Market News
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Indicated resources at Tanzania gold prospect up 409% to 205 347 oz
Posted on :Friday , 16th September 2016
East Africa-focused gold producer, developer and explorer Shanta Gold has upgraded its Joint Ore Reserves Committee-compliant resource estimate at the Ilunga satellite deposit at the New Luika Gold Mine (NLGM), in south-west Tanzania, with indicated resources increasing by 409% – from 40 352 oz of gold to 205 347 oz of gold.
Ilunga is located in the Lupa goldfields, about . . .Black Rock Mining Ltd bags $5M in oversubscribed placement
Posted on :Wednesday , 14th September 2016
Black Rock Mining Ltd (ASX:BKT) has pocketed $5 million in in oversubscribed placement of 33.3 million shares at $0.15, to institutional and sophisticated investors.
The funds raised will be invested into the company’s Mahenge Graphite Project in Tanzania, one of the largest JORC graphite resources globally.The company rec. . .Black Rock Mining Ltd to reveal funding proposal
Posted on :Monday , 12th September 2016
Black Rock Mining Ltd (ASX:BKT) has been granted a trading halt by the ASX this morning, pending details of a funding proposal.
Black Rock is focused on its Mahenge graphite project in Tanzania.The halt will remain in place until the opening of trade on Wednesday 14th September 2016, or earlier if an announcement is made to the . . .Magnis Resources Ltd produces high quality graphite from Tanzania
Posted on :Monday , 12th September 2016
Magnis Resources Ltd (ASX:MNS) has demonstrated the use of flake concentrate from the Nachu Graphite Project in Tanzania for the production of spherical graphite for lithium ion batteries.
The company used milling equipment in Europe to process flake concentrate produced from composite diamond drill core to ensure a representative sample of the ore body.. . .Buckreef Gold Mine Receive USD1.25m Financing for Development
Posted on :Wednesday , 7th September 2016
Tanzanian Royalty Exploration Corporation (TSE: TNX; NYSE MKT: TRX) received the first USD1.25m tranche of USD5m financing for mining development at its Buckreef gold mine.
The funds will be used by the company to expand its production team necessary to boost development of the Buckreef gold mine in Tanzania.
The capital is raised through a private placement of securities . . .
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