Latest Resources News

Horizon Oil has released a first supplementary and replacement bidder’s statement for its off-market takeover offer for Cue Energy, proposing a mix of cash and shares that values Cue at a 10-14% premium. The deal aims to create a diversified oil and gas producer across Asia-Pacific with significant synergies.

Star Minerals has completed the sale of its West Bryah copper-gold project to Catalyst Metals for $2.75 million, including cash and shares, while Catalyst also takes a strategic stake in Star Minerals. This move strengthens Star Minerals’ focus on advancing its Tumblegum South Gold Project.

MLG Oz Limited has locked in a 24-month contract extension at Northern Star’s Jundee Gold Mine, promising steady revenue and continued operational support.

Infini Resources has appointed seasoned Canadian contractors to launch its inaugural diamond drilling program at its Reynolds and Reitenbach Lake uranium projects, aiming to unlock high-grade uranium potential in the Athabasca Basin’s eastern margin.

Tesoro Gold Limited has expanded the El Zorro Gold Project’s known gold corridor by 10 kilometres following a high-resolution helicopter survey and soil sampling, revealing multiple new drill targets across a 40km structural corridor in Chile.

Hazer Group has inked a non-binding graphite offtake agreement with Green Steel of WA, marking a significant step in supplying low-emission steel production with up to 85,000 tonnes over 10 years.

Great Dirt Resources has appointed seasoned mining executives Tim Laneyrie and Sam Brooks to its leadership team, aiming to accelerate exploration and strategic acquisitions. These moves coincide with governance changes and a new corporate address, signalling a fresh phase for the ASX-listed explorer.

Lakes Blue Energy has temporarily halted gas flow testing at its Wombat-5 well to conduct extended pressure analysis, planning a perforation program to enhance production prospects.

Galileo Mining has reported encouraging drill assay results from its Norseman project, revealing consistent palladium-platinum-copper-nickel sulphide zones at the Mission Sill prospect and completing deep diamond drilling beneath the Callisto deposit.

Brookside Energy has reported a modest increase in its total proved plus probable reserves to 12.52 million barrels of oil equivalent, driven by strong performance from its operated wells in Oklahoma’s SWISH play. The company’s proved developed producing reserves also rose by 5%, underscoring steady operational progress.

Dalaroo Metals has identified a significant 2.5 km long gold mineralisation corridor at its Bondoukou Project in Côte d’Ivoire, highlighted by high-grade rock-chip samples and extensive artisanal workings. This discovery sets the stage for upcoming drilling and further exploration in a prolific West African gold belt.

Advance Metals reports outstanding silver-gold assay results from final drill holes at its Yoquivo Project, reinforcing expectations for a maiden JORC Mineral Resource Estimate. The high-grade, vertically extensive mineralisation highlights significant growth potential in the Pertenencia area.