Latest Gold Exploration News

Bulletin Resources has expanded gold targets at Lake Rebecca, with soil sampling and geophysics defining new anomalies ahead of possible first-pass RC drilling. The explorer ended September with $11.63 million in cash and listed investments, although its stake in troubled Matsa Resources adds a separate layer of uncertainty.

Ragnar Metals has identified at least five interpreted open gold shoots at its Harnäs project in Sweden, including a 13.6 g/t Au interval. The exploration upside arrives alongside just A$87,000 in cash and a stated 0.16 quarters of funding, leaving the company reliant on fresh funding or liquid investments.

Kalgoorlie Gold Mining has reported its strongest Lighthorse drilling results to date, including assays of 19.70 g/t and 16.50 g/t gold, while extending mineralisation beyond the existing Pinjin resource. The September quarter also brought a A$3.4 million capital raising, new exploration targets and a clearer funding runway for follow-up work.

Skylark Minerals has more than tripled the Inferred Resource at its Zaranou Gold Project to 1.20 million ounces and agreed to lift its ownership to 90% for US$1.2 million. The stronger project position arrives alongside A$2.3 million in cash and a disclosed 0.9-quarter funding runway, with a proposed capital raising now central to the next drilling campaign.

Torque Metals has reported a 351,000-ounce Mineral Resource Estimate for its Ritz Gold Project, alongside a string of high-grade drilling results including 11 metres at 456 grams per tonne gold. An A$25 million institutional placement completed after quarter-end gives the explorer funding to pursue further growth, but the resource remains partly based on older estimates and the million-ounce ambition is explicitly aspirational.

Auravelle Metals has extended the anomalous gold trend at Nuckulla Hill beyond 3km, with aircore intersections reaching 10m at 1.4g/t gold. But the explorer ended September with $1.3 million cash and estimates only 1.9 quarters of funding, leaving further capital raising firmly in the frame.

Albion Resources has extended the interpreted mineralised trend at its Gidgee Gold Project to about 600 metres after an early aircore result, while expanding its tenure and securing A$1.8 million for further exploration. The evidence remains early-stage, with continuity, depth and economic significance yet to be established.

Challenger Gold has reset its Hualilan strategy around a larger integrated mine after ending the Casposo toll-milling campaign, while new debt funding extends the project’s runway. The company is targeting early 2029 production, but only A$25.8 million was held in cash at quarter-end and part of the proposed financing remains conditional.

Famien Resources has completed the sale of its non-core West Yilgarn assets to Voltaic Strategic Resources, clearing another Australian portfolio item from its strategy. The deal could deliver up to $2 million in deferred cash if Voltaic establishes qualifying gold resources at Rocky Ridge.

MB Gold has finished its latest Marble Bar drilling campaign with assays pending, while a geophysical survey has opened several deeper targets across the project. The explorer ended September with $4.84 million in cash after spending $1.19 million on exploration during the quarter.

Strata Minerals has identified multiple untested structural trends across its Zelica Gold Project after interpreting high-resolution airborne magnetic data. The targets extend beyond a maiden 42,000-ounce resource, but still require geochemistry and drilling to determine whether they host additional gold.

Dundas Minerals has drilled 5,180 metres across three Kalgoorlie gold projects and extended interpreted Rockland mineralisation to about 170 metres below surface. A post-quarter-end $2.88 million placement gives the explorer additional funding, although its September cash balance covered only 1.75 quarters of estimated outgoings before the raise.