Latest Farm Out Agreements News

GBM Resources secures $13 million through a strategic placement, repays $6.2 million in debt, and restructures its board to accelerate exploration in the Drummond Basin. The company also regains full ownership of the Twin Hills gold asset, positioning itself for growth.

Novo Resources Corp has significantly enhanced its exploration portfolio with new farm-in agreements and a joint venture with Northern Star Resources, targeting standalone gold and copper projects with over 1 million ounces potential.

Alara Resources reports compelling copper assay results from its Block 8 concession in Oman, with Power Metal Resources advancing its stake and exploration activities moving towards drilling.

Critica Limited has entered a farm-in agreement with Ausgold Limited for its Kulin Gold Project, allowing Ausgold to earn up to 70% interest by funding exploration. This strategic move enables Critica to concentrate resources on its flagship Jupiter Rare Earth Element Project, Australia's largest high-grade clay-hosted rare earth deposit.

Ausgold Limited has secured a farm-in agreement to acquire up to 70% of a highly prospective exploration license adjacent to its Kulin Gold Project, setting the stage for drilling in FY26 to unlock new gold targets.

Charger Metals secures $500,000 from Rio Tinto and advances a $1.1 million exploration program at Lake Johnston, boosting its cash position and drilling activity in Western Australia’s lithium hotspot.

Iceni Gold has raised $2.5 million in an oversubscribed placement to fund key drilling programs at its 14 Mile Well Gold Project and initiate exploration at the Welcome Creek copper-gold target in Western Australia.

Sunshine Metals has reported further shallow, high-grade gold intersections at its Liontown prospect, advancing plans for a resource upgrade and mining studies. The latest drilling results reinforce the company’s strategy to rapidly develop oxide gold resources near surface.

QX Resources has secured a farm-out deal transferring a 75% interest in its Western Shaw iron ore rights, with partners committing $1 million to exploration, while retaining a royalty stream.

Blue Star Helium has successfully drilled the State 9 well at its Galactica helium project in Colorado, confirming natural gas flow and progressing towards production. Laboratory tests on helium and CO2 concentrations are underway as the company prepares for production tie-in.

Kalgoorlie Gold Mining Limited has completed its farm-in at the Pinjin Gold Project, securing a 75% interest and surpassing key milestones with over 75,000 ounces of near-surface gold defined. This positions the company to accelerate exploration in the underexplored Laverton Tectonic Zone.

Lanthanein Resources has withdrawn from its farm-in agreement on the Lady Grey Lithium Project, signaling a strategic pivot. The company is now focusing on other growth opportunities to boost shareholder value.