Latest Exploration And Development News

Torque Metals has completed its acquisition of Aston Minerals through a court-approved scheme of arrangement, issuing new shares to Aston securityholders and delisting Aston from the ASX. The combined entity will operate under Torque’s leadership with a refreshed board.

FireFly Metals has successfully raised approximately A$95 million through a multi-part equity offering to fund an aggressive exploration and development program at its Green Bay Copper-Gold Project in Canada.

Sunrise Energy Metals Limited has announced a $1.5 million Share Purchase Plan (SPP) offering eligible shareholders the chance to invest at 30 cents per share, accompanied by options exercisable at 40 cents until May 2027. The capital raise aims to fast-track the feasibility study and development of its Syerston Scandium Project in New South Wales.

Dalaroo Metals has secured an option to acquire up to 80% of the Bongouanoa Gold Project in Cote d’Ivoire, tapping into a richly mineralised region with strong historical drill results and high-grade gold anomalies.

GTI Energy’s recent scoping study highlights promising economics for its Lo Herma uranium project in Wyoming, prompting plans for expanded drilling in 2025 to upgrade and grow its resource base.

Prodigy Gold NL has announced a non-renounceable entitlement offer aiming to raise approximately $6.35 million to fund exploration and development across its key gold projects in the Tanami region. The offer is partially underwritten, providing a degree of funding certainty amid ongoing market and operational risks.

Meeka Metals reports significant new shallow high-grade oxide gold drill results at Turnberry Central, extending the Stage 1 open pit and promising to boost production beyond initial plans.

Kula Gold reports impressive high-grade shallow gold intercepts from recent drilling at its Mt Palmer Gold Project, reinforcing the potential for low-cost open pit mining and expanding resource targets along a 10km belt.

Prodigy Gold NL has launched a partially underwritten entitlement offer to raise up to $6.35 million, aiming to accelerate exploration and development across its key Tanami gold projects. Major shareholders APAC Resources and Plutus Prospecting are backing the raise, with potential board changes on the horizon.

Victory Metals Limited has launched a $3.75 million placement and options offer aimed at advancing its North Stanmore Heavy Rare Earth Elements project in Western Australia. The capital raise targets sophisticated investors and includes detailed risk disclosures.

Develop Global has commenced concentrate production and cashflow at its Woodlawn copper/zinc mine, marking a significant milestone in its strategy to become a leading ASX copper and base metals company.

QX Resources has secured a farm-out deal transferring a 75% interest in its Western Shaw iron ore rights, with partners committing $1 million to exploration, while retaining a royalty stream.