Latest Resource Consolidation News

Lotus Resources plans a significant share consolidation to better align its capital structure with its ASX300 status, aiming to attract a broader investor base. The move, subject to shareholder approval, coincides with a proposed update to the company’s constitution.

Patriot Resources has secured an 80% interest in two key exploration licences in Zambia’s Mumbwa district, strengthening its foothold in a promising copper region without additional cash outlay.

Caprice Resources has appointed CEO Luke Cox as Managing Director, underscoring confidence in his leadership to drive exploration and development in the Murchison Goldfields and West Arunta regions.

Redcastle Resources Limited has announced a 10-for-1 security consolidation affecting its ordinary shares and multiple option classes, set to take effect in late 2025. This move aims to streamline the company's capital structure ahead of key upcoming milestones.

G11 Resources Limited has revised the timetable for its planned 10-for-1 security consolidation, affecting ordinary shares and multiple option classes with adjusted exercise prices and quantities.

Critical Resources has acquired 90% of the Rock and Pillar prospecting permit, consolidating a strategic 10km strike along the prospective Cap Burn Fault in New Zealand ahead of a planned drill program.

Brightstar Resources Limited has consolidated its position as a leading Western Australian gold developer through the strategic acquisition of Aurumin Ltd, expanding its resource base and setting ambitious production targets. The company aims to ramp up production from current levels to 200,000 ounces annually by 2029, backed by robust feasibility studies and a multi-hub development strategy.

Strickland Metals reports a significant new gold and base metals discovery at its Kotlovi Prospect near the Medenovac deposit, highlighting strong growth potential at the Rogozna Project in Serbia.

Turaco Gold has reported a significant 40% increase in its Afema Project gold resource to 3.55 million ounces, alongside promising high-grade drilling results and a robust $60 million capital raise to fund ongoing development.

Mindax Limited strengthens its position in Western Australia's Mid-West iron ore sector with a strategic investment in Cashmere Iron and an option to acquire full ownership of the Mt Forrest project.

Capricorn Metals has announced a definitive plan to acquire Warriedar Resources, consolidating key Western Australian gold assets and enhancing production capacity. The all-scrip deal offers Warriedar shareholders a 29% premium and positions Capricorn for a combined 9.1 million ounce gold equivalent resource.

Capricorn Metals has agreed to acquire Warriedar Resources in a court-approved all-share deal, expanding its Western Australian gold footprint and adding 2.3 million ounces gold equivalent to its resource base.