Latest Resource Funding News

Lowell Resources Fund (ASX – LRT) has announced a 12-month on-market unit buy-back of up to 10% of its units, aiming to boost unitholder returns and capital efficiency without compromising future growth.

Alma Metals has bolstered its Briggs Copper JV Project with a $1.06 million capital raise and an updated resource estimate that now includes silver. The company is progressing a scoping study and preparing for significant drilling to unlock further value.

AuKing Mining Limited has strengthened its financial position with a $5 million loan facility and progressed its strategic Cloncurry Gold Project acquisition, while its Koongie Park JV reports promising scoping study results.

Highfield Resources has entered a significant non-binding agreement with China’s Qinghai Salt Lake Industry for a US$300 million equity injection, aiming to fast-track its Muga potash mine development and expand its global footprint.

Koonenberry Gold Limited reports compelling gold intersections at its Enmore Project, underpinning plans for an extensive follow-up drilling campaign backed by a $5 million capital raise.

Lefroy Exploration has secured a $2.5 million Profit Cash Advance Facility from BML Ventures, fully funding the Lucky Strike Gold Project through to profit-share distributions in early 2026 while avoiding shareholder dilution.

Vigorous Resources has launched an unconditional off-market takeover bid for all shares of Rey Resources Limited at a 155-160% premium, with unanimous board support and major shareholder backing. The offer period runs from 9 July to 11 August 2025.

Lowell Resources Fund updates its estimated FY25 dividend to AUD 0.0274 per unit with a partly franked component, alongside a revised distribution reinvestment plan price at a 10% discount.

Iceni Gold’s latest aircore drilling campaign at the Guyer Trend within its 14 Mile Well Project reveals expanded gold mineralisation and some of the highest-grade intercepts to date, setting the stage for a major follow-up drilling phase.

AuKing Mining has raised $1.177 million through a two-tranche share placement and signed a $5 million convertible loan facility with RiverFort Global Capital to support its Cloncurry Gold Project acquisition and development.

Red Mountain Mining has successfully raised $0.65 million through a heavily oversubscribed placement, enabling accelerated exploration at its Armidale Antimony-Gold Project and other gold assets in Australia and Canada.

Dateline Resources’ Managing Director Stephen Baghdadi has exercised over 53 million options, injecting more than $1 million into the company and increasing his shareholding to nearly 13%. This capital boost aims to accelerate exploration and development at the promising Colosseum Gold and Rare Earth Elements Project in California.