Latest Mining Exploration News

Pacgold Limited has agreed to acquire the White Dam Gold Operation in South Australia, unlocking near-term gold production and cash flow with minimal upfront capital. The acquisition complements its Queensland projects and sets the stage for growth.

Emerald Resources' Okvau Gold Mine production dipped in Q1 due to heavy rains, yet the company holds firm on its FY2026 output targets and ambitious expansion plans.

Aguia Resources Limited has announced a non-renounceable entitlement issue to raise up to $4 million, offering new shares at 2.7 cents each alongside free options exercisable at 3.5 cents. The capital raise aims to fund key exploration projects in Brazil and Colombia.

Summit Minerals Limited has announced a fully underwritten entitlement offer to raise approximately $1.08 million, aimed at advancing its Brazilian exploration projects and funding potential acquisitions. The offer, priced at $0.03 per share, is open to Australian and New Zealand shareholders and is expected to dilute non-participating shareholders by about 25%.

Magnum Mining & Exploration Limited is set to begin auger drilling on its Azimuth 125 Rare Earth Elements project in Brazil, targeting 19 high-priority ionic clay REE areas identified through radiometric and geological analysis.

Altamin Limited has extended the closing date for its retail entitlement offer to 15 October 2025, aiming to raise up to AUD 6.46 million to support its mining projects.

Magnum Mining & Exploration reports exceptional rare earth element recoveries from early leach tests at its Palmares REE Project in Brazil, highlighting strong potential for high-value magnet materials and a tier-one discovery.

American Uranium Limited confirms the start of phase one resource drilling at its Lo Herma uranium project in the U.S. this October, aiming to grow its mineral resource and support a 2026 scoping study update.

QMines Limited has announced a fully underwritten $1.5 million Share Purchase Plan for existing shareholders, complementing a recent $7.5 million placement to fund exploration at its Mt Mackenzie gold and silver project.

Saturn Metals has raised $45 million through a share placement to accelerate exploration and development at its Apollo Hill Gold Project in Western Australia, aiming for key feasibility milestones by 2026.

Rumble Resources has successfully completed a non-renounceable entitlement offer, raising nearly A$2 million despite a modest 39% take-up on entitlements and a significant scale-back on shortfall applications.

Lord Resources has completed a $814,000 placement by issuing 22 million shares, reinforcing its funding position as it advances exploration at the Ilgarari Copper Project in Western Australia.