In August 2022, Orea announced that it would be buying out Nordgold's majority stake in the 5-million-ounce project for C$100 million.

The company has won a protracted battle for control of miner Royal Bafokeng Platinum after bid rival Northam Platinum sold its stake.

The first phase of drilling follows the corridor lighting up as prospective during the 2022 geophysical survey, which at least one analyst notes could add significant resource growth potential.

Heliostar acquired the Ana Paula project from Argonaut Gold for $30 million in March.

It seemed graphite — the anode material used in EV batteries — was set to follow in lithium’s wake having been ignored by investors throughout last year’s lithium-buying mania.

Prior to this, bullion has been consolidating around the $1,950 level as investors wait for a clearer outlook on the Federal Reserve’s monetary policy path.

China's gross domestic product grew 0.8% in April-June from the previous quarter compared with a 2.2% expansion in Q1.

The JV partner is currently in the process of completing a preliminary economic assessment for Slivova.