Latest Gold And Copper Exploration News

Strickland Metals has ended the September quarter with a 9.25Moz AuEq resource at its Rogozna project, new geophysical targets in Serbia and A$75.7 million in cash and liquid investments. The next test is execution: drilling did not begin, licence approvals remain pending and a new managing director is yet to be appointed.

Waratah Minerals has expanded its Spur Gold Project across multiple targets, led by a 46-metre intercept grading 7.27g/t gold at Consols. The company also completed the Ironclad lease acquisition and ended the quarter with A$44.46 million in cash and listed investments.

Taiton Resources has added a farm-in tenement and applied for more ground at its Challenger West gold-copper project, backed by historical high-grade results. The expansion comes as cash falls to $294,000 and directors and the CFO move to half pay to preserve funds.

Mt Malcolm Mines has reported a strong exploration quarter at Golden Crown, where 24 RC holes produced high-grade shallow gold and extended the interpreted mineralised corridor westward. The next phase brings a sharper funding question, with just $215,000 in cash against an estimated 0.82 quarters of available funding.

Antares Metals ended September with $898,000 in cash and no unused financing facilities, leaving an estimated 1.2 quarters of funding at its quarterly operating burn. A recently completed second placement tranche is intended to support drilling at Quinns and further work at Mt Isa North, but the explorer is also expanding its exploration commitments.

Cullen Resources has extended shallow gold-silver-copper targets at Yardilla and identified a new conductor for drilling at North Tuckabianna. But with $176,000 in cash and an estimated 0.81 quarters of funding, the next exploration steps will likely depend on new financing or asset sales.

CGN Resources has intersected gold at three of four targets during its maiden Christmas Well RC campaign, with Rocky Mountain Oyster producing the strongest result. The exploration momentum comes alongside A$1.274 million in quarter-end cash, equivalent to about 1.54 quarters of funding at the reported spending rate.

Mamba Exploration has begun maiden RC drilling across a large, untested gold corridor at Meeka East, with up to 6,000 metres planned by mid-December. The company is also preparing a 2,000-metre diamond program at Copper Hills, where historical copper intersections still need to be tested for continuity.

Taruga Minerals has promoted director Eric de Mori to Managing Director as its first diamond drilling campaign at Weioko gets underway in Papua New Guinea. The appointment gives him responsibility for exploration execution and project option decisions due before December, alongside a remuneration package that includes up to 60 million incentive options.

Antipa Minerals has returned a 22-metre gold interval grading 8.2 grams per tonne at its Minyari deposit, including 5.1 metres at 27.4 grams per tonne. The latest assays also extend mineralisation at GEO-01, WACA, Rizzo, Tim’s Dome and Chicken Ranch as drilling continues across the project.

SQX Resources has completed a fully underwritten $2.47 million entitlement offer, leaving it with $2.40 million in cash to advance exploration across its US gold portfolio. Red Bird resource work is progressing while Williams assays are expected in the December quarter.

NGX Limited (ASX:NGX) has secured rights to earn up to 85% in a large group of Namibian gold and copper exploration licences while raising A$3.6 million to fund the work. The transaction brings substantial exploration scale, but several licence transfers, renewals and environmental approvals remain outstanding.