Latest Offtake Agreements News

Australian Silica Quartz Group (ASQ) has finalized its acquisition of Australian Kaolin, gaining control of the White Swan Kaolin Project with a 47Mt inferred resource and an approved mining plan. The company raised $750,000 to advance development and is targeting export markets in Asia.

Black Rock Mining has secured an extension of its US$204 million debt facility to November 2026, providing more time to finalise equity funding for the Mahenge Graphite Project in Tanzania.

Australian Oil Company (ASX:AOK) has kicked off Phase 1 development in Queensland's Surat Oil Basin, completing well interventions at Emu Apple-1 and revising plans for Riverslea-3 to boost production and exploration.

Prairie Lithium restructures its board to sharpen focus on commercial lithium production, with Paul Lloyd stepping up as Executive Chairman to lead corporate strategy and financing.

Develop Global has locked in a major A$70 million mining contract for its Pioneer Dome lithium project, setting the stage for first sales in the December quarter of 2026. Strong drilling results and a binding offtake deal with Trafigura underpin the project’s fast-tracked development and cashflow outlook.

New Talisman Gold Mines commissioned its processing plant and secured commercial offtakes while reporting a $2.26 million net loss in FY26. The company is refocusing on geological modelling and targeted drilling to boost resource confidence and production.

The Elmet Group has exercised its option to acquire 20 million shares in EQ Resources, lifting its stake to over 23.6 million shares and reinforcing a strategic partnership that aligns mining and manufacturing in the Western tungsten supply chain.

Charger Metals has expanded its Medcalf Lithium Inferred Mineral Resource Estimate by 34% to 10.6 million tonnes at 1.0% Li2O, with tantalum grades also impressively high. The adjacent Medcalf West target adds further upside as Charger refocuses on advancing Lake Johnston.

Ioneer has secured non-binding letters of intent with Korea’s KIND and Hyundai Engineering, marking a key step towards a Final Investment Decision for the Rhyolite Ridge lithium-boron project, targeting first production in 2029.

Ore Resources Ltd has revealed new assay results from a 3,300m RC drilling program at its Kangaroo Hills Lithium Project, confirming significant extensions at the Big Red and Potoroo pegmatites and advancing near-term commercialisation options.

Iluka Resources has secured a multi-year, take-or-pay rare earths supply contract with a major automotive company, aligning with its Eneabba refinery ramp-up and backed by a $1.65 billion government loan for refinery completion.

Viridis Mining hosted European Union Commissioner Jozef Síkela at its Colossus Rare Earth Project in Brazil, marking a key step in forging strategic critical minerals partnerships between Brazil and Europe.