Latest Guinea News

Tolu Minerals Limited reported a $6.7 million loss for the half-year to June 2025, doubling last year’s deficit as it invests heavily in refurbishing the Tolukuma Gold Mine and expanding exploration. A recent $27.25 million capital raise aims to fund these ambitious development plans.

ABx Group has locked in a significant investment deal with Good Importing International to develop its bauxite projects in Queensland and New South Wales, positioning itself to capitalize on recent global supply disruptions.

DeSoto Resources has revealed promising soil sampling results from its Tole and Dadjan projects in Guinea’s Siguiri Basin, identifying new gold anomaly zones that set the stage for upcoming maiden drilling campaigns.

Augustus Minerals has raised $1.675 million through a placement to fund maiden drilling at its Music Well gold targets and advance the Mt Kare project application. The capital boost positions the company with nearly $2.75 million in cash to accelerate exploration activities through 2025.

Geopacific Resources has won a crucial extension on its Woodlark Mining Lease in Papua New Guinea, providing vital flexibility to progress its 1.67 million ounce gold project ahead of a definitive feasibility study due later this year.

BSP Financial Group reveals the Papua New Guinea Government’s plan to shift accounts to a new state-owned bank, potentially denting BSP’s profits. The bank is evaluating the full impact and possible responses.

Geopacific Resources reports promising near-surface gold intercepts at its Woodlark Gold Project, highlighting new discovery potential adjacent to existing deposits and ongoing drilling to expand resources beyond 1.67 million ounces.

Robex Resources has amended its $130 million facility with Sprott, enabling access to $90 million without immediate permit approvals, accelerating development of its Kiniéro Gold Project in Guinea.

Augustus Minerals is progressing its second-in-time licence application for the Mt Kare Gold Project in Papua New Guinea, aiming to unlock a high-grade alkali epithermal deposit near the Porgera mine. The company is preparing for rapid underground development and aggressive drilling, contingent on regulatory outcomes.

SunRice reported steady FY25 financials with improved profitability despite revenue pressure, while advancing its 2030 Growth Strategy amid industry headwinds and leadership transition.

DeSoto Resources reports promising high-grade trenching results from its Dadjan and Tole Gold Projects in Guinea, setting the stage for a 10,000m reverse circulation drilling program across multiple sites.

Canyon Resources has confirmed its Minim Martap Bauxite Project in Cameroon as a world-class, tier-one operation with production set to begin in early 2026. The project boasts over 1 billion tonnes of high-grade bauxite, strong economics, and secured financing.