B2Gold Announces Positive Exploration Drill Results from Near Fekola and Anaconda Area Exploration Drilling

 
 

 B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") announces additional positive exploration drilling results from the Cardinal and FMZ zones near Fekola, and the Mamba zone in the Anaconda area:

 

Highlights

 
  • New high-grade drill results from the Cardinal and FMZ zones extend the mineralization to over 3.5 kilometres along strike, continuing to indicate potential for additional gold deposits near the Fekola mine, with additional potential at depth and along strike
  •  
  • Resource infill drilling completed at the Cardinal zone, with an initial Inferred Mineral Resource estimate expected in the first quarter of 2021
  •  
  • Additional high-grade drill intercepts at the Mamba zone extend the mineralized zone by over one kilometre, to a total known strike length of approximately 2.2 kilometres (20 kilometres north of Fekola)
  •  
  • Resource infill drilling at the Mamba zone in the Anaconda area approximately 90% complete, with an updated mineral resource estimate for the Anaconda area expected by the end of the fourth quarter of 2020
  •  
  • The Fekola deposit remains open to the north
  •  

Recent Exploration Drilling

 

In 2020, B2Gold continued exploration drilling near Fekola and the Anaconda area with an $18 million program in Mali that focussed on exploration at the Cardinal and FMZ zones near the Fekola deposit which demonstrate potential for additional gold deposits within 3 kilometres of the Fekola mill, expanding the mineral resources within the Anaconda area, including the Mamba zone, and further testing the sulphide zones.

 

Fekola Regional Exploration

 

B2Gold completed approximately 33,000 metres of combined reverse circulation and diamond drilling on the Cardinal and FMZ zones in 2020. The new high-grade drill results now extend the gold mineralization at the Cardinal and FMZ zones to over 3.5 kilometres along strike and intersected up to 350 metres vertically below surface, with the northern portion of the Cardinal zone passing within 500 metres of the current Fekola resource pit.  The high gold grade intersections at the Cardinal zone locally define a moderately northeast plunging shoot, which demonstrates good exploration potential down plunge. Mineralization at the Cardinal and FMZ zones remains open at depth and along strike. 

 

The Cardinal and FMZ zones comprise multiple, sub-parallel, west-dipping shear zones with an average width of approximately 10 metres for the main Cardinal zone. Within the shears, gold is spatially associated with quartz-carbonate veins and is strongly associated with the coarse grained pyrite.  Rare visible gold has been noted within the quartz-carbonate veins. 

 

In addition, most of the Cardinal and FMZ zones have now been drilled to approximately 50 x 50 metre centres, sufficient to commence the preparation of initial Inferred Mineral Resource estimate, which the Company expects to release in the first quarter of 2021.

 

Select results from the recent Cardinal and FMZ drilling include:

 
                                                                                                                                                                                    
 

Target

 
 

Hole ID

 
 

From (m)

 
 

To (m)

 
 

Meters

 
 

Gold g/t

 
 

FMZ

 
 

FKD_461

 
 

236.50

 
 

245.50

 
 

9.00

 
 

3.75

 
 

FMZ

 
 

FKD_462

 
 

135.20

 
 

146.00

 
 

10.80

 
 

13.34

 
 

FMZ

 
 

FKD_462

 
 

162.00

 
 

176.90

 
 

14.90

 
 

3.18

 
 

FMZ

 
 

FER_135

 
 

72

 
 

78

 
 

6

 
 

7.32

 
 

FMZ

 
 

FER_135

 
 

131

 
 

142

 
 

11

 
 

2.18

 
 

Cardinal

 
 

FKD_511

 
 

212.40

 
 

239.87

 
 

27.47

 
 

3.34

 
 

Cardinal

 
 

FKD_469

 
 

174.20

 
 

180.45

 
 

6.25

 
 

7.92

 
 

Cardinal

 
 

FKD_476

 
 

129.70

 
 

135.10

 
 

5.40

 
 

7.45

 
 

Cardinal

 
 

FKD_477

 
 

260.80

 
 

286.10

 
 

25.30

 
 

2.36

 
 

Cardinal

 
 

FKD_479

 
 

144.90

 
 

165.00

 
 

20.10

 
 

15.47

 
 

Cardinal

 
 

FKD_481

 
 

272.00

 
 

294.00

 
 

22.00

 
 

2.73

 
 

Cardinal

 
 

FKD_486

 
 

81.00

 
 

92.15

 
 

11.15

 
 

3.35

 
 

Cardinal

 
 

FKD_499

 
 

147.00

 
 

160.85

 
 

13.85

 
 

1.55

 
 

