Latest Farm Out Agreements News

Iceni Gold has validated a major structural feature at its Goose Well target through a 362m diamond drillhole, refining the geological model and advancing its gold exploration strategy at the 14 Mile Well Project.

Tetragon Energy has awarded a US$1.45 million contract to DUG Technology to reprocess seismic data over its Philippines offshore permits, aiming to sharpen exploration prospects and attract farm-in partners.

Eastern Resources has reported strong gold assay results from its maiden rock chip sampling at the Marengo Gold Project, Queensland, with multiple samples exceeding 5 g/t Au and a peak of 12.3 g/t Au, reinforcing the project's shallow high-grade potential.

Dart Mining’s final assays from a 4,100m drilling campaign at Banshee reveal continuous gold mineralisation along a 730m strike, underpinning plans for a maiden resource estimate and increased project equity.

Iceni Gold has secured a farm-in and joint venture agreement with Gold Fields, unlocking up to $10 million in exploration funding at the Everleigh-Tatong prospect within its 14 Mile Well Gold Project in Western Australia.

IRIS Metals posted a $22.3 million loss for FY26, driven by major impairments on exploration assets and elevated share-based payments. The company pivots away from Edison and Tin Mountain projects, focusing on lithium-rubidium in South Dakota and tungsten in Montana.

Lion Energy has locked in Indonesian government approval for a key farm-out deal, enabling OPIC to fund the majority of the Bula Karang-1 well costs while Lion retains a significant stake in the East Seram PSC.

S2 Resources has secured key exploration licences covering 35 kilometres of the Karbah shear zone and plans to launch a 30,000-metre aircore drilling campaign starting July, targeting a major gold-bearing structure in Western Australia.

Platina Resources has signed a binding Share Sale Agreement to acquire Bravo Minerals, owner of the Sunrise Bore Exploration Licence, expanding its Laverton gold portfolio in a promising but underexplored corridor.

S2 Resources has completed a heritage survey and begun aeromagnetic work at its Jillewarra gold project, with exploration licences expected soon and a 30,000-metre aircore drilling campaign planned for July.

Newmont Exploration has kicked off a fully funded diamond drilling campaign at Koonenberry Gold’s Junee JV, targeting a large gold-in-soil anomaly at the Allawah Prospect with results expected late 2026.

Tiger Gold has finalised its option to acquire LCL Resources’ Colombian gold assets with a $4.5 million payment, bringing total cash consideration to $7.5 million and strengthening LCL’s balance sheet ahead of a formal transfer on 11 June 2026.