Latest Exploration Funding News

Vita Resources has completed a $100,000 capital raise via a placement featuring a novel partly paid share class designed specifically for mining companies. This new share structure defers calls until at least 2030, offering investors flexibility and the company a unique capital management tool.

Solstice Minerals has successfully closed a $32.6 million placement and raised an additional $0.81 million through option exercises, issuing nearly 35 million new shares now available for immediate trading.

Great Northern Minerals Ltd has finalised the sale of its remaining minority interest in Golden Ant Mining Pty Ltd, receiving $1.9 million in cash and strengthening its liquidity to approximately $4.4 million. The company plans to deploy these funds towards ongoing exploration and potential acquisitions.

Aurum Resources Limited has reported a 34% increase in the Mineral Resource Estimate at its Napié Gold Project in Côte d'Ivoire, raising the total resource to 1.16 million ounces of gold. This growth lifts Aurum’s combined group gold resources to 4.2 million ounces across its Côte d'Ivoire assets, supported by ongoing drilling and strong metallurgical recoveries.

Nagambie Resources has completed all conditions precedent following strong shareholder approval for an earn-in joint venture with Alkane Resources, enabling Alkane to acquire up to an 80% interest through staged funding over five years.

Strategic Energy Resources Limited (ASX: SER) has requested an immediate voluntary suspension of its securities on the ASX ahead of a Supreme Court hearing concerning the appointment of its auditors. The suspension will remain until the company releases an announcement expected before market open on 14 April 2026.

Havilah Resources has entered a transformative partnership with Sandfire Resources, unlocking $210 million in staged payments and exploration funding to accelerate development in South Australia's Curnamona Province.

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.

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.

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.

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.

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.