Latest Exploration And Development News

Equinox Resources has agreed to sell its Alturas Antimony Project in British Columbia to Maxus Mining, freeing up capital and focus for its core iron ore ambitions in Western Australia.

Resolution Minerals Ltd has successfully raised $25.1 million through a heavily supported placement, positioning itself to advance its Horse Heaven Project in Idaho and prepare for a NASDAQ listing.

Robex Resources has moved up the expiry date of its 2024 Warrants to October 2025 after its share price hit a key threshold, potentially unlocking C$147 million to fund its Kiniero Gold Project in Guinea.

DY6 Metals has completed a $245,000 placement to directors, with key insiders further demonstrating confidence through on-market share purchases and option exercises totaling over $115,000.

Central Petroleum Limited has reported a robust 43% increase in underlying EBITDAX for FY2025, alongside its inaugural on-market share buy-back, signaling confidence in its strengthened financial footing and growth prospects.

Adavale Resources has updated its prospectus to reflect a $3.1 million capital raise through share placements and director participation, reinforcing its funding position amid ongoing exploration efforts.

Aldoro Resources has agreed to sell its non-core projects for approximately $3.3 million, enabling a sharpened focus on its flagship Kameelburg Niobium-REE Carbonatite Project in Namibia. The deal includes a significant share distribution in Sultan Resources to Aldoro shareholders.

Dome Gold Mines has successfully closed its Share Purchase Plan, raising $366,000 to support ongoing exploration and development in Fiji. The company is advancing key projects including the Sigatoka mineral sands and Ono Island gold ventures.

EV Resources has confirmed a $1 million follow-on investment from Tribeca Investment Partners, reinforcing confidence in its antimony projects amid rising global demand for critical minerals.

CZR Resources has completed a $75 million cash sale of its Robe Mesa iron ore asset, leaving it debt-free and well-funded for aggressive exploration. The company is gearing up for drilling programs across its gold, copper-zinc-silver, and iron ore projects in Western Australia.

Patronus Resources (ASX, PTN) reveals a robust financial position with $70 million in cash and investments against a market cap near $100 million, underpinned by 2.3 million ounces gold equivalent resources in Tier-1 Australian jurisdictions. The company’s active exploration and strategic acquisitions signal promising growth ahead.

Ballymore Resources reports standout high-grade gold, silver, and copper results from its latest drilling at the Dittmer Gold Project, reinforcing confidence in the Duffer Lode’s continuity and prompting plans to extend underground exploration.