Latest Funding News

3D Energi is gearing up to drill up to six exploration wells in the offshore Otway Basin, targeting a massive 9.2 trillion cubic feet of prospective gas resources. The entry of Korea National Oil Corporation into the joint venture adds strategic weight to this pivotal East Coast energy project.

Mantle Minerals has agreed to sell its Mt Roe subsidiary to Northern Star Resources for $13.5 million, freeing up capital to accelerate exploration at its key Yule River and Pardoo projects while pursuing new opportunities.

Bryah Resources has raised $170,000 through a discounted private placement to fund critical environmental and mining studies at its Golden Pike project, underpinning its ongoing exploration ambitions.

Green Critical Minerals has commissioned its first VHD Graphite production module and secured $7 million to drive commercialisation, while its McIntosh Project delivers robust economic metrics.

Iceni Gold’s initial diamond drilling at the Guyer Trend within its 14 Mile Well Project reveals multiple high-grade gold intersections, reinforcing the potential of this concealed gold system and setting the stage for a major follow-up drilling campaign.

Power Minerals Limited has raised A$2.6 million through a share placement to fund critical due diligence and fieldwork at its Santa Anna Niobium and Rare Earth Elements project in Brazil.

Strata Minerals Limited is set to recommence diamond drilling at its Penny South Gold Project in Western Australia, aiming to build on promising initial results. The program, co-funded by the WA government, marks a critical step in advancing exploration with new structural insights expected.

Horizon Oil has reached financial close on a US$21.5 million amended senior debt facility with Macquarie Bank, paving the way for its strategic acquisition in Thailand. The facility enhances funding capacity for existing assets and supports future development plans.

Noronex Limited has contracted a substantial 7,000m Reverse Circulation drilling program at its Humpback Copper Project in Namibia, backed by South32’s earn-in funding. This move aims to unlock new large-scale copper discoveries on promising domal structures within the Kalahari Copper Belt.

Koonenberry Gold has identified a significant new high-grade gold target at its Enmore Gold Project in northeast NSW, revealing a robust soil anomaly and impressive rock chip assays. Drilling is set to begin in late August, underscoring the district’s untapped potential beyond the Sunnyside Prospect.

Vanadium Resources’ subsidiary has inked a binding two-year offtake deal with China Precious Asia for 100,000 tonnes per month of vanadium-rich ore, marking a pivotal step toward production and early cash flow generation.

Mad Paws Holding Limited has agreed to be acquired by US-based Rover Group for $62 million, with shareholders set to receive a significant premium. The deal includes divestment of Mad Paws’ Pet Chemist business and closure of other e-commerce operations.