Latest Acquisition News

3D Energi is gearing up to drill up to six exploration wells in the offshore Otway Basin, targeting a massive 9.2 trillion cubic feet of prospective gas resources. The entry of Korea National Oil Corporation into the joint venture adds strategic weight to this pivotal East Coast energy project.

QMines Limited reports promising open pit optimisation results for its newly acquired Mount Mackenzie gold-silver project, reinforcing its strategy to develop a regional processing hub in Queensland.

Mantle Minerals has agreed to sell its Mt Roe subsidiary to Northern Star Resources for $13.5 million, freeing up capital to accelerate exploration at its key Yule River and Pardoo projects while pursuing new opportunities.

Power Minerals Limited has raised A$2.6 million through a share placement to fund critical due diligence and fieldwork at its Santa Anna Niobium and Rare Earth Elements project in Brazil.

Horizon Oil has reached financial close on a US$21.5 million amended senior debt facility with Macquarie Bank, paving the way for its strategic acquisition in Thailand. The facility enhances funding capacity for existing assets and supports future development plans.

Bryah Resources has formalised its acquisition of the Golden Pike high-grade gold and antimony project in New Brunswick, marking a strategic expansion into a promising Canadian mining jurisdiction.

Mad Paws Holding Limited has agreed to be acquired by US-based Rover Group for $62 million, with shareholders set to receive a significant premium. The deal includes divestment of Mad Paws’ Pet Chemist business and closure of other e-commerce operations.

Red Sky Energy reports steady cash flow from Innamincka’s Yarrow 3 well, progresses a key farmin deal at Killanoola, and unveils maiden resource estimates offshore Angola, despite some project delays.

Infinity Lithium progresses its Australian gold-copper-silver exploration with new option agreements, while facing delays and strategic shifts in its Spanish lithium project.

Carnarvon Energy is set to invest up to A$88 million in Strike Energy through a two-tranche equity placement, positioning itself as Strike’s largest shareholder. This strategic move aims to accelerate development of Strike’s key Perth Basin assets, with production milestones targeted by 2026.

Carnarvon Energy is set to become Strike Energy’s largest shareholder through a strategic A$88 million equity placement, underpinning key project developments in Western Australia’s Perth Basin. Strike also launches a Share Purchase Plan to raise additional funds, aiming to accelerate production milestones by 2026.

Praemium Limited reports a 2.2% increase in funds under administration for Q4 FY25, driven by strong gains in Spectrum and SMA platforms, alongside operational upgrades including AI-driven initiatives. However, OneVue platform experiences a significant decline.