Latest Resource Investments News

Azzuro Resources has outlined conceptual exploration targets of up to 55 million tonnes across two Mongolian copper projects, while a strategic investment from Kerry Resources Logistics provides fresh funding for the next phase. The quarter also delivered high-grade Red Hill drilling, but the targets remain short of Mineral Resource status and quarter-end cash was only A$1.615 million.

High-Tech Metals has installed a new leadership team and arranged an 11.9% share crossing as it shifts focus from exploration to production at its Western Australian gold projects. The strategy is backed by approximately A$9 million in cash, but still depends on studies, approvals and shareholder decisions.

Indiana Resources has finished FY2026 with A$30.1 million in cash and term deposits, promising exploration results in South Australia and an unresolved dispute over 18% of its Tanzania settlement proceeds. The company is also preparing for Managing Director and CEO Matthew Bowles to leave in November.

Pursuit Minerals posted an A$666,579 FY2026 profit, but the result was driven largely by a fair-value gain on its Kendrick Resources investment rather than operating revenue. The company’s more consequential development is in Argentina, where Rio Grande Sur now carries a 1.264 million tonne LCE resource, a maiden probable reserve and a pre-feasibility case for 5,000 tonnes per year of lithium carbonate.

Lowell Resources Fund has secured $3.207 million through its Security Purchase Plan, taking total new units issued across its August capital raising to about 7.5 million. The announcement also contains a material mismatch between the stated placement proceeds and the reported combined fundraising total.

Fenix Resources delivered record iron ore shipments and haulage volumes in the June 2026 quarter, achieving full-year FY26 production within guidance while maintaining cash costs. The company strengthened its balance sheet with a US$44 million funding facility and forged a new freight partnership to reduce shipping costs.

Athena Resources has kicked off a 2,900m drilling campaign at its 100% owned Narryer Project, backed by a $3.5 million placement and shareholder-approved share consolidation to streamline capital structure.

Australian Mines appoints Andrew Nesbitt as Managing Director and adds two new Non-Executive Directors, while unveiling a 1-for-5 share consolidation and director incentives linked to key project milestones.

ASF Group has divested its non-core coking coal subsidiary for A$3.08 million, aiming to refocus capital towards growth and working capital enhancement.

Savannah Goldfields has secured $3.5 million through a $1.5 million equity placement at a 31.5% premium and a $2 million tiered royalty sale to fund the Agate Creek mine restart and ongoing operations.

Belararox has secured A$4 million from three strategic investors to fund ongoing exploration at its TMT Project in Argentina and the Kalahari Copper Project in Botswana. The capital raise includes a two-tranche placement and free attaching options, reinforcing the company’s financial position ahead of key drilling programs.

St Barbara has given the final investment nod to restart its Touquoy gold operation in Nova Scotia, signing major local contracts and aiming to resume ore processing by the end of 2026.