Latest Exploration News

Galileo Mining Ltd’s latest quarterly cash flow report reveals a $706,000 net cash decrease amid ongoing exploration spending, while maintaining a strong cash position of $11.3 million.

Latitude 66 Ltd posted a $1.75 million net cash outflow for the December quarter, ending with $2.18 million in cash reserves. The company anticipates lower costs ahead and intends to sell shares valued at around $850,000 to fund ongoing activities.

Mont Royal Resources Limited reported a stable cash position of $1.75 million at the end of December 2024, despite significant outflows on exploration activities during the quarter.

Gullewa Limited reports a robust cash balance of $9.087 million at the end of December 2024, supported by strong financing inflows despite ongoing exploration expenditures. The company’s quarterly cash flow highlights its strategic financial management as it advances key tenements in Western Australia.

Lycaon Resources has addressed an ASX price query, confirming no undisclosed information influenced recent trading and releasing assay results from its Stansmore Project drilling program.

Agrimin Limited's latest quarterly cash flow report reveals a significant reduction in cash reserves alongside ongoing operational expenditures, prompting plans for further capital raising to maintain project momentum.

Develop Global Limited reported a robust increase in cash reserves for the December 2024 quarter, driven by significant financing inflows despite ongoing operational and investing outflows.

Meeka Metals Limited reports a strong cash position of $55.259 million as of December 31, 2024, underpinning its exploration activities with nearly 30 quarters of funding available. Despite ongoing cash outflows from exploration and corporate costs, the company’s financial footing remains robust.

Mount Hope Mining has marked a pivotal December quarter with a successful ASX listing and a $5 million capital raise, setting the stage for advanced exploration in the prolific Cobar mining district.

Auking Mining Limited reported a challenging quarter ending December 31, 2024, with significant cash outflows and a critical need for new capital to sustain exploration activities in Tanzania and Cloncurry.

Omega Oil and Gas Limited has successfully completed drilling and testing of its Canyon-1H horizontal well, revealing encouraging reservoir conditions that set the stage for upcoming fracture stimulation and flowback testing.

Parabellum Resources Limited reported a net cash outflow of $145,000 from operating activities in the December 2024 quarter, maintaining a solid cash position of $1.63 million. The company continues to invest in exploration while refraining from new financing activities.