Latest Square News

Cadoux has extended WIM-style rare earth-zircon mineralisation onto its Wimmera joint venture ground, with Toolondo returning 20 metres at 0.86% in-situ zircon from just 8 metres. The result is promising but remains early-stage: rare earth chemistry is incomplete and no resource has been estimated.

Great Dirt Resources has identified three Priority 1 lithium targets at its Pilbara project, while NSW rock-chip sampling returned manganese grades of up to 55.1%. The explorer ended September with A$3.401 million in cash and an estimated 8.2 quarters of funding.

Evion Group has secured mining permits for its flagship Maniry graphite project in Madagascar and signed its first binding supply commitment, while its Nevada fluorspar exploration and Indian downstream operations also advanced. The company ended September with A$5.755 million in cash, but major development milestones still depend on funding, approvals and final agreements.

Parabellum Resources has reported an initial 4.8 million tonne nickel-cobalt resource at its Redlands Project in New South Wales. The exploration-stage milestone comes with recommendations for more drilling and technical work, while the company held $689,000 in cash at quarter-end.

OZZ Resources has completed its return to the ASX with a new critical minerals focus, but its $3.884 million cash balance is yet to translate into Bedaburra exploration spending. The company is now seeking to expand the Western Australian project while it rebuilds its exploration pipeline.

oOh!media’s proposed $1.68-per-share takeover by I Squared Capital has cleared the New Zealand Overseas Investment Office, removing one condition to the scheme. FIRB approval, shareholder approval and court sanction remain outstanding before the transaction can proceed.

Evergold Minerals has completed a busy exploration quarter at Mt Monger, where drilling confirmed broad and high-grade gold mineralisation and identified the new Vanguard zone. The progress comes with a lower cash balance of $2.765 million and an estimated 2.28 quarters of funding at the latest spending rate.

Kinetiko Energy has moved its Brakfontein project closer to production, adopting a Phase 1 development plan and advancing permitting and CNG engineering. The progress comes with only 1.54 quarters of funding available, leaving the company reliant on pending capital and project payments.

Australasian Metals is moving toward a December decision on its proposed Côte d’Ivoire expansion, with Atex auger drilling expected to begin in November. The explorer ended September with approximately $3 million in cash and no debt after a $1.05 million placement.

Elixir Energy has agreed to farm out half of its interests across much of the Taroom Trough to Beach Energy for $25 million in cash and a four-year, $180 million gross carried work program. The deal could materially reduce Elixir’s funding burden, but completion still depends on several approvals and conditions.

Flagship Minerals has extended its Rosario Copper Project option by one year and cut the final exercise payment from US$2 million to US$1 million. The revised terms give the company more time to advance Isidora before committing further exploration capital to Rosario.

DeSoto Resources has expanded its Timbakouna power auger program by 200 holes after airborne geophysics generated new targets across Guinea’s Siguiri Basin. The company ended September with A$7.74 million in cash, while initial drilling assays are expected in early November.