Latest African Resources News

West African Resources has reported a robust first half of 2025, delivering A$215 million in net profit after tax on the back of strong gold production and sales.

Cadence Capital Limited reported a $6.3 million profit and a 3.4% fund gain for FY25, driven by strong gold sector performance. The company announced a 3.0 cent final dividend with a dividend reinvestment plan and on-market buy-back.

West African Resources Limited has unveiled an updated 10-year gold production plan, projecting a peak output of 569,000 ounces in 2029 supported by 12.2 million ounces in Mineral Resources and 6.5 million ounces in Ore Reserves.

Emmerson Resources’ latest scoping study confirms the White Devil gold deposit as a major mine with a robust resource base and strong financial metrics, setting the stage for feasibility studies and production growth.

West African Resources Limited reported a robust quarter with strong operating cash inflows and significant investment in exploration, ending June 2025 with A$279 million in cash. The company’s strategic financing and spending patterns highlight its commitment to growth in West Africa’s gold sector.

West African Resources delivered solid Q2 gold production and cash flow, with the Kiaka project completing construction early and under budget. High-grade drilling results at M1 South promise further resource growth.

Emmerson Resources’ latest Scoping Study confirms the White Devil Gold Project as a Major Mine, projecting robust financial returns and a seven-year mine life. With feasibility studies underway and a strategic JV structure, the project is poised for development in the Northern Territory.

West African Resources has achieved its first gold pour at the Kiaka project while maintaining solid production at Sanbrado, positioning the company well to meet its 2025 targets.

Emmerson Resources has initiated critical geotechnical drilling at its White Devil Gold Deposit, progressing towards a feasibility study following a comprehensive reverse circulation drill campaign. The company’s scoping study signals strong potential for a major mine designation.

Metals Australia has commenced a significant drilling campaign at its Warrego East Project in the Northern Territory, aiming to unlock copper, gold, and bismuth resources adjacent to historic mines in the Tennant Creek Mineral Field.

Emmerson Resources updates its White Devil scoping study, revealing strong open pit potential with over 60% of its 611,400oz gold resource convertible at a conservative A$4,000/oz price. The study advances mine design, underground evaluation, and permitting, setting the stage for development.

Emmerson Resources reveals a promising update on its White Devil gold project, confirming a major mine development opportunity with over 60% of its 611,400oz resource convertible to an open pit. The Scoping Study is on track for completion by early July 2025, setting the stage for a Pre-Feasibility Study.