MINING NEWS
Continued drilling builds scale at Blaffo Guetto ASX-listed African Gold recently reported
further drilling success at the Blaffo Guetto deposit within the Didievi Gold Project in Côte d’Ivoire, with recent results continuing to confirm the scale, continuity and growth potential of the mineralised system. Current drilling has focused on aggressive step-outs from the existing MRE, which successfully extended mineralisation to the east, along strike and at depth. These results confirm continuity of mineralisation and indicate the system remains open, informing ongoing work towards a future resource update. The combined outcomes of consistent drilling success, encouraging metallurgical performance and advancing technical studies mark a further step in systematically de-risking the Blaffo Guetto deposit. Environmental baseline programmes and supporting technical work are progressing in parallel, ensuring the project continues to move forward in a disciplined and development- focused manner. African Gold Chief Executive Officer, Adam Oehlman, said: “Blaffo Guetto continues to demonstrate
African Gold reported further drilling success at the Blaffo Guetto deposit in Côte d’Ivoire.
open-pit-constrained resource growth. In parallel, the acquisition by Montage Gold represents a compelling outcome for African Gold shareholders, crystallising value while retaining exposure to the upside of Didievi within a larger, well- capitalised development platform.” n
its quality and scale, with recent drilling extending mineralisation more than 150 metres from the last MRE and confirming continuity across the system. These results also indicate potential for additional near-surface high-grade mineralisation, informing ongoing evaluation of
Cennergi Holdings is the preferred bidder under Bid- Window 7 of the REIPPPP Diversified mining and energy group Exxaro Resources recently announced that its wholly owned subsidiary Cennergi, in collaboration with ENGIE, is the preferred bidder under the seventh Bid Window of the Renewable Energy Independent Power Producer Procurement
Barrick completes Tongon transaction
Programme (REIPPPP) for the 240MW Corona Solar Project located in the Free State. Achieving financial close on the Corona solar PV facility will add 112MW to Cennergi’s capacity, resulting in total assets under construction and operation of 607MWnet (890MWgross). Ben Magara, CEO of Exxaro, said: “We are excited to have been successful in this competitive bidding process that further extends our footprint across South Africa as we work towards realising a just and inclusive energy transition.” n
Leading global miner, Barrick Mining, has divested of its interests in the Tongon gold mine and certain of its exploration properties in Côte d’lvoire to the Atlantic Group for total consideration of up to $305 million. The consideration is composed of cash consideration of $192 million, inclusive of a $23 million shareholder loan repayment within six months of closing, and contingent cash payments totalling up to $113 million payable based on the price of gold over 2.5 years and resource conversions over 5 years. n
Cennergi, in collaboration with ENGIE, are the preferred bidder for the 240MW Corona Solar Project.
6 MODERN MINING www.modernminingmagazine.co.za | February 2026
Made with FlippingBook flipbook maker