Latest Exploration And Development News

Astute Metals NL has successfully completed the first tranche of its capital raising, issuing over 92 million shares and securing $1.39 million before costs. The company is preparing to close a second tranche involving key directors and sophisticated investors.

Pinnacle Minerals Limited has launched a new options prospectus offering nearly 40 million options, potentially raising $3.18 million if exercised. The options carry an exercise price of $0.08 and expire in 2028, aiming to reward shareholders and fulfill placement obligations.

Solstice Minerals has identified promising new geophysical targets at its Nanadie Copper-Gold Project, setting the stage for a maiden drilling campaign aimed at expanding its existing resource.

Lodestar Minerals has launched a revised loyalty options offer, increasing the allocation ratio to one option per twenty shares, aiming to reward shareholders and potentially raise capital.

Forrestania Resources has expanded its exploration footprint near Coolgardie by acquiring three new mineral license applications, enhancing its position around the Ada Ann gold project. The company is advancing its maiden Mineral Resource Estimate amid promising geological prospects.

Critical Resources Limited has executed binding agreements to acquire a strategic gold-antimony portfolio in New Zealand’s Otago and Reefton regions, including the drill-ready Cap Burn project near OceanaGold’s Macraes mine. This low-cost entry into a Tier-1 jurisdiction offers promising exploration upside supported by recent geological analogues and regulatory reforms.

Enova Mining is set to begin maiden diamond drilling at its East Salinas Project in Brazil, targeting promising high-grade rare earth element mineralisation. The campaign aims to test depth continuity along a 4km strike with results expected to shape the project's future.

Barton Gold Holdings has secured new exploration tenements for its Wudinna Gold Project, marking a pioneering M&A deal under South Australia’s updated mining regulations. This milestone strengthens Barton’s foothold in the region and sets a fresh precedent for future mining investments.

Great Boulder Resources has reported significant high-grade gold intersections extending the Ironbark deposit 180 metres south, with assays up to 39.5g/t Au, suggesting a substantial resource expansion potential.

Black Cat Syndicate has awarded the Fingals open pit mining contract to Mineral Mining Services, initiating mobilisation and targeting an initial 120,000 ounces of gold production at its Kal East operation.

PVW Resources has agreed to sell its Leonora Project in Western Australia for A$500,000, redirecting capital towards its promising Brazilian rare earth and gold assets.

Ballymore Resources has raised $4.5 million through a well-supported placement to accelerate exploration and development across its North Queensland projects, including the promising Dittmer gold deposit.