Latest African Resources News

Tusker Minerals has reported significant progress in its Cameroon and Malawi projects, confirming promising graphite and rutile mineralisation and expanding its tenement holdings. The company’s strategic corporate moves and infrastructure investments position it for a transformative 2026.

Toubani Resources has landed a credit-approved term sheet from Coris Bank for more than US$80 million in project financing, marking a significant step forward for its Kobada Gold Project in Mali.

West African Resources Limited reported a robust cash flow for the December 2025 quarter, ending with a strong cash position of A$584.1 million. The company’s operating activities generated significant cash inflows, offsetting substantial investing and financing outflows.

West African Resources has met its 2025 gold production and cost targets for the fifth consecutive year, reporting robust quarterly results and promising exploration outcomes that suggest extended mine life at Sanbrado.

West African Resources has delivered a record 300,383 ounces of gold in 2025, hitting its production guidance for the fifth consecutive year, driven by strong performances at its Sanbrado and Kiaka mines in Burkina Faso.

Emmerson Resources and Pan African Resources have approved a $6.9 million exploration budget for the Tennant Creek Joint Venture in Q1 2026, marking the largest quarterly spend in over two decades. The program targets high-grade gold deposits with extensive drilling and geophysical surveys.

West African Resources reports significant diamond drilling results beneath the M5 North open-pit at Sanbrado, revealing high-grade gold mineralisation and potential to extend mine life beyond current reserves.

Askari Metals has completed its acquisition of the Nejo Gold and Copper Project in Ethiopia, gaining a strategic foothold in a prolific gold-copper belt. With active exploration underway and strong financial backing, the company is poised to accelerate resource development.

West African Resources Limited has resumed trading on the ASX following a government request to acquire an additional 35% stake in its Kiaka subsidiary, signaling a notable shift in ownership dynamics.

West African Resources is advancing negotiations with the Burkina Faso Government over equity interests in its Kiaka gold project, proposing alternatives to direct government ownership to boost national benefits without diluting shareholder value.

Emmerson Resources has updated the Mineral Resource Estimate for its White Devil gold deposit, reporting 616,200 ounces with a significant increase in Indicated resources. Feasibility studies are now underway, marking a key step towards development.

Orezone Gold Corporation reported solid Q3 and nine-month 2025 results from its Bomboré gold mine, with production slightly down but revenue boosted by higher gold prices. The company’s hard rock expansion is on track for first gold in December 2025, supporting its 2025 production guidance.