Latest Exploration Projects News

PolarX Limited has completed a $5.09 million share placement, issuing over 339 million shares at 1.5 cents each under its ASX Listing Rule 7.1 capacity. The move strengthens the company’s capital base without the need for a formal disclosure document.

Summit Minerals announces a $1.67 million capital raise through a Placement and a fully underwritten Rights Issue, aiming to accelerate exploration in Brazil and pursue new project opportunities.

Cobalt Blue Holdings has raised $2.5 million through a $1 million institutional placement and a $1.5 million placement agreement with Lind Global Fund III, aiming to advance its cobalt refinery and exploration projects.

Forrestania Resources has signed a binding agreement to acquire the Burracoppin Gold Project from Askari Metals, adding a significant JORC resource near a major WA gold mine. The deal includes cash, shares, and options, linking Forrestania to promising African exploration assets.

Askari Metals has agreed to sell its Australian gold assets to Forrestania Resources for A$700,000, enabling a strategic pivot towards its promising African exploration projects.

Adavale Resources has launched an offer of over 82 million new options following recent placements that raised approximately $3.1 million. These options, exercisable at $0.035 each, aim to reward investors, directors, and the lead manager while potentially raising further capital.

Rapid Critical Metals has agreed to sell its Ingersoll project and completed the sale of Tin Mountain, both in South Dakota, to Iris Metals, receiving a mix of shares and cash payments.

High-Tech Metals Limited has appointed James Merrillees as CEO to spearhead exploration and production at its Mt Fisher and Mt Eureka gold projects, aiming to unlock significant value in Western Australia’s Northern Goldfields.

Cullen Resources Limited has completed the sale of its Wyloo iron ore royalty to Vox Royalty Corp for A$1.5 million in cash, while retaining a future payment right tied to mining commencement.

Rubix Resources has entered a non-binding agreement to acquire bauxite exploration projects in Cameroon and Congo, with a structured payment plan including cash, shares, and performance rights tied to resource milestones.

iTech Minerals has announced a $2 million equity raise, including a $1 million Share Purchase Plan offering shares at a 14.2% discount to fund key mineral exploration projects and working capital.

Conico Limited has had its ASX trading suspension lifted immediately following an announcement detailing its capital raising and exploration plans, signaling renewed investor interest.