Latest Resource Consolidation News

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.

Spartan Resources Limited will be removed from the S&P/ASX 200 index following its acquisition by Ramelius Resources, with Infratil Limited stepping in as its replacement.

Brightstar Resources and Aurumin Limited have entered live merger discussions to consolidate their Central Sandstone tenements, aiming to create a major gold development project with a combined resource of approximately 2.4 million ounces. The proposed scrip deal offers Aurumin shareholders a premium, though completion remains uncertain pending due diligence.

Beacon Minerals has completed a major drilling campaign at its Lady Ida Iguana Deposit, revealing promising near-surface gold zones and setting the stage for mining to begin in 2026.

Adavale Resources plans a significant 20:1 share consolidation to streamline its capital structure and attract institutional investors, coinciding with promising exploration progress at its Parkes Gold and Copper Project.

Turaco Gold Limited has updated its Afema Project mineral resource estimate to 3.55 million ounces of gold, marking a 40% increase since August 2024, while retracting a prior production target due to regulatory compliance concerns.

Turaco Gold has announced a significant 40% increase in its Afema Project gold resource in Côte d’Ivoire, now totaling 3.55 million ounces at an improved grade of 1.2g/t. The company is advancing towards a pre-feasibility study and environmental assessments, underpinning the project’s growing stature in West Africa.

Blackstone Minerals and IDM International have reported impressive assay results from drillhole CDH-61 at the Mankayan copper-gold porphyry project, confirming over 300 metres of high-grade mineralisation and a robust high-grade core. This milestone reinforces Mankayan's status as a world-class undeveloped copper-gold asset with significant development optionality.

James Bay Minerals reports a maiden JORC Mineral Resource Estimate of approximately 1.7 million ounces gold equivalent at its Independence Gold Project in Nevada, alongside the start of metallurgical testing and a new drilling campaign targeting resource growth.