Latest Exploration And Development News

The Australian Taxation Office has issued a binding ruling clarifying the tax treatment for De Grey Mining shareholders following Northern Star Resources’ acquisition. The ruling confirms capital gains tax deferral options for eligible investors.

Cauldron Energy has wrapped up its fully underwritten entitlement offer, raising nearly $1.95 million, with its major shareholder stepping in to cover a $557,000 shortfall.

Carbine Resources has successfully raised $1.78 million through a pro-rata entitlement offer and shortfall placement, setting the stage for further shareholder approval in August.

Karoon Energy has successfully acquired 100% interests in six offshore blocks in Brazil’s Santos Basin, reinforcing its strategic position and increasing its 2025 capital expenditure guidance to US$120-140 million.

Blaze Minerals has inked a binding deal to acquire a major interest in the Loulombo Base Metals Project in the Republic of Congo, backed by a $2.52 million capital raise to fund exploration and development.

Turaco Gold has raised A$60 million through a strongly supported placement, positioning the company to fast-track growth and exploration at its flagship Afema gold project.

FireFly Metals has filed a final prospectus for a C$25.7 million bought deal offering as part of a broader A$71 million equity raise to advance its high-grade copper-gold projects in Canada. The capital raise includes institutional placements, a charity flow-through placement, and a share purchase plan.

Top End Energy updates its Northern Territory exploration strategy amid record gas flow tests in the Beetaloo Basin, signaling a shift from appraisal to development.

Patronus Resources has discovered a new high-grade gold shoot at its Merlin Prospect within the Mertondale East Shear Zone, reinforcing the growth trajectory of its Cardinia Gold Project in Western Australia.

Canterbury Resources is set to drill a 900m deep hole at its Briggs copper project, testing a high-priority geophysical target that could reveal richer copper zones. Supported by a government grant, this move coincides with a scoping study aiming to unlock one of Australia’s largest undeveloped copper deposits.

Lode Resources has announced its first Mineral Resource Estimate for the Webbs Consol silver-base metals project in New South Wales, revealing a substantial high-grade deposit. This milestone confirms the project's potential and sets the stage for further exploration and development.

Koba Resources has completed a $600,000 placement of shares at 3.6 cents each, sweetened with free options exercisable at 8 cents until mid-2028. The move strengthens the company’s capital base without triggering extensive disclosure requirements.