Latest Joint Ventures News

Koonenberry Gold is set to embark on an aggressive 10,000-metre drilling campaign at its Enmore Gold Project in northeast NSW, aiming to expand promising high-grade gold mineralisation and explore new targets along the Sunnyside Shear Zone.

3D Energi has raised $9.4 million to fund the drilling of its Essington-1 well in the Otway Basin, with Korea National Oil Corporation acquiring a 29% stake in the joint venture alongside ConocoPhillips. Drilling is set to commence in late October 2025.

Morella Corporation reports hydrometallurgical testwork by Edith Cowan University achieving up to 89% rubidium extraction from Mt Edon samples, validating the project’s technical potential and setting the stage for further optimisation and economic evaluation.

Patronus Resources has confirmed significant gold mineralisation at its Guppy prospect within the Cardinia Gold Project, with follow-up drilling planned in early 2026 to explore its full potential.

Legacy Minerals has partnered with Rio Tinto in a farm-in deal that could see up to $25 million invested in exploring the vast Thomson Project in NSW for intrusion-related copper and gold deposits.

Blue Star Helium has signed a key lease agreement with Kinder Morgan for CO2 processing equipment, advancing its Galactica Stage 1 project toward first helium and CO2 production by December 2025.

Great Divide Mining’s joint venture partner Dart Mining reports record high-grade surface samples at the Coonambula project, prompting accelerated drilling plans to define a significant antimony-gold resource.

DeSoto Resources has raised A$14 million in a strongly supported placement to fund its maiden drilling program in Guinea’s prolific Siguiri Basin, backed by a notable cornerstone investor and institutional interest.

Triangle Energy (Global) Limited has been awarded a 100% interest in the SC-82 onshore exploration contract in the Philippines’ Cagayan Basin, unlocking a large prospective gas area near existing infrastructure.

Triangle Energy and its joint venture partners have been awarded two offshore service contracts in the underexplored Sandakan Basin, Philippines, holding significant contingent gas and condensate resources. These contracts mark a strategic expansion into a promising region with multi-TCF exploration upside.

Dart Mining reports outstanding surface rock chip sampling results from its Coonambula project in Queensland, revealing high-grade antimony, gold, and silver assays that underscore the site's exploration potential.

Moab Minerals is set to acquire full ownership of Imbas Mining, unlocking rights to earn up to 80% of the Sasare Gold and Copper Project in Zambia, a site with notable historic gold production and promising copper targets. The acquisition paves the way for an initial exploration campaign targeting both gold and copper mineralisation.