Latest It Consulting News

Black Dragon Gold Corp. reported a Q1 2025 net loss of CAD 377,262 while advancing its Salave Gold Project in Spain, navigating permitting challenges and legal disputes over land re-zoning. The company also progressed exploration and asset sales in Australia, maintaining a cautious outlook on financing.

Arika Resources has expanded its drilling program across its Yundamindra and Kookynie gold projects to 10,000 metres, leveraging a recent $5 million capital raise and securing a versatile drill rig to accelerate exploration.

Tempest Minerals Limited has announced a non-renounceable rights issue to raise approximately $1.47 million, aimed at funding exploration at its Yalgoo iron ore project and other assets. The offer includes free-attaching options and carries a potential dilution of up to 33% for non-participating shareholders.

Memphasys Limited has successfully trialed its RoXsta™ Mega Cell High-Throughput Assay, capable of processing 96 antioxidant tests in under an hour, promising a leap forward in rapid, cost-effective oxidative stress analysis.

Errawarra Resources has awarded its first diamond drilling contract for the Elizabeth Hill silver project, with drilling set to begin shortly after the company’s May 19 General Meeting. This marks a key step in advancing exploration at one of Australia’s richest silver deposits.

Global Data Centre Group updates its distribution guidance following the AirTrunk divestment, factoring in operational costs and risk reserves that temper immediate payouts.

Astral Resources has restated its Spargoville Gold Project resource following its Maximus takeover, consolidating its group gold mineral resource to 1.76 million ounces. The update aligns Spargoville’s estimate with Mandilla’s economic assumptions, setting the stage for upcoming development.

Bastion Minerals has made significant strides in its Canadian copper exploration portfolio, progressing towards a maiden JORC Mineral Resource Estimate for the ICE Copper Project while completing a modest capital raise and refreshing its board.

Aurizon reports a mixed freight volume performance to April 2025 alongside progress on $50 million in annualised cost savings and a potential subordinated hybrid capital raise.

88 Energy Limited has secured shareholder approval for a significant capital consolidation, reducing its share count by a factor of 25 effective May 9, 2025. The company has outlined a detailed timetable to guide investors through the transition.

FOS Capital has acquired Melbourne-based lighting design consultancy Glowing Structures for $700,000, aiming to deepen its footprint in the lighting services sector. The deal includes cash and shares, with Glowing Structures’ founder staying on as Managing Director.

Alligator Energy has announced a significant upgrade to its Blackbush Deposit uranium resource, increasing the Indicated Mineral Resource by 10% following a successful 2024 drilling campaign. This enhancement strengthens the Samphire Project’s feasibility outlook and supports plans for higher production rates.