Latest Resource Acquisitions News

The Australian Taxation Office has issued a binding ruling clarifying the tax treatment for De Grey Mining shareholders following Northern Star Resources’ acquisition. The ruling confirms capital gains tax deferral options for eligible investors.

Gorilla Gold has completed the acquisition of the remaining 49% stake in the Comet Vale Project, boosting its ownership to 100% and positioning itself to expand the high-grade gold resource.

Asra Minerals has executed a binding agreement to acquire the remaining 49% interest in the Mt Cutmore prospects, consolidating full ownership of a significant gold resource within the prolific Leonora North Gold Project.

C29 Metals has identified several promising multi-commodity exploration targets in Kazakhstan through advanced airborne geophysical surveys, setting the stage for extensive fieldwork and drilling later this year.

Nordic Resources has confirmed significant historical gold and copper intersections at its newly acquired Kiimala Trend project in Finland, underscoring the project's exploration potential alongside its flagship Kopsa asset.

Yari Minerals has agreed to acquire the Rolleston South Coal Project, adding a JORC-compliant inferred resource of 78.9 million tonnes in Queensland’s Bowen Basin. The deal includes shares and performance rights, with plans to expand and upgrade the resource through drilling.

Lithium Energy Limited has received over US$33 million from the partial sale of its Solaroz Lithium Brine Project and acquired a 100% stake in the Capricorn Gold-Copper Belt Project, positioning itself for a strategic turnaround amid ASX suspension.

DMC Mining progresses its strategic acquisition of the Firawa and Labé uranium projects in Guinea, despite ongoing delays in exploration licence grants. The company extends its capital raising timetable while navigating ASX suspension and financial constraints.

Astral Resources has updated its Mandilla Gold Project resource to 1.43 million ounces and completed the acquisition of Maximus Resources, positioning itself for a major development milestone with a Pre-Feasibility Study due in June 2025.

SSH Group Ltd reported a robust $45.1 million positive cash flow this quarter, secured preferred tenderer status for the Gold Duke Project, and signed a term sheet to acquire Total Contract Mining, signaling strategic expansion.

Maximus Resources Limited has issued a Target's Statement recommending shareholders accept Astral Resources NL's off-market takeover bid, which offers a significant premium and improved liquidity. The offer, valuing Maximus shares at approximately $0.073 each, aims to consolidate gold assets in Western Australia under Astral's larger portfolio.

Cosmo Metals has appointed Ian Prentice as Managing Director, tasking him with accelerating exploration at the promising Bingara and Nundle projects in NSW. Prentice’s extensive industry experience signals a strategic pivot towards unlocking value in underexplored assets.