Latest Exploration News

Latrobe Magnesium Limited (ASX – LMG) has launched an $8 million equity raising to fund the ramp-up of its magnesium metal production and advance feasibility studies for a larger commercial plant. The company’s patented hydromet process converts brown coal ash into sustainable magnesium with significantly lower emissions than global peers.

Latrobe Magnesium has locked in $10 million through a placement and entitlement offer to complete its demonstration plant and push towards commercial-scale magnesium production.

Canterbury Resources is on the cusp of completing a pivotal scoping study for its Briggs Copper Project, while deep drilling advances to unlock higher-grade mineralisation. The company also moves forward with new exploration initiatives and a share purchase plan to bolster funding.

AustChina Holdings has received a non-binding proposal from Bluestone Energy to invest $1.5 million via a large share placement, potentially fueling new acquisitions and exploration efforts.

Clime Investment Management has completed a $2.3 million placement and announced a bonus option issue, positioning itself for growth as the Australian wealth management sector consolidates.

Yandal Resources has confirmed a significant new gold discovery at its Arrakis Prospect with broad mineralisation over a 2.2km strike. Diamond drilling is set to commence imminently to further define the system.

Australian Mines Limited has secured key approvals to begin a ~1,000m drilling program at its high-grade Flemington scandium project, positioning itself strategically amid tightening Chinese rare earth export controls.

Omnia Metals Group has addressed ASX concerns over unusual trading activity, confirming receipt and forthcoming disclosure of assay results from its Salt Creek drilling program.

Equity Trustees faces an expanded Federal Court claim from ASIC seeking compensation for superannuation members after a $73 million revaluation hit the Shield Master Fund. The trustee disputes liability and supports liquidation efforts to recover member funds.

Eclipse Metals has raised $4 million to accelerate drilling and resource upgrades at its Greenland rare earths project, while preparing for a potential NASDAQ dual listing.

Marvel Gold has launched a comprehensive 5,400 line-kilometre drone-borne magnetic survey over its Hanang Gold Project in Tanzania, aiming to sharpen geological models and pinpoint new drilling targets.

Magmatic Resources has reported promising high-grade gold intersections from its maiden drilling at the Weebo Gold Project in Western Australia, confirming extensive shallow mineralisation and planning follow-up drilling to expand on these early successes.