Latest Joint Venture News

Trek Metals has completed its maiden manganese drilling at the Kuro discovery in WA, with visual manganese logged in 63 of 72 holes. The drilling confirms Induced Polarisation as an effective tool for uncovering concealed manganese mineralisation, with assay results expected by early August.

Omega Oil & Gas has kicked off a fully funded drilling program in Queensland’s Taroom Trough, backed by a strong $102 million cash position and no debt, aiming to unlock significant oil and gas volumes.

Galileo Mining has identified a previously unrecognised mineralised ultramafic sill beneath its Callisto Resource, boosting the prospectivity of its Norseman PGM project and kicking off a 5,000-metre aircore drilling program targeting multiple high-priority sulphide zones.

Tivan Limited has locked in key investment frameworks worth up to $50 million for its Molyhil Tungsten Project and confirmed premium acidgrade fluorspar production at Speewah, underpinning strong project economics and strategic partnerships.

Duratec has landed approximately $70 million in contracts spanning energy, marine, and mining sectors, notably winning a construction management role at Orica’s Hunter Valley Hydrogen Hub.

IGO Limited closed FY26 on a high note with improved safety metrics, rising spodumene prices, and a strategic divestment of its Nova nickel operation. Despite a fire-induced shutdown at Greenbushes, the company maintained robust cash flow and set ambitious FY27 guidance.

Deep Yellow Limited has accelerated progress at its flagship Tumas uranium project in Namibia, awarding major construction contracts and pushing detailed engineering close to 80% completion ahead of a Final Investment Decision expected in Q4 2026. Exploration activities in Namibia and Australia continue to build the company’s resource pipeline amid a strengthening uranium market.

Deterra Royalties reported a record A$61.8 million iron ore royalty revenue from Mining Area C in the June 2026 quarter, alongside significant progress at the Thacker Pass lithium project with US$1.21 billion drawn from a US Department of Energy loan.

Black Canyon Limited’s June quarter report highlights robust drilling results and beneficiation success at Wandanya, supported by a $265K WA government grant and a solid $7.8 million cash position.

Nex Metals Explorations reports metallurgical test results confirming ~1 g/t gold grades at its Kookynie Tailings Project, alongside the unexpected identification of scheelite, a tungsten mineral, as a potential byproduct.

Lion Energy has locked in funding and government approval for its Bula Karang-1 well in Indonesia, targeting a September spud, while winding down its hydrogen project to focus on core upstream oil and gas activities.

Strategic Energy Resources (ASX:SER) is gearing up for a major 2026 field season with three high-impact diamond drilling programs across its Queensland copper-gold projects, backed by joint ventures and government grants. A $1.5 million capital raise recently completed will support drilling activities, while a new $6 million JV with Sumitomo Metals Mining targets the Bulimba Gold Project.