News

Australian mining company Walkabout Resources’ subsidiary Aardvark Minerals (ARV) has inked a deal for a staged earn-in to an exclusive prospecting licence (EPL5691) in the Warmbad area of southern of the country. The license adjacent to, and directly to the south of the 100% owned Walkabout licence EPL6308 will form …

Deep Yellow Limited has completed a 7,490m scout drilling program at the Nova Joint Venture (Nova JV) project. According to the company the overall drilling campaign was primarily designed to characterise the various targets that were defined from geophysics (using IP, EM, Magnetics and radiometrics) and ground mapping and, through …

British junior miner Firestone Diamonds has agreed to extend the option period granted to Amulet Diamond Corporation (Amulet) to purchase Firestone’s BK11 asset until 31 December 2018. BK11 is a diamond asset in Botswana, currently on care and maintenance. Amulet is funding the construction and operation of a bulk sampling …

The International Monetary Fund has concluded that after years of exceptional growth, Namibia’s economy has entered an adjustment phase. “Growth is expected to turn slightly negative in 2017, compared to a growth of 1.1 percent in 2016, as large constructions in the mining sector have been completed and the government …

Weatherly International has promised its largest shareholder and debt provider Orion an improved production, amid uncertainties that continue to riddle the company. “The company will continue to strive to produce returns for Orion and all our stakeholders,” said. John Bryant, Weatherly Chairman. Bryant applauded the shareholders for the continued to support …

Bannerman, the developers of Etango Uranium Mine have successfully progressed through the initial test work phase of a membrane study at the Etango Heap Leach Demonstration Plant, the company announced. The study has validated the potential for further capital and operating cost reductions, to be confirmed in the DFS Update. …

GoviEx has been awarded the gold award as ‘Best Mining Project’ at the Africa Investment Forum and Awards (AIFA) in Paris, France. The AIFA is an event dedicated to Africa business opportunities in fields such as mining, energy, infrastructure, and real estate. The award is a result of rigorous judging …

British junior miner Gem Diamonds has announced recovery of high quality 202 carat diamond in Lesotho. According to the company the D colour Type IIa diamond from the Letšeng mine in Lesotho is the seventh diamond of over 100 carats to be recovered to date in 2017 from Letšeng. Letseng is the highest …

Debmarine has announced plans to construct the world’s largest custom-built diamond mining vessel. The new vessel projected to cost approximately US$142 million (N$2 billion), is expected to commence operations in 2021. According to De Beers, the ship will work alongside five other mining vessels in the Debmarine Namibia fleet, enhancing …

Government has granted Walkabout Resources a second Lithium exploration prospecting licence EPL6308, in the highly prospective and under-explored Orange River Pegmatite Belt. “The team has been working very hard at securing these premium unexplored licences with 27 kilometres of known pegmatite swarms running through them. Our intention is to assemble …