Latest Exploration And Development News

EV Resources has appointed Miguel Barahona as President of its Mexican subsidiary to lead the restart of the Los Lirios open pit antimony mine, signalling a strategic push to advance its operations in Oaxaca.

Future Metals NL has successfully closed a fully underwritten entitlement offer, raising approximately A$2.64 million and expanding its shareholder base with Zeta Resources increasing its stake to nearly 10%.

Odyssey Gold Commitments Limited has secured $4 million through a share placement to accelerate drilling and development at its Tuckanarra Gold Project, aiming to unlock near-term production potential.

Terrain Minerals Limited has successfully closed a $850,000 non-renounceable rights issue, with full participation from its board and options attached to new shares. The company retains discretion to place remaining shortfall shares within three months.

Australian Silica Quartz Group's flagship Quartz Hill MGSi Project faces a setback after Quinbrook Infrastructure Partners terminates their development and offtake agreement. ASQ pivots to explore other high-grade quartz targets in Queensland.

Red Hill Minerals has completed the acquisition of a 2% gross revenue royalty on Brightstar Resources’ Sandstone Gold Project, coinciding with promising high-grade drilling results that underscore the project’s potential.

The Australian Taxation Office has issued a binding ruling clarifying the tax treatment for De Grey Mining shareholders following Northern Star Resources’ acquisition. The ruling confirms capital gains tax deferral options for eligible investors.

Cauldron Energy has wrapped up its fully underwritten entitlement offer, raising nearly $1.95 million, with its major shareholder stepping in to cover a $557,000 shortfall.

Carbine Resources has successfully raised $1.78 million through a pro-rata entitlement offer and shortfall placement, setting the stage for further shareholder approval in August.

Karoon Energy has successfully acquired 100% interests in six offshore blocks in Brazil’s Santos Basin, reinforcing its strategic position and increasing its 2025 capital expenditure guidance to US$120-140 million.

Blaze Minerals has inked a binding deal to acquire a major interest in the Loulombo Base Metals Project in the Republic of Congo, backed by a $2.52 million capital raise to fund exploration and development.

Turaco Gold has raised A$60 million through a strongly supported placement, positioning the company to fast-track growth and exploration at its flagship Afema gold project.