Danakali expands Australian exploration footprint as 2025 cash balance tops $25 million

In a recent media announcement, Australian mining company Danakali said it secured a series of new exploration licenses in Western Australia and ended the December 2025 quarter with a strong cash position, as the mineral explorer continues to broaden its geographic footprint while maintaining financial flexibility.

Danakali reported consolidated cash of $25.5 million as of Dec. 31, supplemented by $3.5 million in liquid investment-grade bonds. Net operating cash outflows for the quarter totaled about $733,000, reflecting corporate and exploration-related costs, while no new shares were issued during the period.

The Perth-based company was granted nine exploration licenses across the Yalgoo and Peak Hill mineral fields, two prospective regions within the Yilgarn Craton, one of Australia’s most established mining provinces. The tenements cover areas associated with greenstone belts and mafic–ultramafic intrusions that have historically shown gold, nickel, copper, and rare earth anomalies, according to the company’s quarterly report.

Beyond Australia, Danakali said it continued to assess new opportunities in Saudi Arabia, including site visits conducted with its joint venture partner, Masadar Al-Zamarda for Mining. The company said it identified a prospective area suitable for a license application outside the Kingdom’s formal public auction process.

In Eritrea, Danakali reported ongoing engagement with government ministries regarding its Ela Gedel exploration application, with Executive Chairman Seamus Cornelius scheduled to visit the country in early February to discuss progress.