Latest African Resources News

Pan African Resources has secured conditional ASX admission, meeting a key requirement in its $311 million scheme to acquire Emmerson Resources. The deal awaits shareholder and court approvals ahead of a June 15 vote.

Sabre Resources has received Northern Territory government approval to drill up to 5,000 metres at Kurundi North, targeting high-potential copper-gold systems analogous to Tennant Creek. The program awaits shareholder approval of a major acquisition and aims to unlock value in a resurging mineral province.

CuFe Ltd secures a strategic $15.35 million investment from Pan African’s Tennant Consolidated Mining Group, aiming to fast-track its Gecko and Orlando copper-gold projects in Tennant Creek with enhanced technical collaboration and board representation.

Atomic Eagle Limited has secured an option to acquire the Sitwe Uranium Project in Zambia, increasing its exploration acreage by 38% and complementing its flagship Muntanga asset with promising historical uranium intercepts.

Emmerson Resources Limited shareholders will vote on a Court-approved scheme to be acquired by Pan African Resources, exchanging shares for Pan African CDIs and gaining exposure to a larger gold producer.

Emmerson Resources is set to be acquired by Pan African Resources for approximately A$311 million, offering shareholders a 36% premium. The company also advances a government-backed feasibility study for a shared processing facility and begins royalty revenue inflows.

CuFe Ltd has boosted confidence in its Orlando Copper-Gold Deposit by upgrading 87% of the resource to Indicated, paving the way for development studies and a substantial drilling campaign.

Castile Resources has kicked off pilot plant bench scale testing for its Rover 1 project, integrating a 41% resource upgrade and higher metal prices into its Bankable Feasibility Study. The company also secured $8.4 million in funding and is preparing for exploration drilling amid regional consolidation.

West African Resources (ASX:WAF) closed Q1 2026 with a record A$847 million cash balance, underpinned by robust gold production of 107,728 ounces at an AISC of US$1,921/oz. Meanwhile, Burkina Faso's government formalised a 25% acquisition in the Kiaka project for A$175 million, marking a significant shift in ownership.

Patronus Resources has pledged to back Pan African Resources’ A$311 million acquisition of Emmerson Resources, raising committed shareholder support to about 32%. The backing is conditional on the share exchange ratio, absence of superior proposals, and a positive independent expert opinion.

Emmerson Resources has amended its acquisition scheme deed with Pan African Resources, nominating a Pan African subsidiary as the acquiring party while keeping the share exchange ratio intact.

West African Resources Limited reported first-quarter gold production of 107,728 ounces, maintaining momentum toward its 2026 guidance of 430,000 to 490,000 ounces. Concurrently, the company continues confidential discussions with the Burkina Faso government regarding an increased equity interest in its Kiaka operation.