Latest Mining Exploration News

Rimfire Pacific Mining clarifies its recent capital raising progress, confirming receipt of nearly $3 million and the issuance of 199 million shares, with a further tranche pending shareholder approval.

Sierra Nevada Gold (ASX – SNX) has qualified to bid for exploration licenses in Saudi Arabia’s Arabian Shield, leveraging its regional expertise to tap into a promising new frontier aligned with the Kingdom’s Vision 2030.

Canterbury Resources has announced a non-underwritten Share Purchase Plan aiming to raise approximately $0.75 million at a 9.1% discount to recent trading prices, supporting exploration and working capital needs.

Mount Ridley Mines Limited has announced a pro-rata entitlement offer to raise up to $596,842, accompanied by free attaching options, alongside a $234,000 placement aimed at funding key exploration projects and working capital.

Kaili Resources Limited has resumed trading on the ASX following a suspension triggered by regulatory queries. The company’s prompt response to ASX concerns has cleared the way for its securities to re-enter the market.

Orezone Gold Corporation reveals promising high-grade drill results beneath existing pits at its Bomboré Gold Mine, highlighting potential for significant resource expansion and production increase.

Orbminco Limited is proposing a 20 – 1 consolidation of its issued shares to streamline its capital structure and broaden investor appeal, with shareholder approval sought in September.

Star Minerals Limited addresses a sharp rise in its share price and trading volume, attributing the movement to pending assay results from recent drilling activities. The company confirms compliance with ASX disclosure rules while preparing to release interpreted data.

Hammer Metals has launched a targeted drilling campaign at its Bronzewing South project in Western Australia, aiming to unlock high-grade gold mineralisation adjacent to a major historic mine. The program focuses on previously underexplored zones with promising historical intercepts, potentially setting the stage for significant resource growth.

Truscott Mining Corporation has confirmed a $577,890 capital raise through a rights issue, explaining its exploration expenditure and operational status amid a drilling hiatus since late 2022. The company underscores its commitment to long-term project development and compliance with ASX listing requirements.

Orbminco Limited reports promising new geophysical survey results at its Bronze Fox Project in Mongolia while navigating a significant tax dispute currently under appeal.

Metal Bank Limited has announced its withdrawal from exploration activities in Jordan, citing geopolitical instability and financial guarantees demanded by local authorities as key reasons.