Latest Resources News

Bass Oil Limited has acquired the Vanessa gas field from Beach Energy, marking its entry into gas production in Australia’s Cooper Basin. The company is raising $3.1 million to fund this acquisition alongside other growth initiatives.

Burley Minerals has successfully closed a significantly oversubscribed entitlement offer, raising more than $1.1 million to advance its iron ore and lithium projects in Australia and Canada.

Babylon Pump & Power is set to acquire Matrix Hydro Services, enhancing its water management capabilities in Western Australia’s mining sector, supported by a $3.5 million entitlement offer.

Patriot Resources is set to begin a 6,250-metre reverse circulation drilling program at its Katwaro copper-gold project in Zambia, aiming to extend high-grade mineralisation along an 8km strike. The campaign targets promising zones identified in previous sampling and mapping.

RareX Limited has successfully raised A$2.7 million through a share placement, attracting strong institutional support to advance its rare earths exploration projects in Australia and Kenya.

Exxaro Resources has agreed to acquire a near 20% stake in Jupiter Mines and a controlling interest in the Tshipi Manganese Mine, reshaping ownership and operational dynamics in the Kalahari Manganese Field.

Estrella Resources has upgraded four reconnaissance permits to exploration licenses in Timor-Leste, significantly enlarging its landholding and enabling advanced exploration activities targeting manganese and limestone deposits.

Freehill Mining is set to boost its Chilean operations with a second processing site launching in June, alongside advancing magnetite sampling and copper-gold exploration projects.

Carbine Resources has been granted a long-term mining lease for its Muchea Silica Sand Project, marking a significant step forward while awaiting further regulatory approvals.

Iltani Resources reports continued broad high-grade silver and base metals assay results from recent drilling at its Orient West project in Queensland, reinforcing its status as Australia's premier silver-indium discovery.

Connected Minerals has completed its inaugural drilling campaign at the Etango North-East Uranium Project in Namibia, exceeding initial plans due to promising geological signs. The company is now gearing up for a follow-up drilling program at its Swakopmund Project.

Kinetiko Energy has begun drilling its third production test well at Brakfontein, applying revised techniques to boost gas recovery ahead of a planned 2026 micro LNG plant launch.