Latest Resources News

Infinity Metals has cut the equity consideration for its Tule Canyon acquisition option by A$10,000, reducing the maximum issue from 10 million to 9 million shares. The revised terms are designed to keep the related-party transaction below the ASX threshold requiring shareholder approval and an independent expert report.

Helix Resources says the Supreme Court of British Columbia has declared its Gold Basin earn-in and joint venture agreement unenforceable and ordered the company to pay petition costs. The ruling puts the Arizona project’s future with Helix in question, while the company says its White Hills project is unaffected.

Maronan Metals has added a new AGM resolution seeking approval for a $20 million placement to fund drilling, feasibility work and permitting at its Maronan Project. The issue would also allow Kinterra Fund II to lift its voting power to approximately 22.99%.

Norwest Minerals has strengthened the technical case for its Bulgera heap-leach project, but its annual report highlights a sharper near-term constraint: just A$394,541 in cash at 30 June and material uncertainty over its ability to continue as a going concern. The company subsequently raised about A$1.89 million through an entitlement offer.

Plato Income Maximiser matched its benchmark with a 7.2% portfolio return in FY26 while maintaining its highest monthly dividend rate since listing. Profit after tax fell to A$41.8 million as investment gains dropped sharply from the prior year.

Larvotto Resources has moved Hillgrove from commissioning into revenue-generating operations, shipping its first 68 tonnes of antimony concentrate to offtake partner Wogen Resources. The delivery satisfies a condition for an initial payment, while the company prepares its first gold concentrate shipment.

Spheria Emerging Companies reported a sharp fall in FY2026 profit after tax after its portfolio returned just 0.3%, well behind the 8.1% benchmark. Monthly fully franked dividends continue and the listed investment company avoided a conversion vote after trading at a premium to NTA.

Javelin Minerals has advanced its proposed all-scrip takeover by FirstAU while securing Eureka’s final mining approval and reporting further gold intersections. The deal offers a broader exploration portfolio, but the loss of Eureka’s processing pathway and a cash runway of about 2.57 quarters remain material constraints.

QEM has completed its move into Idaho, acquiring the Big It and Garden Valley projects and outlining staged exploration of historical tungsten, antimony, gold and rare-metal targets. The company ended September with $3.98 million in cash while keeping major Julia Creek expenditure on hold.

BOA Resources has extended the interpreted copper mineralised trend at Rooneys beyond 500 metres, with shallow high-grade intersections supporting a larger follow-up drilling campaign. The results add another exploration thread to the company’s expanding Neds Creek project, although continuity and true widths remain untested.

Alara Resources’ independently audited reserve statement supports about eight more years of production at its Oman copper mine, with 7.70 million tonnes classified as Probable Ore Reserves. The update also reveals the limits of the mine plan: the licence expires before the scheduled mine life ends, while several technical studies remain unfinished.

Dundas Minerals has secured firm commitments for a $2.88 million placement to fund drilling and exploration across its Kalgoorlie and Romano gold projects. Forrestania Resources chairman David Geraghty will invest $750,000 and emerge with a 5.57% stake, while directors have committed a further $235,000 subject to shareholder approval.