Latest Exploration Activity News

Peel Mining Limited has launched a $2.5 million Share Purchase Plan offering eligible shareholders discounted shares following a $16.25 million placement. The move aims to bolster funding for exploration and corporate initiatives while giving retail investors a chance to participate.

Dundas Minerals has raised $1.1 million through a discounted share placement to fund ongoing gold exploration in Western Australia, alongside appointing a new Company Secretary to strengthen corporate governance.

Power Minerals Limited has secured an option to acquire the Gamma Heavy Rare Earths Project in California, adjacent to the Mountain Pass Mine, backed by a $4.1 million placement to accelerate exploration.

Kula Gold Limited has addressed recent share price and volume spikes, confirming no undisclosed information while highlighting exploration progress and market factors driving investor interest.

Ausmon Resources has completed a 23-hole aircore drilling program at its Parrakie tenement in South Australia, revealing encouraging preliminary rare earth element concentrations. The results pave the way for further exploration and resource definition in the Limestone Coast REEs Project.

Premier1 Lithium Limited has announced a renounceable pro-rata entitlement offer to raise approximately $1.84 million, alongside plans to rebrand as Erebus Resources Limited pending shareholder approval. The capital raise is partially underwritten and aims to fund exploration at key projects and support general working capital.

Premier1 Lithium has announced a partially underwritten entitlement offer to raise $1.84 million at a 50% discount, aiming to fund focused drilling and exploration at its Yalgoo and Abbotts North projects.

Kuniko Limited has raised A$1.52 million through a rights issue shortfall and top-up placement, fully funding Stage-1 exploration at its Commonwealth Gold-Silver Project in NSW. Exploration activities, including geochemical sampling and airborne geophysics, are now underway in the prolific Lachlan Fold Belt.

Zenith Minerals confirms a substantial and continuous gold mineralisation system at Red Mountain, Queensland, with new diamond drilling results revealing significant depth and high-grade zones. A follow-up RC drilling program is set to further delineate the system’s lateral extent and target its high-grade core.

Catalyst Metals reported a slight dip in September quarter gold output due to processing challenges but remains on track to meet full-year targets amid ramped-up exploration and development.

Solara Minerals has launched a cutting-edge Ultrafine® soil sampling program at its Wilgeena West Project, aiming to pinpoint structural controls of gold mineralisation and generate new drill targets.

Black Cat Syndicate has commenced mining at its Fingals open pit, marking a significant step in its Kal East gold operation with expected strong gold production and ongoing resource expansion.