https://newsletter.en.creamermedia.com

Funding for Zim gold projects

30th January 2015

By: Oscar Nkala

Creamer Media Correspondent

  

Font size: - +

Australian-listed Prospect Resources has received the first tranche of A$103 725 from a total placement of A$310 000 to be used to fund gold mining and exploration projects in Zimbabwe.

Nonexecutive director Harry Greaves says the funds will be used for general working capi- tal purposes and to fund ongoing exploration at the Bushtick gold project, in the Esigodini greenstone belt, in the south of the country.

The funding was sourced on the back of encouraging results from an initial exploratory sampling campaign at the Bushtick project.

Some of the money allocated will be used to fund further exploration and development at the Prestwood gold mine.

The company plans to use the Zimbabwe operations to set up a regional, diversified African mining empire.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

Chelsea Safety Boot
BOVA Safety Wear

BOVA cemented their reputation in Africa by delivering high quality engineering through their range of safety footwear. 21 years after producing...

VISIT SHOWROOM 
Carlisle TyrFil
Carlisle TyrFil

Flatproofing tire technology engineered to perform in extreme mining environments.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 04 July 2025
Magazine round up | 04 July 2025
4th July 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.099 0.187s - 164pq - 2rq
Subscribe Now