Latest Mineral Exploration News

Evolution Energy Minerals has announced a $4 million renounceable entitlement offer priced at 1.5 cents per share, including free attaching options, with major shareholder Metals One Plc committing $1 million.

Taiton Resources has completed a significant placement of nearly 12 million shares to Singapore’s GEMS Strategic Resource Fund, bolstering its capital position and signalling confidence from a reputable international investor.

Northern Minerals Limited reported a $10 million net operating cash outflow for the December 2025 quarter, ending with a robust cash balance of nearly $49 million supported by recent equity raises.

Native Mineral Resources Holdings Limited reported a modest operating cash outflow in December 2025 but expects improved liquidity following recent gold sales and a $3 million convertible note raise.

Taiton Resources has completed drilling at its Challenger West project and is preparing to drill at the Highway project's Yogi prospect, backed by a $2 million capital raise and a key board appointment.

Fortuna Metals has confirmed significant high-grade rutile mineralisation at its newly acquired Mkanda project in Malawi, supported by a successful A$3.5 million capital raise to advance exploration.

Pioneer Minerals has varied CEO Michael Beven’s employment terms, proposing a fresh grant of 1.2 million Performance Rights under a new Employee Share Incentive Plan, pending shareholder approval in March 2026.

Gold Mountain Limited has agreed to sell its Papua New Guinea exploration licences for $2 million, redirecting funds to advance its promising Brazilian projects and strengthen working capital.

Miramar Resources has restructured its board, appointing Marion Bush as Managing Director and Jono Fisher as Non-Executive Chairman, aiming to drive growth and exploration success in Western Australia.

Augustus Minerals has addressed ASX concerns over its recent appointment and election of a new director, clarifying compliance with listing rules despite timing challenges.

Taiton Resources has completed the first tranche of its capital raising, issuing 3.38 million shares to sophisticated investors, with a larger tranche still pending. This move aims to bolster funding for its mineral exploration projects across South Australia and New South Wales.

Triton Minerals Limited has formally retracted certain visual estimates of mineralisation from its recent market update, acknowledging non-compliance with ASX reporting standards and urging investors to disregard these figures.