Latest Joint Ventures News

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.

Evion Group has raised $2 million through a Rights Issue and Shortfall Placement to accelerate expansion of its Panthera Graphite JV, aiming to double production capacity amid strong global demand.

Agrimin Limited has initiated a strategic review of its Mackay Potash Project in response to challenging capital markets, scaling back operations and announcing key leadership changes.

News Corporation reported a robust half-year performance with revenues up 4% to $4.33 billion and net income soaring 80% to $334 million, while advancing its strategic pivot through the planned sale of Foxtel.

Orbminco Limited has defined significant new drill targets at its Bronze Fox Copper-Gold Project in Southern Mongolia, following promising trench sampling results and geophysical surveys. The company is gearing up for an expanded drilling campaign in mid-2025 to explore these high-potential zones.

Polymetals Resources Ltd has temporarily paused trading of its securities, signaling an imminent announcement that could reshape investor expectations.

Aurumin Limited has initiated a 2,000m drilling campaign at its Central Sandstone Project targeting high-grade iron ore, advancing a potential $7 million joint venture with Newcam Mineral Pty Ltd. This move aims to unlock significant value from a promising iron ore district with grades up to 67% Fe.

Narryer Metals reports significant high-grade heavy mineral concentrations over an 8km strike at the Muckanippie Titanium Project, highlighting promising potential for a major deposit.