Latest Australian Exploration Portfolio News

Nex Metals has assembled a potential 3,021 km² Western Australian exploration portfolio through its WTAC joint venture, while preliminary Kookynie test work lifted laboratory gold recovery to 71%. The expansion comes with important conditions: most tenure remains pending, and the processing case still requires further technical and economic work.

Tambourah Metals is seeking up to $2.2 million through a one-for-four non-renounceable entitlement offer to fund exploration across its gold and critical minerals portfolio. The raise also offers investors free options, while full participation would expand shares on issue by about 25%.

West Cobar Metals ended FY2026 with more cash but a larger loss and an auditor-highlighted material uncertainty over its ability to continue without further funding. Exploration advanced across Salazar and Cobar West, but the company remains dependent on equity markets to keep its programmes moving.

MetalsGrove Mining has expanded its Côte d’Ivoire gold footprint and begun a 10,000-metre auger campaign, but its FY2026 annual report carries a material going-concern uncertainty. The company ended the year with $1.97 million in cash after raising $2.70 million, while exploration commitments due within 12 months total $1.09 million.

Narryer Metals has advanced its Australian critical-minerals portfolio and agreed to acquire the Redhill Copper Project, but its FY2026 accounts flag a material uncertainty over continued funding. The company ended the year with A$1.36 million in cash after a A$1.32 million loss attributable to shareholders.

Famien Resources has used the year to pivot decisively from Australian exploration towards a 3,700km² gold portfolio in Côte d’Ivoire, backed by A$15.2 million in placements and A$13.1 million in cash. Early drilling has produced several high-grade intercepts, but the company remains loss-making and has yet to declare a mineral resource.

Novo Resources Corp bolsters its Australian gold and copper exploration pipeline with a maiden inferred resource at Belltopper and strategic gains at Egina following Northern Star’s JV exit.

CZR Resources Ltd (ASX:CZR) has launched an all-scrip off-market takeover bid for Zuleika Gold Limited (ASX:ZAG), offering 0.1742 CZR shares per Zuleika share, valuing Zuleika at approximately $44.8 million and representing a premium of over 40% to recent prices.

Aurora Energy Metals progresses the Aurora Uranium Project with a major drill program imminent under Eagle Nuclear Energy, while broadening its Western Australian footprint with new exploration licences at Mukinbudin.

Novo Resources has validated a significant hydrothermal system at its Wyloo Polymetallic Project through maiden drilling and identified new IOCG-style targets at Toolunga, broadening its exploration pipeline in Western Australia.

Kincora Copper has sealed definitive agreements to divest its Mongolian subsidiaries for US$10 million, marking a strategic pivot to focus on its Australian gold-copper projects.

Infinity Metals has secured a two-year exclusive option to acquire 100% of the high-grade Swansea copper mine in Arizona and raised A$2.25 million via a discounted placement to fund exploration and acquisition costs.