Latest Gold Exploration And Development News

Horizon Gold has successfully closed its $7 million entitlement offer with an 86% take-up, raising nearly $6 million and planning to place the remaining shortfall shares soon.

Forrestania Resources has signed a binding agreement to acquire North Iron Cap Pty Ltd, securing a JORC-compliant gold resource of approximately 106,000 ounces at the North Ironcap project. This acquisition strengthens Forrestania’s foothold in Western Australia’s prolific gold belt.

TG Metals Limited has raised $2.6 million through a placement to accelerate exploration and development at its Van Gold Uden deposit and Gold City prospect in Western Australia.

WIN Metals Ltd has significantly expanded its Butchers Creek gold resource, boosting indicated ounces by 86% and advancing the project towards economic evaluation. Concurrent exploration successes and strategic asset sales underpin the company’s focused growth strategy.

Orbminco Limited has acquired the Majestic North Gold Project in Western Australia for $3.4 million plus royalties, unlocking near-term mining potential and significant exploration upside. Drilling programs are already in progress to validate and expand the resource.

Asra Minerals plans to rename itself GoldArc Resources and consolidate its shares on a 10-for-1 basis, aligning its corporate identity with a focused gold exploration strategy in Western Australia’s Eastern Goldfields.

Brightstar Resources has agreed to acquire Aurumin Limited in a $60 million scheme deal, offering Aurumin shareholders a premium and securing $50 million in fresh capital to fast-track development of the Sandstone gold district in Western Australia.

Wia Gold Limited has significantly upgraded its Kokoseb Gold Project resource to 2.93 million ounces, advancing steadily toward a Definitive Feasibility Study targeted for late 2026. The company’s accelerated drilling and strong high-grade results underpin its ambition to become Namibia’s fourth commercial gold mine.

Brightstar Resources and Aurumin Limited have entered live merger discussions to consolidate their tenement holdings in Western Australia's Central Sandstone region, aiming to create a major gold development opportunity with a combined resource of approximately 2.4 million ounces.

Neometals Ltd has released its first JORC-compliant Mineral Resource Estimate for the Ironclad deposit within its 100% owned Barrambie Gold Project, confirming an inferred resource of 13,000 ounces of gold. This milestone validates historic data and sets the stage for near-surface mining development.

The Australian Taxation Office has issued a binding ruling clarifying the tax treatment for De Grey Mining shareholders following Northern Star Resources’ acquisition. The ruling confirms capital gains tax deferral options for eligible investors.

FireFly Metals has filed a final prospectus for a C$25.7 million bought deal offering as part of a broader A$71 million equity raise to advance its high-grade copper-gold projects in Canada. The capital raise includes institutional placements, a charity flow-through placement, and a share purchase plan.