Latest Exploration News

FireFly Metals Ltd reported a reduced half-year loss of A$5.7 million for December 2024, bolstered by a significant increase in cash reserves and strategic asset acquisitions in Canada and Australia.

Bounty Oil & Gas, through its joint venture operator Asset Energy, has initiated a judicial review against the refusal to vary and extend the PEP-11 offshore petroleum exploration permit. The legal challenge could reshape the future of this key Sydney Basin asset.

IMDEX Limited has announced a fully franked ordinary dividend of AUD 0.015 per share, signaling steady shareholder returns for the half-year ending December 2024.

Gladiator Resources Limited reported a $703,000 net cash outflow for the December 2024 quarter, driven by exploration and evaluation expenses, yet maintains sufficient capital to fund operations into 2025.

Magnum Mining and Exploration Limited has launched a $1.9 million non-renounceable entitlement offer to fund its key projects, alongside significant board changes aimed at conserving cash.

DMC Mining Limited reported a $206,000 net cash outflow for Q4 2024, with a cash balance dwindling to $33,000. The company has secured a $525,000 loan and is actively pursuing additional funding to support its upcoming public offer and operational needs.

Dateline Resources Limited’s latest quarterly report reveals a sharp decline in cash reserves, underscoring the company’s urgent need to secure additional funding to sustain its exploration activities.

Admiralty Resources NL reported a $395,000 net cash outflow from operating activities in the December 2024 quarter, alongside a substantial $2.54 million investment in exploration. The company ended the period with $2.44 million in cash and $678,000 in unused financing facilities, highlighting ongoing funding challenges.

Eastern Metals Limited reports promising high-grade gold and copper mineralisation at its Cobar Project, NSW, alongside new geophysical drill targets identified at the Home of Bullion deposit in the Northern Territory.

Nagambie Resources Limited reported a tightening cash position in its December 2024 quarter but maintains confidence in ongoing operations backed by over $1 million in available funding.

Genmin Limited reported a $2.88 million cash outflow for the December quarter, leaving just 0.65 quarters of funding available as it awaits capital expenditure funding for its Baniaka project.

Dreadnought Resources reported a challenging quarter with significant exploration spending and a tight cash position, yet remains confident in its operational outlook and funding prospects.