Latest Northern Territory News

PC Gold has settled the purchase of a 64-room accommodation camp near its Spring Hill Gold Project, cutting capital costs and enabling faster operational ramp-up. The company also announced a 500,000 performance rights issue to align employee incentives with key project milestones.

Lithium Plus Minerals has boosted its Lei Deposit lithium resource by 34%, raising contained lithium to 78.4kt and increasing Indicated resources to 55%, underpinning plans for a low-capex underground direct shipping ore operation.

Cadoux has wrapped up its first drilling program at the Wimmera Mineral Sands project in Victoria, setting the stage for downstream rare earth processing with Minhub’s Darwin plant feasibility study progressing.

Stelar Metals has revealed multiple rock chip assays exceeding 1% WO3 at its Hill of Leaders Project, marking a significant new tungsten discovery in the Northern Territory. The company is fast-tracking drilling to test the system's scale amid tightening global tungsten supply.

Charger Metals has completed the unconditional sale of its Bynoe Lithium Project to Core Lithium’s subsidiary for $3.75 million upfront, with further payments tied to resource milestones and a capped royalty. The deal frees capital for Charger’s Lake Johnston lithium exploration and development plans.

Sabre Resources has secured $2 million in a placement to fund drilling across its newly acquired 4,000km2 copper and gold projects near Tennant Creek, targeting high-potential IOCG and gold mineralisation.

iTech Minerals reports standout soil sampling results at Reynolds Range, confirming field-portable XRF as a reliable exploration tool and uncovering a new gold-antimony zone at Falchion. Drilling results are imminent.

Venari Metals has agreed to sell its Georgina Basin IOCG Project in the Northern Territory to UK-listed Alien Minerals, marking a strategic shift towards its lithium and critical metals operations in Nevada. The deal includes cash, equity, and a technical services agreement, but will trigger a significant accounting loss.

Daly Resources has won $150,000 in Northern Territory Government funding to conduct a major airborne electromagnetic survey at its Broughton copper-zinc project, aiming to refine exploration targets in the McArthur Basin.

Barkly Rare Earths (ASX:BAK) is launching a substantial 10,000-metre drilling campaign targeting expansion of its 40 million tonne inferred rare earth resource at the Barkly Project, with drilling set to start imminently.

Patronus Resources has hit high-grade gold well below the historical pit at its Tally Ho deposit in the Northern Territory, signalling promising depth extensions and a fresh mineralised zone.

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.