Latest Farm Out Agreements News

Charger Metals has reduced its FY2026 loss and secured $3.75 million from the sale of Bynoe, giving the lithium explorer more room to advance its Lake Johnston assets. The company’s Medcalf resource now stands at 10.6Mt, although further drilling and funding will be needed to test its economic potential.

Magmatic Resources has used FY2026 to turn the newly acquired Weebo Gold Project into its main exploration engine, while Fortescue-funded drilling continued to test copper-gold targets at Myall. The company ended the year with $5.54 million in cash, but a larger annual loss and continued exploration spending keep execution and funding firmly in focus.

Invictus Energy has entered FY2027 with A$10.89 million in cash and a funded November drilling target, but its annual report warns that further financing may be required to continue operations. The company also reported a wider A$6.54 million loss for FY2026.

Bounty Oil & Gas NL (ASX:BUY) is pursuing a 2,322 km² deepwater exploration block offshore Liberia, backed by a $3.55 million placement and major vendor-linked securities. The opportunity remains conditional: the block has no executed production sharing contract, no independent resource estimate and has not yet been reviewed directly by Bounty.

AngloGold Ashanti has completed a 2,659-sample soil geochemistry program at EcoGraf’s Golden Eagle project in Tanzania, with results now pending ahead of a planned drilling phase. The work forms part of a US$9 million farm-in while EcoGraf prepares separate exploration across a broader portfolio of gold and critical-minerals targets.

H3 Energy says four prospective partners have completed initial evaluations of its Warro gas project and been invited to submit commercial proposals. At Alinya, multiple global energy companies have signed confidentiality agreements and entered the data room, but no binding farm-out deal has yet been secured.

EcoGraf Limited (ASX:EGR) is raising approximately AUD 2 million through an underwritten Share Purchase Plan (SPP) offering new shares at a 20% discount. The funds will support key project financing and expansion activities at its Epanko Graphite Project and related operations.

Beetaloo Energy is advancing its vast gas resource in the Beetaloo Basin, aiming for first gas sales by late 2026, backed by a binding NT Government agreement and key infrastructure investments.

Liontown Limited has secured a staged farm-in agreement to acquire up to 100% of the Centenario lithium brine project in Argentina, marking its first foray into brine resources alongside its established Australian hard-rock operations.

Havilah Resources sees key milestones at Kalkaroo and Mutooroo projects, with Sandfire's $70 million prefeasibility study underway and Kantra Copper commencing Mutooroo evaluation. A shareholder distribution is targeted before year-end.

Taiton Resources has secured a farm-in agreement over EL 6468, significantly enlarging its Challenger West gold-copper project in South Australia. Historic drilling highlights shallow, high-grade mineralisation, while new soil sampling aims to sharpen upcoming drill targets.

iTech Minerals has unveiled a transformative year at its Reynolds Range project with high-grade gold-antimony discoveries and a lithium joint venture with SQM, while managing a $1.09 million net loss and bolstering its cash reserves.