Latest Exploration News

Dreadnought Resources Limited reported a solid cash flow quarter ending June 2025, with a net cash increase of AUD 3.1 million and a funding runway extending to five quarters. The company’s financial position reflects strategic financing activity amid ongoing exploration investments.

Dalaroo Metals has raised $1 million through a strategic placement supported by cornerstone investors including local partners in Cote d’Ivoire, while announcing the resignation of its CEO. The funds will accelerate exploration across multiple regions and support new project evaluations.

Many Peaks Limited has raised A$13.5 million through a private placement to fund its inaugural Mineral Resource Estimate and exploration at Ferke South, while also increasing director remuneration to reflect company growth.

Legend Mining Limited reported a stable cash flow for the June 2025 quarter, ending with nearly AUD 11.8 million in cash and equivalents and an estimated 32.7 quarters of funding available.

Bastion Minerals has successfully placed the entire shortfall from its recent entitlement offer, raising $263,530 and underscoring strong shareholder support for its exploration strategy.

Moab Minerals has raised $141,000 through a share placement and secured a $500,000 loan from European Lithium to fund exploration and working capital, underscoring strong shareholder support.

Bastion Minerals has successfully closed its non-renounceable entitlement offer, securing $414,190 from 105 applications. The company plans to issue shares imminently and will work with underwriters to place any remaining shortfall by late July.

Koba Resources has successfully raised $442,560 through its recent Entitlement Offer, issuing over 12 million new shares and 6 million options to fund exploration at its Yarramba Project.

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.

Pursuit Minerals has responded to ASX queries following a notable jump in its share price and trading volumes, confirming no undisclosed information is driving the activity and affirming compliance with continuous disclosure rules.

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.

The Takeovers Panel has declared unacceptable circumstances in Emu NL’s recent shareholder meeting, citing a controversial share placement and proxy voting issues that clouded the election outcome and board control.