Latest Northern Territory News

KGL Resources has launched a $120 million entitlement offer at $0.20 per share, part of a $300 million capital raise to fund the Jervois Copper Project. The offer is underwritten except for pre-commitments from major shareholders, with new shares expected to be issued late July.

Sabre Resources (ASX:SBR) has lodged a prospectus offering up to 530 million new options, aiming to clear trading restrictions and raise capital for exploration and acquisitions.

Stelar Metals has uncovered new tungsten mineralisation zones at its Hill of Leaders project in the Northern Territory, setting the stage for imminent assay results and drilling campaigns.

Prodigy Gold is progressing key regulatory approvals to restart mining at its Old Pirate gold mine, supported by encouraging ore sorting testwork that significantly upgrades gold grades and promises operational efficiencies.

Korab Resources has pushed back the shareholder approval and settlement deadlines for its $4.35 million sale of the Geolsec mineral lease amid pending ASX clearance. The mineral lease, part of the Rum Jungle Project, remains a non-core asset for the company.

Beetaloo Energy reports promising flow testing from Carpentaria-5H with sustained gas rates and low decline, while its Carpentaria Gas Plant construction remains on schedule for first gas sales in late 2026.

Deep Yellow Limited has secured a 50% interest in the Cooper Creek Joint Venture, significantly enlarging its tenure in the Alligator Rivers Uranium Province and reinforcing its uranium exploration portfolio in Australia.

DevEx Resources has finalised the acquisition of Alligator Energy’s uranium tenements in the Alligator Rivers Uranium Province, expanding its landholding to about 9,200 km² around the historic Nabarlek Mine.

Verbrec has secured a $21 million contract to upgrade the McArthur River Pipeline, enabling commercial gas flow from the Beetaloo sub-basin and bolstering Northern Territory's energy security.

New Frontier Minerals is ramping up exploration at its Harts Range Project, focusing on 40 untested geophysical targets with an initial spotlight on the Kings Cross magnetic anomaly. Recent independent research underscores the district-scale copper-nickel-PGE potential of the region, reinforcing the strategic value of NFM's tenure.

KGL Resources has launched a A$300 million equity raising to complete funding for the Jervois Copper Project, combining it with a US$300 million streaming deal and existing cash to fully finance construction and production.

Sabre Resources is poised to kick off a major drilling campaign at its Kurundi North Project, aiming to unlock copper-gold deposits analogous to Tennant Creek. This follows a transformative acquisition pending shareholder approval and includes government-backed funding for follow-up diamond drilling.