New Mining Projects - Copperbelt Katanga Mining

Xtract Resources Launches Diamond Drilling at Silverking Copper Project in Zambia

March 9, 2025March 9, 2025 Constance

London-listed Xtract Resources has commenced a diamond drilling program at its Silverking project (Licence 26673-HQ-LEL) in Zambia’s Mumbwa district, Central Province. The program aims to advance project development by assessing mineralisation potential and expanding exploration. Silverking operates under an option and joint venture agreement with Oval Mining, allowing Xtract to earn up to a 70% stake in the Silverking copper mine and its surrounding exploration licence. Key Drilling Objectives The drilling campaign seeks to: Advancing Mine Development Xtract’s executive chairperson, Colin Bird, emphasized the project’s advantage due to historical small-scale… Read More Here

Mining in DRC Copper New Mining Projects Tin

Rome Resources Confirms Extensive Copper and Tin Mineralization at Mont Agoma

March 6, 2025March 6, 2025 Constance

AIM-listed Rome Resources has announced promising assay results from drill hole MADD018 at its Mont Agoma prospect in the Democratic Republic of Congo. The results confirm a cumulative 62.25 m higher-grade copper zone at 0.61% within a broader 148 m intercept averaging 0.35% copper. Recent drilling has also revealed visible tin across a 40 m interval in hole MADD024, along with a 179 m visible copper zone. Located approximately 70 m beneath the earlier MADD012 drill hole—which reported a 40 m-wide tin zone grading between 0.1% and 0.3%—MADD024 appears to… Read More Here

Mining in DRC Gold New Mining Projects

Loncor Confirms High-Grade Gold Deposits at Adumbi Gold Mine in DRC

February 28, 2025February 28, 2025 Constance

Canadian exploration company Loncor has revealed the results of its deep drilling program at the Adumbi Gold Mine in the Democratic Republic of Congo, confirming high-grade gold deposits at various depths. The company reported intersections of deposits with grades of 26.94 grams per ton (g/t) at 0.45 meters, 5.82 g/t at 16.07 meters, and 4.77 g/t at 22.64 meters. John Barker, CEO of Loncor, explained that hole LADD027, located in the northwest of the Adumbi deposit, intersected the mineralization at a vertical depth of 478 meters below the surface, which… Read More Here

Mining in Zambia Copper New Mining Projects

Ecora Seals $50M Copper Stream Deal for Zambia’s Mimbula Mine

February 28, 2025March 3, 2025 Constance

Critical minerals-focused royalty company Ecora has finalized a $50-million copper stream agreement with Moxico Resources for its Mimbula Mine in Zambia. The deal covers Mimbula’s existing reserve-based life-of-mine (LoM) of 11 years and will support its ongoing expansion. Mimbula’s Phase 1 began producing copper in late 2022 and achieved 14,000 tonnes in 2024. Production is expected to ramp up to a steady 56,000 tonnes per year of copper cathode by mid-2026, following the completion of a Phase 2 brownfield expansion. London-listed Ecora stated that proceeds from the transaction will strengthen… 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 Constance

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 New Mining Projects

Ivanhoe Mines Announces Makoko Discovery Extended to over 13 Kilometres of Strike Length

February 26, 2025February 26, 2025 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced at the 34th annual Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, an update on the expansive 2024 drill campaign, as well as the 2025 exploration budget on the company’s 60%- to 100%-owned Western Forelands Exploration Project in the Democratic Republic of the Congo (DRC). Western Forelands’ 2024 drilling program was Ivanhoe’s largest to date, with over 80,000 metres of diamond drilling completed. Drilling was predominantly focused on a potential western extension along strike… 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

Mining in DRC About Company Corporate News New Mining Projects

Ivanhoe Mines and Kamoa Copper Announces Key Appointments

February 24, 2025February 24, 2025 admin

Ivanhoe Mines Executive Co-Chair Robert Friedland announced today at the BMO Global Metals, Mining & Critical Minerals Conference key appointments to strengthen the Executive Leadership Teams of Ivanhoe Mines and the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC). Marna Cloete, currently President of Ivanhoe Mines, has been appointed as President & Chief Executive Officer, reflecting nearly two decades of experience in building the Company to become a major, diversified metals producer. At the Kamoa Copper Joint Venture, Annebel Oosthuizen has been appointed as Managing Director, replacing… Read More Here

Mining in Zambia Copper New Mining Projects

Tertiary Minerals Advances Deep Drilling at Konkola West Copper Project

February 23, 2025February 23, 2025 Constance

Aim-listed Tertiary Minerals has reported significant progress in drilling at its Konkola West copper project in Zambia, with hole KWDD001 now exceeding 2,600 meters in depth. The drill is currently advancing through the Kitwe Formation, which forms the upper part of the Lower Roan Subgroup, a key copper-bearing geological unit in the Zambian Copperbelt. The drill hole is currently in the Shale with Grit unit of the Kitwe Formation, which typically lies 25 m to 225 m above the Ore Shale, the primary copper-hosting layer in the Konkola area. The… Read More Here

Mining in Zambia New Mining Projects Uranium

GoviEx Advances Muntanga Uranium Project Financing in Zambia

February 22, 2025February 22, 2025 Constance

TSX-listed GoviEx Uranium has appointed Endeavour Financial as its financial adviser, marking the first step in securing project financing for its Muntanga uranium project in Zambia. Muntanga is a near-term uranium project with well-established export routes to both Western and Eastern markets. It has a net present value (NPV) of $243 million, an internal rate of return (IRR) of 20.8%, and a rapid payback period of 3.8 years. The project is highly leveraged to uranium prices, with its NPV increasing by $45 million for every $5/lb rise in triuranium octoxide… Read More Here