Latest Joint Venture News

Carnaby Resources has made significant strides at its Greater Duchess Copper Gold Project, delivering a robust Pre-Feasibility Study and consolidating ownership, before agreeing to a $213 million acquisition by Evolution Mining offering shareholders a 60% premium.

Citigold and Native Mineral Resources have partnered to explore and potentially mine four tenements near Charters Towers, with Native taking operational control of exploration and possible mining.

Native Mineral Resources (ASX:NMR) has secured exclusive rights to explore and potentially mine four tenements near its Blackjack operation through a joint venture with Citigold (ASX:CTO). The staged agreement allows NMR to assess mineralisation before deciding on mining, with cost recovery and profit sharing structured to align both parties.

Bass Oil’s Bunian 6 well in Indonesia has uncovered a previously untested third oil pay zone, set to triple production and boost field reserves potential.

Cazaly Resources has completed the grant of all five tenements for its Romano Gold Project, finalising Dundas Minerals’ 80% earn-in joint venture with a $1.7 million cash and shares consideration. The project lies adjacent to the 6Moz Gruyere gold mine, setting the stage for systematic exploration.

Ionic Rare Earths (ASX: IXR) and US Strategic Metals have agreed to a 50-50 joint venture to develop rare earth magnet recycling facilities at a fully permitted Missouri site, backed by US$100 million in funding.

Macarthur Minerals has obtained additional regulatory approval for bulk sampling at its Lake Giles Hematite Project, reinforcing operational momentum alongside its joint venture partners Gold Valley and Destec.

Marmota Limited has ramped up its maiden drilling campaign at the Greenewood gold discovery to 31,000 metres, focusing on the Mainwood zone to extend mineralisation and support an upcoming scoping study.

CuFe Ltd posted a $5.14 million net loss for FY26, driven by exploration expenses and share-based payments, while making substantial progress on its Tennant Creek Copper Project, buoyed by a $15.4 million strategic investment from Pan African Resources and a $20.75 million capital raise.

Nex Metals Explorations and Wangkatja Tjungula Aboriginal Corporation have significantly enlarged their East Scotia Gold Project in Western Australia, submitting four new exploration licence applications that boost the project area to approximately 873.1 square kilometres.

Tamboran Resources and its joint venture partner have begun gas commissioning at the Sturt Plateau Compression Facility, a critical step toward delivering natural gas to the Northern Territory market under a long-term contract.

Core Energy Minerals (ASX:CR3) has locked in a staged earn-in agreement to acquire up to 51% of the Nova Uranium Joint Venture in Namibia’s prolific Erongo Region, adding advanced uranium prospects to its growing portfolio.