Latest Due Diligence News

Neometals has signed a non-binding Letter of Intent with BML Ventures to jointly develop the Ironclad Gold Deposit, aiming for early production through a funded open-cut mining operation with profit sharing.

Kingfisher Mining has completed its strategic acquisition of a diverse NSW copper-gold-silver-lead-zinc portfolio and is mobilizing drilling at the Copper Blow project in Broken Hill.

Australian Oil Company Limited has signed binding agreements to acquire strategic oil and gas assets in Queensland's Surat Basin, positioning itself for production growth and exploration opportunities.

Orion Minerals has responded to an ASX price query following a recent uptick in its share price, confirming no undisclosed material information exists while highlighting ongoing financing talks with Glencore.

Forrestania Resources has secured 100% mineral rights to three key tenements in Western Australia's Eastern Goldfields, expanding its gold asset base and supporting near-term production ambitions at Lake Johnston.

Tempest Minerals has signed a binding option agreement with Green Steel and Iron to develop a green steel facility in Western Australia, integrating its Remorse magnetite project into a low-emission steelmaking venture.

Patriot Resources has agreed to acquire 100% of the Tassa Silver Gold Deposit in Peru, backed by strong drill results and milestone-based share payments. The acquisition complements its growing portfolio of battery and critical minerals projects.

Pilot Energy is progressing its farmout process for the WA-481-P offshore gas project, eyeing early drilling at the Leander Gas Prospect before a delayed 3D seismic survey. The company targets first gas production by 2030 leveraging existing infrastructure.

EQ Resources Limited has locked in a €15 million three-year prepayment facility with Traxys Europe S.A., coupled with a five-year offtake agreement for tungsten concentrate from its Spanish mine, strengthening its financial footing and market position.

Asara Resources has agreed to acquire two adjacent gold exploration permits in Guinea, significantly enlarging its Kada Gold Project footprint in the prolific Siguiri Basin. Historical drilling by Newmont highlights promising gold mineralisation, setting the stage for renewed exploration.

Summit Minerals has agreed to acquire the historic Keystone Mine in Nevada, a polymetallic project boasting impressive historic grades of silver, gold, and tungsten. The acquisition positions Summit to tap into a prolific US mining district with significant critical metals potential.

Anax Metals has completed a $2.4 million strategic placement with mining group Gold Valley at a 37.5% premium, while securing a $3.5 million loan to repay convertible notes, positioning the Whim Creek copper project for near-term development.