipt of a positive PEA study and permit, mining of the Springbok Zone, coupled with the exploration potential of the greater Antelope deposit, could begin to contribute to gold production at Otjikoto in 2026,” B2Gold said. The group’s exploration budget for Namibia for this year is US$9 million, nearly N$163 million at the current exchange rate. This will fund B2Gold’s largest drill programme at the Otjikoto Mine since the definition of the Wolfshag discovery in 2012. #namibia #mining #exploration #gold #b2gold

One week ago, Global Business Reports (GBR) unveiled its latest Mining in Africa Country Investment Guide (MACIG) at the Investing in African Mining Indaba in Cape Town.   A decade after launching the first MACIG, the 2024 edition still spans thousands of kilometers, over 150 interviews, and a dozen country profiles to paint the most comprehensive picture of a complex and fundamental continent for global mining.    The world is hungry for African minerals. The high gold price and the demand for minerals critical to the success of the energy transition offer unprecedented opportunities for the socio-economic development of the Mother Continent. With this, leaders in Africa are determined to see value in benefiting local stakeholders.   As Africa moves away from a purely extractive-based model to an integrated one, GBR visited North, West, Central and Southern Africa to assess the progress and to understand the opportunities and challenges that lie therein. We would like to particularly thank the ministers, executives, and key players who contributed their insights to the report.   #africa #mining #investment #gold #lithium #copper #cobalt

Saudi Arabia is strategically positioning itself in the global supply chains of lithium as demand for this mineral continues to soar. Additionally the Kingdom's new mineral strategy, recently approved by the Saudi Council of Ministers, focuses on increasing exploration and development of its mining resources, especially those essential for the mining transition. #SaudiArabia #Lithium #Mining #NaturalResources #GlobalSupplyChain

Mining modernization in Egypt

First gold drop from the Endeavour’s BIOX project in Senegal Endeavour Mining announced the successful pouring of the first gold from its Senegal mine expansion project. The first drop was exploited on April 18. This achievement marks the timely and within-budget completion of the BIOX expansion endeavor. Supported by Egyptian billionaire NAGUIB SAWIRIS, the milestone comes two years after the commencement of construction. Endeavour Mining remains steadfast in its pursuit of meeting its 2024 output guidance, targeting between 1.13 million and 1.27 million ounces of gold. Led by Lawrence Manjengwa, head of operations at Sabodala Gold Operation/Massawa, the expansion is poised for commercial production in the late second quarter. By the third quarter, it is anticipated to reach its nameplate capacity of 1.2 million tonnes per year. Valued at $290 million, the Sabodala-Massawa BIOX expansion marks the fourth successful capital project completed by Endeavour Mining within the past decade. Ian Cockerill attributes this achievement to the exceptional quality of the projects team and the company's competitive edge in West Africa. He has stated that: “this is a testament to the quality of our projects team and the competitive advantage we have in West Africa” While celebrating this milestone, Endeavour Mining is already looking ahead to its next venture, the Lafigué project in Côte d’Ivoire. Anticipated to commence in the coming weeks, this project is poised to be completed a full quarter ahead of schedule. #mining, #miningindustry, #gold, #senegal

Great panel discussion on the role of junior miners in meeting the demand for critical minerals and metals. Some key takeouts from this discussion: - Critical minerals present an opportunity for junior miners to get into mining quicker. - We need clear and certain mining laws; consistency and transparency; regional harmonisation; Governments must incentivise exploration; and there must be clear timelines for the processing of applications for mining titles. - In order to attract investment, junior miners must have quality geological data and valid mining titles and authorisations. These are some of the key considerations that funders will look at when they conduct their due diligences #JuniorIndaba #mining ENS Ntsiki Adonisi