Exploration - Copperbelt Katanga Mining

BHP to Invest A$40 Million in Botswana Copper Exploration with Cobre

March 13, 2025March 13, 2025 Constance0 comment

Mining giant BHP has committed up to A$40 million to explore potential Tier 1 copper-silver deposits in Botswana through a partnership with Australia-listed Cobre. Announced on Monday, the agreement provides funding to advance Cobre’s Kitlanya East and Kitlanya West copper projects, located along the northern and southern basin margins of the Kalahari Copper Belt. Under the earn-in agreement, BHP will invest up to $25 million (approximately A$40 million) in exploration expenditure to acquire a 75% stake in the Kitlanya projects. An initial $5 million will be invested within the first… Read More Here

International Exploration New Mining Projects

Botswana Diamonds Expands Exploration with 11 New Prospecting Licences

March 13, 2025March 13, 2025 Constance0 comment

AIM-listed Botswana Diamonds has applied for 11 prospecting licences in Botswana, targeting copper, silver, cobalt, gold, nickel, zinc, and platinum group metals. This move follows the company’s AI-driven exploration programme, which initially focused on diamonds but uncovered hidden polymetallic deposits across the country. The nationwide AI exploration initiative began with a focus on diamonds. However, during data analysis, it became evident that the technology could also identify undiscovered polymetallic targets. “Our analysis has revealed a series of promising targets in copper, cobalt, zinc, and gold,” said chairperson John Teeling. “We… Read More Here

Mining in Zambia Corporate News Exploration New Mining Projects

Midnight Sun Announces Significant New Targets at Kazhiba

February 27, 2025February 27, 2025 Constance0 comment

Midnight Sun Mining Corp. (TSXV: MMA / OTC: MDNGF) (“Midnight Sun” or the “Company”) has announced the successful results from its 2024 geochemical and geophysical exploration programs, which have uncovered significant new sulphide and oxide copper targets at the Kazhiba property. Exploration drilling is scheduled to begin in early Q2, with the aim of testing these newly identified targets. The Partial Ionic Leach geochemistry results have revealed a strong copper anomaly stretching over four kilometres, which aligns with high chargeability and low resistivity zones identified in the induced polarization (IP)… Read More Here

Mining in DRC Exploration New Mining Projects

DRC Leads Africa in Mineral Exploration with $130.7 Million Attracted in 2024

February 25, 2025February 25, 2025 admin

Mining companies invested $130.7 million in exploration in the Democratic Republic of Congo (DRC) in 2024, according to a report by S&P Global Market Intelligence published on February 21, 2025. This amount represents 10% of the $1.3 billion invested in Africa that year, making the DRC the continent’s leader. These investments are unevenly distributed, with copper dominating, absorbing $71.5 million. Thanks to this performance, the DRC ranked 9th globally, slightly ahead of its African competitor, Zambia, the continent’s second-largest copper producer, which attracted $65.5 million in 2024. In the cobalt… Read More Here

Press Release Corporate News Exploration International New Mining Projects

Ivanhoe Mines Commences Exploration for Sediment-hosted Copper in Central Kazakhstan

February 16, 2025February 16, 2025 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced yesterday that an Exploration Joint Venture has been formed to explore the Chu-Sarysu Copper Basin in Kazakhstan, the world’s third-largest sediment-hosted copper district. The Joint Venture, with UK-based private company Pallas Resources, covers a highly prospective licence package of up to 16,000 km2, which spans an accumulated dataset of Soviet-era exploration data. For comparison, the licence package is approximately 7.5 times the size of Ivanhoe’s Western Forelands Exploration Project. Ivanhoe has committed to fund $18.7… Read More Here

Mining in Zambia Corporate News Exploration New Mining Projects

Zambia’s IRL Partners with Barrick Gold to Boost Mining Exploration and Development

February 9, 2025February 11, 2025 Constance

Industrial Resources Limited (IRL), a subsidiary of Zambia’s Industrial Development Corporation (IDC), has partnered with Barrick Gold Corporation, a global mining leader, to advance exploration and development in Zambia’s mining sector. This strategic collaboration aims to unlock Zambia’s rich mineral potential, support the country’s mining growth targets, and drive economic development. The initiative aligns with Zambia’s broader vision to expand its mining sector, targeting an annual copper production of three million metric tons over the next decade. By combining IRL’s strong local expertise with Barrick’s world-class mining capabilities, the partnership… Read More Here

Mining in Zambia Exploration New Mining Projects

FQM DRIVES ZAMBIAN MINING GROWTH WITH LANDMARK COPPERBELT GEOLOGICAL SURVEY

January 28, 2025January 28, 2025 Constance

LUSAKA, ZAMBIA – Recognising the vast untapped potential of the Copperbelt Province, First Quantum Minerals (FQM) has handed over a ground-breaking aerial geological survey of the Copperbelt to the Zambian government. The survey, entirely funded by FQM, addresses the lack of comprehensive documentation of the region’s mineral wealth, despite over a century of mining operations. Now complete, the survey has been officially handed-over to Zambia’s Minister of Mines and Mineral Development during a ceremony hosted by His Excellency President Hakainde Hichilema. The airborne geophysical data, which is available through the… Read More Here

International Exploration Technology & Innovation

Ivanhoe Electric and BHP Launch First Survey in Arizona Under Exploration Alliance

January 9, 2025January 9, 2025 Constance

Ivanhoe Electric (NYSE American: IE, TSX: IE) has launched its inaugural geophysical survey using the advanced Typhoon data acquisition system as part of a copper exploration alliance with global mining giant BHP (ASX, NYSE: BHP). The partnership, established in May 2024, aims to uncover hidden mineral deposits across the southwestern United States. The exploration focuses on six areas of interest in Arizona, New Mexico, and Utah, spanning approximately 3,655 km². BHP has committed $15 million in funding over a three-year period, while Ivanhoe Electric will serve as the operator, deploying… Read More Here

Exploration Copper Corporate News New Mining Projects

KoBold Metals Raises $537 Million to Accelerate AI-Driven Mineral Exploration

January 3, 2025January 3, 2025 Constance

KoBold Metals, a Berkeley-based mining and artificial intelligence (AI) start-up backed by Bill Gates and Jeff Bezos, has raised $537 million in its latest funding round. This Series C round values the company at $2.96 billion and was co-led by existing investor T. Rowe Price and Durable Capital Partners. Other participants included Gates’ Breakthrough Energy Ventures, Andreessen Horowitz, and new backers like StepStone. With total funding of $1 billion to date, KoBold is positioning itself as a leading competitor in the critical minerals sector, challenging China’s dominance. The company specializes… Read More Here

Mining in Zambia Copper Exploration New Mining Projects

Patriot Lithium Secures Major Stake in Zambia’s Kitumba Copper Exploration License

December 5, 2024December 5, 2024 Constance

Australian mining company Patriot Lithium has reached an agreement with Newlight Nominees Zambia to acquire a 90% stake in the Kitumba Copper Large Scale Exploration License. The 255 km² license is strategically situated near Sinomine’s newly inaugurated $600 million Kitumba Copper Mine, which boasts an annual production capacity of 50,000 tons. This proximity positions Patriot to capitalize on a region with established mining infrastructure and proven copper potential. Patriot Lithium paid an initial $25,000 signing fee and has a 12-month window to establish a Special Purpose Vehicle (SPV) to complete… Read More Here