Latest Guinea News

Augustus Minerals has secured a key position in the Mt Kare Gold Project by acquiring ACM Contract Mining PNG Ltd, positioning itself second-in-line for the exploration license in Papua New Guinea.

Predictive Discovery’s Definitive Feasibility Study confirms the Bankan Gold Project in Guinea as a large-scale, long-life operation with robust economics and strong production potential.

Predictive Discovery’s Definitive Feasibility Study for the Bankan Gold Project confirms robust economics with a 12.2-year mine life producing 250,000 ounces annually and a post-tax NPV of US$1.6 billion. The study outlines a clear path to construction and production in Guinea, backed by strong financial returns and environmental approvals.

Tolu Minerals has launched a AU$15 million exploration campaign deploying seven diamond drill rigs to expand the Tolukuma gold mineralised corridor in Papua New Guinea, aiming to boost production and extend mine life.

DeSoto Resources has reported promising high-grade gold assay results from a recent shallow power auger drilling program at its Dadjan Gold Project in Guinea’s prolific Siguiri Basin. The findings confirm extensive gold anomalism along key structural trends, reinforcing the project’s exploration potential.

DeSoto Resources has commenced its first diamond drilling program at the Spectrum rare earths, gold, and copper project in the Northern Territory, targeting multiple promising geophysical anomalies.

Lakes Blue Energy NL has secured $6.5 million through a fully underwritten placement to fund drilling at its Wombat Gas Field in Victoria, aiming to address looming gas supply shortages on Australia's east coast.

St Barbara’s application for early renewal of the Simberi Mining Lease is set for review by Papua New Guinea’s Mining Advisory Council in June, a crucial step toward expanding gold production.

St Barbara Limited updates its FY25 gold production guidance amid temporary mining delays caused by heavy rainfall at Simberi, while maintaining steady cost expectations and financial resilience.

Mayur Resources has marked significant progress at its Central Lime Project in Papua New Guinea, completing key wharf infrastructure and ordering essential construction equipment ahead of major build phases.

Santos Limited has received a compelling non-binding proposal from the XRG Consortium to acquire the company at a significant premium, prompting the board to engage in due diligence and negotiations. This move could reshape the Australian energy landscape if finalized.

Tolu Minerals has launched a major exploration campaign targeting historically rich gold veins near the Tolukuma Gold Mine in Papua New Guinea, aiming to expand its mineral resources with drilling planned for Q3 2025.