Oakstrom Advisors’ Post

In recent drilling activities, diverse mining projects across the globe have shown promising results: In Burkina Faso, West African Resources (ASX: WAF) has expanded its Sanbrado gold mine southeast of Ouagadougou, indicating promising prospects for gold extraction. Lundin Gold (TSX: LUG) in Ecuador reports encouraging results from conversion drilling at the Fruta del Norte mine, highlighting Ecuador's growing importance in the global mining sector. In Australia, Southern Cross Gold (ASX: SXG) has confirmed mineralization predictability at the Rising Sun prospect near Melbourne's Sunday Creek project. Learn more about these advancements here https://lnkd.in/gZb75zXx West African Resources Lundin Gold Ecuador Turaco Gold Freegold Ventures Limited i-80 Gold Corp O3 Mining - Minière O3 Shanta Gold Limited Orvana Minerals Corp Torq Resources Inc. #Mining #Metals #Data #Exploration #GoldAssays

Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said it has restarted mining at the Gedabek mine in Azerbaijan, with flotation operations to resume in the second quarter of this year. Production was halted during Autumn 2023 due to an environmental audit at its operations with an action plan agreed with the government in November. As a result of the disruption, output dropped to 31,821 gold equivalent ounces (57,618 GEOs) with 3,080 GEOs in the final quarter. Reza Vaziri, chief executive, commented he was pleased to hit the revised production target despite the challenges during the year. “We continue to make meaningful progress in restarting flotation production, which will begin from Q2 2024. "Completing a maiden JORC mineral resource for Gilar marked a milestone for the company, confirming our internal estimates regarding the asset's potential.” More at #Proactive #ProactiveInvestors #AIM #OTC #AAZ #AGXKF #Mining #AngloAsianMining #Azerbaijan http://ow.ly/TnWJ1058Pi3

Oriole Resources PLC (AIM:ORR) has upgraded the mineral resource at Bakassi Zone 1 at its Bibemi project in Cameroon by 23% to 375,000 ounces of gold. Consultant Forge International upgraded the resource bases predominantly on the gold price of US$2,000 an ounce as part of the ongoing technical studies ahead of a mining permit application later this year.  The pit-constrained resource is now estimated to be 5.1 million tonnes grading 2.30 grammes per tonne (g/t). Oriole believes there is scope to expand further the resources at Bakassi Zone 1 and also identify additional resources at the other three prospects on the licence, Bakassi Zone 2, Lawa West and Lawa East. Tim Livesey, chief executive, said: "We have been pleased to see the maiden resource support this pit expansion and deliver not only additional tonnes but also at a higher grade.  More at #Proactive #ProactiveInvestors #AIM #ORR #orioleResources #Mining #Mineral #gold http://ow.ly/an9j1058Pjx

Endeavour Mining said the indicated gold resources at the Tanda-Iguela property in Côte d’Ivoire had increased four-fold after its recent drilling campaign. Almost 96% of the resource at the Assafou deposit at Tanda-Iguela is now in the more certain indicated category, it said, adding there remains significant upside with the 3.3km mineralised trend open along strike and at depth. Assafou now hosts an indicated resource of 4.5Moz at 1.97 g/t Au and an Inferred resource of 0.2Moz at 1.91 g/t Au. That compares to a  2022 maiden indicated resource of 1.1Moz at 2.33 g/t gold and an Inferred resource of 1.9Moz at 1.80 g/t. Endeavour, which is in the FTSE 100,  said that as a result of the upgrade Tanda-Iguela "now ranks as one of the most significant discoveries made in West Africa over the last decade".  More at #Proactive #ProactiveInvestors #EndeavourMining #mining #gold #cotedivoire http://ow.ly/IZM51054fKn

📰 Canadian mining company QC Copper & Gold. (TSX-V: QCCU.V) & Gold recently updated 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲 𝗿𝗲𝘀𝗲𝗿𝘃𝗲 𝗼𝗳 𝗢𝗽𝗲𝗺𝗶𝘀𝗸𝗮 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 in Quebec, Canada Measured by 0.15% copper equivalent grade, the pit-constrained measured and indicated 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲 𝗶𝘀 𝟴𝟳.𝟯 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼𝗻𝗻𝗲𝘀 grading 0.77% copper, containing 𝟭.𝟰𝟵 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗹𝗯. 𝗰𝗼𝗽𝗽𝗲𝗿; measured by 0.59% copper, the estimated ore resource is up to 9.8 million tonnes, containing 104 million lb. copper, 55,000 oz. of gold and 68,900 oz. of silver. Opemiska project has the potential to become the highest grade copper pit deposit in Canada, according to QC Copper & Gold. (TSX-V: QCCU.V) & Gold. 💡 Opemiska project contains Springer and Perry copper-gold mine operated by Falconbridge from 1953 to 1991. In 2021, QC Copper & Gold. (TSX-V: QCCU.V) & Gold acquired the mining property and planned to 𝗲𝘅𝗽𝗮𝗻𝗱 𝘁𝗵𝗲 𝗰𝗼𝗽𝗽𝗲𝗿 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲 𝘁𝗼 𝗮𝘁 𝗹𝗲𝗮𝘀𝘁 𝟮 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗹𝗯. #copper #mine #mining #gold #silver #canada