Cardinal

 
 

FKD_504

 
 

23.57

 
 

32.25

 
 

8.68

 
 

3.69

 
 

Cardinal

 
 

FKD_508

 
 

229.50

 
 

236.30

 
 

6.80

 
 

7.08

 
 

Cardinal

 
 

FKD_512

 
 

153.50

 
 

159.90

 
 

6.40

 
 

4.29

 
 

Cardinal

 
 

FKD_512

 
 

187.45

 
 

198.60

 
 

11.15

 
 

6.18

 
 

Cardinal

 
 

FKD_514

 
 

180.20

 
 

197.90

 
 

17.70

 
 

1.29

 
 

Cardinal

 
 

FER_098

 
 

58

 
 

72

 
 

14

 
 

3.80

 
 

Cardinal

 
 

FER_111

 
 

114

 
 

119

 
 

5

 
 

6.43

 
 

Cardinal

 
 

FER_115

 
 

93

 
 

108

 
 

15

 
 

8.85

 
 

Cardinal

 
 

FER_141

 
 

72

 
 

85

 
 

13

 
 

1.99

 
 

Cardinal

 
 

FER_143

 
 

62

 
 

91

 
 

29

 
 

1.41

 
 

Cardinal

 
 

FER_145

 
 

97

 
 

106

 
 

9

 
 

3.73

 
 

Cardinal

 
 

FER_147

 
 

138

 
 

146

 
 

8

 
 

3.19

 
 

Cardinal

 
 

FER_148

 
 

29

 
 

39

 
 

10

 
 

4.49

 
 

Cardinal

 
 

FER_149

 
 

132

 
 

138

 
 

6

 
 

3.57

 
 

Cardinal

 
 

FER_166

 
 

45

 
 

51

 
 

6

 
 

5.47

 
 

Cardinal

 
 

FER_181

 
 

111

 
 

124

 
 

13

 
 

2.57

 
 

 

Composites are reported above 0.6 g/t gold cutoff.

 
 

Cardinal: Schematic Long Section (NW Facing)

 
 

Cardinal: Schematic Long Section (NW Facing) (CNW Group/B2Gold Corp.)

 
 

Click here to view the Cardinal: Schematic Long Section (NW Facing)

 

Anaconda Area Exploration

 

B2Gold completed approximately 18,000 metres of combined reverse circulation and diamond drilling on the Anaconda area, focused mainly on the Mamba zone, in 2020. The Company has previously announced an Inferred Mineral Resource estimate for the Anaconda area of 767,000 ounces of gold at 1.1 grams per tonne ("g/t") in near surface saprolite mineralization over 4.5 kilometres and up to 500 metres wide. 

 

The exploration drilling on the Mamba zone focused on increasing the size of the known saprolite resource and further testing the underlying sulphide mineralization. The high-grade intercepts at the Mamba zone demonstrate well mineralized intersections of sulphide-hosted gold over a total strike length of approximately 2.2 kilometres, approximately 1.2 kilometres longer than previously reported. The good grade and width combinations continue to provide strong support for this interpretation, including intersections in MSD_200 (3.40 g/t gold over 15.80 metres) and MSD_201 (3.86 g/t gold over 13.80 metres), and provide a strong indication of the potential for a second Fekola-style south plunging body of sulphide mineralization, which remains open down plunge. One of the key geological aspects of the Mamba zone is the continuity in the high grade mineralization in the transition from saprolite- to sulphide-hosted zones of mineralization.

 

The Company also completed additional infill drilling in order to provide sufficient definition for an updated mineral resource estimate on the Anaconda area, which the Company expects to be completed by the end of the fourth quarter of 2020.  Geological modeling and the preliminary stages of resource estimation are currently in progress.

 

Select results from Mamba saprolite drilling include:

 
                                                                                                                
 

Target

 
 

Hole ID

 
 

From (m)

 
 

To (m)

 
 

Meters

 
 

Gold g/t

 
 

Domain

 
 

Mamba

 
 

BND_010

 
 

0.0

 
 

15.2

 
 

15.2

 
 

2.71

 
 

saprolite

 
 

Mamba

 
 

BND_010

 
 

43.1

 
 

66.0

 
 

22.9

 
 

1.22

 
 

saprolite

 
 

Mamba

 
 

BND_014

 
 

35.0

 
 

49.5

 
 

14.5

 
 

2.55

 
 

saprolite

 
 

Mamba

 
 

BNR_139

 
 

40.0

 
 

55.0

 
 

15.0

 
 

1.68

 
 

saprolite

 
 

Mamba

 
 

BNR_149

 
 

2.0

 
 

