Latest Capital Raises News

Clara Resources has finalised an initial 25-hole drilling campaign at Mareeba after rock chips returned up to 27.3 g/t gold, but entered October with only A$185,000 in cash. The explorer is relying on a delayed Kildanga sale and the second tranche of a placement to fund its next phase.

Reedy Lagoon has moved its Burracoppin projects closer to drilling while securing up to $2.5 million in new capital, though no field exploration occurred during the September quarter. The company ended the period with just $90,000 in cash and still faces access, environmental and funding hurdles.

Narryer Metals is nearing completion of its Redhill Copper Project acquisition in Chile, adding an existing inferred resource and a much larger conceptual exploration target. The deal is backed by a proposed A$1 million placement from 29Metals, but Narryer ended the quarter with only A$927,000 in available cash.

Verity Resources has identified gold mineralisation across a 9km corridor at Monument and outlined a new intrusion-related target at Gum Well. The exploration progress comes with only $471,000 in cash, or an estimated 0.82 quarters of funding, leaving further work dependent on lower spending and potential capital raising.

PARKD has secured two early-stage contracts, added Symal as its exclusive partner in Victoria and South Australia, and lifted pro forma cash to about A$850,000 through a strategic placement. The progress comes against a sharp liquidity squeeze, with just A$53,000 in cash at 30 September and funding equivalent to 0.21 quarters before the raise.

Tesoro Gold has moved El Zorro’s Ternera deposit from a defined resource to a 1.28Moz mineable reserve, while a newly committed A$40 million placement addresses a reported 1.61-quarter cash runway. The next stage is less about proving the orebody and more about completing the DFS, permitting the project and converting funding into development progress.

Koba Resources has reported a 29-metre tin intersection grading 1.2% near the historic Gilmore Tin Mine in North Queensland, alongside tin mineralisation extending across 2km at Stannex. The company has started another 3,000m drilling program, but held only $1.97 million in cash at quarter-end and expects to seek equity funding.

Eastern Gas has completed its Venus-2H horizontal appraisal well with 445 metres of interpreted coal contact, but the result now faces a more immediate test: whether the company can fund flow testing with only A$654,000 in cash. Gas deliverability remains unproven, while a proposed A$10 million R&D-backed facility is yet to be finalised.

Australian Bond Exchange generated $1.68 million in positive operating cash flow in Q1 FY27, lifting cash to $1.49 million while repaying $436,000 of borrowings. The result strengthens its balance sheet, though the quarter’s cash inflows included $263,000 in government grants or tax incentives and $150,000 of interest received.

Kingsland Minerals ended the September quarter with $752,000 in cash and estimated funding for less than one quarter at current outgoings. Discussions with major shareholder Quinbrook remain non-binding, while the company has paused Leliyn exploration and is considering drilling its gold and uranium projects.

Arcadia Minerals says financing and offtake negotiations for its construction-ready Swanson tantalum project continued to advance as reported tantalum prices reached US$243.50/lb. The company is also preparing drill targets at its TVC polymetallic project, but both development pathways remain dependent on funding and definitive agreements.

Theta Gold Mines has reached approximately 72% plant construction at its TGME Gold Project in South Africa and completed its first US$37 million bond drawdown. The company continues to target first gold in the first quarter of 2027, although further funding releases, commissioning and regulatory steps remain ahead.