Latest Exploration Spending News

Tlou Energy Limited’s latest quarterly cash flow report reveals a cautious financial position with A$2.74 million in available funding, supporting approximately 2.5 quarters of operations as exploration activities continue.

West African Resources Limited reported a robust quarter with strong operating cash inflows and significant investment in exploration, ending June 2025 with A$279 million in cash. The company’s strategic financing and spending patterns highlight its commitment to growth in West Africa’s gold sector.

Meeka Metals reported a robust cash position of $55.6 million at the end of June 2025, supported by strong financing inflows despite significant outflows on exploration and evaluation activities.

Legacy Iron Ore Limited reported a robust operating cash inflow of A$16.1 million for the June 2025 quarter, ending with a healthy cash balance of A$9.7 million despite ongoing exploration investments.

Godolphin Resources has reported significant exploration advances at its Lewis Ponds project, revealing new high-grade gold and copper prospects and entering a joint venture to accelerate regional development.

Ragusa Minerals has completed a $427,200 capital raise as it reviews new project opportunities to complement its Burracoppin rare earth and kaolin assets. The company also ended key agreements and maintains a lean cash position heading into the next phase.

Thunderbird Resources reports standout gold and antimony assay results from NSW projects, while reshaping its copper and uranium joint ventures in Peru and Canada.

Taruga Minerals has exercised its option to acquire 100% of the Thowagee Project in Western Australia, reporting promising high-grade polymetallic rock chip and soil sampling results that expand exploration potential.

Gullewa Limited reported a solid cash balance of A$8.1 million at the end of June 2025, supported by positive operating cash flow despite ongoing investment in exploration and corporate activities.

Omnia Metals Group has completed a targeted 941-metre drilling program at its Salt Creek Project, while announcing key leadership changes and preparing for an upcoming General Meeting.

Bannerman Energy reported a robust $80 million cash inflow from financing in Q2 2025, offsetting significant exploration expenditures and maintaining a strong cash position.

Resolute Mining reported solid Q2 2025 gold production of 75,962 ounces and maintained its full-year guidance, supported by strategic project acquisitions and steady progress across key West African assets.