Latest Joint Venture News

Vintage Energy has launched a $2.1 million equity entitlement offer to fund drilling two new gas wells, supported by a South Australian government grant, and to advance oil exploration in the Cooper Basin.

Hammer Metals reports encouraging copper and zinc mineralisation from recent drilling at its Bullrush Joint Venture and Isa Valley earn-in projects in NW Queensland, signalling potential for significant resource growth.

Triton Minerals advances the sale of a majority stake in its Mozambique graphite assets pending government approval, while assay results from its AuCu Gold-Copper drilling program remain delayed due to lab backlogs.

Winchester Energy has begun drilling the JVU-4 water-injection well as part of its Varn waterflood project, aiming to boost oil recovery through enhanced reservoir management.

Novo Resources has officially listed over 25 million free-attaching options on the ASX, following its recent capital raising. These options, exercisable at 15 cents, underpin the company’s ongoing exploration ambitions across Western Australia and New South Wales.

Alara Resources has announced that its Al Wash-hi Majaza Mine and concentrator in Oman are producing consistently above nameplate capacity, marking a significant operational milestone despite shipment delays.

Horizon Oil has released a first supplementary and replacement bidder’s statement for its off-market takeover offer for Cue Energy, proposing a mix of cash and shares that values Cue at a 10-14% premium. The deal aims to create a diversified oil and gas producer across Asia-Pacific with significant synergies.

Neometals Ltd has released a positive scoping study for its Ironclad gold deposit at the Barrambie Gold Project, outlining a rapid production pathway with potential output of up to 11,000 ounces of gold within a year.

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.