Latest Exploration Funding News

Zenith Minerals has finalised the sale of its 20% stake in the Kavaklitepe gold project in Turkey, securing approximately A$820,000. The company plans to reinvest these proceeds to accelerate exploration at key Australian gold and copper-gold projects.

Altair Minerals has entered a binding agreement to acquire up to 70% of the Greater Oko Project in Guyana, positioning itself as a leading gold explorer in a rapidly emerging district adjacent to major discoveries.

Lincoln Minerals Limited has announced a pro-rata renounceable entitlement issue to raise approximately $1.5 million, partially underwritten by Mahe Capital Pty Ltd, to fund exploration across multiple projects including copper, uranium, graphite, and magnetite.

Macro Metals Limited has successfully raised A$2 million through a share placement, positioning itself to accelerate exploration and expand its mining services operations.

Koonenberry Gold has expanded the mineralised zone at its Enmore Gold Project in NSW to approximately 260 metres strike, revealing promising bulk tonnage and high-grade gold potential. The company is set to launch a fully funded +10,000-metre Phase II drilling campaign in late August to explore extensions and new targets along a 2km prospective corridor.

Redcastle Resources has unveiled a positive Scoping Study for its Queen Alexandra gold project, highlighting a high-return open pit operation with near-term production potential and robust economics at current gold prices.

Lithium Energy Limited has made significant strides in its Capricorn Gold-Copper Belt and White Plains Lithium Brine projects, secured government funding, and received a major tranche payment from the Solaroz sale, while shelving its graphite IPO plans amid market challenges.

Litchfield Minerals has confirmed a large copper-zinc system and uncovered a new gold-bismuth mineralisation style at its Northern Territory Oonagalabi Project, supported by government grants and ongoing exploration.

Asra Minerals has completed a major drilling campaign at its Leonora South Gold Project and secured $3 million in fresh capital to fast-track exploration, alongside key leadership appointments and strategic asset realignments.

High Peak Royalties Limited reported stable royalty receipts of A$345,240 for the June 2025 quarter, maintaining cash flow while advancing monitoring of key gas and geothermal assets across Australia and the US.

Metal Bank Limited reported a net cash outflow in its June 2025 quarter but secured financing and is actively exploring strategic options to sustain its operations.

Caprice Resources has reported multiple high-grade gold intercepts from its Phase 3 drilling at the Island Gold Project, alongside securing $7 million in funding and appointing a new Non-Executive Chair to accelerate exploration.