Latest Exploration Funding News

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Korab Resources has progressed the sale of its Geolsec mineral lease ML27362 to Leka Fertiliser Shipping Pty Ltd for $4.35 million plus royalties, navigating buyer restructuring and pending ASX approval.
Maxwell Dee
Maxwell Dee
31 Mar 2026
Hammer Metals has won two Queensland Government grants worth $336,000 to advance deep drilling and geophysical surveys at its Mount Isa projects, aiming to unlock new critical mineral deposits.
Maxwell Dee
Maxwell Dee
26 Mar 2026
Strategic Energy Resources has secured over $400,000 in Queensland Government grants to fund drilling at its Diamantina Copper and Bulimba Gold projects, accelerating exploration efforts in two promising mineral provinces.
Maxwell Dee
Maxwell Dee
25 Mar 2026
LCL Resources has secured a transformative farm-in deal with Rio Tinto, which could see the mining giant earn up to an 80% stake in the promising Ono Project through substantial exploration funding and milestone payments.
Maxwell Dee
Maxwell Dee
23 Mar 2026
Variscan Mines maintains its 49% interest in the Callabonna Project while Chalice Mining steps in to fund and accelerate exploration through a new earn-in deal with Red Metal.
Maxwell Dee
Maxwell Dee
18 Mar 2026
Sunstone Metals has significantly expanded the surface footprint of gold-copper mineralisation at its Porotillo discovery within the Bramaderos Project, reporting a 462m trench averaging 0.55 g/t AuEq. This milestone supports a large exploration target and advances drilling efforts as a scoping study progresses.
Maxwell Dee
Maxwell Dee
11 Mar 2026
Novo Resources Corp. has issued a prospectus offering free New Options to recent placement participants and joint lead managers, aiming to support its exploration projects in Western Australia and Victoria. The options, exercisable at A$0.15 and expiring in three years, could raise significant capital upon exercise, subject to shareholder approval.
Maxwell Dee
Maxwell Dee
9 Mar 2026
Heavy Minerals Limited has defined a substantial garnet exploration target at the Kanmantoo site in South Australia, estimating up to 50 million tonnes grading 17-25% garnet. The company is advancing metallurgical testing and funding discussions, positioning for a near-term investment decision.
Maxwell Dee
Maxwell Dee
9 Mar 2026
AuMEGA Metals has successfully closed the first tranche of its upsized private placement, raising over C$5 million to advance its exploration projects in Newfoundland. A second tranche awaits shareholder approval, potentially boosting the company’s capital base further.
Maxwell Dee
Maxwell Dee
6 Mar 2026
Noronex Limited has launched a detailed ground gravity survey over its Cgae Cgae Copper-Silver Project in Botswana, following a recent scout drilling campaign. This marks a key step in refining exploration targets beneath the Kalahari cover.
Maxwell Dee
Maxwell Dee
2 Mar 2026
Havilah Resources has finalised a significant transaction with Sandfire Resources for the Kalkaroo copper-gold project, receiving $31.5 million in cash and shares, while advancing promising drilling at Birksgate.
Maxwell Dee
Maxwell Dee
27 Feb 2026
AuMEGA Metals has confirmed a $30 million oversubscribed financing led by Condire Investors to fund expanded drilling and exploration in Newfoundland. The capital raise is structured in two tranches, with the first closing expected in early March and the second pending shareholder approval.
Maxwell Dee
Maxwell Dee
25 Feb 2026