PERTH: Freehill Mining Limited’s wholly owned subsidiary, San Patricio Mineria SpA has executed a formal binding agreement with the vendor of the 750 hectare El Dorado Project, Minera El Dorado SCM, which grants San Patricio a three-month option to purchase these tenements that directly adjoin Freehill’s 67Mt Yerbas Buenas magnetite project. El Dorado Project is…
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Tectonic sells majority interest in Tectonic South Africa to Kazera Global
LONDON: Tectonic Gold plc has sold a majority interest in the Company’s South African projects to Kazera Global Plc. As announced on 18 December 2019, Tectonic will retain a non-diluting 10% interest in Tectonic South Africa Pty (rebranded Deep Blue Minerals Pty Ltd, “DBM”) alongside the 26% holding of incoming Black Economic Empowerment (BEE) partners.…
Mako Gold completes RD drilling on the Tchaga Prospect
MELBOURNE: Mako Gold Limited has completed its latest RC drilling program on the Tchaga Prospect at the Company’s 224 km2 Napié Project in Côte d’Ivoire. Mako is earning up to a 75% interest in the Napié Project under a farm-in and joint venture agreement with Occidental Gold SARL, a subsidiary of West African gold miner…
Petra Diamonds launches Artisanal small scale mining initiative in Koffiefontein
LONDON: Petra Diamonds Limited, a leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market, has announces the launch of an Artisanal Small Scale Mining (ASM) initiative in the Free State town of Koffiefontein in South Africa. This follows a process of extensive consultation and cooperation with…
Macarthur Minerals to seek dual listing on Australian Securities Exchange
LONDON: Macarthur Minerals has today announced its intention to seek a dual listing on the Australian Securities Exchange (ASX) before the end of 2019. On 16 August 2019, Macarthur lodged an application with ASX regarding its suitability for proposed admission to the ASX Official List. On 24 September 2019, the Company received “in-principle” advice from…