Mining

Predictive Discovery raises $2.6 million for gold exploration in West Africa

Tuesday, 28 November 2017 16:54

ASX-listed Predictive Discovery has declared last week that it has closed the renounceable rights issue it announced last month. It was able to raise through the transaction $2.6 million to finance its exploration activities in West Africa, especially in Burkina Faso and Côte d’Ivoire.

Earlier this month, Predictive had announced the start of a 5,000 m reverse circulation drilling program at its Bobosso gold project in Ivory Coast. The goal is to test nine promising mineralization targets.

The firm also owns in Côte d’Ivoire the Boundiali gold permit and in Burkina Faso, exploration permits for which it concluded last September, a joint-venture agreement with the Canadian firm Progress Minerals. 

Louis-Nino Kansoun

On the same topic
Ghana selects E&P to take over Damang gold mine Decision follows Gold Fields’ exit and tender process Move reflects push for local control in...
IsDB approves $59.28 million to expand electricity access in underserved regions Project includes women-led energy platforms to support...
Platinum prices rise 30% amid widening supply deficit Investor demand surges while mining output declines Market expected to remain in...
Government targets 405 MW of new capacity over three years Projects include solar, wind, storage, and agrivoltaic systems Plan aims to...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
05

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.