CAPITAL MARKETS

Capital Watch: Ironbark, Inca and more

A much quieter week for capital raisings in the junior exploration sector

Staff reporter

This article is 4 years old. Images might not display.

Ironbark Zinc has completed a strongly supported $3 million capital raising in two tranches.

The 2.4c per share placement was lead managed by Morgans, with Everblu Capital as co-manager and Bacchus Capital Advisers as financial advisor.

The funding will allow Ironbark to get to a final investment decision at the Citronen project in Greenland.

Inca Minerals has completed a strategic placement to sophisticated investors to raise $2.8 million at 10c per share.

The funds will be used to advance the Frewena group IOCG project in the Northern Territory.

Gold explorer Alto Metals has received $2.1 million via the conversion of 30 million listed options at 7c each.

The company now has $7.8 million to advance the Sandstone project.

Junior gold producer Beacon Minerals has raised a further $2.18 million from the exercise of options.

It takes the total raised to $13.76 million with a further 370.8 million options remaining on issue.

Golden Mile Resources has raised $800,000 at 5c per share as part of the acquisition of the Yarrambee project.

Every two new shares will come with a free-attaching 10c option.

Finally, gold explorer DiscovEx Resources has closed its $500,000 share purchase plan early after being "inundated" with subscriptions.

The company will scale back applications.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.