Latest Northern Territory News

Patronus Resources announces a selective buyback of 9.66% of its shares from St Barbara Limited, exchanging them for a significant stake in Geopacific Resources. This move aims to streamline Patronus’ share register and align shareholder interests ahead of a crucial approval vote.

Lithium Plus Minerals has identified significant high-grade beryllium mineralisation at its Northern Arunta Spotted Wonder Project, revealing promising polymetallic potential alongside lithium. This discovery positions the company at the forefront of critical minerals exploration in Australia.

Empire Energy Group has launched a $28 million equity raise to finance critical development activities in the Beetaloo Basin, targeting first gas sales from its Carpentaria Pilot Project in 2025. The capital raise, combined with a $65 million financing package, underpins the company’s ambition to commercialize one of Australia’s largest low-CO2 shale gas resources.

New Frontier Minerals Ltd highlights significant exploration progress at its Harts Range heavy rare earths project and the NWQ Copper Project, backed by strategic partnerships and promising assay results.

New Frontier Minerals has secured $1.59 million in funding to launch its inaugural drilling campaign targeting heavy rare earth elements, niobium, and uranium at the Harts Range Project, aligning with favorable US policies on supply chain diversification and nuclear energy.

Emmerson Resources has resumed drilling at its White Devil gold deposit, aiming to expand and refine its substantial mineral resource ahead of key development studies.

PointsBet has secured a significantly improved acquisition proposal from MIXI, lifting the cash offer by 13.2% to $1.20 per share and postponing the shareholder vote to June 25. The move intensifies the takeover battle amid ongoing regulatory approvals and a rival bid from Betr Entertainment.

Prodigy Gold NL has updated its Mineral Resource estimate for the Tregony Gold Deposit, reporting a 25% increase in gold ounces to 80,000oz, driven by 2024 drilling and a lower cut-off grade. The company plans further drilling in 2025 to build on this momentum.

Litchfield Minerals has revealed compelling assay results from its Phase 1 drilling at the Oonagalabi Project, confirming a large polymetallic copper-zinc system alongside a newly identified gold-silver-bismuth mineralisation linked to the Bomb Diggity magnetic intrusion.

Castile Resources has successfully detected Iron Ore, Copper, and Gold mineralisation at Pathfinder 38 using innovative Ambient Noise Tomography Survey technology, marking a first in exploration targeting. This breakthrough could redefine the company’s strategy to expand its Rover 1 style deposits.

Tamboran Resources has successfully closed the first tranche of its PIPE, raising US$38.7 million to advance its Beetaloo Basin projects, with a second tranche pending shareholder approval.

Tennant Minerals has secured $550,000 through a share placement to fund exploration and development at its Barkly copper-gold project, including the promising Bluebird discovery.