Latest Funding News

L1 Group has launched the IPO of L1 Gold Fund Limited, targeting a $900 million raise with founder backing and early closure due to strong investor interest. The fund will list on the ASX in April, continuing the strategy of its predecessor wholesale fund.

Javelin Minerals has launched a targeted drilling campaign at its Eureka Gold Project in WA, aiming to extend high-grade gold mineralisation and capitalise on a newly expanded mining lease. The company is poised for near-term production under a joint venture with MEGA Resources.

Adavale Resources is ramping up its drilling campaign at the London-Victoria Gold Mine, aiming to grow its existing 115,000oz gold resource with a second drill rig and expanded geophysical surveys.

Iceni Gold has upsized its recent placement to nearly $1.76 million, securing additional funds to advance drilling and exploration at its flagship 14 Mile Well Gold Project in Western Australia.

Thrive Tribe Technologies has completed a $240,554 capital raise through a discounted share placement, aiming to bolster its working capital. The placement involved issuing over 318 million shares at a 25% discount, with Clee Capital acting as lead manager.

Cavalier Resources has signed non-binding term sheets for a combined US$13 million gold prepayment and A$5 million gold loan to fund the Stage 1 development of its Crawford Gold Project, significantly improving project economics and financial flexibility amid softening gold prices.

Cobre Limited’s Chilean subsidiary has secured a majority stake and operational control of the Sierra Atacama Copper Project, setting the stage for potential full ownership through staged acquisitions and strategic governance changes.

Breakthrough Minerals has completed the acquisition of the North Queensland Copper-Gold Project, gaining a substantial resource base and strategic landholding in the Mt Isa region. The company is now poised to advance exploration with multiple high-priority targets.

Western Ridge Resources has received regulatory approval to commence drilling at its historic Keystone Project, marking the first major exploration in over eight decades. The fully funded program aims to unlock new high-grade silver extensions and test multiple promising targets.

Hammer Metals has won two Queensland Government grants worth $336,000 to advance deep drilling and geophysical surveys at its Mount Isa projects, aiming to unlock new critical mineral deposits.

Killi Resources has won a Queensland Government grant to co-fund drilling at its Mt Rawdon West copper-gold project, targeting a compelling porphyry system. The planned drilling aims to test significant geochemical and geophysical anomalies in the Baloo prospect.

Reach Resources Limited has announced a pro-rata entitlement issue aiming to raise up to $3.15 million to fund exploration and working capital, with key directors and the CEO committing to participate.