Latest Africa News

Altair Minerals has finalized the acquisition of the Greater Oko Project in Guyana, marking the largest gold exploration landholding in the country’s history. Backed by a cornerstone investment from Resolute Holdings, Altair is poised to accelerate exploration in a highly prospective and underexplored greenstone belt.

DeSoto Resources has secured A$14 million to advance drilling programs in Guinea’s prolific Siguiri Basin and Australia’s Northern Territory, backed by a strategic JV with Fortuna Mining Corp. Historic high-grade gold intercepts and a strong cash position set the stage for a pivotal exploration phase.

Kinetiko Energy and FFS Refiners have formalised a joint development agreement to co-develop a pilot LNG plant at Brakfontein, marking a significant step in South Africa’s energy transition. The initial phase involves co-funded drilling and gas testing with plans to scale LNG production substantially.

Resource Minerals International Ltd reports impressive high-grade gold and silver assays from rock chip sampling at its Shaib Marqan and Wadi Salamah projects in Saudi Arabia, setting the stage for maiden drilling campaigns.

Treasury Wine Estates has withdrawn its fiscal 2026 EBIT growth guidance following softer-than-expected Penfolds sales in China and distribution disruptions in California, signaling a cautious outlook for its key markets.

Black Rock Mining has officially launched the Early Works phase at its Mahenge Graphite Project in Tanzania, marking a key milestone supported by strong partnerships and infrastructure plans.

Toubani Resources has locked in a comprehensive A$395 million funding package, fully financing the development of its Kobada Gold Project in Mali and positioning itself as a future high-margin West African gold producer.

Toubani Resources has locked in a transformative A$395 million funding package to advance its Kobada Gold Project in Mali, setting the stage for production to commence by the third quarter of 2027.

Kinetiko Energy hosts senior South African government dignitaries at its Brakfontein gas project, highlighting record gas flows and plans for a pilot LNG plant to address the country’s energy crisis.

Turaco Gold has confirmed a significant high-grade gold discovery at its Adiopan prospect within the Afema Project, with drilling results pointing to substantial resource growth ahead of a major update. The company’s Pre-Feasibility Study remains on track, supported by a strong cash position.

Belararox Limited advances its maiden drilling campaign at Botswana’s Kalahari Copper Project, intersecting key geological contacts earlier than expected and optimizing operations with additional rigs.

Theta Gold Mines Limited has locked in a substantial A$51.4 million funding package combining debt and equity to advance construction of its TGME Gold Project in South Africa. This milestone funding sets the stage for the company’s next phase despite recent revisions to its production forecasts.