Latest Funding News

Western Mines Group advances deep diamond drilling and a high-powered electromagnetic survey at its Mulga Tank project, leveraging co-funded grants to target high-grade nickel sulphide deposits.

Whitefield Income Limited has successfully completed a $52.9 million placement to wholesale investors, issuing over 40 million new shares amid strong demand. The capital raise leverages the company’s full placement capacity without requiring shareholder approval.

E79 Gold Mines is poised to complete its acquisition of the Cue Gold Project after uncovering multiple high-grade historical gold drill results, including an exceptional 91 grams per tonne assay. The company plans an extensive ground gravity survey to refine targets and accelerate exploration in 2026.

Lion Rock Minerals has kicked off a large-scale infill drilling program at its Minta Est project in Cameroon, focusing on high-value minerals including rutile, zircon, and rare-earth elements monazite and xenotime. This move builds on recent discoveries and a strategic partnership with Tronox Holdings.

Noronex Limited’s initial drilling at the Powerline Copper Project in Namibia reveals a promising copper-silver mineralised horizon, validating its geological model and prompting further exploration.

Sarytogan Graphite Limited has raised $1.8 million through a placement to fund its Definitive Feasibility Study and advance key project development activities at its strategic graphite deposit in Kazakhstan.

Nimy Resources has partnered with CSIRO under the Kick-Start program to advance gallium exploration at its Mons Project in Western Australia, leveraging cutting-edge machine learning and scientific expertise.

88 Energy Limited updates on its Alaska-based Project Phoenix, announcing a fully funded horizontal well and extended flow test scheduled for Q3 2026, backed by joint venture partner Burgundy Xploration LLC. The project is positioned for first production as early as 2027 amid a resurgence in North Slope activity.

Infini Resources is approaching completion of its Phase 2 drilling at Portland Creek, revealing promising signs of a district-scale polymetallic uranium system, with assay results expected later this quarter.

Delorean Corporation has teamed up with Paper Australia (Opal) to explore a renewable energy project at the Maryvale Paper Mill, aiming to convert organic waste into green gas and electricity through anaerobic digestion.

Mammoth Minerals has identified a major new 5.5km by 4.2km intrusive complex at its Excelsior Gold Project in Nevada, drawing parallels to the prolific 4.2Moz Goldfield Caldera. Concurrent surveys at its Skyline Project in Canada bolster its base metals exploration pipeline, while plans for a strategic spinout are underway.

Audeara Limited has secured a $1.22 million R&D tax incentive refund for FY25, strengthening its financial position by repaying debt and retaining non-dilutive funding to fuel ongoing product development.