Latest Exploration News

State Gas Limited has raised $3.2 million through convertible notes issued at a 33% premium, alongside a $0.5 million director debt conversion, to accelerate pre-development of its Rolleston West coal seam gas project following a maiden 2P reserve certification.

Felix Gold Limited has successfully raised $18 million through a placement to fund exploration and advance near-term military-grade antimony production in Alaska. The capital injection positions the company to capitalize on strategic supply opportunities amid global market shifts.

Koba Resources has completed a $4.35 million placement of 87 million shares at 5 cents each, accompanied by 43.5 million free attaching options exercisable at 8 cents until mid-2028, following shareholder approval.

Eastern Gas Corporation Limited, a Pure One subsidiary, has lodged a prospectus to raise $5.5 million to advance exploration and development of its Queensland gas assets, aiming for a standalone ASX listing.

Sunstone Metals has raised $8 million through a discounted share placement to fund a scoping study and drilling at its Bramaderos Gold-Copper Project in Ecuador, while advancing strategic corporate discussions.

True North Copper has raised $12.5 million through a heavily oversubscribed placement to fast-track drilling and exploration at its flagship Mt Oxide Project and the promising Aquila discovery.

McLaren Minerals has successfully raised A$3.6 million through an oversubscribed entitlement offer, positioning the company to advance its McLaren titanium project in Western Australia.

Anax Metals has completed a $2.4 million strategic placement with mining group Gold Valley at a 37.5% premium, while securing a $3.5 million loan to repay convertible notes, positioning the Whim Creek copper project for near-term development.

Benz Mining reports significant high-grade gold extensions at Zone 126 and a new Lens 5 discovery at its Glenburgh Gold Project, highlighting strong potential for resource growth and new district-scale targets.

Bubalus Resources has initiated a 1,200-metre drilling campaign at its Avon Plains Gold Project in Central Victoria, targeting high-grade gold beneath shallow sediments. Results are anticipated by early February 2026, potentially unlocking new discoveries in an underexplored region.

Antares Metals Limited (ASX, AM5) has announced a significant acquisition of gold and base metals assets in Western Australia, positioning itself for a maiden drilling campaign in early 2026.

Andean Silver Limited has raised A$30 million through a placement and aims to raise an additional A$3 million via a Share Purchase Plan to fund accelerated drilling and development at its Cerro Bayo Silver-Gold Project in Chile.