Latest Joint Ventures News

Teaminvest Private Group Limited reported a 20.1% rise in half-year profit after tax, even as revenues slipped slightly by 0.9%. The company also declared a steady dividend, signaling confidence amid mixed financial signals.

Wellnex Life Limited has announced a non-renounceable entitlement offer to raise approximately $22.1 million at $0.65 per share, supporting its planned AIM listing and strategic growth initiatives.

S2 Resources has initiated its first aircore drilling campaign at the Yeungroon project, aiming to delineate gold-arsenic hotspots along the extensive O'Connors trend. Results are expected by April 2025, potentially unlocking new opportunities in Victoria’s historic goldfields.

The Star Entertainment Group has declined non-binding offers from Chow Tai Fook Enterprises and Far East Consortium for its 50% stake in the Destination Brisbane Joint Venture, citing insufficient value. The company continues to explore liquidity options but faces ongoing uncertainty about its financial stability.

Scorpion Minerals Limited has voluntarily suspended trading of its shares as it finalises a capital raising and a potential joint venture agreement, signaling significant corporate developments ahead.

Patriot Battery Metals has launched a significant 2025 winter drilling campaign at its Shaakichiuwaanaan Property, aiming to extend high-grade lithium zones and support an upcoming feasibility study. The program targets 15,000 meters of drilling with results expected to shape the company’s development trajectory.

Nagambie Resources has uncovered compelling historical and recent data on antimony and gold veins at its Whroo Project, setting the stage for a targeted drilling campaign that could unlock significant value.

Pilbara Minerals delivers record production and sales at Pilgangoora but faces statutory net losses due to joint venture investments and expansion costs. The company remains optimistic about long-term lithium market prospects.

Moho Resources has agreed to sell its Empress Springs Project in Western Queensland for $1.258 million, including deferred payments and a retained royalty, as it refocuses its portfolio.

PM Capital Global Opportunities Fund Limited reported an 11% rise in half-year profit to $39.8 million and declared a higher fully franked interim dividend of 5.5 cents per share, reflecting strong portfolio performance amid global market volatility.

Hartshead Resources has submitted a development programme and budget to the P2607 Joint Venture, proposing a new gas export route through CalEnergy’s Saturn Banks pipeline, promising reduced capital expenditure and accelerated production timelines.

Aureka Limited has initiated a new diamond drilling campaign at its Tandarra Gold Project JV while continuing strong progress at the Irvine Gold Project, aiming to expand its gold mineralisation footprint in Victoria.