🕒 Friday 31 January 2025 Fri, 31 Jan 2025

Lithium Energy Limited has secured unconditional shareholder approval for the amended sale of its Solaroz Lithium Brine Project, with completion now staged over two tranches through January 2026. Meanwhile, the company prepares for the Axon Graphite spin-out IPO, navigating an ongoing ASX trading suspension due to operational thresholds.

Scorpion Minerals highlights strong gold and copper exploration prospects in its December 2024 quarterly report, focusing on the largely untested Pharos Project and strategic plans for the Mt Mulcahy copper asset.

Alara Resources reports a marked increase in copper production at its Wash-hi-Majaza mine in Oman alongside encouraging early exploration results from the Block 8 concession, signaling potential growth in its copper-gold portfolio.

Yojee's December quarter report reveals solid transaction growth, successful Global Air deployment in Singapore, and promising progress on its MOSAIC platform, supported by a strong cash position and no debt.

Strike Resources reports steady progress on its high-grade Apurimac Iron Ore Project in Peru, alongside key developments in its Lithium Energy investment and sale agreement.

WA Kaolin Ltd has marked a pivotal operational milestone in Q4 2024 with the successful commissioning of its classifier project, boosting production and product quality. The company is now poised for growth with increasing sales and a planned equity capital raising.

African Gold Ltd reports outstanding drilling results from its Didievi Project, including a 65m intercept at 5.6 g/t gold, prompting an expanded 10,000m drilling campaign and a significant resource update planned for later in 2025.

Rewardle Holdings Limited reported a robust net cash inflow from operating activities of $3.98 million for Q4 2024, offsetting significant investing outflows and ending the quarter with $1.23 million in cash.

Rewardle Holdings reports a strong December quarter with positive cash flow and a significant valuation uplift in its CloudHolter partnership, underpinning its multi-pronged growth strategy.

Yowie Group’s Q2 FY25 results reveal a mixed performance with a 33% revenue drop in North America offset by growth in Australia and ongoing cost optimisation efforts.

Savannah Goldfields Limited reported a net cash outflow in its December 2024 quarter, highlighting ongoing operational cash burn and a heavy reliance on loan facilities to sustain activities. The company’s liquidity position raises questions about its near-term funding strategy.

Cosmos Exploration has taken a major step into the global lithium market by signing an exclusive option agreement to acquire EAU Lithium Pty Ltd, unlocking access to Bolivia’s vast lithium resources and pioneering advanced extraction technology.

ANTAM has reported an all-time high in gold sales for FY24 alongside robust production in nickel and bauxite, underpinned by strategic partnerships and a strong sustainability agenda.

Newfield Resources Limited reports a strategic pivot for its Tongo Diamond Mine, engaging a joint development partner to reduce costs and delay bulk sampling amid a depressed diamond market.

Thrive Tribe Technologies has strengthened its cash position through multiple capital raises and appointed Jade Spooner as its new CEO, while its Slik investment achieved profitability in Q4 2024.

Trinex Minerals corrects its quarterly report and reveals promising exploration progress at the Dudley Lithium Project, while managing a lean cash position and leadership changes.

Aeris Resources has secured a six-month renewal of its ANZ contingent instrument facility, providing a crucial runway as it progresses refinancing and develops key growth projects.

Redstone Resources is gearing up for a pivotal drilling campaign at its 100%-owned West Musgrave Copper Project in Western Australia, backed by a $220,000 government grant and strong historical copper grades.

RareX Limited's December 2024 Quarterly Report reveals significant progress in its Khaleesi Niobium and Mt Mansbridge Heavy Rare Earth projects, setting the stage for targeted drilling campaigns in 2025. The company also highlights strategic business development and sustainability initiatives.

Forrestania Resources has reported significant gold exploration progress with successful maiden drilling at Ada Ann prospect confirming open mineralisation over 225m, alongside acquiring a key tenement at Bonnie Vale to bolster its strategic position.

Arizona Lithium Limited has secured $11 million through a strategic land sale, cleared Pad #3 for lithium production, and completed key drilling activities, while a court injunction temporarily halts exploration at its Big Sandy project.

Resources & Energy Group Limited (REZ) has resumed trial gold mining at its East Menzies Gold Project, focusing on the Maranoa deposit with a vat leach method. The company anticipates its first gold pour on February 1, 2025, marking a pivotal step toward sustained production.

MC Mining Limited reported a 26% drop in coal production and sales in Q2 FY2025, while advancing development at its flagship Makhado steelmaking coal project. The company also secured merger clearance and extended loan repayment terms, signaling a complex operational and financial landscape.

Australian Oil Company Limited (AOK) reports significant progress in its California pipeline acquisition and appoints Chris Hodge as Non-Executive Chairman, signaling a strategic push into US gas exploration.