Latest Exploration Sector News

Pinnacle Minerals has scrapped its planned second tranche placement, aiming to reduce shareholder dilution and maintain a leaner capital structure as it advances exploration milestones.

Skylark Minerals Limited has applied for ASX quotation of 17,577,446 fully paid ordinary shares linked to a previously announced placement, with further shares pending shareholder approval.

Buru Energy has issued over 55 million attaching options to shareholders who participated in its recent share purchase plan, marking a significant step in its capital raising efforts.

Somerset Minerals Limited has launched a C$2.25 million flow-through share offer targeting Canadian investors, aiming to accelerate exploration activities at its Jura project. The capital raise complements a planned institutional placement and highlights both growth ambitions and inherent risks.

Robex Resources has issued an addendum to its shareholder circular detailing amendments to its acquisition agreement with Predictive Discovery, postponing the crucial vote to December 30 to allow more time for shareholder engagement.

Winsome Resources Limited (ASX, WR1) has had its trading suspension lifted immediately following its response to an ASX price query, restoring market access for investors.

Metal Bank Limited addresses ASX concerns over recent share price volatility, confirming a pending Mineral Resource Estimate announcement and recent strategic moves as key drivers.

Miramar Resources has completed its Tranche 1 share placement and secured a further $205,000 commitment from a director for Tranche 2, pending shareholder approval in early 2026.

APC Minerals has launched a pro-rata entitlement offer to raise up to $1.38 million by issuing new shares to existing shareholders. Letters detailing the offer have now been dispatched, with documents accessible electronically.

APC Minerals Limited has announced a pro-rata renounceable entitlement offer to raise approximately $1.38 million by issuing new shares at a low price, aiming to bolster its capital base. Eligible shareholders can subscribe for 13 new shares for every 11 held, with a closing date set for early January 2026.

IRIS Metals Limited has voluntarily suspended trading of its shares on the ASX pending a significant capital raising announcement expected next week.

Winsome Resources Limited’s shares have been suspended from ASX trading following the company’s failure to respond to a critical price query within the requested timeframe. The suspension will remain until compliance issues are resolved.