Proactive’s Post

Many Peaks Minerals (ASX:MPK) secures a 100% interest in Turaco Gold Ltd and Predictive Discovery Ltd joint venture, gaining access to prime gold projects in Cote d’Ivoire spanning 1,275km2 🌍🤝 "The Ferke and Odienne Projects in Cote d’Ivoire deliver Many Peaks a strong foundation of exploration success in Cote d’Ivoire with the potential to build significant high- grade ounces in the near term" "Both projects are already covered with systematic geochemical coverage and high-resolution geophysics, which have led to demonstrated gold mineralisation confirmed in drilling. Leveraging over US$4m of previous expenditure in recent years has generated multiple targets ready for follow-up, including extension targets, providing Many Peaks with a transformational acquisition with near-term resource potential viable" "Our team has a depth of West African operating experience tied to multiple discovery and development projects over the past 15 years, and our technical team looks forward to operating in Cote d'Ivoire again. Over recent years, it has emerged as a premier jurisdiction within West Africa to operate in, with several recent exploration and development successes," - Many Peaks Minerals Executive Chairman Travis Schwertfeger #ASX #ASXNews #Investing #Mining #Gold #Acquisition https://lnkd.in/ghtnysRs

📰✨ 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

🌟 Gemfields Explores Partnership for Gold Exploration in Mozambique🌟 🔍 Gemfields, renowned for its ruby and emerald mining, eyes a strategic partnership for gold exploration in Mozambique's Nairoto prospect. CEO Sean Gilberton revealed the potential move during the company's annual results, emphasizing a focus on maximizing project value without long-term commitment to gold production. 💡 Key Insights: - Decision hinges on drilling and assay results from the TL5 section of the Nairoto project. - Despite challenging financials, Gemfields maintains investment momentum, buoyed by its Montepuez ruby mine. - Share prices dipped amid market fluctuations, presenting potential acquisition opportunities. - Assore's gradual acquisition of a significant stake underscores investor interest in Gemfields' future prospects. 💼 Implications for Investors: - Collaborative ventures could unlock untapped potential in Mozambique's gold mining sector. - Gemfields' proactive approach demonstrates adaptability and strategic foresight in navigating market dynamics. - Investors keen on diversifying portfolios and capitalizing on Africa's mineral wealth should monitor developments closely. 💬 Thought Leadership Takeaway: As Gemfields explores new avenues for growth, it underscores the resilience and innovation inherent in the mining industry. Let's engage in dialogue and exploration of opportunities to drive sustainable development and prosperity in Africa's mining sector. Join the conversation! 🚀🌍👌🏽 #Gemfields #GoldExploration #MozambiqueMining #InvestmentPartnerships #MiningIndustryInsights #ResourceExploration #StrategicCollaboration #EconomicDevelopment #AfricaInvestment #ThoughtLeadership #BusinessPartnerships #MiningInnovation #InvestmentOpportunities #MineralWealth #MarketInsights #IndustryAnalysis #EmergingMarkets Source: Mining Review Africa

Allied Gold Corporation (TSX: AAUC) provided an exploration and development update on its Kurmuk Project in Ethiopia this morning. Significant exploration results continue to support the high probability of Mineral Reserves and Mineral Resource growth, indicating substantial upside potential. The project, which remains on track for first production in mid-2026, continues to make significant strides in both project execution and exploration activities aimed at increasing mineral inventories, extending mine life, and enhancing overall value and future returns to shareholders. Highlights of the release include: Recent significant exploration results at both Dish Mountain and Tsenge confirm the high prospectivity previously reported for the property and these near-mine targets. This, in turn, helps to achieve the Company’s strategic goals, including reaching a minimum of five million ounces of gold in mineral inventories at the project. Key project advancements in recent months build upon the planning and preparation activities started in late 2023. These include the progress of the Engineering, Procurement and Construction Management Early Works contract under DRA Global Limited, the ongoing procurement of long-lead items and services, including the ball mill in addition to the already owned SAG mill, and the tendering process for contract mining and bulk earthworks, among others.    The Kurmuk project is expected to achieve average annual gold production of over 290,000 ounces during the first five years and maintain production of over 240,000 oz per year for the Life of Mine at an AISC targeted below $950 per oz and an initial 10-year mine life based solely on current Mineral Reserves.   Allied Gold Corporation is trading at ~$725 million dollar market cap which is a significant discount to its net asset value of ~$3.5 billion dollar (assuming a gold price more than 20% below current market prices). At current market prices AAUC trades at ~0.1x P/NAV compared to many peers trading well above that (.5 to 1x P/NAV). The average target price by 7 analysts is $8.01 and there is a unanimously BUY rating, implying over a 250% return over the next 12 months.   Please let us know if you have any questions or would like to connect with the Allied Gold team. #gold #goldmining #goldrush #goldprospecting #mininglife #miners #goldproduction #goldfever #investing #equities #goldbars #preciousmetals Marc Raffoul Anil Singh Oak Hill Financial Inc. Gerardo Fernandez Josh W. Jason LeBlanc Daniel Racine Jeff Clapp Matthew Gaasenbeek Egizio Bianchini Earle McMaster, CFA Nicolas Dion, CFA Anita Soni Don DeMarco, MBA, P.Eng, P.Geo

