Latest Exploration Funding News

Simble Solutions reports new multi-year contracts in the UK and Australia, boosting revenue prospects, but faces a cash runway of less than one quarter and is exploring funding options.

American West Metals reports robust drilling results at its Storm Copper Project in Canada and renews momentum at its West Desert Project in Utah, supported by a $7 million capital raise to advance critical metals development.

GBM Resources has launched a major drilling campaign at its Twin Hills gold project and raised A$40 million to fund exploration and development across its Drummond Basin portfolio.

Venus Metals Corporation reports a significant update to its Sandstone gold resource, formalizes a joint venture with IGO at Bridgetown-Greenbushes, and reveals promising zinc and indium mineralisation at Youanmi.

Dome Gold Mines reports steady progress on its Sigatoka heavy mineral sands project despite delays in a government-led river desilting program, while exploring funding options for its Nadrau copper-gold project in Fiji.

Bellavista Resources confirms successful initial bioleaching tests at its Brumby deposit, recovering key critical minerals, while progressing due diligence on over 50 potential projects to expand its portfolio.

Alchemy Resources reported significant exploration progress in Q3 2025, including lithium drilling at Roe Hills, a strategic JV with Newcam on Bryah iron ore assets, and strong base metals assays at Yellow Mountain.

Cullen Resources has secured key tenements and begun drilling at its Yardilla Gold Project while completing a A$1.5 million sale of its Wyloo Iron Ore Royalty, bolstering its exploration funding.

Truscott Mining Corporation advances exploration at Westminster and Barkly Projects, confirming new mineralised zones and refining structural models to guide targeted drilling. The company is also progressing site preparations and exploring funding options to support phased development.

PC Gold Ltd has clarified the timing, costs, and disclosure of its recent drilling and assay programs at the Spring Hill Project, affirming compliance with ASX rules ahead of its IPO.

Strata Minerals has resumed diamond drilling at its Penny South Gold Project targeting extensions of known mineralisation and secured an option to acquire the Zelica Gold Project, enhancing its Western Australian portfolio.

Audalia Resources completed key drilling and metallurgical programs at its Medcalf vanadium-titanium-iron project, progressing towards a resource upgrade and mine design. However, cash reserves and funding runway remain limited, underscoring the need for successful financing.