Latest Farm Out Agreements News

Venus Metals Corporation progresses its Sandstone Bellchambers gold project with a new mining lease and exploration targets, while extending its Bridgetown JV farm-in and navigating an unsolicited takeover offer.

Xenora Minerals has resumed on-ground exploration at its Dudley Lithium Project in South Australia following a detailed geochemical review, supported by a recent $2.1 million capital raise. The company ends the quarter with a strong cash position, positioning itself for further growth in the critical minerals sector.

EcoGraf’s maiden exploration in Tanzania delivers promising high-grade gold results, including a standout 4.45 g/t sample at Hazina, while a strategic farm-in with AngloGold Ashanti begins on the Golden Eagle project.

Cazaly Resources has met its initial $1 million farm-in milestone at the Goongarrie Gold Project, earning a 25% interest after identifying continuous gold mineralisation over a 1.3-kilometre strike. The company plans further drilling to expand its stake and explore high-grade targets.

Forrestania Resources is set to expand its Lake Johnston gold operations through the acquisition of Mantis Resources, adding key exploration licences and reinforcing its foothold in Western Australia's prolific gold belt.

Lion Energy has struck a pivotal farm-out deal with OPIC, securing 88% funding for its 2026 Bula Karang exploration well in Indonesia’s East Seram PSC, significantly reducing its financial exposure while retaining substantial upside.

Charger Metals NL has announced a significant high-grade gold discovery at its Xmas Gold Discovery within the Mt Gordon tenement, part of the Lake Johnston Lithium and Gold Project. This breakthrough enhances the prospectivity of multiple undrilled targets and sets the stage for an expanded exploration campaign in 2026.

IRIS Metals has signed a binding agreement to farm-in exclusively to the Finley Basin Tungsten Project in Montana, expanding its critical minerals portfolio and cancelling a planned capital raise. Exploration is set to begin in early 2026 with resource estimation targeted for 2027.

Rincon Resources has entered a multi-stage farm-in joint venture with Greatland Resources on its Telfer South tenements, leveraging Greatland’s local expertise and infrastructure to accelerate exploration and development in the Paterson Province.

EcoGraf Limited has secured key prospecting licences for its Golden Eagle Project in Tanzania, triggering a $9 million farm-in agreement with global gold giant AngloGold Ashanti. This partnership positions EcoGraf to benefit from exploration upside while focusing on its core graphite business.

IGO Limited’s subsidiary has confirmed its commitment to Stage 2 of the farm-in at the Bridgetown-Greenbushes Project, pledging $3 million to increase its ownership to 70%. Extensive soil sampling has revealed a significant lithium-tantalum-niobium-cesium anomaly, underpinning the project's promising exploration outlook.

Triangle Energy has launched legal proceedings against Echelon Energy's subsidiary over a $3.84 million cost dispute tied to a farm-in agreement in the Perth Basin. The move follows failed negotiations after Echelon's withdrawal from drilling obligations.