Latest Resource Acquisition News

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Aeris Resources has withdrawn aspirational statements about extending mine life at its Tritton and Jaguar operations following its Peel Resources acquisition announcement, urging investors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

Global Uranium and Enrichment Ltd shares have been suspended from the ASX following Federal Court approval of a scheme of arrangement for acquisition by Snow Lake Resources Ltd.

GreenTech Metals has completed a transformative acquisition of a majority interest in the Munni Munni platinum group elements project in Western Australia, with drilling underway to verify and expand historic resources.

Summit Minerals has acquired the high-grade Keystone Project in Nevada and raised over $1 million through a rights issue, setting the stage for a strategic rebrand to Western Ridge Resources.

Resolution Minerals has announced a significant gold discovery at its Golden Gate North Prospect, marking a pivotal shift from exploration to development. The company also advances its critical minerals strategy with key acquisitions and a $25 million capital raise.

Sultan Resources has intensified exploration across its Lachlan Fold Belt tenements in NSW, focusing on promising gold-copper porphyry targets while securing $1.1 million to fund upcoming work.

Carnaby Resources has reported a 10% increase in its Greater Duchess Copper Gold Project resource, completed full ownership of the JV, and is advancing its pre-feasibility study with strong cash backing and promising drill results.

Orpheus Uranium Limited made significant strides in 2025 with critical land-access agreements and regulatory approvals across its uranium projects, positioning the company for advanced exploration in 2026. The acquisition of the Oobagooma Project further diversifies its portfolio in Western Australia.