Leon Louw’s Post

Barrick has continued to focus on extending the life of its Kibali gold mine in the Democratic Republic of the Congo (DRC) with world class exploration and resource conversion programs. Recent high-grade discoveries at Barrick Gold’s Kibali mine in the DRC demonstrates the potential for further brownfields exploration and extending the life of mine to more than 15 years. Furthermore, the potential for significant discoveries along what Barrick refers to as the KZ trend, which is within trucking distance of the current Kibali plant, is extremely high. According to Barrick’s most recent presentation, the KZ trend stretches north, north-west of current operations for more than 50km. Furthermore, about 90% of the KZ structure outside the KCD area where current operations are located, remain untested below 150m vertical depth. The exploration maturity at Kibali is low compared to other global gold districts like Yilgarn in Western Australia and the Superior Province in Canada.   According to Barrick President and CEO Mark Bristow, Kibali continues to deliver growth as its strong record of replenishing reserves and resources through exploration, and further investment in technology and capacity, position it to sustain its 750,000 ounces annual production past the current 10-year horizon to 15 years and beyond. Leon Louw Barrick Gold Corporation Image credit: Barrick Gold #whyafrica #whyafricaroadtrips #gold #DRC #goldmine #mining #exploration #whymineafrica #whyexploreafrica #AfricanRoots #100percentafrican      https://lnkd.in/ebgZg-2P

Many Peaks Minerals (ASX:MPK) Advancing Multiple Gold Discoveries in Proven Jurisdictions in West Africa and Australia 🔗 https://bit.ly/4cx9axp Why Many Peaks Minerals? 1⃣  The World Class Birimian Gold Terrane, significant number of discoveries in recent history, and still under-explored 2⃣  Experienced Board and Exploration team with #WestAfrica discovery and project development track record 3⃣  Aggressive explorers with #drilling anticipated to commence in Q2 2024 4⃣  Multiple advanced stage gold #exploration projects in West Africa and Australia with open mineralisation ready for drilling 5⃣  Cote D’Ivoire opportunities to leverage off more than US$4M of previous exploration expenditure and an extensive high-quality database 6⃣  Operating in globally attractive and proven mining jurisdictions with stable fiscal regimes and demonstrated project development capability #gold #goldmining #investing

In the realm of African gold, Predictive Discovery Ltd (ASX:PDI, OTC:PDIYF) is solidifying its presence, tapping into the region's substantial mineral wealth. At the heart of Predictive’s operations lies the 100%-owned Bankan #Gold Project, nestled within Guinea's prolific Siguiri Basin. Encompassing four key tenements across a sprawling 358 square kilometres, this project inherits a legacy from the Siguiri Basin, known for its history of yielding significant gold deposits, as showcased by AngloGold’s Siguiri Mine boasting over 10 million ounces of gold resources. More at #Proactive #ProactiveInvestors #ASX #OTC #PDI #PDIYF #GoldMining #GoldStocks http://ow.ly/SGN5105l1j4

📰✨ The latest issue of Australia’s Paydirt magazine is now available to subscribers!   This month, we feature Malawi’s Minister of Mining, Hon. Monica Chang’anamuno, on the cover as she leads the charge in Africa’s competitive race for investment capital. With governments across the continent focused on strengthening their exploration sectors, Africa Down Under made it clear – exploration is key to building a thriving mining industry.   Don’t miss our in-depth review of last month’s Africa Down Under conference in Perth. Our team covers the hottest explorers, miners, and developers across Africa, highlights key countries attracting investor attention, and unpacks the discussions and debates that took place during Africa Week. With +1,000 delegates from more than 30 countries, it continues to be the biggest event on the Australia-Africa mining calendar.   Also in this issue, gold continues to dominate the M&A landscape. AngloGold Ashanti is expanding its production by acquiring Egyptian miner Centamin PLC, while Newmont Corporation is making waves by selling its Telfer mine in Western Australia to Greatland Gold – a transformational deal for the emerging developer.   We also take a global tour with updates from Vietnam, the US, and Brazil, where St George Mining Ltd has secured a promising new asset next to the world’s largest niobium mine.   Stay informed on all the major developments in mining by subscribing today! 👉 https://lnkd.in/g5SSpFR   #mining #wamining #gold #paydirt #perth

