Latest Deals

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Australia’s Labyrinth Resources has finalised the sale of its Labyrinth and Denain gold projects in the Abitibi region of Quebec, Canada, for a cash consideration of A$5.23m ($3.5m). 

The move is part of the company’s exploration and development of its Comet Vale tenement package in Western Australia. 

The Canadian assets were acquired by Labyrinth in September 2021 as part of a project acquisition agreement with G.E.T.T. Gold.

Australia’s Omnia Metals Group has agreed to acquire 100% of the issued capital in Canadian exploration company Dixie Gold. The move is expected to significantly expand Omnia’s portfolio of lithium, gold and uranium projects across Canada. The acquisition includes several key projects including the Phoenix Lithium Project in the Northwest Territories, the Torp Lake Lithium Project in Nunavut, the Red Lake Gold Project in Ontario and the Isko Gold Project in Quebec.

DY6 Metals, an Australia-based company, has reached an exclusive option deal to acquire an 80% stake in the Karonga Lithium Project in Malawi. The project, located in northern Malawi, spans 39km² and is adjacent to DY6 Metals’ recent licence application in the same region. Combined, the two licences cover an area of 75km². For this acquisition, DY6 Metals signed a binding term sheet with Afro Gifts Mining and made a non-refundable cash payment of A$25,000.

Anglo-Australian mining giant Rio Tinto is poised to commence a $20bn mining project in West Africa’s Simandou mountains following a delay of nearly 27 years, the Financial Times reported. The project, which encompasses iron ore extraction, rail and port development in south-eastern Guinea, is touted as one of the world’s most significant mining ventures. The company envisions the Guinea iron ore, rail and port plan to herald a ‘new era’ of mining.