Latest Guinea News

St Barbara Limited reports solid progress on key transactions with Lingbao Gold Group and Kumul Mineral Holdings, aiming to complete deals and trigger a Final Investment Decision for the New Simberi Gold Project by the end of March 2026.

DeSoto Resources has confirmed high-grade gold mineralisation in maiden drilling at its expansive Siguiri Basin projects in Guinea, backed by a strong treasury and a US$12.5 million funded alliance with Fortuna Mining.

Enegex Limited has acquired a vast 3,700 km² gold exploration portfolio in Côte d’Ivoire, led by seasoned explorer Paul Roberts, setting the stage for a major push in West Africa’s prolific Birimian Belt.

DeSoto Resources has significantly expanded its footprint in Guinea’s prolific Siguiri Basin by acquiring three new reconnaissance projects and advancing multiple exploration programs across its portfolio.

Lakes Blue Energy has completed drilling and begun production testing at its Wombat-5 well, while progressing plans for proof-of-concept drilling at the Portland Energy Project targeting up to 1 trillion cubic feet of gas.

RBR Group Limited reports a significant uptick in tender opportunities exceeding US$80 million following the restart of major LNG projects in Mozambique, alongside steady contract revenues and ongoing infrastructure investments.

Pacific Lime and Cement Limited reports steady progress on its Central Lime Project in Papua New Guinea, securing key government agreements and strategic partnerships while maintaining financial discipline.

Tolu Minerals Limited reports steady progress at its Tolukuma Gold Mine, advancing a major mine expansion project targeting 500 tonnes per day production by the first quarter of 2027. Key infrastructure developments, drilling expansion, and processing plant refurbishments underpin the company’s growth strategy.

Bougainville Copper Limited has selected China’s CMOC Group as its preferred partner to redevelop the Panguna Mine, but the Autonomous Bougainville Government’s president favors a rival Indian firm, casting uncertainty over the project’s future.

LCL Resources reported promising high-grade gold-copper-silver assays from trenching in Papua New Guinea and is actively pursuing lower-risk jurisdiction assets while advancing its Colombian option agreement.

Canterbury Resources has completed a positive Scoping Study for its Briggs Copper Project, confirming a large-scale mineral resource and committing to a Pre-feasibility Study. The company also raised $1.24 million via a Share Purchase Plan during the quarter.

Robex Resources has achieved a significant milestone with the first gold pour at its Kiniero Gold Project in Guinea, while securing strong shareholder backing for its merger with Predictive Discovery Limited.