Latest Mineral Exploration News

VDM Group Limited faces suspension on the ASX due to a joint venture dispute in Angola, halting exploration activities. The company is pivoting towards new critical minerals projects in Australia to restore trading and investor confidence.

McLaren Minerals Limited reported a challenging quarter with operating and investing cash outflows offset by a significant equity financing inflow, ending March 2025 with a modest cash balance and less than two quarters of funding runway.

Aguia Resources reported a challenging Q1 2025 cash flow, ending the quarter with just AUD 1.2 million in cash and less than half a quarter of funding available. The board remains confident in raising capital to sustain mining and exploration activities at Santa Barbara Mine.

Taiton Resources reports exceptional high-purity quartz assay results from its Kingsgate Project in New South Wales, with SiO2 content reaching 99.97%, underpinning plans for further metallurgical testing and exploration.

Blaze Minerals completed a 1,548m diamond drilling campaign at its Ntungamo Project in Uganda, targeting two pegmatite bodies, while assays from its Mityana Project returned no significant results. The company also secured $1.25 million in capital raising to support ongoing exploration.

Northern Minerals Limited reported a $5.8 million cash outflow from operations in Q1 2025 but bolstered its balance sheet with a $42.5 million equity raise, ending the quarter with nearly $30 million in cash.

Waratah Minerals Limited disclosed a quarterly cash outflow of AUD 1.757 million driven by exploration and staff costs, ending March 2025 with AUD 2.436 million in cash. The company plans a capital raise to sustain ongoing drilling at its Spur Project.

Miramar Resources has unveiled significant nickel-copper sulphide discoveries at its Bangemall project, supported by a $1.8 million capital raise to accelerate exploration across multiple Western Australian projects.

Resource Mining Corporation (ASX: RMI) reported promising initial gold assays from its Saudi Arabian projects and is evaluating near-term gold production in Tanzania, while managing a constrained cash position and new funding arrangements.

NT Minerals Limited reported a net cash outflow of $186,000 for the December quarter, ending with just $2,000 in cash but retaining $1.56 million in undrawn financing facilities.

Breakthrough Mineral Limited reports a mixed quarterly cash flow with significant exploration expenditure offset by strong financing inflows and plans for reduced corporate costs.

Miramar Resources reports encouraging drilling and sampling results across multiple Western Australian projects, reinforcing its strategic focus on nickel-copper-cobalt-PGE and sedimentary exhalative mineralisation.