Latest Resource Acquisition News

Dreadnought Resources has completed a strategic acquisition of 12 tenements at Mangaroon, significantly boosting its rare earth and multi-mineral footprint in Western Australia’s Gascoyne region.

Rimfire Pacific Mining has exercised its option to acquire 100% of the Rabbit Trap Scandium Project, consolidating its position in a promising scandium resource in central NSW. Recent drilling results underpin the acquisition, highlighting significant mineralisation and growth potential.

Felix Gold has exercised its option to acquire 100% ownership of the Treasure Creek mining claims in Alaska, securing a strategic foothold in a project hosting high-grade antimony ore that meets U.S. military specifications alongside significant gold resources.

Breakthrough Minerals has completed the acquisition of the North Queensland Copper-Gold Project, gaining a substantial resource base and strategic landholding in the Mt Isa region. The company is now poised to advance exploration with multiple high-priority targets.

Reward Minerals has executed a binding agreement to acquire the Mountain Pond Gold Project in Newfoundland, featuring high-grade gold and copper assays and no prior drilling. The company plans to commence drill testing in the 2026 field season.

Belararox Limited has strategically expanded its Argentine copper exploration by acquiring the El Faro tenement adjacent to its Toro South target, adding 22km² of promising ground to its TMT Project. This move strengthens its position amid ongoing drilling targeting a potentially significant copper system.

Freehill Mining Limited has secured options to acquire a portfolio of promising copper-gold projects in Chile, including a JORC-compliant resource at Blanco y Negro and extensive exploration potential at Joshua and Samuel. The deal features low upfront payments and milestone-based future costs, aligning with Freehill’s growth strategy supported by its cash-generating aggregates business.

MGX Resources reported a $20.8 million half-year loss, driven by a major rockfall at Koolan Island that halted mining and triggered a $60 million asset impairment. The company is pivoting towards gold with its recent acquisition of a 50% stake in the Central Tanami Project.

Aeris Resources has withdrawn aspirational statements about extending mine life at its Tritton and Jaguar operations following its Peel Resources acquisition announcement, urging investors to exercise caution.

Alicanto Minerals has completed its acquisition of the Mt Henry Gold Project in Western Australia, setting the stage for an ambitious 50,000-metre drilling campaign aimed at expanding the existing 915,000-ounce gold resource.

Cobre Limited has secured A$60 million to acquire a majority stake in the Sierra Atacama Copper Project in Chile, positioning itself as a significant copper producer with strong expansion potential.

Breakthrough Minerals is set to launch a significant drilling campaign at its Hazel Creek Copper-Gold Project in Queensland, aiming to expand resources and unlock new mineralisation zones following its acquisition of the Queensland Copper-Gold Project.