14.0

 
 

12.0

 
 

2.62

 
 

saprolite

 
 

Mamba

 
 

BNR_159

 
 

35.0

 
 

49.0

 
 

14.0

 
 

3.12

 
 

saprolite

 
 

Mamba

 
 

BNR_165

 
 

22.0

 
 

37.0

 
 

15.0

 
 

2.38

 
 

saprolite

 
 

Mamba

 
 

BNR_191

 
 

0.0

 
 

29.0

 
 

29.0

 
 

1.84

 
 

saprolite

 
 

Mamba

 
 

BNR_194

 
 

24.0

 
 

55.0

 
 

31.0

 
 

3.89

 
 

saprolite

 
 

Mamba

 
 

BNR_206

 
 

88.0

 
 

114.0

 
 

26.0

 
 

1.80

 
 

saprolite

 
 

Mamba

 
 

BNR_216

 
 

0.0

 
 

48.0

 
 

48.0

 
 

1.69

 
 

saprolite

 
 

Mamba

 
 

BNR_217

 
 

22.0

 
 

56.0

 
 

34.0

 
 

1.56

 
 

saprolite

 
 

Mamba

 
 

BNR_217

 
 

73.0

 
 

115.0

 
 

42.0

 
 

2.18

 
 

saprolite

 
 

Mamba

 
 

BNR_220

 
 

43.0

 
 

86.0

 
 

43.0

 
 

1.23

 
 

saprolite

 
 

Mamba

 
 

MSD_204

 
 

72.5

 
 

97.0

 
 

24.5

 
 

1.15

 
 

saprolite

 
 

 

Saprolite composites are reported above a 0.2 g/t gold cutoff.

 
 

Select results from the Mamba zone sulphide drilling include :

 
                                                                                                                                                                                             
 

Target

 
 

Hole ID

 
 

From (m)

 
 

To (m)

 
 

Meters

 
 

Gold g/t

 
 

Domain

 
 

Mamba

 
 

BND_006

 
 

100.5

 
 

116.1

 
 

15.6

 
 

2.49

 
 

sulphide

 
 

Mamba

 
 

BND_006

 
 

237

 
 

246

 
 

9

 
 

1.49

 
 

sulphide

 
 

Mamba

 
 

BND_007

 
 

172

 
 

185.5

 
 

13.5

 
 

1.66

 
 

sulphide

 
 

Mamba

 
 

BND_008

 
 

116

 
 

124.7

 
 

8.7

 
 

11.84

 
 

sulphide

 
 

Mamba

 
 

BND_008

 
 

146

 
 

158

 
 

12

 
 

2.77

 
 

sulphide

 
 

Mamba

 
 

BND_015

 
 

202.15

 
 

207.3

 
 

5.15

 
 

4.13

 
 

sulphide

 
 

Mamba

 
 

BNR_106

 
 

31

 
 

42

 
 

11

 
 

2.03

 
 

sulphide

 
 

Mamba

 
 

BNR_109

 
 

72

 
 

98

 
 

26

 
 

1.57

 
 

sulphide

 
 

Mamba

 
 

BNR_122

 
 

90

 
 

113

 
 

23

 
 

1.14

 
 

sulphide

 
 

Mamba

 
 

BNR_144

 
 

110

 
 

124

 
 

14

 
 

1.58

 
 

sulphide

 
 

Mamba

 
 

BNR_151

 
 

138

 
 

160

 
 

22

 
 

1.45

 
 

sulphide

 
 

Mamba

 
 

BNR_191

 
 

116

 
 

150

 
 

34

 
 

4.11

 
 

sulphide

 
 

Mamba

 
 

BNR_194

 
 

179

 
 

205

 
 

26

 
 

2.22

 
 

sulphide

 
 

Mamba

 
 

BNR_206

 
 

114

 
 

135

 
 

21

 
 

2.83

 
 

sulphide

 
 

Mamba

 
 

BNR_227

 
 

52

 
 

77

 
 

25

 
 

2.43

 
 

sulphide

 
 

Mamba

 
 

MSD_193

 
 

283.1

 
 

303.5

 
 

20.4

 
 

1.02

 
 

sulphide

 
 

Mamba

 
 

MSD_194

 
 

131.3

 
 

149

 
 

17.7

 
 

1.55

 
 

sulphide

 
 

Mamba

 
 

MSD_194

 
 

239.1

 
 

254.8

 
 

15.7

 
 

6.96

 
 

sulphide

 
 

Mamba

 
 

MSD_196

 
 

314.9

 
 

325.12

 
 

10.22

 
 

2.01

 
 

sulphide

 
 

