Latest Project Development News

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.

Fortuna Metals Limited has officially changed its name from Lanthanein Resources Ltd and updated its ASX ticker from 'LNR' to 'FUN', effective 20 August 2025. The company also unveiled a new website and detailed its post-consolidation capital structure.

WA1 Resources has raised A$100 million through a placement to accelerate pre-development and infrastructure work at its Luni Niobium Project, bolstering its cash reserves to A$168 million.

Falcon Metals has reported a spectacular 1.2-meter intercept grading 543 grams per tonne gold at its Blue Moon project, marking a significant milestone in its exploration of the northern Bendigo Goldfield extension. The company’s aggressive drilling campaign and robust financial position set the stage for further discoveries in this historically rich gold province.

Magnetite Mines Limited has announced a pro rata renounceable rights issue to raise up to $2.65 million, aiming to advance its flagship Razorback iron ore project in South Australia. The offer includes free attaching options and is partially underwritten, reflecting the company’s strategic push towards securing funding and completing key project milestones.

Alice Queen Limited has formally lodged a 15-year mining lease application for its Horn Island Gold Project, marking a significant step forward in its decade-long exploration journey and attracting strong partnership interest.

EQ Resources has finalized a US$7.5 million royalty funding agreement with Oaktree Capital Management to support its Barruecopardo tungsten project, while major shareholder Cronimet Asia converts a US$3 million offtake prepayment into equity, strengthening the company’s capital position.

Venus Metals Corporation has updated its Mineral Resource Estimate for the Bellchambers Gold Deposit and Rangeview Prospect near Sandstone, revealing a notable increase in measured resources and securing a mining lease that advances the project towards development.

Laramide Resources has made significant progress in advancing its uranium projects across the US, Australia, and Kazakhstan, highlighted by key permitting milestones under the US FAST-41 framework and a successful $12 million private placement to fund development.

VHM Limited has appointed Andrew King as CEO and Benjamin McCormick as CFO to spearhead the critical next stage of its Goschen Rare Earths Project development, while outgoing CEO Ron Douglas transitions to a non-executive role.

Centaurus Metals has raised $23 million through an institutional placement and share purchase plan to advance its Jaguar Nickel Sulphide Project in Brazil towards a Final Investment Decision in early 2026.

Robex Resources Inc. reported a challenging Q2 2025 with a significant net loss driven by legal settlements and subsidiary dissolution, yet it progresses steadily on its Kiniéro Gold Project with strong backing from its recent ASX IPO and Sprott financing.