Latest African Mining News

QX Resources has unveiled a significant JORC-compliant Exploration Target for its Madaba Uranium Project in Tanzania, estimating 18–33 million pounds of uranium oxide at grades suitable for open-pit mining. The company aims to convert this target into a maiden Mineral Resource with drilling planned for late 2026.

A2MP Investments FZCO has kicked off an off-market takeover offer for the remaining 44.44% of Canyon Resources shares it does not already control, valuing the company at about A$103 million equity and A$188 million enterprise value. The bid comes amid deteriorating project economics and funding challenges for Canyon's Minim Martap Bauxite Project.

Aurum Resources has unveiled new high-grade gold intercepts from 36 diamond drill holes at its Boundiali Gold Project in Côte d'Ivoire, confirming mineralisation beyond current resource boundaries and underpinning further growth.

Perseus Mining reported a robust June quarter with 109,013 ounces of gold produced at an AISC of US$1,941/oz, record FY26 cashflows of US$769 million, and Nyanzaga Gold Project 67% complete on track for January 2027 production.

Aurum Resources has delivered a robust Pre-Feasibility Study and maiden Ore Reserve for its Boundiali Gold Project in Côte d’Ivoire, confirming a large-scale, economically compelling gold development targeting first production in early 2028.

Resolute Mining has lifted its ABC Project inferred gold resource to over 3 million ounces following extensive drilling, setting the stage for a $15-25 million feasibility push.

Turaco Gold has appointed Warren King as Project Development Director to lead the Afema Project through its Definitive Feasibility Study and into construction, leveraging his extensive experience in African and Australian gold projects.

Perenti's subsidiary AMS, through AMAX Ltd, has secured a six-month contract extension at the Iduapriem Gold Mine in Ghana, including the sale of mining equipment valued between A$30 million and A$40 million to AngloGold Ashanti.

Midas Minerals has unveiled new high-grade copper and silver drill results at its T-13 Deposit within the Otavi Copper Project, revealing an expanded footprint of premium mineralisation and a promising upgrade to its resource base.

Midas Minerals has extended high-grade copper and silver mineralisation at its Spaatzu prospect within the Otavi Copper Project, Namibia, with assays confirming at least 800m strike length and multiple significant intercepts. Exploration across other Namibian projects also shows promising early-stage results.

Toubani Resources has locked in Corica Mining Services to handle mining operations at its Kobada Gold Project in Mali, advancing the project towards production with mobilisation set for late 2026 and first ore expected by mid-2027.

Askari Metals is deepening government and community partnerships in Ethiopia while advancing operational readiness at its Nejo Gold-Copper Project, positioning for imminent exploration activity.