Latest Joint Venture News

Helix Resources pushes back against Canex Metals' challenge to its Gold Basin joint venture, affirming compliance with agreements and regulatory standards despite ongoing takeover tensions.

Central Petroleum has terminated the sale of its Northern Territory subsalt permits and withdrawn from the EP112 joint venture, reallocating capital towards the Mt Kitty appraisal well and other projects.

Alma Metals has raised $4 million through an oversubscribed placement to fund critical drilling and pre-feasibility studies at its Briggs Copper Project, reinforcing investor confidence and positioning the company for increased joint venture control.

BPH Global’s Indonesian unit has locked in a four-year MoU with ITBM to integrate student-driven operations and research at its Takalar coastal seaweed site, setting the stage for scaled commercial development and local collaboration.

Altitude Minerals has secured $1.155 million through a placement to fund drilling and target development in Nevada and New South Wales, focusing on silver, gold, and copper-gold porphyry systems.

PTR Minerals has received the final batch of assay results from its Rosewood East drilling, revealing consistent, shallow, and high-grade heavy mineralisation. The company remains on track to deliver its maiden Mineral Resource Estimate in Q2 2026.

Sinowin Lithium, MRG Metals’ JV partner, commits to fund drilling at the Marão Titanium Dioxide Project in Mozambique, aiming to expand mineralisation and underpin a mining licence application amid broader JV progress.

Tribune Resources plans an on-market buyback of up to 5.25 million shares valued at approximately $27.8 million, aiming to return capital without disrupting ongoing operations.

Duratec has landed a $68 million subcontract to build and commission the Blast and Paint Facility at the Darwin Ship Lift, a strategic maritime infrastructure project supporting defence and commercial sectors.

Redcastle Resources is accelerating its shift from exploration to production, with mining operations set to start by late May 2026 under a capital-light joint venture with BML Ventures.

SRJ Technologies has secured A$2.57 million in a placement to fund execution of its Middle East contracts valued at approximately US$23.3 million, with revenue expected from Q2 2026.

Golden Dragon Mining has reported strong first-pass drilling results at its Behring Bore prospect within the Cue Gold Project, intersecting high-grade gold near surface and completing a follow-up drilling program with assays pending.