Latest Exploration And Acquisition News

C29 Metals has announced the immediate resignation of Managing Director Shannon Green, with CFO Ailsa Osborne appointed as an interim Executive Director while the company searches for a replacement.

Sabre Resources (ASX:SBR) has lodged a prospectus offering up to 530 million new options, aiming to clear trading restrictions and raise capital for exploration and acquisitions.

Alma Metals has acquired a fully equipped 16-person exploration camp at its Briggs Copper Project, enabling a second drill rig deployment and accelerating resource growth and pre-feasibility studies.

Javelin Minerals has replaced milestone shares with performance rights as part of its Central Yilgarn acquisition, capping potential dilution with a floor price mechanism.

BOA Resources (ASX: BOA) is set to acquire full ownership of the Thaduna and Green Dragon copper deposits, adding a combined 5.3 million tonnes at 2.3% copper to its portfolio and expanding its Murchison Belt footprint ahead of a funded drilling campaign.

Turaco Gold has exercised an option to acquire 100% of a new exploration permit adjacent to its Afema Project in Côte d’Ivoire, increasing its landholding by 30% and setting the stage for fresh exploration activities.

Infinity Metals has secured a two-year exclusive option to acquire 100% of the high-grade Swansea copper mine in Arizona and raised A$2.25 million via a discounted placement to fund exploration and acquisition costs.

Platina Resources has completed its acquisition of the Mt Morgans South Project from Genesis Minerals, adding 18 tenements in a prolific gold district and setting the stage for a focused exploration campaign.

Pursuit Minerals has expanded its Rio Grande Sur Lithium Project in Argentina by acquiring exclusive rights over 1,362 hectares adjacent to its Mito tenement, increasing the project area to over 10,595 hectares and enhancing its lithium brine resource potential.

Orpheus Uranium has secured a binding agreement to acquire seven exploration licences from Adavale Resources, significantly expanding its Marree Project landholding in South Australia’s Northern Flinders Ranges and advancing the project to advanced exploration status.

Develop Global has greenlit major investments in its Sulphur Springs copper-zinc and Pioneer Dome lithium projects, backed by a US$400 million financing and offtake deal with Trafigura that also refinances Woodlawn.

Raiden Resources has struck a binding deal with Forgent PLC to potentially sell an 80% stake in its Mt Sholl nickel-copper-PGE project, while retaining a 20% free-carried interest. The transaction could inject over A$1 million in cash and shares, aligning with Raiden’s strategy to streamline its portfolio and focus on core assets.