Latest Funding News

Krakatoa Resources secures $3.1 million in a two-tranche placement to fund a major drilling campaign aimed at converting its Zopkhito Antimony-Gold Project’s foreign resource estimate into a JORC-compliant Mineral Resource.

Noronex Limited’s maiden diamond drilling at the Fiesta Copper Project in Namibia has validated multiple copper mineralised zones, setting the stage for a significant upcoming drilling campaign funded by South32.

Verity Resources has completed a rigorous validation of historical drilling data at its Monument Gold Project, confirming high-grade gold zones within a 154,000-ounce inferred resource. Phase one infill drilling at Korong is complete with assays pending, setting the stage for a resource upgrade.

First Au Limited has secured permits and funding to launch a 2,500-metre drilling campaign at its Gimlet Gold Project near Kalgoorlie, aiming to upgrade its 120,000-ounce inferred gold resource and advance feasibility studies.

Ionic Rare Earths has launched a $7 million capital raise through a renounceable rights issue and placement, aiming to accelerate its magnet recycling projects and expand operations internationally.

The Mongolian government has officially endorsed a key highway project under a public-private partnership, aligning with Aspire Mining’s infrastructure plans and significantly de-risking its Ovoot Coking Coal development.

Ora Banda Mining Limited reports a 24% increase in Ore Reserves and a Mineral Resource growth to 2.11 million ounces at its Davyhurst Gold Project, setting the stage for an ambitious $73 million exploration program in FY26.

Askari Metals has agreed to sell its Australian gold assets to Forrestania Resources for A$700,000, enabling a strategic pivot towards its promising African exploration projects.

Hamelin Gold reports encouraging shallow gold mineralisation at its Fremlins South prospect in Western Australia’s West Tanami, with ongoing drilling programs expanding exploration across multiple targets.

icetana Limited reveals delays and payment uncertainties in its Baghdad Safe City project, raising questions about revenue timing and project execution.

Leo Lithium announces it will return remaining funds from the Goulamina sale to shareholders and delist from the ASX on 22 September 2025, following a strategic review and lack of suitable acquisitions.

Enova Mining has narrowed its half-year loss to $1.07 million while progressing key rare earth and lithium projects in Brazil and Australia, supported by recent capital raises totaling $2.35 million.