Latest Capital Raisings News

Patronus Resources enters FY2027 with approximately 2.3 million ounces of gold-equivalent Mineral Resources, $65.1 million in cash and liquid investments, and a 30,000-metre Northern Territory drilling campaign underway. The annual report also records an $8.6 million net loss and a proposed uranium rights transaction that remains conditional.

Jindalee Lithium has advanced its proposed US Elemental Nasdaq listing and prepared to launch major drilling at McDermitt, but its audited FY26 accounts flag a material uncertainty over ongoing funding. The company ended June with A$13.6 million in cash after raising about A$20.4 million, while reporting a A$7.2 million loss and no operating revenue.

Truscott Mining has confirmed gold mineralisation at a new Westminster structural target and is preparing diamond drilling ahead of a JORC 2012 resource update. The exploration progress comes alongside a larger loss, ongoing funding dependence and an auditor-highlighted material uncertainty over its ability to continue as a going concern.

Mamba Exploration cut its FY2026 loss sharply and ended the year with A$1.19 million in cash after acquiring 70% of the Meeka East Gold Project. But the annual report says additional debt or equity funding is required to sustain exploration, creating a clear financial test for the new Western Australian strategy.

Minerals Exploration has pivoted decisively into New Zealand gold and tungsten, but its annual report carries a material going-concern warning after a $2.66 million loss and $949,097 operating cash outflow. Exploration has produced encouraging surface samples and broad gold zones, though no mineral resource has been established.

NuEnergy Gas is moving its Tanjung Enim coal bed methane project towards targeted first gas sales in early 2027, backed by a US$88 million field service contract. But the ASX-listed developer ended FY2026 with only A$552,509 in cash, substantial liabilities and a material uncertainty around its ability to continue as a going concern.

Red Mountain Mining’s annual report shows a sharp rise in losses and continued reliance on equity funding, with auditors flagging material uncertainty over the company’s ability to continue as a going concern. Exploration has expanded across antimony, tungsten and gold projects, but the portfolio remains dependent on future funding and successful drilling.

Sultan Resources has reported a $1.48 million FY2026 loss and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The explorer is seeking to fund early-stage Lachlan Fold Belt work while pursuing a new Namibia opportunity and a post-year-end $1.316 million placement.

Ocean Sciences delivered a sharp increase in seaweed revenue during FY2026, but the audited report also records a A$1.612 million continuing-operations loss, A$2.319 million operating cash outflow and material uncertainty over its ability to continue as a going concern. The renamed ASX-listed group is now seeking up to A$3 million while building out its Indonesian platform.

PLC Resources has repositioned around Western Australian gold and copper exploration, securing a maiden 13,000-ounce Inferred Resource at Wadgingarra and full ownership of Yalgoo. But the FY2026 annual report also carries a material uncertainty related to going concern, leaving future exploration dependent on additional funding and exploration success.

Orbminco has shifted from exploration to gold development, with Majestic North now carrying a 50,300-ounce JORC resource and a proposed low-capital route towards production. The annual report also flags material uncertainty over going concern as cash stood at $1.92 million after a loss-making year.

Pioneer Minerals has warned of a material uncertainty over its ability to continue as a going concern after closing FY2026 with just A$80,302 in cash. The company is relying on a proposed A$2.5 million capital raising while pushing its Idaho tungsten-gold-gallium project towards maiden drilling.