Mamba

 
 

MSD_197

 
 

267.7

 
 

281.1

 
 

13.4

 
 

2.38

 
 

sulphide

 
 

Mamba

 
 

MSD_198

 
 

154.1

 
 

170.6

 
 

16.5

 
 

1.57

 
 

sulphide

 
 

Mamba

 
 

MSD_198

 
 

244.6

 
 

257.8

 
 

13.2

 
 

1.56

 
 

sulphide

 
 

Mamba

 
 

MSD_200

 
 

309.7

 
 

325.5

 
 

15.8

 
 

3.43

 
 

sulphide

 
 

Mamba

 
 

MSD_201

 
 

82.2

 
 

96

 
 

13.8

 
 

3.86

 
 

sulphide

 
 

Mamba

 
 

MSD_203

 
 

145.8

 
 

158.25

 
 

12.45

 
 

4.77

 
 

sulphide

 
 

Mamba

 
 

MSD_205

 
 

239.1

 
 

255

 
 

15.9

 
 

5.09

 
 

sulphide

 
 

 

Composites are reported above 0.6 g/t gold cutoff.

 
 

Mamba: Schematic Long Section (West Facing)  

 
 

Mamba: Schematic Long Section (West Facing) (CNW Group/B2Gold Corp.)

 
 

Click here to view the Mamba: Schematic Long Section (West Facing)

 

Ongoing Exploration

 

During the remainder of 2020, the Company plans to drill approximately 5,300 metres at the Anaconda area, where the focus will remain on expanding the saprolite and sulphide mineralization in the Anaconda area, including at the Mamba and Adder zones. 

 

For the Fekola region, drilling at the Cardinal and FMZ zones is ongoing, with an initial Inferred Mineral Resource estimate scheduled for completion in the first quarter of 2021. In addition, ongoing drilling will continue to expand the limits of known mineralization and will include step outs to the northeast, to target the projected intersection of the Cardinal and Fekola deposits at depth. 

 

B2Gold intends on releasing additional Fekola area exploration drill results later in 2020.

 

QA/QC on Sample Collection and Assaying

 

The primary laboratories for Fekola are SGS Laboratories in Bamako, Mali and Bureau Veritas Laboratories in Abidjan, Cote d'Ivoire. Periodically, exploration samples will be analyzed at the Fekola Mine laboratory.  At each laboratory, samples are prepared and analyzed using 50-gram fire assay with atomic absorption finish and/or gravimetric finish. Umpire assays are used to monitor lab performance monthly.

 

Quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the core, reverse circulation and aircore drilling sample strings. The results of the control samples are evaluated on a regular basis with batches re-analyzed and/or resubmitted as needed. All results stated in this announcement have passed B2Gold's quality assurance and quality control protocols.

 

About B2Gold Corp.

 

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines and numerous exploration and development projects in various countries including Mali and Colombia. B2Gold continues to forecast total consolidated gold production of between 1,000,000 and 1,055,000 ounces in 2020.

 

Qualified Persons

 

Tom Garagan, Senior Vice President of Exploration at B2Gold, a qualified person under NI 43-101, has reviewed and approved the information contained in this news release.

 

On Behalf of B2GOLD CORP.

 

"Clive T. Johnson"
President and Chief Executive Officer                                 

 

For more information on B2Gold please visit the Company website at www.b2gold.com or contact:

 
        
 

Ian MacLean

 
 

Katie Bromley

 
 

Vice President, Investor Relations

 
 

Manager, Investor Relations & Public Relations

 
 

604-681-8371

 
 

604-681-8371                                                                                      

 
 

imaclean@b2gold.com

 
 

kbromley@b2gold.com

 
 

The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release. 

 

Production results and production guidance presented in this news release reflect total production at the mines B2Gold operates on a 100% project basis. Please see our Annual Information Form dated March 20, 2020 for a discussion of our ownership interest in the mines B2Gold operates.

 

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including: projections; outlook; guidance; forecasts; estimates; and other statements regarding future or estimated financial and operational performance, gold production and sales, revenues and cash flows, and capital costs (sustaining and non-sustaining) and operating costs, including projected cash operating costs and AISC, and budgets on a consolidated and mine by mine basis; the impact of the COVID-19 pandemic on B2Gold's operations, including any restrictions or suspensions with respect to our operations and the effect of any such restrictions or suspensions on our financial and operational results; the ability of the Company to successfully maintain our operations if they are temporarily suspended, and  to restart or ramp-up these operations efficiently and economically, the impact of COVID-19 on the Company's workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, our planned capital and exploration expenditures;  future or estimated mine life, metal price assumptions, ore grades or sources, gold recovery rates, stripping ratios, throughput, ore processing; statements regarding anticipated exploration, drilling, development, construction, permitting and other activities or achievements of B2Gold; and including, without limitation: projected total consolidated gold production of between 1,000,000 and 1,055,000 ounces in 2020; the completion of an initial inferred mineral resource estimate for the Cardinal zone in the first quarter of 2021; the completion of an updated mineral resource estimate for the Anaconda area by the end of the fourth quarter of 2020. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made.

