VEC
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Company News
Vector Resources collars US$35m loan for DRC gold project
Gold explorer Vector Resources (ASX: VEC) has secured an additional US$35 million loan to fund its acquisition and definitive feasibility study of the Adidi-Kanga gold project in the Democratic Republic of Congo (DRC). The company today announced it has accepted the offer of debt funding from Dubai-based FT General Trading, a telecoms and property-focused conglomerate […]
Vector Resources proceeds with Kibali South and Nizi gold project acquisitions in DRC
Vector Resources (ASX: VEC) has officially decided to go ahead with the Kibali South and Nizi gold project acquisitions in the Democratic Republic of Congo. The company has completed technical and legal due diligence and it has notified Société Miniere de Kilo Moto of its decision to proceed with the acquisition of up to 70% […]
Vector raises its JORC resource estimate in the DRC
Hot on the heels of a potentially seismic legislative shift in the Democratic Republic of Congo (DRC), Vector Resources (ASX: VEC) has completed an internal review of its Adidi-Kanga gold resource estimate. Just days ago, the DRC announced a set of sweeping tax changes that are likely to impact mature miners first and foremost. Despite […]
Vector Resources finalising technical due diligence at DRC gold projects
Vector Resources (ASX: VEC) is finalising technical due diligence for its proposed acquisitions of Adidi-Kanga, Kibali South and Nizi gold projects in the Democratic Republic of Congo (DRC), with the transactions due to wrap up later this month and February. The company reported in late December its intent to corral a 60% interest in Adidi-Kanga […]
Vector Resources secures advanced gold mine in DRC
Gold explorer Vector Resources (ASX: VEC) emerged from a trading halt this morning with news it had secured an agreement to purchase a 60% stake in the Adidi-Kanga gold mine, which is part of the gold major AngloGold Ashanti’s former Mongbwalu gold project in the Democratic Republic of Congo (DRC). Situated about 84km from the […]
Vector advances acquisition talks, resource extension drilling underway at Maniema
While it advances two potential project acquisitions, Vector Resources (ASX: VEC) has planned six diamond hole targets as part of its in-fill and resource upgrade drilling program at its Maniema gold project in the Democratic Republic of Congo (DRC). According to Vector, its executive management team has been in DRC to advance discussions with a […]
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