MDF Global MDF Global
Madagascar named founding country in UN critical minerals mechanism•West Wits receives second debt drawdown as Qala advances•High Court blocks Mount Pleasant coal expansion in landmark climate ruling•AFAQ Mining unveils multimillion-dollar investment in Egyptian gold•Avonbank mine puts spotlight on Victoria’s critical minerals balancing act•World Bank urges Guinean Government to deploy Simandou revenue•Franco-Nevada takes 12.42% stake in Kenorland Minerals•Canadian police warn of gold purchase scam•Orosur closes $16 million raise for Anzá Project•Kalamazoo secures $10 million placement at 29% premium•Drilling at Buxton’s Madman continues towards EM conductor•StrikePoint acquires Newmont gold project for $100 million•Brixton drills more ‘high-grade’ silver at Langis ahead of maiden MRE•Dalaroo returns ‘high-grade’ gold from maiden Bondoukou drilling•GoldInxs completes $652,400 first placement tranche•Corazon exercises Feather Cap option after Wembley drilling•High Tide rises with green steel•QMines yields ‘high-grade’ results from first Mt Chalmers pontoon drilling•Auric completes Union Jack acquisition for $9.5 million•US stocks rise as earnings sentiment improves Madagascar named founding country in UN critical minerals mechanism•West Wits receives second debt drawdown as Qala advances•High Court blocks Mount Pleasant coal expansion in landmark climate ruling•AFAQ Mining unveils multimillion-dollar investment in Egyptian gold•Avonbank mine puts spotlight on Victoria’s critical minerals balancing act•World Bank urges Guinean Government to deploy Simandou revenue•Franco-Nevada takes 12.42% stake in Kenorland Minerals•Canadian police warn of gold purchase scam•Orosur closes $16 million raise for Anzá Project•Kalamazoo secures $10 million placement at 29% premium•Drilling at Buxton’s Madman continues towards EM conductor•StrikePoint acquires Newmont gold project for $100 million•Brixton drills more ‘high-grade’ silver at Langis ahead of maiden MRE•Dalaroo returns ‘high-grade’ gold from maiden Bondoukou drilling•GoldInxs completes $652,400 first placement tranche•Corazon exercises Feather Cap option after Wembley drilling•High Tide rises with green steel•QMines yields ‘high-grade’ results from first Mt Chalmers pontoon drilling•Auric completes Union Jack acquisition for $9.5 million•US stocks rise as earnings sentiment improves
 

Mining.com.au | Mining News Australia

Deals & Dollars

AFAQ Mining

AFAQ Mining unveils multimillion-dollar investment in Egyptian gold

AFAQ Mining is planning to invest US$146 million ($209.2 million) over four to five years following the discovery of a 305,000-ounce gold deposit at the West Gabal Elba concession in Egypt’s southeastern desert. At the Egypt Mining Forum, held on 28–29 September, AFAQ Mining Chairman Mostafa Elbahr told Reuters the investment will be used for further exploration and an initial…

| By Aaliyah Rogan
Orosur Mining

Orosur closes $16 million raise for Anzá Project

Orosur Mining (TSX-V:OMI) has closed a private placement raising C$16 million ($16.12 million) to advance its Anzá Exploration Project in Colombia. The company sold 50 million units at C$0.32 each, with proceeds including C$2 million from the full exercise of the agent’s option. Each unit comprises one common share and half a warrant, with whole warrants exercisable at US$0.32 ($0.45)…

| By Paula Fabe
Newmont (Photo Credits: Knox Henderson via LinkedIn)

