Latest Joint Venture News

Champion Iron Limited reported a 19% increase in net profit to C$168.7 million for FY2026, driven by record production and sales, progress on its DRPF project, and the strategic acquisition of Rana Gruber.

Nex Metals has verified a 5-kilometre stretch of gold-bearing quartz veins at its North Henai project in Egypt, setting the stage for systematic assays and shallow diamond drilling within months.

Infinity Mining has kicked off ground exploration at its Hillside project in the Pilbara, targeting significant gold and copper anomalies identified over multi-kilometre corridors. The company has also strengthened its board with a seasoned geologist familiar with the region's geology.

Marmota Limited’s maiden drilling at Greenewood delivers exceptional high-grade gold assays, including multiple hits over 40 g/t and thick mineralised intersections. The discovery remains open along strike and at depth as Stage 3 drilling advances.

Xstate Resources confirms Diona-1 as a gas discovery with strong reservoir pressure but faces challenges removing completion fluids. The company is exploring advanced methods to clear the wellbore and enable sustained production.

International Graphite has secured a building permit to start earthworks at its Collie Micronising Facility, unlocking further government funding and keeping the project on track for completion in mid-2027.

Finder Energy is pushing ahead with its Kuda Tasi and Jahal (KTJ) oil development, lodging key regulatory approvals and progressing debt financing amid a firmer Brent oil price outlook. The company targets final investment decision by mid-2026 and aims for first oil in late 2027 or early 2028.

Classic Minerals has taken a decisive step towards mining at its Forrestania project by issuing a formal Notice of Decision to Commence Mining for the Lady Ada and Lady Magdalene deposits, despite ongoing legal challenges.

Australian Gold and Copper Ltd (ASX: AGC) has secured the Junee Gold Project in NSW through a $5.4 million share deal, adding seven drill-ready gold targets and raising $5 million to accelerate exploration.

International Graphite Limited and Italian chemical producer Alkeemia have formalised a joint venture to develop a major graphite processing facility in Porto Marghera, Italy, targeting 15,000 tonnes per year by 2029 with first production expected in 2027.

Redcastle Resources has launched continuous mining at its Redcastle Reef gold deposit, advancing from exploration to production under a capital-light joint venture with BML Ventures. Ore haulage to third-party processing is scheduled to begin in June 2026, with first toll treatment expected in July.

Eagers Automotive delivered record $13 billion revenue and underlying EBITDAI of $620.9 million in 2025, boosted by strategic investments in CanadaOne Auto and Mitsubishi Corporation. The company’s 2026 outlook is positive, supported by strong order books and easing supply constraints.