Latest Joint Venture News

Sheffield Resources has resumed mining and processing at its flagship Thunderbird Mineral Sands Mine following repairs to critical equipment, signalling a return to production at this major Western Australian asset.

Variscan Mines maintains its 49% interest in the Callabonna Project while Chalice Mining steps in to fund and accelerate exploration through a new earn-in deal with Red Metal.

Pancontinental Energy has won a crucial 12-month extension for its PEL 87 offshore Namibia exploration licence, enabling further seismic analysis and drilling preparations. This extension keeps the project on track as the company seeks a farmin partner to advance exploration.

Anax Metals has successfully raised $10 million through a two-tranche placement, strengthening its financial position ahead of critical funding and development milestones for the Whim Creek Copper Project.

Adelong Gold Limited has received a $1.17 million tax indemnity claim linked to alleged fraudulent GST reporting at Challenger Mines, which it plans to dispute. The claim stems from activities predating the current management team.

Redcastle Resources has reported promising high-grade gold intercepts from a broad spaced drilling program, revealing a potential westward extension of the Redcastle Reef mineralisation beyond its current footprint. This discovery opens new avenues for resource growth and mine planning flexibility.

CVC Limited (ASX: CVC) is returning cash to shareholders with a fully franked 5 cent special dividend, driven by strong second-half performance and proceeds from its recent Laverton property sale.

MRG Metals confirms robust rare earth oxide mineralisation at its Garies project in South Africa, hitting a peak 4.49% TREO over 6.6 metres. This breakthrough drilling result underscores the project's potential as a critical supplier of magnet rare earths vital for clean energy technologies.

Vintage Energy launches a $2.1 million entitlement offer to fund critical oil prospect evaluations and install a permanent connection to the Odin gas field, aiming to cut operating costs and advance drilling plans.

Gibb River Diamonds has received a $7 million profit share from its Neta Gold Mine joint venture and is set to begin a new drilling program at its Edjudina Gold Project in April 2026.

Native Mineral Resources Holdings Limited has locked in exclusive 12-month mining rights at the Podosky Gold Project in Queensland, backed by promising high-grade drilling results and imminent mining plans.

Beacon Minerals reports multiple high-grade gold intersections from extensive drilling at the Iguana Deposit, reinforcing its resource potential. However, the company lowers its March quarter production guidance due to operational challenges.