Latest Due Diligence News

First Au Limited has entered a binding term sheet to progressively acquire full ownership of the Nimba Gold Project in Liberia, backed by a planned A$1 million equity raise to fund exploration. The project’s proximity to a major West African gold mine and promising drill results position FAU for a strategic expansion into a stable, mining-friendly jurisdiction.

Power Minerals Limited has entered a strategic partnership with Brazilian miner EDEM to advance the high-grade Santa Anna Niobium Carbonatite Project in Goiás, Brazil, aiming to accelerate exploration and development through shared expertise and cost efficiencies.

UVRE Limited is set to acquire New Zealand gold explorer Otagold Limited, issuing 75 million shares as consideration and raising $4 million to fund exploration. The move significantly broadens UVRE’s exposure to high-potential gold projects in a tier 1 mining jurisdiction.

Uvre Limited is set to acquire New Zealand gold explorer Otagold, backed by a $4 million equity raise and the appointment of mining veterans Norman Seckold and Peter Nightingale to its board.

Alvo Minerals has voluntarily suspended trading of its shares on the ASX as it finalizes an Entitlement Offer and prepares to announce progress on the Lavra Velha Project acquisition.

Matrix Composites & Engineering has received a preliminary, non-binding proposal from Advanced Innergy Solutions for a reverse merger, prompting careful review by its board amid uncertainty.

Future Battery Minerals has acquired 100% ownership of the Miriam Project, consolidating all mineral rights and extinguishing royalties, paving the way for a focused gold exploration campaign starting July 2025.

AuKing Mining and Orion Resources have signed a non-binding $8 million financing term sheet with US lender Nebari to advance the Cloncurry Gold Project acquisition and development.

Midas Minerals has secured an option to acquire up to 80% of a highly prospective Exclusive Prospecting Licence near its Otavi Project in Namibia, targeting significant historic gold and copper anomalies.

Askari Metals offers holders of expired AS2O options a priority issue of new options, while advancing due diligence on a promising Ethiopian gold project.

Sipa Resources has initiated heritage surveys and lodged environmental approvals, setting the stage for its first gold drilling campaign in South Australia’s Gawler Craton.

Webjet’s board has unanimously dismissed BGH’s unsolicited acquisition offer, citing undervaluation and significant uncertainties. The company remains open to proposals that better serve shareholder interests.