Latest Exploration Funding News

Australian Critical Minerals has raised $3 million through a heavily oversubscribed placement to fund maiden drilling at its promising Flint Gold-Silver Project in Peru.

Mindax Limited advances its vision for Western Australia's Mid-West iron ore hub, issuing 58 million options to directors and raising fresh capital to fuel exploration and development.

E79 Gold Mines Limited reported a solid quarter with a $3.1 million equity raise, ending December 2025 with $3.58 million in cash despite ongoing operating losses.

Cosmo Metals has identified two promising volcanic massive sulphide targets within the Mt Everest – Mona corridor at its Bingara Project, setting the stage for the first drilling campaign in this historically underexplored VMS belt.

Dynamic Metals Limited has made significant strides in its Western Australian exploration projects, securing government funding and reporting promising early assay results. The company maintains a strong cash position to support ongoing activities across gold, lithium, and fluorite targets.

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.