Latest Exploration Projects News

GBM Resources has partially completed its $8 million placement to Wise Walkers but faces delays in receiving the remaining funds due to Chinese foreign exchange controls. Shareholder approval for the balance is now 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.

Caprice Resources has completed the acquisition of the Comet Exploration Project, significantly expanding its Island Gold Project footprint in Western Australia's Murchison Goldfields. This strategic move triples the company's contiguous landholding along a proven gold corridor, setting the stage for accelerated exploration.

Resource Minerals International Ltd has successfully raised $1 million through a share placement to fund exploration projects across Saudi Arabia, Tanzania, and Finland, while also achieving a debt-free status.

ActivEX Limited has raised $100,000 through a strategic share placement to Business Victor Investments, aiming to accelerate its exploration projects and strengthen working capital.

Boab Metals has approved the Final Investment Decision for its Sorby Hills Silver-Lead Project, fully funding construction and targeting first production in the second half of 2027.

Corella Resources is raising $1 million through a two-tranche share placement aimed at advancing exploration projects and evaluating new opportunities. The placement includes free attaching options, pending shareholder approval.

Aureka Limited has raised $3.6 million through a share placement to fund a second diamond drill rig and accelerate exploration at its Victorian gold projects, reflecting strong investor confidence following recent high-grade discoveries.

Taruga Minerals has entered a 12-month option to acquire two advanced gold and copper projects in Papua New Guinea, backed by a $1.5 million capital raise to fund exploration and resource development.

Desert Metals Limited has completed the first tranche of its capital raising, issuing 64 million shares to raise $416,000, with a shareholder meeting planned to approve a second tranche worth $834,000.

Ballard Mining’s latest drilling at its Mt Ida Gold Project reveals promising high-grade gold mineralisation across multiple prospects, setting the stage for an aggressive resource expansion campaign in 2026.

Cannindah Resources has appointed Cameron Switzer as Managing Director and CEO, signaling a strategic push in its Mt Cannindah Copper-Gold Project. The company also sees a leadership reshuffle with the resignation of Chair Michael Hansel and appointment of Tony Rovira as Chair.