Latest Mining Exploration News

Arrow Minerals revealed a previously confidential tenement acquisition following an ASX price query triggered by a sharp rise in its share price. The company attributes the price movement to multiple positive developments rather than the acquisition itself.

MRG Metals has secured $725,000 through a placement and initiated a $750,000 Share Purchase Plan to accelerate development at its ultra high-grade Garies Rare Earth Project in South Africa and exploration in Mozambique.

Impact Minerals (ASX:IPT) has initiated a renounceable pro-rata entitlement offer to raise up to $4.13 million at $0.032 per share, with two free attaching options for every three new shares. The partially underwritten raise aims to fund exploration and development across its key projects including High Purity Alumina.

Western Yilgarn NL secured $440,300 through a Share Purchase Plan, issuing over 14.6 million shares and 7.3 million options, with a shortfall of nearly 2 million shares to be placed at the company's discretion.

Nelson Resources has completed a comprehensive soil sampling program at its Cinnamon Property in Nevada, affirming a high-grade copper-gold discovery at Sheba and prioritising the near-surface tungsten potential at Ophir.

Heavy Rare Earths Limited has updated key dates for its non-renounceable entitlement offer aimed at raising $728,119 before costs, adjusting the ex-date and record date among other milestones.

Cauldron Energy has begun trading on the US OTCQB market, broadening access to American investors without issuing new shares. This move taps into growing US demand for uranium, positioning Cauldron as a potential supplier from its Yanrey Uranium Project.

Infinity Metals has expanded its Swansea copper project area by nearly half, securing full ownership of new claims that extend over 5km of mineralised strike and include historically high-grade copper zones.

Polymetals Resources continues to confirm broad zones of high-grade silver-lead-zinc mineralisation at the Endeavor Mine’s upper Main Lode, with drilling results supporting an initial Mineral Resource estimate targeted for late 2026.

Somerset Minerals closed its entitlement offer raising $429,504 from shareholder subscriptions and secured firm commitments for the remaining $736,000 shortfall. The capital raise aims to support its copper exploration projects with shares and options to be issued by mid-August.

A GWR shareholder has lodged an application with the Takeovers Panel alleging undisclosed control and association issues involving major nominee shareholders, raising potential breaches of the Corporations Act.

Mount Ridley Mines’ first TIMA automated mineralogy study at Grass Patch reveals rare earth elements are locked in discrete phosphate minerals, supporting flotation as a key beneficiation step ahead of leaching and Phase 1 metallurgical testwork.