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

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

Coverage stock Orion Minerals Ltd (ASX: ORN) has in place a company-making strategy of developing multiple metal-producing hubs (mainly focused on copper) within South Africa’s Northern Cape Province, a richly endowed mineral province and a well-established mining jurisdiction. Importantly, ORN is making strong progress in terms of its production ambitions via its fast-track strategy, focused on its Prieska Copper-Zinc Mine (PCZM) and its Okiep Copper Project (OCP). The PCZM is ORN’s flagship asset, having been mined for 20 years from 1971 until its closure in 1991, and where ORN is currently undertaking an Early Production Feasibility Study that is targeting the staged ramp-up of operations and production. Key inputs to this study include a trial mining program and ongoing metallurgical test-work, with the Study due for completion during mid-2024. ORN is also advancing the development of a second production hub, initially based on the Flat Mines area at its Okiep Copper Project, whilst also conducting exploration programs to increase the Resource and Reserve base to underpin a larger-scale, longer-term operation. There is a global scarcity of shovel-ready copper projects, which is why ORN’s Northern Cape assets are so significant. Whilst South Africa won’t suit the risk profile of every investor, the attraction of having three potential in-house mining developments is something that sets ORN apart from virtually all of its sector peers. #copper #mining #SouthAfrica #commodites #resources #equities #ausbiz

Junior gold stock Laurion Mineral Exploration (TSXV:LME) seeks to raise C$1.7 million through a flow-through private placement on a non-brokered basis. The junior miner will use the proceeds for exploration expenses over the next 18-24 months, as it pursues numerous demonstrated expansion opportunities. Laurion Mineral Exploration stock (TSXV:LME) has added 14.29 per cent year-over-year and 300 per cent over the past five years. #gold #juniorgold #goldstocks #juniormining #goldmining #stockstowatch #stocksinfocus #stocks

Coverage stock Orion Minerals Ltd (ASX: ORN) has in place a company-making strategy of developing multiple metal-producing hubs (mainly focused on copper) within South Africa’s Northern Cape Province, a richly endowed mineral province and a well-established mining jurisdiction. Importantly, ORN is making strong progress in terms of its production ambitions via its fast-track strategy, focused on its Prieska Copper-Zinc Mine (PCZM) and its Okiep Copper Project (OCP). The PCZM is ORN’s flagship asset, having been mined for 20 years from 1971 until its closure in 1991, and where ORN is currently undertaking an Early Production Feasibility Study that is targeting the staged ramp-up of operations and production. Key inputs to this study include a trial mining program and ongoing metallurgical test-work, with the Study due for completion during mid-2024. ORN is also advancing the development of a second production hub, initially based on the Flat Mines area at its Okiep Copper Project, whilst also conducting exploration programs to increase the Resource and Reserve base to underpin a larger-scale, longer-term operation. There is a global scarcity of shovel-ready copper projects, which is why ORN’s Northern Cape assets are so significant. Whilst South Africa won’t suit the risk profile of every investor, the attraction of having three potential in-house mining developments is something that sets ORN apart from virtually all of its sector peers. #copper #mining #SouthAfrica #commodites #resources #equities #ausbiz