Latest Exploration And Growth News

Carly Holdings Limited has agreed to merge its car subscription operations with Carbar Holdings in a $3.8 million deal, aiming to create a larger, more competitive player in Australia’s growing car subscription sector.

Infomedia Ltd has agreed to acquire a 50% stake in European AI startup Intellegam GmbH for €6.1 million, marking a strategic leap to integrate cutting-edge generative AI into its automotive data solutions. The deal sets a clear path to full ownership within five years, underpinning Infomedia’s innovation-driven growth agenda.

Tamboran Resources reports significant progress in its Beetaloo Basin development, including record-setting drilling, strong cash reserves, and strategic partnerships, positioning itself for first gas in 1H 2026 and exploring new growth avenues.

SEEK Limited’s proposed acquisition of Xref Limited has hit a major roadblock after Xref shareholders voted against the scheme, falling short of the required 75% approval threshold. Despite strong endorsements, the deal is now terminated, prompting SEEK to reconsider its growth strategy.

Dreadnought Resources has inked a $1 million share subscription deal with Black Cat Syndicate, securing a pivotal development right for the Star of Mangaroon gold project and setting the stage for drilling to commence in early 2025.

Australian Oil Company Limited (AOK) reports significant progress in its California pipeline acquisition and appoints Chris Hodge as Non-Executive Chairman, signaling a strategic push into US gas exploration.

Xanadu Mines has delivered a landmark Pre-Feasibility Study and Maiden Ore Reserve for its Kharmagtai Copper-Gold Project, confirming its status as a world-class asset. The company also secured $7.5 million in funding and transitioned project operatorship to Zijin Mining, setting the stage for a Bankable Feasibility Study.

True North Copper has successfully recapitalised following voluntary administration, securing a strong balance sheet and pivoting to an aggressive exploration strategy at its key Queensland copper projects.

Alvo Minerals reports a 7.2Mt copper-equivalent resource at Palma and promising rare earth element drill results at Ipora, while launching a contracting division to offset costs.

Beacon Minerals delivered a robust December quarter with gold production rising 31% to 6,861 ounces, surpassing guidance and underpinning a strong financial position bolstered by a $10.3 million entitlement issue.

Cygnus Metals has completed its merger with Doré Copper, securing a strong cash position and delivering promising early drilling results at its Chibougamau Project in Quebec. The company is poised for an aggressive exploration and resource growth campaign in 2025.

Traka Resources reports steady progress in its December 2024 quarter, focusing on exploration at Gorge Creek and Cranbrook while withdrawing from Mozambique projects to sharpen its strategic focus.