Justin Fris

Gina Rinehart-backed Arafura Rare Earths has appointed Stuart MacNaughton as its chief operating officer, as the company aims to add further value to its flagship Nolans project in the Northern Territory.

Shares in mining exploration company Solstice Minerals rose by 50 per cent on Tuesday, following news it will divest an 80 per cent stake in its Hobbes exploration licence to Northern Star Resources.

Shares in South Perth-based Metals X rose by 6 per cent on Tuesday, following news that the company recorded a net profit after tax of $14.59 million for its 2023 full-year.

Gold producers Silver Lake Resources and Red 5 Resources have continued to deliver ahead of their likely merger in June, with both mid-tier companies performing strongly throughout the March 2024 quarter.

Westgold Resources has announced it will merge with Toronto-listed Karora Resources, resulting in a market capitalisation value of approximately $2.2 billion.

Encounter Resources has announced it will raise $10.5 million in a bid to enhance drilling activities at its Aileron project, in Western Australia's West Arunta region.

Perth-based lithium explorer Winsome Resources has signed a binding, exclusive option agreement with Canada-based Stornoway Diamonds, as it aims to increase its footprint within the Canadian province of Quebec.

Rio Tinto has announced it will manage rehabilitation of the Ranger uranium mine in the Northern Territory on behalf of subsidiary Energy Resources Australia, which counts Perth-based company Packer & Co as a 9.32 per cent minority shareholder.

Resonance Health has acquired TrialsWest in a consideration package worth up to $8 million.