Merger and acquisition (M&A) news frequented across mining companies listed on the Australian Securities Exchange (ASX) last week ending 31 October, including Strata Minerals (ASX:SMX), which has exercised its option to acquire the Zelica Gold Project.
Located in the Eastern Goldfields region of Western Australia, the project is prospective for gold mineralisation along a 1km strike, which the company intends to follow up with drilling.
With a program of works already submitted for Q4 2025 drilling, Strata is working with the vendor to finalise settlement deliverables. The acquisition is expected to be complete within the week.
Historical intercepts at the project, untouched for more than 10 years, include 9m @ 8.8 grams per tonne gold from 27m; 5m @ 5.87g/t gold from 10m; and 3m @ 5g/t gold from 29m.
The company believes Zelica hosts potential for unexplored parallel mineralised structures, which Managing Director Peter Woods says the company intends to follow up on swiftly.
“Zelica is situated on a granted mining licence and given record gold prices and the success of peer companies generating significant cash flow from smaller scale deposits in Western Australia, a priority for Strata is to determine the potential for near term gold extraction opportunities,” Woods says.
The project comprises three tenements over an area of 2.4km2.
Temas Resources (ASX:TIO) has acquired the remaining 50% of its shares in ORF Technologies, completing its option agreement that was shared with the market on 10 July 2025.
The acquisition provides Temas with ownership over a series of polymetallic metallurgical processing patents, referred to as Regenerative Chloride Leach processing technology.
COO David Caldwell says the technology will assist with development stages of its North American titanium dioxide assets as well as expanding its international presence in ore processing and metal refining.
“The acquisition of remaining ORF induced polarisation assets will mark a transformative moment for our company,” Caldwell says.
“With 100% control, we can unlock its full potential and drive innovation, growth, and value for our shareholders.”
Caldwell says the company is actively seeking international partnerships, licensing agreements and joint ventures opportunities.
“We plan on developing, expanding and commercialising the company’s intellectual property portfolio over the foreseeable future,” he adds.
Admirable antimony acquisitions
Resolution Minerals (ASX:RML) has entered a binding sale agreement to acquire Canadian entity Remington Capital for the option to acquire the Johnson Creek Tungsten and Antimony Mill and Antimony Camp properties.
The company will reimburse the option deposit sum of US$50,000 ($76,267) to Remington, as well as paying US$1.25 million to the owner of the properties and issue 70 million shares to Remington after exercising the option.
Resolution will also issue 35 million options and issue one free attaching option per every two shares acquired in this transaction. Options hold an exercise price of $0.10 and will expire on 30 November 2029.
Resolution Senior Strategic Adviser Brett Lynch says this acquisition marks a pivotal point for Resolution to become a leader in the antimony and tungsten market.
“Horse Heaven is a unique deposit as it has demonstrated strong evidence of three valuable commodities present on site – antimony, tungsten and gold,” Lynch says.
“This move toward production status catapults Resolution into pole position when approaching the US Government for permitting funding and offtake negotiations.”
Pantera Lithium (ASX:PFE) has acquired multiple exploration licences in southwest Arkansas for a total cost of $188,000.
The acquired tenements total a 5,000 acre area, comprising the Gilham West and Gilham East projects, which are prospective for antimony and silver.
The company intends to begin sampling and geochemical campaigns imminently to define drill targets.
CEO Barnaby Egerton-Warburton says the acquisition is an important step for the company as it moves into the US critical minerals space.
“Pantera’s track record in Arkansas, established through our lithium initiatives in the Smackover formation, has been a key factor in securing these agreements,” Egerton-Warburton says.
“It demonstrates that we can work constructively with stakeholders and position the company in opportunities that align with the global demand for critical minerals.”
Write to Maddison Elliott at Mining.com.au
Images: Resolution Minerals & iStock
