Latest Exploration Activity News

Corella Resources has capitalised on strong demand following its recent rights issue by placing an additional 68 million shares and options, boosting total funds raised to over $1 million.

Classic Minerals Limited has completed the sale of its Kat Gap tenements for A$7 million, using the proceeds to retire debt and accelerate exploration at its Lady Ada and Lady Magdalene gold projects within the Forrestania region.

High-Tech Metals Limited has raised $1.26 million through a share placement backed by a cornerstone investment from Ragnar Metals, which now gains board representation. This capital injection aims to accelerate exploration activities across HTM’s project portfolio.

Arika Resources has successfully raised $5 million through an oversubscribed share placement to fast-track drilling and exploration at its Yundamindra and Kookynie gold projects in Western Australia.

Red Mountain Mining has raised $400,000 through convertible notes to fund drilling at its Kiabye Gold Project in Western Australia and further exploration at the Armidale Antimony-Gold Project in New South Wales.

MetalsTech Limited has received the first tranche of a $3.3 million strategic investment to advance its Sturec Gold Project in Slovakia, underpinning a robust project outlook ahead of its Pre-Feasibility Study completion.

Siren Gold Limited announces the early resignation of Managing Director Victor Rajasooriar, with Chairman Brian Rodan stepping in as Interim Managing Director while a permanent replacement is sought.

VDM Group Limited faces suspension on the ASX due to a joint venture dispute in Angola, halting exploration activities. The company is pivoting towards new critical minerals projects in Australia to restore trading and investor confidence.

Elixir Energy has successfully closed its Share Purchase Plan, raising an additional $117,000 and bringing total capital raised to $7.1 million, supported by new shares and free attaching options.

Cazaly Resources has issued a replacement Appendix 5B for the March 2025 quarter to correct an administrative error, reaffirming a solid cash position with over six quarters of funding available.

Alvo Minerals has extended the closing date for its pro-rata entitlement offer to 13 May 2025, giving shareholders additional time to subscribe to new shares and options. This move aims to support the company’s ongoing exploration ambitions in Brazil’s base and rare earth metals sectors.

Dreadnought Resources has partnered with Teck Resources in a $15 million farm-in and joint venture to advance the Money Intrusion Ni-Cu-Co-PGE prospect at Mangaroon, WA. This deal brings a major global player into the project, accelerating exploration while preserving Dreadnought’s gold ambitions.