Latest Working Capital News

Kinetiko Energy has spudded its third gas production test well at Brakfontein and signed a non-binding term sheet with FFS Refiners to co-develop a pilot LNG plant, backed by a recent $2.2 million capital raise.

Key Petroleum has moved its eight Potential Commercial Area applications into formal government evaluation, aiming to secure long-term tenure in Queensland’s Cooper-Eromanga Basin. Meanwhile, the company raised A$129,000 through an entitlement offer and is exploring international growth opportunities.

Openn Negotiation Ltd has successfully exited voluntary administration following creditor approval of a recapitalisation plan, supported by an interest-free loan from its major shareholder. Despite no substantive business activity this quarter, the company now has over two quarters of funding runway.

Kingfisher Mining has secured a strategic portfolio of copper, gold, silver, lead, and zinc projects across New South Wales, backed by a $1.85 million capital raise to accelerate exploration.

Kingfisher Mining has secured a strategic portfolio of copper-gold and base metal projects across New South Wales, backed by a $1.85 million capital raise to accelerate exploration.

Larvotto Resources has successfully raised $60 million in equity alongside a $105 million bond, fully funding the Hillgrove Antimony-Gold Mine development with production targeted for mid-2026.

Vanadium Resources Limited has raised A$1.2 million through an oversubscribed placement to support its near-term production ambitions and convert outstanding debt into equity, strengthening its balance sheet.

Octava Minerals secures $1.5 million in a placement to fund exploration and due diligence for acquiring the historically promising Federation copper-zinc-silver project in Western Tasmania.

Mithril Silver and Gold Limited has successfully closed a C$11.5 million brokered private placement, positioning the company to advance its Copalquin district project in Mexico while bolstering working capital.

Many Peaks Minerals has reported strong progress in its Côte d’Ivoire gold projects, highlighted by robust drilling results at Ferké and a significant A$13.5 million equity raise to fund further exploration.

Centex Limited and Agriflex Pty Ltd, currently under voluntary administration, have received a Deed of Company Arrangement proposal from PRL Global Limited involving an $8.2 million contribution and a share transfer. Administrators recommend creditors approve the DOCA for better returns and operational continuity.

Corella Resources has successfully raised over $1 million through a Rights Issue and Placement, positioning itself to advance exploration and development at its Tampu Project and other tenements.