Latest Exploration News

Magnum Mining and Exploration Limited reported a net cash outflow of $87.68k for Q4 2024, ending the quarter with $332.81k in cash and a substantial $11 million in unused financing facilities.

Corazon Mining Limited posted a $755,000 net cash outflow for the December 2024 quarter, ending with $1.13 million in cash. The company plans to continue exploration at a reduced expenditure level while monitoring its funding position closely.

Rey Resources Limited reported a cautious quarterly cash flow with $276,000 in cash and ongoing strategic moves in its oil and gas exploration portfolio, including the surrender of EP458 and preparations for a key 3D seismic survey on EP487.

Basin Energy Limited's latest quarterly cash flow report reveals a $463,000 net cash outflow from operations and a tightening cash position, driven by sustained exploration and evaluation expenditures.

Miramar Resources Limited (ASX: M2R) has been suspended from ASX quotation following a trading halt due to an undisclosed market-sensitive announcement. The suspension aims to prevent disorderly trading until clarity is provided.

Sky Metals Limited reported its December 2024 quarterly cash flow, revealing ongoing exploration expenditures alongside a robust cash position of A$6.375 million.

Avira Resources reports significant progress in its Swedish Puolalaki Project with ongoing farm-out talks and secures a new tenement in Western Australia’s Tangadee Project, while preparing a capital raise to fund exploration.

Charger Metals NL's December quarter cash flow report reveals a $800,000 net cash decrease, driven by sustained exploration spending and limited operating receipts, leaving the company with $2.49 million in cash.

ioneer Ltd’s December 2024 quarterly cash flow report reveals ongoing cash outflows from operations and investing, with nearly $4.5 million spent this quarter but a solid cash reserve providing a runway of almost five quarters.

Galileo Mining Ltd’s latest quarterly cash flow report reveals a $706,000 net cash decrease amid ongoing exploration spending, while maintaining a strong cash position of $11.3 million.

Latitude 66 Ltd posted a $1.75 million net cash outflow for the December quarter, ending with $2.18 million in cash reserves. The company anticipates lower costs ahead and intends to sell shares valued at around $850,000 to fund ongoing activities.

Mont Royal Resources Limited reported a stable cash position of $1.75 million at the end of December 2024, despite significant outflows on exploration activities during the quarter.