Latest Project Due Diligence News

Altair Minerals (ASX: ALR) has identified a regionally extensive high-grade gold structure at North Peters and confirmed strong gold enrichment beneath surface soils at South Oko, setting the stage for imminent diamond drilling and expanded exploration in Guyana.

ABx Group and Good Importing International are progressing their bauxite projects in Queensland and New South Wales, with environmental approvals on track and significant investments underway.

Westar Resources is set to raise $1.49 million through a two-tranche share placement aimed at funding exploration and new project due diligence. The placement features discounted share prices and awaits shareholder approval for the larger second tranche.

Asian Battery Metals PLC has reported strong exploration progress in Mongolia, including excellent copper recoveries at its Oval project and high-grade copper-gold assays at Maikhan Uul, supported by a $6 million equity raise.

Rubix Resources has reported assay results from its Queensland Paperbark Project that align with expectations, revealing significant zinc, lead, and copper mineralisation. The company also advances exploration across multiple projects and pursues new asset acquisitions.

Native Mineral Resources Holdings Limited has entered a binding joint venture with Haoma Mining NL to develop the Ravenswood Gold Project, leveraging NMR’s Blackjack Operations as a regional processing hub.

Bastion Minerals advances its ICE Copper-Gold Project with a new geochemical exploration program and strategic board appointments, while preparing for a November capital raise to fund ongoing activities.

Bellavista Resources confirms successful initial bioleaching tests at its Brumby deposit, recovering key critical minerals, while progressing due diligence on over 50 potential projects to expand its portfolio.

Westar Resources has secured $1.5 million through a heavily discounted share placement aimed at funding exploration and new project due diligence. The capital raise involves issuing 300 million shares, including participation from company directors.

Asian Battery Metals PLC has successfully raised $6 million through an oversubscribed equity placement, positioning the company to advance exploration and acquisition efforts across its Mongolian battery metals projects.

Quantum Graphite Limited has made significant strides in developing its Eyre Peninsula Graphite Hub, progressing detailed planning with government stakeholders and attracting new financiers for its Uley 2 project. Exploration and purification testwork updates promise to refine its resource and product quality outlook.

Infinity Lithium Corporation has decided against exercising its option on Dart Mining's gold and base metals projects, opting instead to concentrate on advancing its wholly owned Cobungra gold-silver project in Victoria.