Latest Mining Joint Ventures News

Gold Road Resources reports a robust half-year profit surge driven by higher gold prices and sales, while advancing a proposed acquisition by Gold Fields with a shareholder vote set for September.

Gold Road Resources Limited has agreed to be acquired by Gruyere Holdings Pty Ltd, owned by Gold Fields Limited, in a scheme of arrangement offering $3.29 per share in cash consideration. The Gold Road Board unanimously recommends shareholders vote in favor of the Scheme, subject to no superior proposal emerging.

Great Divide Mining disputes the validity of a Deadlock Notice issued by Adelong Gold over their Challenger Gold Mine joint venture, asserting the annual plan was properly approved and no deadlock exists.

Adelong Gold has formally issued a Deadlock Notice to Great Divide Mining, citing fundamental disagreements over the approval of the Challenger Gold Mine’s first annual programme and budget. The dispute raises questions about the joint venture’s path forward amid conflicting claims on production targets and technical assumptions.

Great Divide Mining disputes Adelong Gold’s claim that their joint venture’s first annual programme and budget were not approved, setting the stage for a potential legal showdown.

Lachlan Star and Cullen Resources report promising final assay results from the Killaloe Gold Project, revealing extensive shallow gold mineralisation and high-grade zones near the Duke Prospect. Plans are underway for a new drilling phase to further explore this under-explored Western Australian gold belt.

Chrysos Corporation reports robust FY25 financial growth driven by global adoption of its PhotonAssay technology and secures a strategic Master Services Agreement with gold giant Newmont. The company projects further revenue and EBITDA expansion in FY26.

Omnia Metals Group has entered a 50/50 joint venture with Hardy Metals to explore a highly prospective gold tenement at the Salt Creek Project, expanding its footprint in the Albany-Fraser Orogen near Kalgoorlie.

Patronus Resources has reported significant high-grade gold intercepts from air-core drilling at its Cardinia Gold Project, revealing new zones of mineralisation and advancing its joint venture with Golden Mile Resources.

Emmerson Resources’ latest scoping study confirms the White Devil gold deposit as a major mine with a robust resource base and strong financial metrics, setting the stage for feasibility studies and production growth.

Latitude 66 Ltd reported a significant quarterly cash outflow but has secured a $750,000 short-term loan linked to the pending sale of its Greater Duchess JV interest, aiming to sustain its exploration activities.

Carnavale Resources has reported a substantial 38% increase in its Kookynie Gold Project mineral resource, now totaling 117,000 ounces of gold, driven by new high-grade discoveries and expanded drilling results.