Latest Exploration Projects News

Alkane Resources has met its FY2025 gold production guidance with 70,120 ounces from Tomingley, while significantly strengthening its cash and investment position.

Magnum Mining & Exploration Limited has successfully closed its recent capital raising, securing nearly $2.4 million through a combination of entitlement offer shortfall placement and an additional share placement.

Enterprise Metals Ltd is set to raise approximately $780,000 through a share placement aimed at advancing drilling activities across its key Western Australian projects.

Krakatoa Resources Limited has secured an additional $357,000 through a top-up placement, boosting its recent capital raise to $1.659 million. The company also provides a comprehensive update on its Zopkhito Project in Georgia, alongside an extensive review of associated risks.

Lodestar Minerals announces a $2.2 million two-tranche capital raising to advance its Chile exploration projects and evaluate new opportunities, signaling renewed investor confidence.

Champion Iron Limited has upsized its senior notes offering to US$500 million, pricing the debt at 7.875% interest to refinance existing credit facilities and support ongoing project development.

First Au Limited has completed the initial tranche of its $1.5 million private placement, issuing over 4 million shares, while the much larger second tranche awaits shareholder approval at the upcoming AGM.

Alkane Resources has moved forward with its planned merger with Mandalay Resources, scheduling shareholder meetings for late July to approve the deal that would create a diversified Australian-focused gold and antimony producer.

Tempest Minerals has completed its entitlement and shortfall offer, raising approximately $1.47 million to fund exploration projects in Western Australia.

Solis Minerals has voluntarily delisted from the TSX Venture Exchange to concentrate on its primary ASX listing, prompting changes to its ASX waivers and financial reporting calendar.

Augustus Minerals has secured a key position in the Mt Kare Gold Project by acquiring ACM Contract Mining PNG Ltd, positioning itself second-in-line for the exploration license in Papua New Guinea.

Savannah Goldfields has announced a new gold Exploration Target at its Phily’s Deposit within the Georgetown Project, adding to its growing portfolio of promising near-surface resources.