Latest Mining Exploration Sector News

Impact Minerals Limited reported a solid cash position of A$3.75 million at quarter-end, supported by a recent equity raise that extends its funding runway to nearly four quarters despite ongoing exploration expenditures.

Aldoro Resources Limited has had its trading suspension lifted immediately following the release of new exploration results and a response to an ASX price query, signaling renewed market activity.

Canterbury Resources Limited has completed a $125,000 capital raise through a private placement of 5 million shares, each accompanied by an option exercisable at $0.05 until the end of 2026.

IMDEX Limited has announced a fully franked ordinary dividend of AUD 0.015 per share, signaling steady shareholder returns for the half-year ending December 2024.

Northern Minerals Limited reported a $7.56 million net cash outflow from operating activities in the December 2024 quarter, offset by $28.5 million raised through borrowings, leaving a healthy cash balance of $35.76 million.

Astron Corporation Limited reported a $1.05 million net cash outflow from operations in Q4 2024 but strengthened its liquidity position with a $14.5 million inflow from financing activities, ending the quarter with $13.48 million in cash.

Miramar Resources Limited (ASX: M2R) has been suspended from ASX quotation following a trading halt due to an undisclosed market-sensitive announcement. The suspension aims to prevent disorderly trading until clarity is provided.