Latest Exploration Projects News

Barton Gold Holdings reported a $1.74 million net cash outflow from operations in Q4 2024, ending the quarter with $7.01 million in cash and equivalents. The company’s available financing facilities and cash runway suggest cautious optimism for sustaining exploration activities.

DevEx Resources reports significant progress in its uranium exploration projects at Nabarlek and Murphy West, with new tenement applications nearing grant and ongoing evaluation of high-grade drilling results.

Great Western Exploration Limited reported a $191,000 net cash outflow from operations in the December quarter but bolstered its cash reserves to $4.74 million through a $3.6 million capital raise, maintaining a solid financial footing for ongoing exploration.

Stavely Minerals has reported significant progress in its copper and nickel exploration projects, highlighting promising assay results and new structural insights that could unlock major resource expansions.

Neometals Ltd has bolstered its financial position with a A$7.1 million capital raise while progressing key projects including the commissioning of a lithium-ion battery recycling plant in Germany and preparing for maiden gold drilling at Barrambie.

Noble Helium Limited has postponed its western margin shallow drilling program due to adverse weather and restricted site access, aiming to resume once conditions improve.

Mount Gibson Iron reported a stronger December quarter with increased iron ore shipments and cashflow, while preparing for a potential accounting impairment due to recent price fluctuations.

NuEnergy Gas Limited reported a $279,000 net cash outflow from operations in Q4 2024, maintaining a solid cash balance of $4.89 million. The company continues to rely on loans and capital management to fund its coal bed methane exploration activities.

Latin Resources Limited will be suspended from ASX trading following court approval of its acquisition by Pilbara Minerals Limited, marking a significant consolidation in the Australian minerals sector.

Coppermoly Limited has raised $1.05 million through a share placement to fund its 2025 copper and gold exploration projects in Queensland’s Mt Isa and Cloncurry regions. The capital injection underscores the company’s commitment to advancing its resource portfolio in a highly prospective mining district.

Alicanto Minerals has intensified its project acquisition efforts and advanced exploration at its Greater Falun and Sala projects in Sweden, supported by a recent capital raise and strategic leadership appointment.

Andromeda Metals has secured a $2.34 million R&D tax refund for the 2024 financial year, reinforcing its funding strategy and underpinning development of the Great White Project.