Latest Guinea News

DMC Mining’s planned acquisition of the Firawa and Labé uranium projects in Guinea faces delays due to exploration license approvals, while the company’s cash reserves dwindle to just A$14,000.

Lakes Blue Energy has secured $6.5 million in new capital and is set to begin drilling the Wombat-5 gas well, targeting near-term supply to Victoria’s east coast market. Meanwhile, its Nangwarry carbon dioxide project moves forward with a fully funded feasibility study.

LCL Resources has secured a A$14 million cash deal plus royalty rights by divesting its Colombian projects to Tiger Gold Corporation, while advancing promising exploration programs in Papua New Guinea.

Tolu Minerals reports significant progress at its Tolukuma Gold Mine, unveiling infrastructure upgrades and a $14.3 million exploration program aimed at boosting production and extending mine life.

Predictive Discovery has released a Definitive Feasibility Study for its Bankan Gold Project, confirming a robust 12.2-year mine life with strong financial returns and advancing key permits toward production.

St Barbara Limited reports steady gold production and strong financials while progressing the Simberi Expansion Project, though a PNG tax dispute delays funding decisions.

RocketDNA reported steady revenue for the June 2025 quarter while significantly expanding its autonomous drone services across Australia, Africa, and Papua New Guinea. New contracts and operational milestones underscore its growing footprint in mining and government sectors.

Asara Resources has kicked off Phase 1 drilling at its Massan Deposit in Guinea’s Kada Gold Project, while resolving a key legal dispute in Chile and maintaining a solid cash position of A$3.2 million.

Geopacific Resources has launched a major drilling campaign at its Woodlark Gold Project, unveiling high-grade surface results and new exploration targets, while St Barbara Limited moves to become a strategic shareholder.

Advanced Braking Technology Ltd (ABT) posted a robust FY25 with sales up 27% and underlying profits nearly doubling, driven by strong international demand and innovation milestones.

Resolute Mining delivered steady gold production in Q2 2025 while progressing its strategic expansion with the Doropo acquisition and promising Bantaco resource estimates. The company remains on track for its 2025 guidance despite operational challenges.

Asara Resources has raised $25 million through a well-supported institutional placement to accelerate exploration at its promising Kada Gold Project in Guinea. The capital injection aims to expand drilling and resource growth over the next 12-18 months.