Latest West Africa News

Castle Minerals has advanced its West African gold exploration with extensive soil sampling and auger drilling, while strengthening its board and maintaining a solid cash position of approximately A$3 million.

Perseus Mining reported a mixed December quarter with stable overall production guidance but rising costs and strong cash reserves, while advancing key projects in West Africa and Tanzania.

Toubani Resources has landed a credit-approved term sheet from Coris Bank for more than US$80 million in project financing, marking a significant step forward for its Kobada Gold Project in Mali.

Enegex Limited has reported promising gold exploration results in Côte d’Ivoire and Western Australia, supported by a $5 million capital raise and strategic board appointments.

West African Resources Limited reported a robust cash flow for the December 2025 quarter, ending with a strong cash position of A$584.1 million. The company’s operating activities generated significant cash inflows, offsetting substantial investing and financing outflows.

Turaco Gold has announced significant extensional drilling results at its Adiopan prospect, adding approximately 1.5 kilometres of high-grade gold mineralisation. This breakthrough is set to materially increase the Afema Project's Mineral Resource Estimate, with an update expected in the first quarter of 2026.

Altair Minerals has confirmed a 1km southward extension of its South Oko gold soil anomaly, unveiling three open targets and setting the stage for maiden drilling. Meanwhile, its Olympic Domain copper-gold project remains a strategic focus amid ongoing commercial talks with BHP.

Desert Metals Limited has completed the second tranche of its placement, raising a total of $1.25 million through new shares and options issued to investors and its lead manager.

Asara Resources has reported robust drilling results at its flagship Kada Gold Project in Guinea and initiated a major resource expansion campaign, alongside a strategic acquisition to broaden its regional footprint.

Resolute Mining reported solid 2025 production and financial results, underpinned by strategic project developments in West Africa. The company’s updated Doropo feasibility study and robust cash position set the stage for significant growth in 2026.

Miramar Resources has restructured its board, appointing Marion Bush as Managing Director and Jono Fisher as Non-Executive Chairman, aiming to drive growth and exploration success in Western Australia.

Santa Fe Minerals is set to finalise its acquisition of gold projects in Cote d’Ivoire, pending the completion of a capital raising expected this week. This move marks a significant step in the company’s expansion strategy in West Africa.