Latest Angola News

Condor Energy has identified extensive deepwater turbidite reservoirs across its TEA-86 offshore acreage in Peru’s Tumbes Basin, significantly reducing exploration risk and advancing plans for drilling and licence conversion.

Minbos Resources has locked in a US$16 million debt facility from South Africa’s IDC to fund the next phase of its Cabinda Phosphate Fertilizer Plant construction, marking a key milestone for the project’s development.

Minbos Resources clarifies leadership changes and confirms the validity of its mining contracts while addressing financing delays linked to local shareholder disputes in Angola.

Minbos Resources has appointed Rob Newbold as Acting CEO following the resignation of Lindsay Reed, while grappling with administrative and shareholder challenges delaying its key phosphate project in Angola.

Island Pharmaceuticals has confirmed the material significance of recent FDA feedback on its Galidesivir development pathway and addressed ASX queries on disclosure timing and capital raising activities.

Island Pharmaceuticals secures FDA confirmation on Galidesivir’s development under the Animal Rule, unlocking a streamlined two-stage approval process and significant commercial incentives.

Minbos Resources advances key financing deals and unveils a cost-cutting plan for its Cabinda Phosphate Project, while forming a strategic joint venture to develop green ammonia production targeting 2028.

Tyranna Resources has withdrawn certain visual mineralisation estimates from its recent quarterly report, citing non-compliance with ASX reporting standards and urging investors to disregard these figures.

Red Sky Energy has successfully brought the Yarrow 1 well online ahead of schedule, boosting production and cash flow at its Innamincka Dome projects while advancing drilling and evaluation at Killanoola and offshore Angola.

Tyranna Resources has secured a 75% stake in the Chinguar Gold Project in Angola and is progressing geological appraisals and sampling, while awaiting tenure extension approval for its Namibe Lithium and Caesium Project.

Minbos Resources has launched a prospectus offering nearly 118 million free attaching options to recent Placement investors, aiming to bolster funding for its Cabinda fertilizer plant amid operational and geopolitical challenges in Angola.

Askari Metals advances its flagship Nejo Project in Ethiopia with strong government backing and a planned maiden drilling campaign targeting high-grade gold zones. The company is well funded and poised for a busy 2026 exploration season.