Latest Exploration Funding News

Noronex Limited has secured a significant earn-in agreement with South32, enabling a A$5 million exploration program at the Cgae Cgae Copper Project in Botswana. This deal expands their strategic alliance and sets the stage for extensive drilling activity in the Kalahari Copper Belt.

Latitude 66 has completed the sale of its 17.5% stake in the Greater Duchess Joint Venture to Carnaby Resources for A$6 million, eliminating debt and boosting funds for exploration.

Wildcat Resources has dismissed reports of selling half its Tabba Tabba Project, confirming instead that it is exploring multiple funding avenues to advance the project.

Kuniko Limited has launched fieldwork at its Commonwealth Gold-Silver Project in New South Wales, targeting significant precious metals within the prolific Lachlan Fold Belt. The company aims to validate historical resource estimates and advance exploration alongside its battery metals ventures in Europe.

Loyal Metals has launched AI-enhanced drilling at its Highway Reward Copper-Gold Mine, leveraging cutting-edge technology to target high-grade mineralisation and accelerate exploration.

Canterbury Resources is on the cusp of completing a pivotal scoping study for its Briggs Copper Project, while deep drilling advances to unlock higher-grade mineralisation. The company also moves forward with new exploration initiatives and a share purchase plan to bolster funding.

3D Energi has raised $9.4 million to fund the drilling of its Essington-1 well in the Otway Basin, with Korea National Oil Corporation acquiring a 29% stake in the joint venture alongside ConocoPhillips. Drilling is set to commence in late October 2025.

Legacy Minerals has partnered with Rio Tinto in a farm-in deal that could see up to $25 million invested in exploring the vast Thomson Project in NSW for intrusion-related copper and gold deposits.

Western Mines Group has been awarded a $180,000 government grant to fund further drilling at its Mulga Tank nickel project, targeting a promising komatiite mineral system. This funding supports the company’s ongoing exploration efforts to delineate a significant nickel sulphide deposit in Western Australia.

Sarama Resources has completed the second tranche of its A$2.6 million equity placement, issuing new options to fund exploration at its Cosmo Gold Project and support arbitration efforts.

Xenora Minerals has successfully raised $2.1 million through a two-tranche placement to fund ongoing exploration at its Dudley Lithium Project in South Australia, positioning the company with a strong cash balance heading into the final quarter of 2025.

Kalgoorlie Gold Mining has secured $2.3 million through strong option exercises, boosting its cash reserves to $5 million and enabling an expanded drilling campaign at its Pinjin Gold Project.