Latest Exploration Funding News

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3D Energi has raised $9.4 million to fund the drilling of its Essington-1 well in the Otway Basin, with Korea National Oil Corporation acquiring a 29% stake in the joint venture alongside ConocoPhillips. Drilling is set to commence in late October 2025.
Maxwell Dee
Maxwell Dee
13 Oct 2025
Western Mines Group has been awarded a $180,000 government grant to fund further drilling at its Mulga Tank nickel project, targeting a promising komatiite mineral system. This funding supports the company’s ongoing exploration efforts to delineate a significant nickel sulphide deposit in Western Australia.
Maxwell Dee
Maxwell Dee
10 Oct 2025
NewPeak Metals has secured 100% ownership of the Las Opeñas gold project in Argentina and plans drilling campaigns at both Las Opeñas and the Tansey gold project in Queensland, funded entirely from existing cash reserves.
Maxwell Dee
Maxwell Dee
7 Oct 2025
QMines Limited has announced a fully underwritten $1.5 million Share Purchase Plan for existing shareholders, complementing a recent $7.5 million placement to fund exploration at its Mt Mackenzie gold and silver project.
Maxwell Dee
Maxwell Dee
2 Oct 2025
Prospech Ltd has successfully closed a fully subscribed $1.6 million rights issue, supplemented by a $546,750 follow-on placement, positioning the company to advance drilling and metallurgical programs in Finland and Slovakia.
Maxwell Dee
Maxwell Dee
1 Oct 2025
DeSoto Resources has partnered with Fortuna Mining to form a $12.5 million joint venture targeting new gold exploration permits in Guinea’s prolific Siguiri Basin. The alliance leverages local expertise and significant funding to pursue large-scale discoveries.
Maxwell Dee
Maxwell Dee
1 Oct 2025
Alma Metals reports steady progress on deep diamond drilling at the Briggs Copper Project, confirming mineralisation consistent with recent models and nearing completion of a key scoping study.
Maxwell Dee
Maxwell Dee
1 Oct 2025
QMines Limited has raised $7.5 million through a strongly supported placement to accelerate exploration at its Mt Mackenzie, Mt Chalmers, and Develin Creek projects, positioning the company for growth in gold and base metals.
Maxwell Dee
Maxwell Dee
26 Sept 2025
Lithium Energy has acquired the Mt Dromedary Graphite Project, merging it with its Burke deposit to form a world-class high-grade graphite inventory, setting the stage for a vertically integrated battery anode material business in Queensland.
Maxwell Dee
Maxwell Dee
25 Sept 2025
Nimy Resources has initiated a $2.5 million Share Purchase Plan offering eligible shareholders shares at a 15.28% discount, aiming to fund key resource projects and working capital.
Maxwell Dee
Maxwell Dee
25 Sept 2025
ENRG Elements Ltd has announced a renounceable entitlement offer to raise up to $1.6 million, priced at a 50% discount, to fund gold-focused business development and exploration in Central Asia.
Maxwell Dee
Maxwell Dee
25 Sept 2025
Impact Minerals Limited has successfully raised $4 million through a heavily oversubscribed placement, positioning the company to advance its High Purity Alumina projects and copper exploration activities.
Maxwell Dee
Maxwell Dee
23 Sept 2025