We are pleased to announce the successful completion of our acquisition of an 85% interest in the highly prospective Mumbezhi Copper Project, located in the renowned Zambian Copper Belt. As part of the agreement with Global Development Cooperation Consulting Zambia Limited, we have: 🌟 Transferred total cash consideration of US$5.5 million 🌟 Issued 7,014,590 ordinary shares in Prospect to GDC Our Managing Director and CEO, Sam Hosack, commented: "We have now completed both the purchase agreements struck for the highly prospective Mumbezhi Copper Project. This represents the successful conclusion to Prospect’s commercial unlocking of this previously disputed and potentially world-class copper-cobalt asset.” “The Nyungu deposits at Mumbezhi have all the potential facets of a high-value, long-life, high-margin, open-pittable copper-cobalt mining and processing operation, with regionally favourable metallurgy and significant exploration upside. Zambia is also a leading jurisdiction to explore and develop mining operations in sub-Saharan Africa." “Work to date has confirmed the potential of this project and we are excited to commence initial drilling and metallurgical test work programs during Q3 2024.” Read the full announcement here: https://bit.ly/4bVbope #ProspectResources #PSC #Mining #Copper #MumbezhiCopperProject #Exploration #MiningInvestment #ZambianCopperBelt

#SaudiArabia is inviting local and international investors to participate in a competitive bid for #seven #new #mining exploration licenses. These licenses, announced by the #Ministry of #Industry and #Mineral #Resources on August 7th, cover an expansive area of approximately 1,000 sq. km. This initiative aims to accelerate the exploration and development of the nation's rich mineral resources, estimated to be worth SR9.3 trillion. ▪️The exploration sites are spread across various regions, primarily #Riyadh and #Asir, and are known to contain valuable minerals such as gold, #silver, #copper, #zinc, #lead, and #cobalt. Each site varies in size and mineral composition, with Wadi Al-Jouna in Asir being the largest at 425 sq. km. The ministry has provided detailed geological and technical data on a dedicated platform to assist potential investors in their evaluations. ▪️This competition is part of the Exploration Enablement Program, aligning with #Saudi #Vision2030's goal to establish mining as a key pillar of the national industry. The ministry has implemented attractive incentives, including financial support, 100% foreign ownership, and significant financing options through the Saudi Industrial Development Fund. Interested investors must submit their technical bids by early #September, with #winners to be announced by the end of the month. The evaluation process will prioritize technical expertise, community #contributions, and #innovation.

The Warintza #copper, #molybdenum and #gold project in southern #Ecuador, owned by #Canada's Solaris Resources Inc., could become one of the most important mines in #LatinAmerica. Currently in the advanced exploration stage, the project, located in the Amazonian province of #MoronaSantiago, 40km north of the Mirador copper mine, is considered one of Ecuador's strategically important mine developments. In the coming months, the Canadian company and the Ecuadorean government will sign an addendum to the investment contract signed in 2022 for US$42 million. That addendum will outline investments of US$3.5 billion, making Warintza the second largest investment initiative in the country, after the US$4.2bn Cascabel copper and gold project being developed by Australian firm SolGold Plc. BNamericas talks to Ricardo Obando Muñoz, manager of Lowell Mineral , an Ecuadoran subsidiary of Solaris, about the substantial increase in the planned investment, the current status of the project and the dates on which construction of the mine could begin. Warintza is a world-class project and is expected to become one of the most significant in Ecuador and the region, says Obando. #mining Tap on the BNamericas link for details: https://lnkd.in/eNcXCc3H

Our Lili Nupen being part of the conversation at the #JoburgIndaba2024. See what she has say below… and for more in-depth insights into her views around how we can improve our mining legislation, take a read of her article in the latest #SAMining on “How to make good law, better”. #mininglawyer #mininglaw #mininglegislation

