Latest Joint Ventures News

Mitchell Services Limited delivered a robust Q1 FY26 performance, marked by a 68% jump in EBITDA and a dramatic 93% reduction in net debt. The company’s strategic investment in a decarbonisation joint venture signals a forward-looking growth trajectory.

Marmota Limited reports exceptional high-grade gold intersections from its maiden drilling program at the Greenewood discovery in South Australia, with detailed 1-metre assays underway to refine the promising results.

Black Cat Syndicate has locked in ore purchase agreements to boost processing at Lakewood, supporting the ramp-up of its Fingals and Majestic mines under its More Gold, Sooner strategy.

Verity Resources has acquired the remaining 34% joint venture interest in its Botswana copper-silver and nickel projects, gaining 100% ownership of a strategically significant critical metals portfolio. This move positions Verity to accelerate development in a region benefiting from major US export-import bank financing.

Koonenberry Gold is set to embark on an aggressive 10,000-metre drilling campaign at its Enmore Gold Project in northeast NSW, aiming to expand promising high-grade gold mineralisation and explore new targets along the Sunnyside Shear Zone.

3D Energi has raised $9.4 million to fund the drilling of its Essington-1 well in the Otway Basin, with Korea National Oil Corporation acquiring a 29% stake in the joint venture alongside ConocoPhillips. Drilling is set to commence in late October 2025.

Morella Corporation reports hydrometallurgical testwork by Edith Cowan University achieving up to 89% rubidium extraction from Mt Edon samples, validating the project’s technical potential and setting the stage for further optimisation and economic evaluation.

Patronus Resources has confirmed significant gold mineralisation at its Guppy prospect within the Cardinia Gold Project, with follow-up drilling planned in early 2026 to explore its full potential.

Legacy Minerals has partnered with Rio Tinto in a farm-in deal that could see up to $25 million invested in exploring the vast Thomson Project in NSW for intrusion-related copper and gold deposits.

Blue Star Helium has signed a key lease agreement with Kinder Morgan for CO2 processing equipment, advancing its Galactica Stage 1 project toward first helium and CO2 production by December 2025.

Great Divide Mining’s joint venture partner Dart Mining reports record high-grade surface samples at the Coonambula project, prompting accelerated drilling plans to define a significant antimony-gold resource.

DeSoto Resources has raised A$14 million in a strongly supported placement to fund its maiden drilling program in Guinea’s prolific Siguiri Basin, backed by a notable cornerstone investor and institutional interest.