Latest Exploration And Resources News

Riedel Resources has completed the acquisition of majority interests in the Cosmo and Mt Venn gold projects in the Laverton Gold District, expanding its portfolio to three exploration-stage assets across two Tier 1 jurisdictions.

Sarama Resources has offloaded its Western Australian gold projects to Riedel Resources for A$3.2 million in cash and shares, securing a substantial equity stake and executive influence in the buyer while limiting shareholder dilution amid its arbitration claim.

Everest Metals has obtained a critical mining lease for its Revere Gold Project in WA, marking a major step from exploration to development with a 260,780-ounce maiden resource and ongoing approvals.

Resources & Energy Group Limited (ASX:REZ) has formalised a joint venture with Rembrandt Mining to commence gold production at its Maranoa deposit, with Rembrandt funding all capital expenditure and REZ retaining full ownership and legal operator status.

Connected Minerals is set to acquire Frontier Group, gaining control of an 80% stake in the high-grade Bailundo carbonatite project in Angola, backed by a $4.5 million capital raise and planned drilling.

True North Copper (ASX:TNC) has agreed to sell its Bundarra Copper Project to Tec Minerals, securing A$500,000 cash, A$1 million equity in Tec Minerals, and a 1% Net Smelter Royalty, as it sharpens focus on its Mt Oxide and Cloncurry copper developments.

Rokeby Resources (ASX:RKB) has completed its acquisition of the Omeo Gold Project, gaining full ownership of a historically rich gold asset in Victoria. The company has already commenced a diamond drilling program at the high-grade Sunnyside deposit, aiming to upgrade and expand the resource.

MGX Resources is accelerating development at its Central Tanami gold project with underground exploration and resource drilling, while monetising Koolan Island through a $20.2 million sale plus future revenue share, bolstering its cash reserves.

Cyprium Metals is on the cusp of restarting copper cathode production at its Nifty Copper Complex, targeting the September quarter 2026 for first output as key infrastructure nears completion. Meanwhile, the company advances growth strategies including a potential SXEW plant capacity expansion and exploration of oxide ores.

Cobre Limited has secured A$72.4 million of a planned A$90 million placement, reinforcing its balance sheet and funding key expansions at the Sierra Atacama copper project.

EQ Resources has appointed Dr Mark Lindsay as General Manager Discovery and Growth, aiming to accelerate exploration and resource expansion at its Australian and Spanish tungsten projects.

Alara Resources has launched a pro-rata non-renounceable entitlement offer to raise approximately AUD 3.84 million, aiming to support ongoing exploration at its Oman copper projects and general working capital.