Latest Mining Exploration News

Adavale Resources has updated its prospectus to reflect a $3.1 million capital raise through share placements and director participation, reinforcing its funding position amid ongoing exploration efforts.

True North Copper has reported breakthrough drilling results at Wallace North, revealing a new high-grade copper-gold shoot and confirming extensive mineralisation beyond known boundaries. Simultaneously, its Mt Oxide project’s Phase 1 drilling validates a large-scale copper-cobalt-silver system, setting the stage for accelerated exploration.

Mount Ridley Mines has completed its recent entitlement offer, raising $190,910 but leaving a significant shortfall of shares unsubscribed. The company now faces decisions on how to manage the remaining 202 million shares.

Ballymore Resources reports standout high-grade gold, silver, and copper results from its latest drilling at the Dittmer Gold Project, reinforcing confidence in the Duffer Lode’s continuity and prompting plans to extend underground exploration.

Eclipse Metals has launched a significant drilling campaign in Greenland, targeting rare earth elements at its Ivigtût and Grønnedal sites amid rising global demand for critical minerals.

Rumble Resources Limited has launched a $2 million non-renounceable entitlement offer following a $7 million placement, aiming to fund exploration and development activities at its Western Queen Gold Project. The offer opens on 16 September and closes on 26 September 2025.

The Takeovers Panel has declined to declare unacceptable circumstances in Bryah Resources' shareholder dispute but has referred key issues to ASIC for further investigation.

PolarX Limited has completed a $5.09 million share placement, issuing over 339 million shares at 1.5 cents each under its ASX Listing Rule 7.1 capacity. The move strengthens the company’s capital base without the need for a formal disclosure document.

A shareholder has lodged a formal application with the Takeovers Panel challenging Emu NL’s recent entitlement offer and associated loan facility, raising concerns over board control and transparency ahead of a critical EGM.

Bubalus Resources is set to begin a 1,000-metre diamond drilling program at its Crosbie North project, targeting promising gold and antimony anomalies analogous to the nearby Fosterville mine.

Flynn Gold Limited has announced a renounceable pro-rata rights issue to raise up to $3 million, partially underwritten by Mahe Capital, to fund exploration drilling across its Tasmanian projects.

Adavale Resources has launched an offer of over 82 million new options following recent placements that raised approximately $3.1 million. These options, exercisable at $0.035 each, aim to reward investors, directors, and the lead manager while potentially raising further capital.