Latest Exploration Funding News

Everest Metals has begun mining at its Mt Dimer Taipan Gold Project and reported strong drilling results at its Mt Edon Critical Minerals Project, advancing its position in gold and strategic minerals.

Desert Metals Limited has completed the second tranche of its placement, raising a total of $1.25 million through new shares and options issued to investors and its lead manager.

Legacy Minerals advances its flagship Mt Carrington Project with an expanded scoping study and confirms high-grade mineralisation, while securing a significant farm-in joint venture option with Rio Tinto for the Thomson Project.

Rimfire Pacific Mining reveals a significant gold-antimony mineralised corridor at its Windy Ridge prospect, reigniting interest in a largely overlooked Broken Hill asset with strategic critical minerals potential.

Sunshine Metals has received a $634,302 first and final dividend from the liquidation of Pluton Resources, unlocking funds to progress exploration at its promising Sybil and Liontown gold projects.

Magmatic Resources has launched a significant 5,000-metre diamond drilling campaign at its Myall copper-gold project, backed by Fortescue under a $3.5 million FY26 exploration budget. The program targets multiple promising porphyry-style deposits, aiming to build on earlier encouraging results.

Kula Gold reports exceptional gold drill results extending over a 3km strike at Mt Palmer, while Forrestania Resources' takeover bid climbs beyond 73%. The company also completes maiden drilling at its Wozi Niobium Project, with assay results pending.

Everest Metals Corporation has announced the issuance of $1.17 million in Junior Minerals Exploration Incentive tax credits to eligible shareholders following successful capital raisings in 2024-25. This move highlights the company’s ongoing commitment to exploration and shareholder value.

Ora Banda Mining has reported significant new high-grade gold intercepts from drilling at its Sand King northern corridor, pointing to a potential expansion of its mining inventory and extended mine life.

Havilah Resources has struck a landmark agreement with Sandfire Resources to advance its Kalkaroo copper-gold project, backed by a $210 million staged investment and a strategic exploration alliance in South Australia’s Curnamona Province.

Koonenberry Gold has intersected visible gold in deep drill holes at its Enmore Gold Project, extending the known alteration zone and confirming a robust mineral system open at depth. The company is well funded and advancing a comprehensive drilling program to unlock further potential.

AusQuest and South32 have extended their Strategic Alliance Agreement for two more years, securing continued funding and collaboration on Australian copper and zinc projects. South32 will fund exploration to advance projects to drill-ready status and can earn up to 80% interest through staged investments.