Latest Exploration Funding News

Tartana Minerals has locked in a $5.18 million placement with Chinese mining giant Xingye Gold at a striking 165% premium to its last traded price, setting the stage for accelerated exploration and a new strategic partnership.

Alara Resources has launched a pro-rata non-renounceable entitlement offer to raise approximately AUD 3.84 million, aiming to support ongoing exploration at its Oman copper projects and general working capital.

Falcon Metals has pushed its Blue Moon gold mineralisation beyond 600 metres of strike, uncovering a new Jasmine Zone and confirming visible gold in multiple locations. The company also advanced its Pyramid Hill and Errabiddy projects while maintaining a robust A$15.4 million cash position.

Miramar Resources has received a A$238,456 refundable R&D tax offset for FY2025, supporting innovative exploration techniques at its Whaleshark and Bangemall projects. This non-dilutive funding strengthens the company’s cash position ahead of planned drilling and surveys.

Noronex has completed a 7,112m drilling phase across its Kalahari Copper Belt projects, confirming copper-silver mineralisation and refining its exploration model with South32’s backing. A 3,000m drill program is slated for late 2026.

Tennant Minerals (ASX:TMS) has launched a prospectus offering more than 800 million new options, aiming to clear trading restrictions and raise funds for advancing its Bluebird project and broader exploration activities.

Krakatoa Resources (ASX: KTA) has raised $1.6 million through a placement to fund its 2026 drilling and development program at the Zopkhito Antimony-Gold Project. The capital will support efforts to convert a foreign resource estimate into a JORC-compliant Mineral Resource Estimate, alongside metallurgical and environmental studies.

Audalia Resources has secured $450,000 through a placement of 15 million shares at 3 cents each, aiming to push its Medcalf project closer to production while maintaining working capital.

Iceni Gold has secured a farm-in and joint venture agreement with Gold Fields, unlocking up to $10 million in exploration funding at the Everleigh-Tatong prospect within its 14 Mile Well Gold Project in Western Australia.

Lion Energy has locked in Indonesian government approval for a key farm-out deal, enabling OPIC to fund the majority of the Bula Karang-1 well costs while Lion retains a significant stake in the East Seram PSC.

FIN Resources has landed a C$111,034 government grant to expand its geophysical surveys at the Cabin Lake Gold Project in Canada’s Northwest Territories, aiming to sharpen drill targets and unlock further exploration potential.

TechGen Metals has secured A$2.7 million through an oversubscribed placement to fast-track maiden drilling at its flagship Blue Devil copper-gold project in WA, alongside advancing exploration at Dalgaranga and John Bull gold assets.