Tag: #Africa

M2 Cobalt: airborne survey reveals 721 exploration targets

M2 Cobalt: airborne survey reveals 721 exploration targets

M2 Cobalt (MC.V) has now received the final results from its helicopter VTEM survey on the Kilembe properties. The company completed almost 3,000 line kilometers of flying to complete a high-resolution database of exploration targets on the property. M2 Cobalt was specifically looking for buried Kilembe-style deposits, which would carry […]

IAMgold starts drilling at Stratex’ Dalafin gold project

IAMgold starts drilling at Stratex’ Dalafin gold project

IAMgold (IMG.TO, IAG) has now completed its preliminary studies (which included a review of the historical core and chip samples and a mapping program) at the Dalafin gold project in Senegal, and is now in the final stages of mobilizing a drill rig to test the Madina Bafé gold prospect […]

M2 Cobalt wants to accelerate the Bombo exploration program

M2 Cobalt wants to accelerate the Bombo exploration program

M2 Cobalt’s (MC.V) exploration program in Uganda is in full swing as the airborne and ground survey on the Bombo target (part of one of the Bujagali exploration licenses) has been completed and the crews have moved onto the copper-cobalt-gold zone on another Bujagali exploration license. A total of 3,000 […]

Cardinal Resources continues to make progress at Namdini

Cardinal Resources continues to make progress at Namdini

Cardinal Resources (ASX:CDV, CDV.TO) has now completed a close spaced drill program at the Namdini zone where the company plans to start its mining operations in a higher grade starter pit. This grade control drilling program has confirmed the expected grades (and the size) of the starter pit, which increases […]

Cobalt market – supply vs demand forecast (2017-2025)  - Source: Canaccord Genuity estimates

M2 Cobalt enters into definitive agreements to acquire 7 cobalt licenses in Uganda

M2 Cobalt (MC.V), the new name of Accend Capital (ADP.V) has announced it has entered into a definitieve agreement with several number-companies in BC to acquire their respective interests in no less than seven exploration licenses in Uganda. The company acquires these seven licenses as part of a cobalt-focused acquisition […]

Perseus Mining releases Yaouré reserve report and feasibility study results

Perseus Mining releases Yaouré reserve report and feasibility study results

We did like Cluff Gold/Amara Mining, which was acquired by Perseus Mining (PRU.TO, ASX:PRU) which wanted to get its hands on the Yaoure gold project in Africa’s Ivory Coast. Perseus has now released both an updated reserve estimate as well as a first feasibility study. The current indicated resource contains […]

Base Resources: surfing on the waves of higher commodity prices

Base Resources: surfing on the waves of higher commodity prices

After several difficult years, it looks like Base Resources (ASX:BSE, LON:BSE) is finally turning a corner as it reported a net income and a very strong cash flow result in its financial year 2017 which ended on June 30th. During FY 2017, Base shipped 502,000 tonnes of ilmenite, 92,000 tonnes […]