StrikePoint acquires Newmont gold project for $100 million

StrikePoint Gold (TSX-V:SKP) has completed its acquisition of the Northumberland Gold Project from Newmont (NYSE:NEM) for an upfront payment of US$70 million ($100.13 million) The transaction closed on 6 October, with the company acquiring the past-producing deposit. Located in Nevada, US, Northumberland contains an indicated mineral resource of 2.86 million ounces (Moz) of gold equivalent (AuEq) and 1.57Moz AuEq in…

| By Paula Fabe
Auric Mining

Auric completes Union Jack acquisition for $9.5 million

Auric Mining (ASX:AWJ) has completed settlement on the Union Jack Project for $6.5 million cash and $3 million in shares, subject to shareholder approval. The acquisition adds a granted mining lease containing an inferred mineral resource estimate of 3.12 million tonnes (Mt) at 1.02 grams per tonne gold (Au) for 102,000 ounces. Spanning 89 hectares, Union Jack sits east of…

| By Paula Fabe
Zeus Resources Casablanca

Morocco’s new cathode plant presents opportunities for explorers

Morocco is set to have a new cathode material facility in Kenitra, which is part of a broader plan to develop a European battery supply chain — presenting opportunities for explorers focused on a range of minerals. Last week, Gotion High-tech (SZSE:002074) and Volkswagen Group (ETR:VOW3) announced a plan to jointly invest about €3.22 billion ($5.18 billion). Those funds will…

| By Aaliyah Rogan

VIDEOS/INTERVIEWS

Viridian’s Kraken stretches its tentacles across 3km

The Kraken is stretching its tentacles. Viridian Metals (CSE:VRDN) is seeing visually identified sulphides across 3km of step-out drilling at the Kraken Project in Labrador, Canada. President and CEO Tyrell Sutherland joins us to unpack what the drill core is showing and why Viridian thinks…

| By Danielle Doporto

gold

West Wits Mining Qala Shallows Gold Project in South Africa

West Wits receives second debt drawdown as Qala advances

West Wits Mining (ASX:WWI) has received the second drawdown from its senior debt facility, fully funding the Qala Shallows Gold Project in South Africa through to steady-state production. The company completed the second drawdown of R236 million ($20.4 million) under the R875 million Absa Bank and Nedbank senior debt facility after meeting cost-to-complete and covenant-testing requirements. Total drawdowns now reach…

| By JC Villarba
AFAQ Mining

AFAQ Mining unveils multimillion-dollar investment in Egyptian gold

AFAQ Mining is planning to invest US$146 million ($209.2 million) over four to five years following the discovery of a 305,000-ounce gold deposit at the West Gabal Elba concession in Egypt’s southeastern desert. At the Egypt Mining Forum, held on 28–29 September, AFAQ Mining Chairman Mostafa Elbahr told Reuters the investment will be used for further exploration and an initial…

| By Aaliyah Rogan
Kenorland

Franco-Nevada takes 12.42% stake in Kenorland Minerals

Franco-Nevada (TSX:FNV) has acquired a 12.42% stake in Kenorland Minerals (TSX-V:KLD), becoming the latest major investor to back the Canadian gold explorer. Franco-Nevada acquired 10 million Kenorland shares from longtime investor John Tognetti and President and Kenorland CEO Zach Flood at C$2.22 ($2.23) per share, valuing the transaction at C$22.2 million. The shares represent approximately 12.42% of Kenorland’s outstanding share…

| By Jackson Chen
Canada police

Canadian police warn of gold purchase scam

Canadian authorities are warning the public about a scam in which fraudsters impersonate police and government officials to convince victims to buy gold and hand it over for ‘safekeeping’. Media outlets including CBC report that people in Nova Scotia have been targeted by scammers claiming to represent police, the fraud department of a major bank, and the federal Department of…

| By Jackson Chen
Orosur Mining

Orosur closes $16 million raise for Anzá Project

Orosur Mining (TSX-V:OMI) has closed a private placement raising C$16 million ($16.12 million) to advance its Anzá Exploration Project in Colombia. The company sold 50 million units at C$0.32 each, with proceeds including C$2 million from the full exercise of the agent’s option. Each unit comprises one common share and half a warrant, with whole warrants exercisable at US$0.32 ($0.45)…

| By Paula Fabe

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  • ICC Sydney
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