Latest Exploration Activities News

Lightning Minerals Ltd has resumed trading on the ASX following its announcement of a proposed acquisition and capital raising, signaling renewed investor interest.

Lightning Minerals has inked a binding deal to acquire Lotus Minerals, gaining advanced gold and copper projects in Queensland and New South Wales, with drilling set to commence within eight weeks. This strategic move diversifies its portfolio and taps into buoyant commodity markets.

Centaurus Metals has announced a maiden iron ore Exploration Target of 520-780 million tonnes grading 30-35% Fe at its Boi Novo Project in Brazil, alongside promising metallurgical testwork indicating high-grade concentrate potential.

Burley Minerals reports encouraging assay results from its maiden drilling at the Cane Bore South Target, confirming surface and near-surface iron mineralisation with high-grade intercepts. The company plans further exploration at larger adjoining targets in the Pilbara region.

Copper Search Limited has successfully raised approximately $275,175 through a non-renounceable entitlement offer, issuing over 16 million new shares and accompanying options. Additional placements and broker options are pending shareholder approval, setting the stage for potential capital expansion.

Lodestar Minerals announces a $2.2 million two-tranche capital raising to advance its Chile exploration projects and evaluate new opportunities, signaling renewed investor confidence.

Battery Age Minerals has secured its first drilling permit for the Bleiberg Zinc-Germanium Project in Austria, setting the stage for exploration at one of Europe’s richest germanium sources amid tightening global supply.

Lord Resources has completed its entitlement offer, raising $568,925 with a 40.82% take-up rate, leaving a significant shortfall of 45.8 million shares. The company plans to allocate the remaining shares to interested parties as it advances exploration at its Ilgarari Copper Project.

Alvo Minerals has successfully closed its retail entitlement offer, raising $810,985 and bringing total proceeds from its recent capital raise to $1.56 million. The funds will support ongoing exploration at its Palma Cu/Zn Project and other mineral ventures in Brazil.

Uvre Limited reports standout rock chip assays up to 18.4g/t gold from its pending acquisition of Otagold Ltd, setting the stage for a maiden drilling campaign at the Waitekauri project near OceanaGold’s Waihi mine.

Iltani Resources has successfully closed a Share Purchase Plan raising $965,000 and secured an additional $200,000 via a private placement, bringing total recent capital raised to nearly $3 million. These funds will fuel exploration at its promising Orient Silver-Indium Project and other ventures.

First Au Limited has cleared key legal and operational hurdles in its 100% earn-in acquisition of the Nimba Gold Project in Liberia, setting the stage for initial drilling ahead of its July AGM.