Latest Minerals Exploration News

Parabellum Resources Limited reported a net cash outflow of $145,000 from operating activities in the December 2024 quarter, maintaining a solid cash position of $1.63 million. The company continues to invest in exploration while refraining from new financing activities.

Redcastle Resources has kicked off an extensive 8,500-metre drilling program across its Eastern Goldfields projects, supported by a recent $3.7 million capital raise and strategic licence acquisition.

Yari Minerals and Impact Silver have mutually agreed to settle their arbitration claims, ending a legal dispute without admission of liability and with each party bearing its own costs.

Legacy Minerals is ramping up exploration across its NSW portfolio, initiating large-scale geophysical surveys and updating mineral resource estimates, setting the stage for significant drilling campaigns in 2025.

Argosy Minerals Limited reported a net cash outflow in its December 2024 quarter, driven by exploration and evaluation expenses, ending with nearly $6 million in cash reserves.

Barton Gold Holdings reported a $1.74 million net cash outflow from operations in Q4 2024, ending the quarter with $7.01 million in cash and equivalents. The company’s available financing facilities and cash runway suggest cautious optimism for sustaining exploration activities.

Great Western Exploration Limited reported a $191,000 net cash outflow from operations in the December quarter but bolstered its cash reserves to $4.74 million through a $3.6 million capital raise, maintaining a solid financial footing for ongoing exploration.

Sipa Resources has acquired Buru Energy's 50% stake in the Barbwire Terrace Project, gaining 100% ownership and full operational control. The deal includes a 0.6% Net Smelter Return royalty, positioning Sipa to advance exploration of promising zinc-lead-silver targets in Western Australia.

Connected Minerals Ltd has successfully raised $5.1 million to fuel its aggressive uranium exploration in Namibia, reporting impressive high-grade rock chip results that set the stage for maiden drilling in early 2025.

Bubalus Resources has appointed Brendan Borg as Managing Director, positioning the company to accelerate exploration at its Victorian Gold Projects amid a buoyant gold market.

Sierra Nevada Gold's December 2024 quarterly report reveals promising high-grade silver intersections at its Blackhawk Epithermal Project, alongside a successful capital raise and strategic board appointment.

Catalina Resources has made significant strides in its mineral exploration portfolio, acquiring over 650 km² in the Central Yilgarn and reporting promising high-grade gold and rare earth element intersections across multiple projects.