Reshare | Mining stats: Key figures from Côte d'Ivoire's Artisanal Gold Mining Sector ✅Artisanal and Small-Scale Gold Mining (ASGM) serves as an important alternative source of income for a large portion of the local population in Côte d'Ivoire; ✅ASGM operations are spread across 24 out of the country's 31 regions, providing employment to more than 500,000 people, with young people making up over 85% of this workforce; ✅However, according to data from the Minamata Convention on Mercury, approximately 10 tonnes of mercury are utilized annually to produce 7 tonnes of artisanal gold; ✅As a result, field studies confirm the presence of some of the worst practices in the ASGM sector; ✅Stakeholders are working together to address these challenges and improve practices in the ASGM sector. Source : IMPACT #Government #Gold #Mining #CôtedIvoire #FocusMines #Mines #ASM #ASGM

Coverage stock West African Resources (ASX: WAF) is a great example of a junior company that can transition successfully from exploration to production status, having poured first gold at its Sanbrado gold project in Burkina Faso in March 2020, six months ahead schedule and US$20 million under budget. For 2024, the Sanbrado Project is expected to continue performing in line with the company’s long-term mining plan, with forecast unhedged production guidance of 190,000 to 210,000 ounces of gold at an AISC of less than US$1,300 per ounce. Site construction activity at the company’s second mine development, Kiaka, will see a major ramp up in 2024, with the project fully funded to first production. The project remains on schedule and on budget to see the first gold produced during the second half of 2025, which sets WAF on the path to becoming a +400,000-ounce gold producer from 2025 to 2032. In terms of the next steps, we await the release of the company’s updated Resources, Reserves and 10-year production plan over the course of the coming weeks. #gold #exploration #mining #burkinafaso #resources #commodities #equities #ausbiz

Coverage stock West African Resources (ASX: WAF) is a great example of a junior company that can transition successfully from exploration to production status, having poured first gold at its Sanbrado gold project in Burkina Faso in March 2020, six months ahead schedule and US$20 million under budget. For 2024, the Sanbrado Project is expected to continue performing in line with the company’s long-term mining plan, with forecast unhedged production guidance of 190,000 to 210,000 ounces of gold at an AISC of less than US$1,300 per ounce. Site construction activity at the company’s second mine development, Kiaka, will see a major ramp up in 2024, with the project fully funded to first production. The project remains on schedule and on budget to see the first gold produced during the second half of 2025, which sets WAF on the path to becoming a +400,000-ounce gold producer from 2025 to 2032. In terms of the next steps, we await the release of the company’s updated Resources, Reserves and 10-year production plan over the course of the coming weeks. #gold #exploration #mining #burkinafaso #resources #commodities #equities #ausbiz

Massive numbers of artisanal gold miners work across dozens of countries. Globally - close to 20 million miners in over 80 countries, producing 20% of 🌍 #gold. Including families, upwards of 100 million people are fully supported by #asgm. These miners are the largest subset of the 45 million artisanal miners who produce precious metals/stones, critical minerals and construction materials. Including the families of these 45 million, 225 million people are fully supported by ASM. 🎉 225 million people = 2.5% of 🌍 population Circumstances of miners vary, reflecting local socio-economic realities, but in far too many cases their realities are sad. #asm formalization delivers increased productivity and dignity of work while also catalyzing #sustainabledevelopment and strengthening #humanrights adherence. 🎉 formalization makes commercial sense for #mininginvestment and #impactinvestment, delivering value through productivity combined with social gains 🎉 formalization support is sound public policy, as stable predictable business relationships that are created become the basis for development 🎉 formalization is good for the environment, lowering contaminants like #mercury while increasing the supply of critical minerals needed for the #energytransition 🎉 formalization is geopolitically strategic, supporting #economicsecurity and #energysecurity. Increased gold supply supports economic security. In the case of #criticalminerals, which many artisanal miners focus on, increased supply supports energy security The Blended Capital Group and our partners are committed to reimagining outcomes in ASM. We see the potential for social gains and productivity, knowing that it makes sense to investors. We are working with strategic investors to define and deliver financial instruments that will ground an investment marketplace that fits the nature of the sector. Our consortium partners, including Alliance for Responsible Mining (ARM) Levin Sources BanQu Inc. Napier Meridian bring world class proven skills on applying end-to-end locally apt formalization approaches. We have a sense of urgency, knowing that now is the time to deliver the enhancrd dignity and productivity of work that is on the table. Reach out to learn more. #sdgs #responsiblemining #esg #netzero

Mining Zimbabwe reports on our mining division Mopani Gold’s plans to triple underground ore production, more than doubling employment, at Venice Mine, Zimbabwe. https://lnkd.in/dq5DHzqt They cover our transition to sustainable power with Equator Energy and visit Tafara Venice Primary School where Underground Manager Perembe Chitambiri explains how CSR initiatives will expand as production grows. At last week’s Investing in African Mining Indaba it was great to see Zimbabwe attract more attention than in recent years. Exciting times ahead for Mopani Gold! #MiningNews #MopaniGold #MiningZimbabwe #OreProduction #EmploymentGrowth #SustainablePower #CSRInitiatives #MiningIndaba #ZimbabweMining #VeniceMine #EquatorEnergy #ResourceDevelopment #CommunityEngagement #MiningUpdates #SustainableMining #ZimbabweInvestment #MiningInnovation #CorporateResponsibility #IndustryInsights