Latest Tanzania News

Magnis Energy Technologies advances financing for its Nachu Graphite Project while navigating the complexities of Imperium3 New York Inc’s bankruptcy and ongoing ASX suspension.

Noble Helium has postponed its Western margin drilling program and appointed Dennis Donald as Non-Executive Chairman, while actively pursuing refinancing and cost-saving measures to sustain its flagship North Rukwa Project.

Cassius Mining Limited reports significant progress on its Soalara Limestone Project in Madagascar, alongside ongoing international arbitration against Ghana seeking USD 277 million in damages. The company also strengthens its balance sheet with recent equity raises totaling approximately AUD 1.53 million.

Adavale Resources has completed the acquisition of a 72.5% stake in the Parkes Gold and Copper Project, delivering promising early exploration results and securing $722,000 in new funding to support upcoming drilling programs.

Indiana Resources reports significant high-grade gold assay results extending the Minos Southwest Zone and deepening mineralisation, alongside a strong cash position and corporate developments including a proposed capital return.

Peak Rare Earths made significant strides in the March 2025 quarter, progressing its Ngualla Rare Earth Project, securing A$8.5 million in capital, and benefiting from a surge in rare earth prices driven by growing EV demand and evolving Chinese regulations.

EcoGraf Limited has advanced its vertically integrated battery anode materials business with a US$105 million loan mandate for the Epanko Graphite Mine, expanded mining licences, and progress in purification technology and community initiatives.

Moab Minerals reports robust uranium mineralisation from its Manyoni Project in Tanzania and progresses exploration in Colorado’s Uravan Belt, supported by a recent $500k capital raise.

Resource Mining Corporation (ASX: RMI) reported promising initial gold assays from its Saudi Arabian projects and is evaluating near-term gold production in Tanzania, while managing a constrained cash position and new funding arrangements.

Volt Resources Limited reports strong quarterly progress in graphite production and downstream development, securing new orders and partnerships while advancing US refinery plans and implementing cost-saving measures.

eMetals Limited has completed initial field activities at its Busia Gold Project in Uganda, with soil and rock chip sampling underway and results pending. The company also reports ongoing exploration potential at its Mubende Gold Project and maintains a robust cash balance of nearly $3 million.

Adavale Resources has identified additional exploration targets at its Parkes Project and remains on track for maiden drilling in Q2 2025, reinforcing its position in the highly prospective Lachlan Fold Belt.