Latest African Mining Projects News

Askari Metals has agreed to sell its Australian gold assets to Forrestania Resources for A$700,000, enabling a strategic pivot towards its promising African exploration projects.

Haranga Resources’ maiden drilling at the Ibel South Gold Project in Senegal reveals broad, shallow, and high-grade gold mineralisation, confirming promising potential over a 700m strike length. The results set the stage for further exploration and resource definition.

Rubix Resources has entered a non-binding agreement to acquire bauxite exploration projects in Cameroon and Congo, with a structured payment plan including cash, shares, and performance rights tied to resource milestones.

Lotus Resources has completed a A$65 million placement to bolster its uranium projects in Malawi and Botswana, positioning itself for steady production and future expansion.

Atlantic Lithium has locked in up to £28 million in funding from Long State Investments to advance its Ewoyaa Lithium Project in Ghana, navigating market challenges and permitting delays with financial flexibility.

DY6 Metals has confirmed high-grade saprolite-hosted rutile mineralisation at its Central Rutile Project in Cameroon, with assays revealing grades up to 2.1% rutile over 1m. The findings extend over a 41km strike length, highlighting the project's significant exploration potential.

QX Resources has acquired 100% of the Madaba Uranium Project in Tanzania, a site with promising historical uranium grades, and is raising $2.3 million to advance exploration and development.

Turaco Gold’s latest drilling results at the Afema Project reveal promising high-grade gold mineralisation at the Adiopan prospect and resource extensions at Asupiri and Anuiri, signaling potential growth beyond the current 3.55Moz resource estimate.

Lotus Resources has initiated processing of high-grade uranium ore at its Kayelekera Project in Malawi, moving closer to first uranium production this quarter. Key infrastructure upgrades, including a new power grid connection, aim to reduce costs and environmental impact.

Askari Metals has launched a comprehensive regional exploration program at its Nejo Gold and Copper Project in Ethiopia, targeting high-grade gold and copper mineralisation with drilling planned for late 2025.

Lycopodium Limited has won a significant A$48 million EPCM contract from Perseus Mining to develop the Nyanzaga Gold Project in Tanzania, marking a third major collaboration between the two companies. The project aims for first gold production by early 2027.

African Gold Ltd has kicked off its largest-ever 40,000-metre drilling program at the Didievi Gold Project in Côte d'Ivoire, aiming to build on a recently defined near-surface 989,000-ounce gold resource.