Latest Africa News

Resolute Mining and Guinea’s state-owned Nimba Mining Company have signed a landmark MoU to jointly explore and potentially develop gold projects, marking a significant step in Guinea’s mineral diversification.

MetalsGrove Mining has identified a standout 583 ppb gold soil anomaly at its Fifty-Five Prospect in Côte d’Ivoire, elevating it to top-priority status amid seven defined gold prospects. The company plans extensive follow-up sampling and mapping to advance these targets toward drilling.

Botala Energy has commenced drilling its first commercial production well at the Serowe CBM Project in Botswana, marking a pivotal step toward large-scale gas production and regional energy supply.

Patriot Resources has announced a maiden JORC inferred resource of 31.4 million ounces silver equivalent at its high-grade Tassa project in Peru, highlighting significant growth potential and undervaluation compared to peers.

Many Peaks Minerals has compiled and verified extensive historical exploration data for its Ferké South Gold Project in Côte d’Ivoire, revealing promising shallow gold mineralisation along a 37km corridor. The company is poised to commence follow-up drilling pending final permit approval.

Botala Energy’s latest well S3.3 results at the Serowe Coal Bed Methane Project reveal promising multi-seam gas potential and effective low-cost stimulation, boosting confidence in commercial viability.

Aurum Resources has raised $28.8 million through a strategic placement led by Perseus Mining, boosting its cash reserves to over $60 million. This capital injection will fund an aggressive drilling campaign and feasibility studies for its key gold projects in Côte d’Ivoire.

D3 Energy has raised $6.12 million through a strongly supported placement at a significant premium to its IPO price, aiming to accelerate exploration and development of its helium assets amid tightening global supply.

Klevo Rewards’ subsidiary Fly Wallet has gained multi-jurisdictional certification, paving the way for its corporate card programs across 18 international markets.

Theta Gold Mines has locked in a key manufacturing contract for its TGME Gold Project, securing critical equipment that keeps the project on track for commissioning in late 2026 and first gold production early next year.

Memphasys Limited confirms uninterrupted operations across the Middle East and North Africa, securing new orders and advancing regulatory approvals despite ongoing regional tensions.

QX Resources has confirmed multiple high-grade uranium zones at surface within its Madaba Uranium Project in Tanzania, identifying nine immediate drill targets. Planned exploration aims to rapidly advance towards a maiden resource.