Latest Mineral Exploration News

Miramar Resources advances its exploration portfolio with a new joint venture with Sumitomo Metal Mining and promising drilling results at key projects in Western Australia.

Taiton Resources has successfully issued 5 million new shares to sophisticated investors, marking the completion of its Tranche 1 placement and reinforcing its funding position for key mineral projects.

Fortuna Metals has acquired two exploration licences in Malawi’s emerging rutile province, completed initial drilling programs, and appointed Tom Langley as CEO, positioning itself alongside a world-class deposit. The company also raised $2.1 million to fund ongoing exploration.

Miramar Resources has exercised its option to acquire 100% of Exploration Licence E25/654, a strategic move linked to the sale of its Randalls Project to Future Battery Minerals. This acquisition reinforces Miramar's commitment to advancing its mineral exploration footprint in Western Australia.

Native Mineral Resources Holdings Limited reported a challenging quarter with negative operating cash flow but secured significant financing to support ongoing exploration activities. The company anticipates improved cash flow performance in coming months.

Fortuna Metals has launched phase one hand auger drilling at its Mkanda and Kampini projects in Malawi, targeting significant rutile mineralisation near Sovereign Metals’ giant Kasiya deposit. Early assay results are expected by late 2025, with a larger phase two program planned.

Aurumin Limited has secured Supreme Court approval to convene shareholder and optionholder meetings for Brightstar Resources’ proposed full acquisition. The company’s directors unanimously back the schemes, setting the stage for a pivotal vote in November.

Taiton Resources has completed a significant share placement, issuing over 13 million new shares to sophisticated investors and granting employee options, aiming to advance its promising South Australian exploration projects.

Gold Mountain Limited has increased its capital raise to $2 million by issuing nearly 30 million shares at a slightly higher price, lifting its voluntary trading suspension and reinforcing its exploration ambitions.

The Federal Court has approved QGold’s compulsory acquisition of Carawine Resources’ remaining shares, paving the way for the company’s imminent delisting from the ASX.

Taiton Resources has raised $2 million through a share placement to fund drilling at its Challenger West and Highway projects, with further shareholder approvals pending.

DY6 Metals has acquired a key historic rutile mining area in central Cameroon, significantly expanding its Central Rutile Project and positioning itself as a dominant player in a globally emerging rutile province.