Latest Due Diligence News

Corella Resources has agreed to acquire a majority interest in the Chobe Project, expanding its footprint in Western Australia’s emerging rare earths and niobium hotspot. The acquisition is backed by a heavily oversubscribed $5 million capital raise.

Corella Resources has agreed to acquire a majority interest in the Chobe Project, a highly prospective niobium and rare earths ground in Western Australia’s West Arunta, supported by a heavily oversubscribed $5 million capital raise.

Power Minerals has sealed its acquisition of the Morro do Ferro Rare Earths Project, a high-grade rare earth asset in Brazil, setting the stage for accelerated exploration and resource definition.

Ionic Rare Earths (ASX: IXR) has secured a £12 million UK government grant offer for its Belfast rare earth magnet recycling facility and is progressing its Brazilian JV and Ugandan heavy rare earths project, reinforcing its role in ex-China supply chains.

Investigator Silver has locked in a robust Definitive Feasibility Study for its Paris Silver Project, backed by a strategic A$55 million placement to fast-track early works and financing.

Australian Oil Company Limited (ASX: AOK) has secured $2.03 million through a two-tranche placement to accelerate oil production and exploration in Queensland's Surat Basin, alongside potential new ventures and Californian operations.

Australasian Metals continues to build on its Queensland gold assets with a new exploration permit application and ongoing drill planning at May Queen, while holding a solid cash reserve of $2.46 million and progressing lithium project discussions.

Qube Holdings Limited is set for a $9.3 billion cash takeover by a Macquarie-led consortium, with court approval granted to convene shareholder meetings in June. The scheme offers shareholders a 28% premium and is backed by an independent expert's fair and reasonable opinion.

Pacific Resources (ASX: PXR) has progressed technical due diligence on its optioned Eastern Victorian Goldfields Project, outlining a conceptual 6,000 to 25,000-ounce gold target at Ernestine. Meanwhile, channel sampling at its Tasmanian Sulphide Creek Project is complete, with assay results pending.

Cavalier Resources has secured a $4 million placement at an 11.95% discount to the 15-day VWAP, funding critical pre-production activities at its Crawford Gold Project. This capital injection complements ongoing negotiations for a US$13 million gold prepayment and a A$5 million loan, advancing the project toward production.

Hastings Technology Metals is on track to commission its Kabin Buri Hydromet Plant in Thailand by June 2026, aiming for first production of premium Mixed Rare Earth Chloride flakes by Q4. The plant promises near-term revenue streams and leverages lower operating costs in Thailand's Eastern Economic Corridor.

Eureka Group Holdings expands its footprint on Victoria's East Coast by acquiring Frenchview Lifestyle Village and Paynesville Holiday Park, adding nearly 200 sites and increasing its all-age rental portfolio by 17%.