Latest Development Projects News

Cassius Mining’s Ghanaian subsidiary has escalated its damages claim to USD 905 million, citing lost profits from a stalled gold project, as the arbitration hearing looms in June.

Aurelia Metals has locked in a A$150 million senior secured financing package, strengthening its balance sheet and unlocking restricted cash to support its copper production growth targets.

Red Metal Limited is set to distribute the majority of its 35.2% stake in Maronan Metals to shareholders, aiming to boost liquidity and allow investors to directly engage with Maronan’s promising silver project.

State Gas Limited has decided against proceeding with the sale of its High Density Natural Gas Pilot Plant after failing to finalise terms, while its R&D tax incentive claim remains under extended review by the ATO.

Alkane Resources has locked in a $110 million revolving credit facility alongside a $40 million contingent instrument facility, enhancing liquidity and banking ties to support its mining operations and growth projects.

Osteopore Limited has drawn down an additional $250,000 on the second tranche of its redeemable convertible notes, continuing its strategic funding partnership with Advance Opportunities Fund. This incremental funding supports the company’s ongoing business and future growth initiatives.

Triangle Energy (Global) Limited proposes a capital reduction via an in specie distribution of nearly 20 million Tetragon shares to its shareholders, spinning out its Philippines projects into a new entity set to pursue an ASX listing.

Brightstar Resources has completed a $313 million funding package, fully financing its Goldfields Project to production and advancing the Sandstone Project towards a final investment decision.

Brightstar Resources has reported robust diamond and reverse circulation drilling results at its Sandstone Gold Project, highlighting significant high-grade intercepts that underpin an upcoming Mineral Resource Estimate update and Pre-Feasibility Study.

Evolution Energy Minerals has successfully closed an oversubscribed $4 million rights issue, supplemented by a $150,000 follow-on placement, bolstering funds for key exploration and development projects.

ADX Energy has secured a crucial extension on its loan note repayments, unlocking financial flexibility to advance multiple drilling and development projects across Austria and Italy.

Tempest Minerals has agreed to acquire a 145km² advanced gold portfolio in New Zealand’s North Island, unlocking multiple drill-ready targets in a prolific gold province. The $2 million all-scrip deal includes performance milestones tied to exploration success.