Latest Africa News

DeSoto Resources has expanded gold-in-soil anomalies at its Timbakouna project to 3.7km and identified new zones at Dadjan, while progressing power auger drilling across multiple sites in Guinea’s Siguiri Basin.

AFT Pharmaceuticals reported a 6% revenue increase to NZ$208 million in FY25, driven by strong ANZ growth and expanding international presence. The company targets NZ$300 million revenue by FY27 amid ongoing R&D and new product launches.

AFT Pharmaceuticals has reported record revenue of NZD 208 million for FY25, driven by strong Australasian sales and a recovery in Asia and international markets. The company is targeting NZD 300 million in revenue by FY27, supported by an expanded R&D pipeline and ongoing geographic diversification.

Chilwa Minerals has reported impressive high-grade heavy mineral sand assay results from its Mpyupyu Dune deposit in Malawi, confirming thicker and richer mineralisation than previously estimated. These findings pave the way for an upcoming scoping study and resource upgrades.

DMC Mining confirms its exploration permits in Guinea remain unaffected amid a government crackdown on non-compliant mining licences. The company welcomes regulatory reforms aimed at boosting investor confidence and is poised to start exploration once permits are granted.

First Au Limited has entered a binding term sheet to progressively acquire full ownership of the Nimba Gold Project in Liberia, backed by a planned A$1 million equity raise to fund exploration. The project’s proximity to a major West African gold mine and promising drill results position FAU for a strategic expansion into a stable, mining-friendly jurisdiction.

Peak Minerals has confirmed extensive heavy mineralisation across a 28km strike at its Minta Rutile Project in Cameroon, highlighting the project's potential as a major new rutile source.

ASPI Isotopes Inc. has agreed to acquire Renergen Limited in an all-share deal, creating a vertically integrated global entity focused on critical materials for semiconductors, medical isotopes, and green energy. The transaction addresses Renergen’s liquidity challenges and positions the combined company for growth across multiple strategic sectors.

Southern Palladium has secured Environmental Authorisation for its Bengwenyama PGM Project, a crucial step toward mining rights and project development. The company is also refining a phased, lower-capital approach to unlock value and improve financeability.

Lindian Resources has assured investors that its bauxite projects in Guinea remain untouched by recent government mining license cancellations, underscoring stable progress despite regulatory upheaval.

Asara Resources reveals a robust 923,000-ounce gold resource at its Kada Project in Guinea’s prolific Siguiri Basin, setting the stage for extensive drilling and expansion in 2025.

DeSoto Resources has identified a significant 1.3-kilometre gold anomaly at its Tole Project in Guinea’s prolific Siguiri Basin, with high-grade rock chip results and a new drilling program about to commence.