 

Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond B2Gold's control, including risks associated with or related to: the duration and extent of the COVID-19 pandemic, the effectiveness of preventative measures and contingency plans put in place by the Company to respond to the COVID-19 pandemic, including, but not limited to, social distancing, a non-essential travel ban, business continuity plans, and efforts to mitigate supply chain disruptions; escalation of travel restrictions on people or products and reductions in the ability of the Company to transport and refine doré; the volatility of metal prices and B2Gold's common shares; changes in tax laws; the dangers inherent in exploration, development and mining activities; the uncertainty of reserve and resource estimates; not achieving production, cost or other estimates; actual production, development plans and costs differing materially from the estimates in B2Gold's feasibility and other studies; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; the ability to replace mineral reserves and identify acquisition opportunities; the unknown liabilities of companies acquired by B2Gold; the ability to successfully integrate new acquisitions; fluctuations in exchange rates; the availability of financing; financing and debt activities, including potential restrictions imposed on B2Gold's operations as a result thereof and the ability to generate sufficient cash flows; operations in foreign and developing countries and the compliance with foreign laws, including those associated with operations in Mali, Namibia, the Philippines, Colombia and Burkina Faso and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements or resource nationalization generally, including in response to the COVID-19 outbreak; remote operations and the availability of adequate infrastructure; fluctuations in price and availability of energy and other inputs necessary for mining operations; shortages or cost increases in necessary equipment, supplies and labour; regulatory, political and country risks, including local instability or acts of terrorism and the effects thereof; the reliance upon contractors, third parties and joint venture partners; the lack of sole decision-making authority related to Filminera Resources Corporation, which owns the Masbate Project; challenges to title or surface rights; the dependence on key personnel and the ability to attract and retain skilled personnel; the risk of an uninsurable or uninsured loss; adverse climate and weather conditions; litigation risk; competition with other mining companies; community support for B2Gold's operations, including risks related to strikes and the halting of such operations from time to time; conflicts with small scale miners; failures of information systems or information security threats; the ability to maintain adequate internal controls over financial reporting as required by law, including Section 404 of the Sarbanes-Oxley Act; compliance with anti-corruption laws, and sanctions or other similar measures; social media and B2Gold's reputation; risks affecting Calibre having an impact on the value of the Company's investment in Calibre, and potential dilution of our equity interest in Calibre; as well as other factors identified and as described in more detail under the heading "Risk Factors" in B2Gold's most recent Annual Information Form, B2Gold's current Form 40-F Annual Report and B2Gold's other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission (the "SEC"), which may be viewed at www.sedar.com and www.sec.gov, respectively (the "Websites"). The list is not exhaustive of the factors that may affect B2Gold's forward-looking statements

 

B2Gold's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to B2Gold's ability to carry on current and future operations, including: the duration and effects of COVID-19  on our operations and workforce; development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; B2Gold's ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.

 

B2Gold's forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. B2Gold does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits or liabilities B2Gold will derive therefrom. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.

 

 

 
 
 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/b2gold-announces-positive-exploration-drill-results-from-near-fekola-and-anaconda-area-exploration-drilling-301132971.html

 

SOURCE B2Gold Corp.

  

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/September2020/17/c8830.html

 
 

Copyright CNW Group 2020

 

News Provided by Canada Newswire via QuoteMedia

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B2Gold Corp.

B2Gold Corp.

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; other mineral properties; and corporate and other. It generates maximum revenue from the Fekola mine segment in Mali.

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Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top-performing stocks list is dominated by oil and gas companies, alongside gold and lithium companies.

In Australian mining news, the Fair Work Commission ruled that BHP (ASX:BHP,NYSE:BHP,LSE:BHP) must raise the wages of 2,200 workers at three coal mines in Queensland. The workers in question were employed indirectly through a hiring firm and were being paid significantly less than their peers working directly under BHP.

The case was brought by two worker's unions and based on the Same Job, Same Pay reforms made by the government last year. To align wages, the FWC ruled BHP must raise the labour hire employees' wages by AU$30,000 each.

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Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

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A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

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Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
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  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
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  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
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 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

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