Latest Joint Venture News

Redcastle Resources completes a 13,539m grade control drilling program at Redcastle Reef, delivering exceptional high-grade gold intercepts and identifying a 300m western extension. Sixteen new gold targets emerge across the underexplored TBone Belt as mine readiness progresses toward mid-2026 production.

FMR Resources wraps up Phase I drilling at its Chilean Llahuin Project, revealing extensive mineralised porphyry zones, while initial assays from Canada’s Goshen Prospect affirm a copper system. The company holds $3.1 million in cash and plans Phase II drilling.

Ardea Resources is progressing its Kalgoorlie Nickel Project’s Definitive Feasibility Study with strong financial and strategic support from a Japanese Consortium and government export banks, aiming to secure a major nickel-cobalt supply chain.

West Coast Silver has confirmed a substantial high-grade silver resource at Elizabeth Hill, supported by exceptional drill results and a maiden Mineral Resource Estimate, setting the stage for accelerated development.

Belararox has ramped up drilling at its TMT Project in Argentina, unveiling a significant high-grade silver zone at Toro Central and expanding its landholding with the El Faro acquisition. Meanwhile, exploration in Botswana gears up with a major airborne electromagnetic survey, and the company contemplates divesting its Australian Belara Project to sharpen focus on core assets.

Patronus Resources has validated extensive gold targets at Pine Creek and begun diamond drilling at Fountain Head, while securing full ownership of Guppy-Benalla and divesting non-core assets to maintain a strong $75 million cash position.

Yari Minerals has lifted its total coal resource at Rolleston South to approximately 223 million tonnes, including a maiden indicated resource of 33.7 million tonnes. The project’s shallow coal seams and strong quality underpin potential open-cut mining and export opportunities.

Auric Mining has delivered a stellar quarter with its Munda Starter Pit producing 46% more gold than forecast, driving a net profit of A$5.2 million and lifting cash reserves to A$42.2 million.

ANZ moves to fully own the ANZ Worldline joint venture by acquiring Worldline S.A’s 51% share for $89 million, aiming to deepen its transaction banking services as part of its 2030 strategy.

Red Sky Energy bolsters its Innamincka Dome operations with binding AFEs for new wells and a $5.2 million capital raise, targeting near-term production growth and cashflow.

Bass Oil’s March quarter saw a 13% production dip due to Cooper Basin rains but secured key gas field acquisitions, a $3.5 million grant, and completed a $3 million capital raise.

Arrow Minerals secures $2.25 million to fund the acquisition of an 80% stake in the Yarraloola Copper Project and plans a 2,000m drilling campaign targeting copper and gold in WA’s Pilbara.