Latest Asx Explorers News

Lithium Plus Minerals has outlined a preliminary A$325 million post-tax NPV for its Lei lithium project, alongside a six-year production target and a 34% resource increase. But the ASX explorer ended September with A$1.054 million cash, estimated funding of just 0.78 quarters and plans for an additional equity raising.

Lightning Minerals has enlarged its exploration targets at Mt Turner and Warby, with drilling and assay results now forming the next major catalysts. But the ASX explorer ended September with A$939,000 in cash, equivalent to about one quarter of funding at current outgoings.

Parbo Resources has completed a 4,737-metre maiden aircore programme at Brians Mill less than six weeks after listing on the ASX. The Western Australian explorer is now awaiting assays while a second 7,500-metre programme advances at Mount Padbury.

TG Metals has advanced its Van Uden gold development and Lake Johnston lithium project, including a high-return heap-leach study and a maiden 6.71Mt lithium resource. But the ASX explorer ended September with A$1.523 million in cash, equivalent to just 1.05 quarters of funding at the reported spending rate.

Tambourah Metals is seeking up to $2.203 million through a non-renounceable one-for-four entitlement offer to fund exploration across its Western Australian portfolio. The offer is not underwritten, and the prospectus warns that further equity may be needed to support the company beyond the short term.

Rimfire Pacific Mining has expanded its NSW scandium inventory and reported preliminary leach results that could support a simpler extraction route. But the ASX explorer ended FY2026 with $583,770 in cash, negative working capital and an auditor-highlighted material uncertainty over its ability to continue as a going concern.

Middle Island Resources has outlined a much larger Serbian exploration portfolio after acquiring Konstantin Resources, with Bobija emerging as a broad shallow gold-silver polymetallic system. But the ASX explorer also reported a $3.35 million loss, $2.39 million in cash and an auditor-flagged material uncertainty over its ability to continue without further capital.

Mamba Exploration has confirmed 165 historical copper intersections across a 3km corridor at its 70%-owned Meeka East project, supporting a new felsic volcanic exploration model. The company plans further mapping, geophysics and drilling, although the historical data is not sufficient to define a mineral resource.

Classic Minerals has engaged AFDC to conduct a strategic review and is raising A$3 million to advance exploration at its Forrestania gold project and support its ASX relisting efforts.

Peel Mining has agreed to sell its South Cobar Copper Project to Aeris Resources in a $214 million transaction, while spinning off its remaining assets into a new ASX-listed company, NewCo. The deal offers Peel shareholders immediate value and ongoing exposure to a diversified metals portfolio.

Flagship Minerals has exited its lithium project in Chile amid market oversupply, redirecting resources to its Pantanillo Gold Project with a significant 1.05 million ounce gold resource estimate.