Latest Guinea News

Arrow Minerals has secured $7 million through a well-supported placement to advance its flagship Niagara Bauxite and Simandou North Iron projects in Guinea, setting the stage for key resource milestones and development studies.

Mitchell Services reported a $46.7 million revenue and $5.6 million EBITDA in Q2 FY25, reflecting a strategic transition phase marked by increased mobilisation for new projects in PNG and decarbonisation drilling. Despite short-term softness, the company’s strengthened balance sheet and expanded service offerings position it for growth.

Asara Resources has resumed exploration activities at its flagship Kada Gold Project in Guinea, appointing key technical consultants and preparing for a targeted drilling program to upgrade its mineral resource estimate.

Lindian Resources has secured a US$50 million non-binding funding term sheet with Gerald Group, progressing its Kangankunde Rare Earths Project, while also signing a 10-year lease for its Woula bauxite project in Guinea and navigating significant board changes.

Monadelphous Group Limited signals a stronger-than-expected half-year profit, driven by improved operating margins and favourable non-operating items.

Voltaic Strategic Resources has acquired a 4.2% shareholding in Geopacific Resources, gaining strategic exposure to the Woodlark Gold Project in Papua New Guinea, a well-capitalised development with a 12-year mine life and significant exploration upside.

Geopacific Resources has successfully closed a fully subscribed A$40 million entitlement offer, positioning the company to advance its Woodlark Gold Project with a major drilling program and updated feasibility study.

Rio Tinto's Q4 2024 production results reflect steady operational performance with record bauxite output and significant progress on key growth projects like Oyu Tolgoi and Rincon lithium expansion.

Arrow Minerals reports exceptional metallurgical testwork results from its Simandou North Iron Project, revealing a high-grade, low-alumina hematite fines product with strong potential for premium pricing. This milestone follows a strategic MoU with Baosteel, positioning Arrow for accelerated project development.

Many Peaks Minerals has initiated diamond drilling at its Ferké gold project in Côte d'Ivoire, following extensive auger and air core drilling campaigns at Ferké and Odienné. Assay results are eagerly awaited as the company targets extensions of high-grade gold mineralisation.

Arrow Minerals is fast-tracking a Scoping Study for a Direct Shipping Ore operation at its Niagara Bauxite Project in Guinea, leveraging strong drilling results and strategic infrastructure access to capitalise on record bauxite prices.

Bougainville Copper Limited has appointed Johnny Patterson Auna as its permanent CEO, marking a key leadership milestone as the company prepares to ramp up operations at the Panguna mine project.