Latest Joint Venture News

Tivan Limited has secured an early release of $3 million from its $7.4 million IPCM grant to advance the Speewah Fluorite Project’s feasibility study, aligning funding with project timelines and reinforcing financial backing ahead of a final investment decision.

Tasman Resources reports progress on drilling preparations at its South Australian projects, with Fortescue-led heritage surveys set to unlock Titan West drilling this year, while Parkinson Dam faces scheduling delays.

Auric Mining has received the final $2.2 million cash distribution from its Jeffreys Find Gold Mine joint venture, bringing total cash returns to $16.5 million and significantly strengthening its financial position.

Neometals has secured a 30-day extension to its exclusivity period with BML Ventures for the Ironclad Deposit development, allowing both parties to finalise due diligence and internal studies ahead of a joint venture agreement.

Gibb River Diamonds reports over 5,200 ounces of gold produced from its Neta Gold Project, generating nearly AUD 38 million in sales, with final processing results pending. The company anticipates a significant cash payment soon and plans further drilling at Edjudina.

Sheffield Resources has withdrawn its March quarter production and shipment guidance for the Thunderbird Mineral Sands Mine due to ongoing operational challenges, including equipment failures and weather impacts. The company has initiated management changes and plans to commence shipments of a new HiTi concentrate product this month.

Alchemy Resources has agreed to sell its Karonie and Lake Rebecca gold projects to Forrestania Resources for $5 million in shares, while retaining a 1% royalty. This deal marks a strategic refocus on Alchemy’s promising New South Wales assets.

Noronex Limited has completed the sale of its non-core Dordabis Copper Project in Namibia, receiving the final payment and strengthening its cash position to advance exploration in higher-priority uranium and copper assets.

Savannah Goldfields reports steady gold pours at its Georgetown plant through early 2026, with a planned maintenance pause and a clear roadmap to resume mining and processing activities in the coming months.

Chariot Resources has secured Nigerian government approval for the transfer of six lithium licenses, marking a key step toward acquiring a majority stake in a promising Nigerian lithium portfolio. This regulatory milestone enables immediate exploration and mining activities at multiple projects amid soaring lithium prices.

Hammer Metals is set to accelerate exploration with a 3,000m drilling campaign at its Kalman Critical Metals Deposit and other key copper-gold prospects in Mount Isa, aiming to upgrade resources and underpin a maiden Scoping Study.

Nex Metals Explorations is progressing metallurgical testing at its Kookynie Tailings Project and broadening collaboration with WTAC, while navigating geopolitical challenges delaying its Egyptian exploration efforts.