Latest Joint Ventures News

Omega Oil & Gas has kicked off its fully funded 2026/27 drilling program in Queensland’s Taroom Trough, aiming to unlock significant oil and gas volumes with a multi-well campaign focused on the basin’s eastern flank.

Sarama Resources has offloaded its Western Australian gold projects to Riedel Resources for A$3.2 million in cash and shares, securing a substantial equity stake and executive influence in the buyer while limiting shareholder dilution amid its arbitration claim.

Hancock Prospecting's Hanrine subsidiary has fast-tracked its earn-in to a majority 51% stake in Titan Minerals' Linderos Copper Project in Ecuador, backed by extensive porphyry copper intersections from recent drilling.

Contact Energy's June 2026 operating report reveals rising electricity and gas sales alongside a sharp decline in generation costs and robust hydro storage. Renewable projects continue to advance, supporting the company’s clean energy ambitions.

AuKing Mining has rapidly advanced its Tundulu Rare Earths Project in Malawi, confirming extensive carbonatite mineralisation beyond historical targets and securing $8 million to fund an expanded drilling campaign including diamond drilling.

Resources & Energy Group Limited (ASX:REZ) has formalised a joint venture with Rembrandt Mining to commence gold production at its Maranoa deposit, with Rembrandt funding all capital expenditure and REZ retaining full ownership and legal operator status.

Marmota Limited has pushed its Greenewood gold project drilling beyond 20,000 metres in just three months, significantly extending high-grade mineralisation and advancing its maiden scoping study.

South32 has outperformed its FY26 production guidance, boosted quarterly sales by 15%, and announced a strategic sale of aluminium assets to Alcoa for up to US$5.6 billion, pivoting towards a base metals-focused portfolio.

Perenti's subsidiary AMS, through AMAX Ltd, has secured a six-month contract extension at the Iduapriem Gold Mine in Ghana, including the sale of mining equipment valued between A$30 million and A$40 million to AngloGold Ashanti.

MGX Resources is accelerating development at its Central Tanami gold project with underground exploration and resource drilling, while monetising Koolan Island through a $20.2 million sale plus future revenue share, bolstering its cash reserves.

Bass Oil reported a 3% production increase in June 2026, driven by Indonesian output and Cooper Basin gains. The Bunian 6 well drilling is underway, expected to double group production, while the Vanessa gas field acquisition opens new gas sales and commercialisation pathways.

Beacon Minerals delivered steady gold output of 5,241 ounces in Q2 2026 at its Jaurdi Gold Project, alongside a fully franked cash dividend and a significant in-specie distribution of Forrestania Resources shares to shareholders.