Latest Exploration News

Dreadnought Resources Limited reported a solid cash flow quarter ending March 2025, closing with A$3.08 million in cash and securing an additional A$10.45 million in funding shortly after quarter-end.

Metal Bank Limited reported a net cash outflow in Q1 2025, with limited cash runway prompting strategic funding considerations including potential project sales.

Corella Resources has finalised its fully underwritten entitlement offer, issuing over 300 million shortfall shares and raising a total of approximately $935,000 before costs.

Santos Limited’s 2024 Annual Report reveals a 5% decline in production and a 9% drop in sales revenue, yet highlights significant progress in carbon capture and storage projects and emissions reduction targets.

Far Northern Resources has amended its December 2024 Appendix 5B cash flow report to provide clearer details on investing activities, revealing a net cash outflow and a modest cash balance at quarter-end.

FireFly Metals Ltd reported a reduced half-year loss of A$5.7 million for December 2024, bolstered by a significant increase in cash reserves and strategic asset acquisitions in Canada and Australia.

Bounty Oil & Gas, through its joint venture operator Asset Energy, has initiated a judicial review against the refusal to vary and extend the PEP-11 offshore petroleum exploration permit. The legal challenge could reshape the future of this key Sydney Basin asset.

IMDEX Limited has announced a fully franked ordinary dividend of AUD 0.015 per share, signaling steady shareholder returns for the half-year ending December 2024.

Gladiator Resources Limited reported a $703,000 net cash outflow for the December 2024 quarter, driven by exploration and evaluation expenses, yet maintains sufficient capital to fund operations into 2025.

Antares Metals has identified several promising exploration targets at its Conglomerate Creek project through detailed magnetic and gravity surveys, with 3D modelling underway to refine these findings.

Magnum Mining and Exploration Limited has launched a $1.9 million non-renounceable entitlement offer to fund its key projects, alongside significant board changes aimed at conserving cash.

DMC Mining Limited reported a $206,000 net cash outflow for Q4 2024, with a cash balance dwindling to $33,000. The company has secured a $525,000 loan and is actively pursuing additional funding to support its upcoming public offer and operational needs.