Latest African Mining News

Chariot Resources has broadened its Nigerian lithium acquisition by adding a key small-scale mining licence and converting three leases to mining leases, extending the acquisition timeline and increasing regulatory costs.

Genmin has drawn strong international interest to finance its Baniaka iron ore project in Gabon, with proposals ranging from joint ventures to prepayment facilities. The Gabonese government backs the project as a national priority, aiming for a final investment decision by mid-2026.

Orion Minerals has confirmed a significant down-dip extension of copper mineralisation at its Flat Mine East prospect within the Okiep Copper Project, reinforcing resource growth potential ahead of pending assay results.

RareX Limited has advanced its rare earths ambitions by securing a key mining lease at Cummins Range, appointing a strategic board member, and raising $5 million to fund exploration and development.

Volt Resources has secured a major extension and volume increase to its Bunyu graphite offtake agreement while progressing high purity graphite production and downstream refinery development in the US.

Toubani Resources has kicked off construction at its Kobada Gold Project in Mali following a positive Final Investment Decision, while securing a US$83.5 million financing package to support development.

Lion Rock Minerals reported strong high-grade rutile and heavy mineral results at its Minta Project in Cameroon, expanding infill drilling and commissioning an in-country lab ahead of a maiden resource estimate targeted for H2 2026.

Lindian Resources has locked in a US$11.6 million financing package from Malawi's NBS Bank, bolstering the Kangankunde Rare Earths Project with asset-backed and working capital facilities. This deal complements Lindian’s recent A$100 million placement and underscores its commitment to local partnerships.

Aurum Resources has unveiled robust assay results from 40 diamond drill holes at the BDT2 deposit, confirming substantial gold mineralisation beyond current resource boundaries and underpinning its 4.2Moz group resource growth strategy in Côte d'Ivoire.

Wia Gold is making steady progress on its Kokoseb Gold Project in Namibia, reporting strong high-grade drilling results that bolster underground mining prospects alongside ongoing feasibility studies and strategic leadership appointments.

West Wits Mining has poured its first gold from the Qala Shallows project in South Africa, marking a pivotal shift from development to production. This milestone positions the company as the newest gold producer in the historic Witwatersrand Basin.

Toubani Resources has given the green light to its Kobada Gold Project in Mali, marking a significant milestone with construction now underway and first gold production targeted for late 2027.