Latest Gold And Base Metals Exploration News

Resource Minerals International Ltd has acquired a 50% interest in a Saudi Arabian joint venture, gaining access to the highly prospective Shaib Marqan gold and base metals exploration licence. This move positions RMI to leverage Saudi Arabia’s expanding mining sector under Vision 2030 reforms.

Metal Bank Limited is fast-tracking gold production at its Livingstone project in Western Australia, leveraging near-surface resources and existing processing infrastructure, while advancing copper and critical minerals exploration in Saudi Arabia.

Sunshine Metals has initiated diamond drilling at Liontown North, backed by a Queensland government grant, aiming to validate a new geological fold model that could extend the Liontown gold resource. Concurrent drilling at Sybil and upcoming resource updates promise a busy exploration period.

Mount Hope Mining (MHM) has initiated its maiden drilling campaign targeting gold and base metals in the prolific southern Cobar Basin, aiming to define a JORC resource and accelerate development.

Mantle Minerals has completed the $13.5 million sale of its Mt Roe subsidiary to Northern Star Resources, redirecting funds to advance exploration at Yule River and Pardoo projects.

Nordic Resources has appointed Henrik Grind, a seasoned mining executive with 35 years of experience in Finland and Sweden, as Country Manager to accelerate its gold and nickel-copper projects. This strategic hire coincides with the commencement of a key drill campaign at the Kopsa gold-copper project.

Strickland Metals reports a significant new gold and base metals discovery at its Kotlovi Prospect near the Medenovac deposit, highlighting strong growth potential at the Rogozna Project in Serbia.

Ballymore Resources has raised $4.5 million through a well-supported placement to accelerate exploration and development across its North Queensland projects, including the promising Dittmer gold deposit.

Patronus Resources (ASX – PTN) reveals a robust financial position with $81 million in cash and investments against a $106 million market cap, underpinned by 2.3 million ounces of gold equivalent resources across Western Australia and Northern Territory.

Askari Metals has marked a pivotal quarter with strategic acquisitions in Ethiopia’s gold and copper sectors and advanced polymetallic exploration in Namibia, while securing fresh capital to fuel its African growth ambitions.

Ballymore Resources has reported exceptional high-grade gold intersections at its Dittmer Project, alongside government grants to accelerate exploration and a key mining lease approval recommendation.

West Cobar Metals has completed the acquisition of the Mystique Gold Project in Western Australia and reported a maiden inferred mineral resource at its Bulla Park copper-antimony deposit in New South Wales, while drilling assays from its Fraser Range copper-gold targets are pending.