Waraba Gold has signed a binding share sale agreement to acquire 80% of Leo Resources SARL, which holds gold exploration licence PR-683 covering 212.66 km² in northern Côte d'Ivoire, from a subsidiary of Desert Metals (ASX: DM1). On completion, Waraba's combined Tengrela ground would be about 1,000 km², lying between Resolute's Syama mine camp and Perseus's Sissingué mine. The deal is all cash with no Waraba shares issued, with a maximum of A$5.0 million payable in stages; the largest payment, up to A$2.3 million, is due only if the licence is renewed beyond November 2027. Previous operators drilled 1,141 holes totaling about 67,600 m across the licence, including 355 holes at Podio, and SMEX will hold the remaining 20%.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
goldminingmineral explorationmergers and acquisitions
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Flow Metals Secures Little Gold Creek Headwaters, Completing Strategic Consolidation of Sixtymile Gold District
Flow Metals (CSE: FWM) staked 44 additional quartz claims (the Mila Claims) along the northern part of its Sixtymile Gold Project in western Yukon, completing its 2026 land acquisition campaign. The contiguous land package now covers 17,635 hectares, nearly tripling the original 6,558-hectare footprint. The claims cover a magnetic lineament trending northwest in line with Little Gold Creek, which encapsulates the headwaters of a historic placer gold source, and extend the Project's northern boundary to the Top of the World Highway. The Company interprets epithermal textures and quartz veins found in its 2026 exploration as supporting a younger magmatic-hydrothermal event overprinting an older gold system. It is integrating historical geophysical data and a 3D review of airborne magnetic and CSAMT surveys to evaluate these targets.
- Magna Terra Reports Expansion of Property and Extension of Airborne Geophysical Survey at the Prospect Or's Dream Epithermal Gold Project, New Brunswick
Magna Terra Minerals (TSXV: MTT) has expanded its Prospect Or's Dream project in New Brunswick to 23,887 hectares along more than 30 km of the Moose Lake Fault Zone, near the Bathurst Mining Camp. The project is centred on a 2025 discovery of low-sulphidation epithermal gold-bearing quartz veins along at least a 7.2 km strike of the Donner Trend. Seven claims totalling 5,087 hectares were staked along or near the Moose Lake Fault without option payments or royalties to vendors. The airborne geophysical survey was extended from 1,221 to 1,302 line km to cover the new claims, and prospecting rock grab samples returned gold grades of up to 1.97 g/t. The Province of New Brunswick provided partial funding through its NBJMAP program.
- Blue Star Reports Exploration Results Including Significant Gold Intercepts in Step-Out Drilling at NFN Deposit
Blue Star Gold Corp. (TSXV: BAU) reported final results from its 2026 Phase 2 drill program at North Fold Nose (NFN), North Nutaaq and Roma Main. At NFN, hole 26HND001, a 100 m step-out south, returned 8.0 m at 2.94 g/t Au, including 4.0 m at 5.56 g/t Au; hole 26HND002 returned 6.0 m at 8.18 g/t Au, including 1.0 m at 47.10 g/t Au. Hole 26HND003, a further 130 m south, returned 1.6 m at 2.62 g/t Au, extending mineralization about 230 m south of the existing resource. At North Nutaaq, hole 26UND006 returned 2.2 m at 9.95 g/t Au and hole 26UND007 returned 1.7 m at 10.92 g/t Au; at Roma Main, maiden drilling intersected gold-bearing quartz veins in altered granodiorite. The company noted NFN is a small part of its current resource, that mineralization remains open to the south and at depth, and that the results support both resource expansion and new discoveries.
- BTU Commences Initial Drill Program on Hubcap Project Adjacent to RPX in Wawa
BTU Metals (TSX-V: BTU) has begun drilling at its 100%-owned Hubcap property in Wawa, Ontario. The initial program of about 1,200 meters across 5-7 holes aims to test high-priority geophysical and surface targets. The property has numerous surface gold occurrences and shear zones with strong carbonate sericite alteration hosting quartz carbonate zones, and it has been only sporadically explored since the early 1900's before being consolidated by BTU. CEO Paul Wood said the company will provide program updates when available.
- New Break Refines Targets as 2026 Drilling Resumes at Its Moray Gold Project
New Break Resources is resuming drilling by Enviro North Exploration at its 100% owned Moray gold project in Ontario, Canada. The property has grown to 29,924 hectares, and gold has risen 131% in Canadian dollar terms, from US$1,770 per ounce in June 2020 to US$4,000 today. The 2025 program discovered the Zavitz gold zone, and the company has since completed 5,372 metres in 32 drillholes in 2026, 30 of them in Zavitz. Hole NBR-25-05 returned 3.17 g/t Au from 72.0 to 115.0 metres, a grade x interval of 136.3. The fall 2026 program is expected to comprise at least 1,500 metres in about four to six drillholes, and New Break has started a hole intended to be the deepest ever drilled on the property, testing for additional stacked gold lenses at depth.
