Latest Exploration And Development News

PC Gold Limited has raised approximately A$24 million through a placement led by institutional investors, including a A$5 million cornerstone from Macquarie Bank, to accelerate exploration and development at its Spring Hill Gold Project.

DGR Global has been flagged by ASX for breaching Listing Rule 10.1 after advancing $500,000 without prior shareholder approval. The company is now preparing to seek retroactive approval and address further funding tranches.

Adavale Resources has reported robust Phase 2 drilling results at its London-Victoria Gold Mine, confirming significant gold mineralisation continuity and expansion potential. An expanded Phase 3 drilling program has now commenced to build on this momentum.

Lunnon Metals has officially begun mining at its Lady Herial project, marking the first new mine on the Foster belt in over 30 years and targeting significant gold production amid record prices.

Altamin Limited has obtained a retrospective Environmental Impact Assessment approval for its Gorno Project in Italy, strengthening its regulatory footing and supporting strategic options for development.

Cannindah Resources has announced a two-tranche placement raising approximately $15 million and a concurrent Share Purchase Plan offering eligible shareholders the chance to invest up to $30,000 at a discounted price. The funds will support drilling and exploration at the Mt Cannindah Copper-Gold Project.

Pursuit Minerals has successfully completed the first tranche of a $7 million placement, issuing nearly 47 million shares at 9.5 cents each, with a second tranche and incentive options pending shareholder approval.

Impact Minerals has identified a promising standalone process to produce sulphate of potash and hydrochloric acid from lake clays in Western Australia, potentially reducing reliance on imports and addressing local industrial demand.

New Age Exploration Limited has issued a prospectus to facilitate secondary trading of new options issued under a recent $3.75 million placement, offering 1,000 new options at $0.01 each. The move aims to remove trading restrictions and improve liquidity for option holders.

US1 Critical Minerals announces a bonus issue of options to shareholders and a $1.5 million placement with free attaching options, pending shareholder approval.

Sky Metals has expanded the known mineralised strike at its Doradilla Tin Project to over 10 kilometres, revealing high-grade tin-polymetallic results that significantly surpass previous targets and set the stage for a major drilling campaign.

Apollo Minerals welcomes a $2.8 million investment from Tribeca Investment Partners, marking a significant vote of confidence in its Couflens tungsten-gold project in southern France. This capital injection follows a recent $6.5 million raise and aims to accelerate exploration and development activities.