Latest Exploration Sector News

Sultan Resources Ltd has announced a pro rata non-renounceable rights issue to raise approximately $1.16 million, aiming to fund exploration activities and strengthen working capital. The offer opens on June 11 and closes on June 20, 2025.

Sultan Resources Ltd has announced a non-renounceable entitlement offer to raise up to $1.15 million, aiming to fund exploration and working capital across its diverse mineral projects.

Aston Minerals Limited shares will be suspended from trading following court approval of its acquisition by Torque Metals Limited. This marks a significant step in the consolidation of mining assets in Western Australia.

Uvre has cleared a crucial regulatory hurdle in its acquisition of New Zealand’s Waitekauri Gold Project, setting the stage for new leadership and exploration activities.

The court has approved the merger scheme between Aston Minerals and Torque Metals, making it legally effective and suspending Aston’s trading. Shareholders will soon receive Torque shares in exchange for their Aston holdings.

Predictive Discovery faces revocation of key exploration permits in Guinea but retains critical Bankan project permits, with exploitation application progressing through regulatory channels.

Magnum Mining’s recent entitlement offer attracted only 22% subscription, failing a key regulatory condition and rendering the offer void. The company now faces the challenge of securing alternative financing to maintain its strategic momentum.

Piche Resources has received formal environmental approval to begin its maiden drilling campaign at the Cerro Chacon gold-silver project in Argentina, targeting a 14 km mineralised corridor with 57 planned drill holes.

ALS Limited reported a 16% revenue increase to nearly $3 billion in FY2025, driven by acquisitions and organic growth, while underlying net profit after tax dipped slightly. The company announced a $350 million equity raise to fund expansion and sustainability initiatives.

Australian Rare Earths Limited has identified a uranium roll front gamma signature at its Overland Uranium Project, confirming an ISR amenable sedimentary uranium setting and setting the stage for expanded drilling in July 2025.

Flynn Gold has confirmed a significant new quartz vein system at its Grenadier Prospect in Tasmania, with high-grade gold assays and a 10-tonne bulk sample collected for metallurgical testing. Drilling approvals are now in place to further explore this promising greenfield discovery.

Trinex Minerals Limited has announced a significant 127:1 security consolidation affecting its ordinary shares, options, and performance rights, pending shareholder approval and set to reshape its capital structure by mid-July.