Latest Exploration And Development News

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Resouro Strategic Metals Inc. posted a $5.28 million net loss for the nine months ended December 31, 2024, reflecting increased exploration and administrative expenses as it advances its Tiros Titanium and Rare Earth Elements Project. The company bolstered its balance sheet with a successful ASX dual listing and private placements but faces ongoing challenges to sustain operations.
Maxwell Dee
Maxwell Dee
11 Feb 2025
Zenith Minerals has secured Program of Work approval to launch a new drilling campaign at its Dulcie Far North gold project, following a 40% resource increase. The company is also advancing development studies and exploring multiple new regional gold targets.
Maxwell Dee
Maxwell Dee
10 Feb 2025
Lodestar Minerals has increased its capital raising placement by $22,500, bringing the total to $542,500, subject to shareholder approval at an upcoming meeting.
Maxwell Dee
Maxwell Dee
10 Feb 2025
Mt Malcolm Mines NL has completed bulk sampling at its Golden Crown Prospect, recovering 218 ounces of gold doré from high-grade material and generating over AUD$835,000 in revenue. The company is now advancing resource estimations and planning future mining strategies.
Maxwell Dee
Maxwell Dee
10 Feb 2025
Scorpion Minerals Limited has voluntarily suspended trading of its shares as it finalises a capital raising and a potential joint venture agreement, signaling significant corporate developments ahead.
Maxwell Dee
Maxwell Dee
10 Feb 2025
Patronus Resources has initiated an on-market takeover offer for Matsa Resources at $0.045 per share, representing a significant premium and aiming to consolidate its position in gold exploration.
Maxwell Dee
Maxwell Dee
10 Feb 2025
Coolabah Metals Limited is undertaking a $3-4 million capital raise to fund the acquisition of Broken Hill Mines Pty Ltd and its subsidiary, aiming to re-list on the ASX and focus on developing the Rasp and Pinnacles Mines.
Maxwell Dee
Maxwell Dee
10 Feb 2025
Summit Minerals appoints Dr. Matthew Cobb as CEO to accelerate development of its Equador Niobium and Rare Earth Elements Project in Brazil, while reshuffling leadership to bolster operational focus.
Maxwell Dee
Maxwell Dee
10 Feb 2025
Kalgoorlie Gold Mining has announced a significant new gold discovery named 'Lighthorse' at its Pinjin project, revealing thick, high-grade intercepts that promise to reshape its growth trajectory in the Eastern Goldfields. A follow-up drilling campaign is set for March 2025 to further delineate this expansive mineralised system.
Maxwell Dee
Maxwell Dee
7 Feb 2025
Adelong Gold Limited has raised $1.173 million through a placement to fund exploration and development at its NSW gold project and lithium ventures in Brazil. The capital raise, including free attaching options, signals investor confidence as the company advances towards production.
Maxwell Dee
Maxwell Dee
7 Feb 2025
Lightning Minerals has appointed Energold Drilling S.A. to commence a 2,000m diamond drilling program at its Esperança lithium project in Brazil, targeting spodumene-bearing pegmatites identified late last year.
Maxwell Dee
Maxwell Dee
6 Feb 2025
Carnaby Resources has completed the settlement of Tranche 2 of its recent share placement, issuing 13.5 million new shares to raise approximately $4.2 million, including participation from its board members.
Maxwell Dee
Maxwell Dee
6 Feb 2025