Latest Exploration Budget News

Raptor Metals has sold its remaining Australian Gold and Copper stake for approximately $468,200, converting a legacy asset into cash without issuing new shares. The proceeds add funding flexibility as the company advances copper exploration in New Brunswick.

Hancock Prospecting has agreed to invest A$8.77 million in White Cliff Minerals for a proposed 13.5% stake, giving the junior explorer fresh capital to accelerate drilling at its Rae Copper Project in Nunavut. The placement still requires shareholder approval.

Barys Resources is seeking up to A$2.64 million through a 1-for-1 entitlement offer priced at a 41% discount, with most proceeds earmarked for Kazakhstan gold exploration. But only A$800,000 is underwritten, leaving the final funding outcome and potential dilution dependent on shareholder participation.

Golden Horse Minerals has expanded the interpreted Hopes Hill gold system beyond 3 kilometres after completing 52,762 metres of drilling in the six months to June 30. The exploration push delivered multiple high-grade intersections and free-milling metallurgy, but came with no revenue, a $4.37 million loss and a sharp drawdown in cash.

Vault Minerals has reported a 9% increase in its 2026 Ore Reserves to 3.9 million ounces of gold, driven by notable gains at its Leonora and Deflector operations, underpinning a robust production outlook through FY29.

Ramelius Resources has posted a striking 79% jump in Ore Reserves to 4.3Moz and a 17% increase in Mineral Resources to 14Moz as at 30 June 2026, driven by strong drilling results and strategic acquisitions.

Powerhaus Uranium launches an IPO to raise up to A$10 million, aiming to accelerate uranium exploration in underexplored Argentine provinces and acquire a Canadian Athabasca Basin project. The company’s flagship Malbec Project shows promising early-stage results, with plans for extensive drilling and in-situ recovery methods.

Alkane Resources delivered a transformational FY26 with a 590% surge in net profit to A$228.7 million, driven by its merger with Mandalay Resources and record gold equivalent production. The company declared its first fully franked dividend and confirmed solid FY27 guidance.

Westgold Resources reports a 41% jump in gold Ore Reserves to 4.1 million ounces with a 15% grade uplift, achieved at a notably low reserve addition cost of $27 per ounce. The company plans to invest up to $75 million in exploration drilling in FY27 to sustain this growth trajectory.

Lunnon Metals has uncovered a new gold mineralised structure at its early-stage Benmore target within the St Ives gold camp, delivering a notable 17.86m intercept grading 0.61 g/t Au as part of its $13 million FY2027 exploration program.

Avenira Ltd (ASX:AEV) is raising nearly $49 million through a heavily discounted three-for-two renounceable rights issue to finance the transition of its Wonarah Phosphate Project from development to production.

IMDEX Limited (ASX:IMD) delivered a standout FY26 with 21% revenue growth to $520 million and a 44% jump in net profit to $79 million, driven by organic growth and five key acquisitions. The company raised its dividend and expanded its digital earth science footprint, positioning for further gains.