Latest Joint Venture News

Mt Malcolm Mines (ASX:M2M) is gearing up for a major drilling campaign at its Calypso Gold Prospect, aiming to convert a substantial Exploration Target into a JORC-compliant Mineral Resource. The program follows high-grade discoveries at the newly identified T3 Constance Lode and historical multi-lode mineralisation.

Altitude Minerals has locked in a 2,300m drilling permit and contracted a rig to test high-priority copper-gold targets at its Byrock Project in NSW, with drilling set to start mid-June 2026.

Ionic Rare Earths (ASX: IXR) has secured binding agreements to supply critical rare earth oxides to US-based Advanced Magnet Lab, supporting domestic production of permanent magnets for defence applications under a US Defense Logistics Agency contract.

Cygnus Metals has delivered robust high-grade drilling results at its Golden Eye deposit, reinforcing its strategy to upgrade inferred resources to indicated status, while commencing exploration at the Gwillim gold prospect with JV partner Alamos Gold.

Amplitude Energy has agreed to buy half of the Artisan gas field from Beach Energy for $58.3 million upfront plus a capped royalty, accelerating gas production and enhancing the East Coast Supply Project’s economics.

Dreadnought Resources has secured a mining lease for its Metzke’s Find deposit within the Illaara Gold Project, a key step towards commercial production of its 14,900 oz high-grade gold resource. The lease enables infrastructure development and supports ongoing drilling that aims to expand the resource.

Platina Resources has struck a farm-in and joint venture deal with NE Minerals to advance the Brimstone Gold Project, shifting capital risk while retaining a 20% stake in the Western Australian asset.

Corella Resources has completed due diligence on the Chobe Project tenements, advancing its plan to acquire a 75% stake from Caprice Resources. The project, rich in carbonatite potential, awaits final capital raising and regulatory approvals.

Koonenberry Gold has identified a third major fault structure at its Enmore Project, with rock chip samples from Queen of Sheba returning up to 87g/t Au and historical samples up to 180g/t Au, underscoring the district-scale potential of the NSW project.

Tasman Resources appoints experienced director Adam Turnbull as it raises $4.05 million to fund expanded drilling at Parkinson Dam and Lake Torrens projects, positioning for a potentially transformative 2026 exploration year.

MetalsGrove Mining has identified extensive gold anomalous trends spanning 18km at its Zuénoula permit, setting the stage for multiple drill targets as soil sampling and assay results advance.

Tivan Limited has formalised binding joint venture agreements with Timor-Leste’s state-owned Murak Rai Timor to develop the Baucau and Ossu copper-gold projects, targeting maiden drilling at Ossu in late 2026.