Latest Due Diligence News

Forrestania Resources has agreed to acquire a substantial gold tenement package in Western Australia’s Eastern Goldfields, including the Karonie Gold Project with an inferred resource of 111,100 ounces. The $5 million deal combines cash and shares, reinforcing Forrestania’s regional growth strategy.

Cavalier Resources has signed non-binding term sheets for a combined US$13 million gold prepayment and A$5 million gold loan to fund the Stage 1 development of its Crawford Gold Project, significantly improving project economics and financial flexibility amid softening gold prices.

Haranga Resources has announced a significant Exploration Target at its South Spring Hill prospect within the Lincoln Gold Project, estimating up to 308,000 ounces of gold. The project benefits from existing infrastructure and is advancing towards a JORC-compliant resource update.

Iceni Gold Limited has successfully raised $1.55 million to advance exploration at its flagship 14 Mile Well project and has acquired a significant tenement package near the Granny Smith mine, positioning itself for growth in Western Australia's premier gold district.

Killi Resources has appointed former Fortescue CEO Nev Power as Non-Executive Chair and secured $1.4 million through a share placement led by Power and other key executives. The capital will support exploration at Mt Rawdon West and new growth initiatives.

Centaurus Metals has received a non-binding Letter of Intent from Brazil’s National Development Bank for R$1 billion in debt funding to advance its Jaguar Nickel Project, marking a key milestone in its financing strategy.

Energy Technologies Limited, via its subsidiary Cogenic, has acquired Maradin Ltd’s laser optical engineering IP portfolio, positioning itself at the forefront of laser projection technology for AR, VR, and defence applications.

Clara Resources has agreed to sell its Kildanga nickel-cobalt project for up to $1.75 million, marking a strategic shift to focus on its Mareeba gold exploration in Queensland.

ChemX Materials has formalised a $1.2 million unsecured loan with independent investor Ovay Pty Ltd to support its working capital amid ongoing restructuring, with the loan set to convert to shares upon re-listing.

The Takeovers Panel has declared unacceptable circumstances in Humm Group's handling of Credit Corp's takeover proposal, citing misleading disclosures and insider share acquisitions that cloud market fairness.

Adelong Gold Limited has received a $1.17 million tax indemnity claim linked to alleged fraudulent GST reporting at Challenger Mines, which it plans to dispute. The claim stems from activities predating the current management team.

Power Minerals has appointed Alistair Stephens, a seasoned rare earths executive, as CEO to spearhead development of its South American critical minerals projects. Stephens brings decades of leadership experience and a proven track record in scaling rare earth ventures.