Latest Joint Venture News

Lucapa Diamond Company Limited reported a robust Q1 2025 with a 74% increase in diamond grade at Lulo and a 36% revenue rise, while advancing its stake in the Lulo JV to 51%. Exploration at Merlin in Australia revealed significant new targets, setting the stage for further growth.

Horizon Oil reported steady Q3 FY25 production and cash flow, paid its fifth consecutive interim dividend, and announced a strategic acquisition in Thailand that promises to boost production and diversify its asset base.

Sparc Technologies has progressed to Stage 2 of its Sparc Hydrogen joint venture with pilot plant commissioning slated for mid-2025, while also securing its first patent for photocatalytic water splitting technology in Morocco. Concurrently, its graphene-based additive ecosparc® demonstrates promising field trial results, underpinning commercial momentum.

Sunstone Metals Limited reports maiden resource estimates and exploration targets for its Ecuador copper-gold projects, while progressing multiple corporate partnership discussions to unlock value.

EV Resources Limited advances its position in the critical antimony market with a 70% stake acquisition in Mexico’s Los Lirios project and full ownership of Utah’s historic Coyote Creek claims, setting the stage for exploration and development.

Golden Mile Resources is set to commence its maiden drilling program at the Pearl Copper Project in Arizona, following significant gold and silver assays at the newly identified Aurora Prospect. The company has secured key federal permits, marking a pivotal step in its US exploration campaign.

Odyssey Gold Limited has made significant strides in its Tuckanarra Gold Project during the March 2025 quarter, completing a regional airborne electromagnetic survey and signing a joint venture Memorandum of Understanding for ore processing. The company also initiated a technical study and appointed Matthew Syme as Executive Director.

Uvre Limited reported steady progress in its uranium and lithium exploration projects during the March 2025 quarter, completing Phase 2 geophysical surveys and advancing joint venture discussions while maintaining solid cash reserves.

MRG Metals Limited has achieved a significant milestone with the granting of the Corridor Central mining licence in Mozambique and is progressing exploration and joint venture development, while metallurgical testwork in Zimbabwe signals potential new opportunities.

Impact Minerals reports significant progress across multiple fronts, including a major nickel-copper-PGM anomaly at Arkun and nearing completion of the Lake Hope High Purity Alumina pre-feasibility study.

RBR Group Limited has signed a conditional MOU with Field Ready Group to establish a joint venture focused on employability training in Mozambique, supporting major LNG projects including ExxonMobil’s Rovuma LNG. The venture, through RBR’s subsidiary Futuro Skills, aims to enhance local workforce readiness and economic growth.

Genesis Resources has completed its acquisition of full ownership of the Plavica JV in North Macedonia and is progressing environmental studies and exploration planning for multiple Australian tenements ahead of 2025 drilling campaigns.