Graphite developer Walkabout Resources has raised $6.4 million in the first tranche of a staged placement to advance construction of the Lindi Jumbo project in Tanzania.

The institutional offer was priced at 20c per share.

Aitken Murray Capital Partners and Foster Stockbroking were joint lead managers and bookrunners.

The company is planning a rights issue to retail shareholders to raise a further $7.6 million.

New Age Exploration has received firm commitments to raise $3.6 million at 1.8c per share, with every three new shares to come with a free 3c option.

Vert Capital was lead manager, with Candour Advisory and Beer & Co as bookrunners.

The funds will be used to advance the company's Pilbara and New Zealand gold projects.

The shortfall to KGL Resources' recent entitlement offer has been placed, raising $3.64 million.

The shares were placed at 70c each, a 66% premium to the entitlement offer price of 42c.

QX Resources has $1 million in an oversubscribed placement and will seek a further $2 million via a share purchase plan.

Sanlam Private Wealth was lead manager, while Australasian Capital will underwrite the SPP to $600,000.

The proceeds will be used for gold exploration and review of the Anthony molybdenum project.

Papua New Guinea-focused Gold Mountain has secured $2.5 million in funding via a 4c placement.

As well as working capital, the funds will be used to advance the Wabag project.

Toronto-listed International Prospect Ventures is conducting a non-brokered private placement to raise up to C$600,000.

The proceeds for exploration at the company's Wits End project in the Pilbara.

Finally, Athena Resources has placed 6.8 million shares at 3.5c each to Goldway Mega Trade to raise $240,000 for working capital.