Latest Gold Exploration And Development News

Rox Resources has successfully raised $36 million through the first tranche of its $40 million placement, with the second tranche pending shareholder approval. This capital injection aims to support its gold exploration projects in Western Australia.

Rox Resources has raised A$40 million through a strongly supported institutional placement to accelerate early development works at its high-grade Youanmi Gold Project, significantly de-risking the pathway to production.

High-Tech Metals Limited has executed a binding agreement to acquire key gold assets in Western Australia’s Northern Goldfields, underpinning a major 15,000-metre drilling campaign and a $3.5 million capital raise to accelerate exploration and development.

De Grey Mining Ltd proposes a scheme of arrangement for acquisition by Northern Star Resources Ltd, offering a 37.1% premium and resulting in a 20% stake for De Grey shareholders in the merged group. The scheme booklet, including an Independent Expert's Report by KPMG, concludes the scheme is fair and reasonable and in the best interests of De Grey shareholders, subject to no superior proposal.

Patronus Resources has initiated an on-market takeover offer for Matsa Resources at $0.045 per share, representing a significant premium and aiming to consolidate its position in gold exploration.

Aurum Resources reports a maiden 1.6 million ounce gold resource at its Boundiali project in Côte d'Ivoire, alongside ongoing high-grade drilling success and a strategic merger with Mako Gold Limited.

Redivium Limited has completed the sale of its Forrestania Project to Viridian Capital for $400,000, while Classic Minerals maintains an 80% beneficial interest in the gold rights through an ongoing joint venture.

Accelerate Resources Ltd has launched a new gold-focused strategy with the acquisition of a 70% interest in the Kanowna East Gold Project, located near major gold mines in Western Australia. The move positions the company to leverage significant historical gold intercepts and nearby processing infrastructure.