Latest Uranium Exploration News

Core Energy Minerals has mobilised its geological team and drilling contractor for a 24-hole campaign at the Barking Gecko uranium prospect in Namibia. The program will test whether historical high-grade mineralisation continues at depth and along strike, but no new assay results or resource estimate has yet been reported.

Neu Horizon Uranium has identified drill targets across all four prospects at its Krokom project in Sweden, including electromagnetic conductors extending more than 5 kilometres. The ASX-listed explorer expects its A$8.6 million cash balance to fund a 5,000 to 6,000 metre maiden drilling campaign from early 2027, subject to approvals.

Cauldron Energy has completed its 10,506-metre Yanrey drilling campaign, extending uranium mineralisation around Manyingee North and South while preparing an updated JORC resource estimate. The exploration progress comes with a tighter funding position, with $2.43 million in cash and less than two quarters of cover on the company’s stated calculation.

Infini Resources has launched its largest exploration campaign at Portland Creek, while maiden Saskatchewan drilling awaits assays and the company reports only 0.43 quarters of funding at current outgoings. The ASX-listed explorer ended September with A$1.897 million in cash after spending A$3.7 million on exploration during the quarter.

QX Resources has defined nine drill-ready targets within a conceptual 18–33 million-pound uranium exploration target at its Madaba project in Tanzania. The next test is execution: environmental approvals and administrative clearances must arrive before the company can begin its maiden modern drilling campaign.

Powerhaus Uranium has moved from ASX debut to field execution, preparing a 4,000-5,000 metre drilling campaign at its Malbec project in Argentina. The explorer ended September with A$7.958 million in cash, but its first field survey produced no significant surface radiometric response and assays are still pending.

Greenvale Energy has expanded its Thunderball uranium pipeline in the Northern Territory, with a 9km paleochannel target, six additional targets and multiple confirmed prospects now advancing towards potential drilling. The company also raised A$3.25 million, although the proposed Pine Creek acquisition remains conditional and several exploration targets are still untested.

DevEx Resources has completed its 2026 Nabarlek drilling campaign after recording uranium-equivalent intersections at Nabarlek North and Big Radon, alongside extensive alteration at KP. The results expand the company’s follow-up pipeline, although laboratory assays and further drilling are still required.

Moab Minerals has secured four additional prospecting licences around its Manyoni uranium project in Tanzania, but ended September with just A$21,000 in cash. Planned testwork and 2027 drilling now depend on a conditional A$350,000 loan, further fundraising and creditor support.

Orpheus Uranium has begun maiden drilling at its Frome Project while expanding its Marree landholding and raising $4.25 million to fund exploration. The quarter ended with $7.45 million in cash and liquid investments, but the company is still awaiting results and several transaction milestones.

Neu Horizon Uranium has defined a more than 2 km electromagnetic conductor at Storvallflon, where five exploration datasets converge on the strongest surface uranium response recorded during its 2026 campaign. The ASX-listed explorer plans 4,000 metres of diamond drilling in the first quarter of 2027, subject to approvals.

Neu Horizon Uranium has completed its first major Swedish uranium exploration campaign since listing, generating more than 12,000 line kilometres of airborne data and preparing a maiden drill programme at Storvallflon. The ASX newcomer ended September with A$8.623 million in cash, while assays and target interpretations remain pending.