Latest Exploration Funding News

Noronex Limited has received a non-refundable $200,000 option fee from Joint Era Mining, moving forward the $4.5 million sale of its Witvlei Project in Namibia and setting a three-month exclusivity period for due diligence.

Rox Resources has opened a $10 million Share Purchase Plan at a 19.9% discount, inviting eligible shareholders to invest in the development of its Youanmi Gold Project. The offer runs through mid-December, aiming to bolster exploration and working capital.

Alvo Minerals Limited has issued a small, invitation-only share offer to remove trading restrictions on recently issued shares, while highlighting ongoing funding and operational risks tied to its Brazilian copper-zinc projects.

Culpeo Minerals has raised $3 million through a placement to fund maiden drilling at its Vista Montana copper prospect and follow-up work at Lana Corina in Chile, aiming to advance its promising copper exploration projects.

Peel Mining’s recent drilling at the Nombinnie gold prospect in NSW reveals promising shallow gold mineralisation, while the company also secures significant NSW Government grants to boost its critical minerals exploration.

Greenvale Energy has partnered with Sunrise Energy Metals’ subsidiary SRL Hot Rocks to advance the Millungera Basin geothermal project through a $5 million Farm-in agreement, unlocking significant clean energy potential in north-west Queensland.

White Energy Company Limited has launched a 5-for-12 partially underwritten entitlement offer at $0.027 per share, aiming to raise approximately $3.5 million to fund mineral exploration and corporate needs. Major shareholders and directors have committed to participate, while the offer excludes ineligible shareholders and related parties.

Tartana Minerals partners with Alt Resources in a $2 million joint venture to accelerate exploration of critical metals in Far North Queensland, focusing on tin, tungsten, and rare earth elements.

Koonenberry Gold’s latest drilling at the Enmore Gold Project reveals visible gold in the first two Phase II holes, extending the mineralised system to 425 metres vertically. The discovery highlights ongoing potential with assays pending and further drilling underway.

Kincora Copper has begun its inaugural basement drilling at the Wongarbon porphyry project, targeting a major gold-copper system supported by NSW government funding and cutting-edge AI technology.

Charger Metals has launched a fresh reverse circulation drilling campaign at its Lake Johnston project, targeting overlooked gold and lithium zones with backing from Rio Tinto Exploration. Historic gold intercepts at the Richard Gold Prospect are now being revisited after a decade-long hiatus.

Caravel Minerals has signed a non-binding MOU with Adani’s Kutch Copper to jointly advance the Caravel Copper Project toward a 2026 Final Investment Decision, exploring funding and offtake agreements.