- Rocky Shore Discovers New Bulk-Scale MTH Gold Zone, Reports Record High-Grade Intercept at Mosquito and Expands Drill Program to 20,000 Metres
Rocky Shore Gold has discovered the MTH Zone at its Gold Anchor Project in central Newfoundland, in a previously undrilled area immediately east of the Mosquito Deposit resource limits. The zone is a thick, sulphide-rich tuffaceous sedimentary horizon that remains open in all directions, and drilling has traced it more than 400 metres east of the current resource limits. Confirmation drilling in the Mosquito Deposit returned 94.10m grading 0.77 g/t Au, including 2.50m grading 7.88 g/t Au in hole MH-26-02, the highest-grade interval to date in the deposit. More than 60% of the interpreted intrusion linked to Mosquito remains untested. The company has increased its drill program to 20,000 metres, as CEO Ken Lapierre says the results point to a broader, more complex mineralized system beyond current resource limits.
Related markets
Latest news
- SpaceX's Elon Musk reveals $40 billion in debt for AI chips, warns of neoclouds
SpaceX (SPCX) CEO Elon Musk said the company closed $40 billion in financing to buy specialized AI chips, but warned that debt access has nearly dried up for firms without substantial revenue outside AI data centers. Shares of CoreWeave (CRWV) and Nebius (NBIS) fell after his comments. Musk said the debt is primarily callable debt for Nvidia (NVDA) GPU purchases arriving in Q1 and Q2 and is not a major factor this quarter. SpaceX's AI segment brought in $7.6 billion in the third quarter, more than Starlink and the rocket business combined and over half of its $14.6 billion total revenue. Musk predicted neoclouds will see 'guppy-level death and consolidation,' and CoreWeave shares have tanked more than 37% over the past month.
- Morning Minute: Bitcoin Breaks Below $80,000 as Iran Fears Hit the Weekend
Bitcoin slipped below $80,000 over the weekend after the Wall Street Journal reported the U.S. is rapidly evacuating personnel from embassies and military bases across the Middle East. A Friday memo from Director of National Intelligence Jay Clayton said Iran has substantially increased efforts to target U.S. personnel. BTC was at $80,160, down 2.4% on the week, with Ethereum down 3.8% to $2,322 and Solana down 3.2% to $101. Over 30 days, Bitcoin is down 4.8% while the majors around it average a 16.5% decline, and Zcash is up 8% on the week. The newsletter flags a busy week ahead, including the FOMC decision, Robinhood earnings and Q3 GDP and PCE data.
- United States Antimony Announces Completion of New Technical Report on Nolan Creek, Alaska Gold/Antimony Deposit
United States Antimony (NYSE: UAMY) has completed a new technical report under SEC S-K 1300 defining gold-antimony resources at its 100%-owned Nolan Creek property in northern Alaska, to be filed with the SEC on Form 8-K. Measured and Indicated resources are valued at over $314 million and Inferred resources at over $125 million, using a $4,000/oz gold price and $8.30/lb antimony price, before mining, transport and processing costs. The company acquired the claims through a Trustee's Sale on January 30, 2026, and began mining an exploration bulk sample of about 1,000 tons this month. It aims to show in the first half of 2027 that the site can fully meet feed capacity for its Radersburg, Montana mill.
- Dell (DELL) Stock May Be 26% Undervalued After AI Factory News
The analysis notes Dell Technologies has returned about 792% over the past 5 years, putting pressure on its valuation to be supported by future cash generation. Its latest twelve-month free cash flow is about $8.2b, and a discounted cash flow (DCF) model projects that cash flow grows, giving an intrinsic value meaningfully above the current share price of $456.44; the stock trades at a 25.5x P/E. The article links the gap between the share price and that DCF value partly to uncertainty about the timing of enterprise AI spending, which a recent Barclays downgrade highlighted. Dell is closely tied to NVIDIA's AI infrastructure initiatives, from modular AI factories to on-premises AI servers.
- Cracking AI trade has Wall Street looking for a hedge. An ex-Citadel quant may have the answer
As CoreWeave shares plunged and dragged much of the AI sector lower, investors are looking for ways to hedge AI risk. Hyperbolic, a 50-person fintech startup led by former Citadel Securities quant Jasper Zhang, runs a spot marketplace for GPU computing power that lets traders buy, sell and control GPU clusters. The company has raised $20 million since its 2022 launch, expects a $150 million annualized run rate by year-end, and says it has about 250,000 users. Meanwhile, CME Group plans a cash-settled futures product tied to GPU pricing from Silicon Data, which is under CFTC review, with the review period extended to November 9th. Hyperbolic's Kim argued that cash futures need physical usage data to stay tied to reality, while Zhang said cash-settled futures alone do not put idle GPUs to work.
- Dow Jones, Nasdaq, S&P 500 weekly preview: Markets brace for pivotal earnings week
The Dow fell 652.82 points, or 1.23%, to 52,215.16 on Friday as Thursday's tech selloff spread, while the S&P 500 slipped 0.52% to 7,623.68 and the Nasdaq Composite fell 0.21% to 25,955.34. US oil climbed above $100 a barrel on fears of renewed US-Iran conflict. The 10-year Treasury yield rose to around 4.999% after dipping below 5% Thursday for the first time in a month. For the week, the S&P 500 fell 0.5%, the Nasdaq lost 0.7%, and the Dow rose 0.4%. Investors await earnings from major AI players and the Fed meeting, with markets seeing roughly an 80% chance of a hike at the December meeting; RBC keeps its 12-month S&P 500 target of 8,150 while watching for a 5-10% pullback.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.