In South Africa, Platinum Group Metals (PGMs) are a precious resource, predominantly found within the vast rock layers known as the Bushveld Igneous Complex. With over 70% of the world's known platinum resources nestled in this geological marvel, the region has become a focal point for PGM mining. Numerous mining houses are strategically positioned along the PGM-rich layers, known as reefs, tapping into the immense potential of this lucrative industry. As MAB GROUP, while already entrenched in the chrome industry, we are actively considering expanding our footprint into the PGM sector. The allure of South Africa's PGM industry lies not only in its abundance but also in its strategic importance in various industrial applications, from catalytic converters to jewelry and beyond. With growing global demand for PGMs, there exists a compelling opportunity for MAB GROUP to capitalize on this thriving market. By leveraging our expertise, resources, and established presence within the mining sector, we aim to carve out a significant role in the South African PGM landscape. Our strategic approach involves meticulous planning, prudent investment, and fostering mutually beneficial partnerships to ensure sustainable growth and success. As we navigate the dynamic terrain of the PGM industry, we remain committed to upholding the highest standards of environmental stewardship, community engagement, and operational excellence. Our aspiration is not only to achieve commercial success but also to contribute positively to the socio-economic fabric of the regions in which we operate. In conclusion, the exploration of opportunities within South Africa's PGM industry represents a promising avenue for MAB GROUP's expansion and diversification efforts. With our determination, expertise, and commitment to responsible mining practices, we are poised to make a meaningful impact in this thriving sector. #MABGROUP #PGMIndustry #SouthAfricaMining #DiversificationOpportunities

The life of the WORLD’s deepest GOLD mine (South Africa) is being extended — at a cost of $410 million: In a striking display of confidence in hashtag #SouthAfrica's hashtag #gold industry, Harmony Gold Mining Co. has unveiled plans to invest a substantial 7.9 billion hashtag #rand ($410 million) into the hashtag #Mponengmine, the world's deepest gold mine, located south-west of hashtag #Johannesburg. This ambitious investment aims to breathe new life into a sector that has seen better days, extending the mine's operational life from a mere seven years to an impressive 20 years, with operations rebooting in 2025. The South African gold sector, once the crown jewel of the nation's hashtag #economy, has been in a state of gradual decline, with production plummeting to less than a fifth of its heyday levels. This downturn is attributed to a combination of escalating costs and formidable geological challenges that have plagued the industry. However, Harmony Gold's recent move signals a potential reversal of fortunes for this beleaguered sector. Harmony's decision to extend the life of Mponeng is not just a testament to the mine's stellar performance but also a strategic pivot towards securing the company's future in South Africa. While other major players in the hashtag #goldindustry, such as hashtag #AngloGold and hashtag #GoldFields, have sought greener pastures abroad, Harmony's investment underscores a commitment to South Africa's gold hashtag #mining legacy. "Mponeng has been a star performer in Harmony's portfolio, contributing significantly to the company's profit growth," remarked a spokesperson from Harmony Gold Mining Co. Indeed, the mine's exceptional performance has been a bright spot for Harmony, enabling the company to triple its profit to 5.96 billion rand in the last six months of 2023 alone, with overall production surging by 14% to 832,000 ounces. Continue reading.. https://lnkd.in/epKG_CG2 South Africa 🇿🇦 is an hashtag #AfCFTA member country hashtag #UnitedUnderAfCFTA hashtag #AfricaYesWeCAN hashtag #TransformingAfrica hashtag #TheAfricaWeWant hashtag #AfCFTA hashtag #BrandAfrica hashtag #AU hashtag #GDP hashtag #Investment hashtag #Africa hashtag #AfricaMeansBusiness hashtag #ThisIsAfrica hashtag #Diaspora hashtag #IT hashtag #OneAfrica hashtag #AUC hashtag #TransAfricanHighway hashtag #SMEs hashtag #CreatingOneAfricanMarket hashtag #Invest hashtag #Tariffs hashtag #TheAfCFTAEffect hashtag #Trade hashtag #AI hashtag #AfricaRising hashtag #IntraAfricanTrade hashtag #Agenda2063 hashtag #Partnerships hashtag #BuildBackBetter hashtag #InvestInAfrica hashtag #AfricanUnity hashtag #TradeNotAid hashtag #AfCFTATrading hashtag #TravelToAfrica hashtag #CFTA hashtag #TradeInAfrica hashtag #TradeUnderAfCFTA hashtag #AfricaOnTheMove hashtag #Infrastructure hashtag #Tourism hashtag #VisitAfrica hashtag #MadeInAfrica hashtag #PanAfricanism hashtag #Investors hashtag #AfricanSolutionsToAfricanProblems hashtag #Africa2024