Latest Joint Venture News

Power Minerals Limited has amended its Rincon Lithium Project Joint Venture announcement to clarify mineral resource categories and assumptions, retracting financial forecasts to avoid investor confusion. The Rincon JV incorporation is imminent, unlocking a $4 million investment to advance lithium brine development.

Power Minerals Limited retracts non-JORC historical data for its Gamma Project in California while progressing critical mineral projects across three continents, supported by strong drilling results and fresh capital raises.

Pilot Energy is progressing its farmout process for the WA-481-P offshore gas project, eyeing early drilling at the Leander Gas Prospect before a delayed 3D seismic survey. The company targets first gas production by 2030 leveraging existing infrastructure.

Conico Ltd has raised $2.8 million through a share placement and entitlement offer, appointing Guy Le Page as Executive Chairman to steer its next exploration phase.

Alchemy Resources has reported impressive high-grade iron ore assay results from its maiden drilling program at the Southern Ridge target in Western Australia’s Valley Bore Project, confirming substantial mineralisation from surface to depth.

Hammer Metals has initiated a targeted 1,500m reverse circulation drilling campaign at its Yandal Gold Project, focusing on extending known gold mineralisation at Orelia North and exploring new anomalies at Bronzewing South.

Arcadia Minerals announces key leadership departures and a strategic pivot towards gold and critical minerals acquisitions, alongside planned drilling at its promising TVC Project in Namibia.

State Gas Limited has raised $3.2 million through convertible notes issued at a 33% premium, alongside a $0.5 million director debt conversion, to accelerate pre-development of its Rolleston West coal seam gas project following a maiden 2P reserve certification.

Sunstone Metals has raised $8 million through a discounted share placement to fund a scoping study and drilling at its Bramaderos Gold-Copper Project in Ecuador, while advancing strategic corporate discussions.

Anax Metals has completed a $2.4 million strategic placement with mining group Gold Valley at a 37.5% premium, while securing a $3.5 million loan to repay convertible notes, positioning the Whim Creek copper project for near-term development.

The Minerals Development Company Botswana has increased its investment in Botala Energy’s Serowe coal bed methane project to approximately A$4 million, signaling strong government backing for the company’s LNG ambitions.

Great Divide Mining has settled its dispute with Adelong Gold Limited, paving the way for full ownership of Challenger Mines and marking a key milestone in its transition to producer status.