Latest Australian Exploration News

Enterprise Metals Ltd has progressed its Western Australian exploration projects with heritage surveys completed and drilling scheduled, supported by a government grant covering nearly half the planned budget.

Genesis Resources has completed its acquisition of full ownership of the Plavica JV in North Macedonia and is progressing environmental studies and exploration planning for multiple Australian tenements ahead of 2025 drilling campaigns.

Galan Lithium has locked in a binding funding and offtake agreement with Authium Limited for its Hombre Muerto West project, significantly reducing capital and operating costs. The company raised approximately A$13 million via placement and plans further shareholder funding, aiming for lithium chloride production in H1 2026.

Traka Resources has made a strategic leap into West Africa with a joint venture on the Didi Gold Project in Guinea, positioning itself near AngloGold Ashanti’s prolific Siguiri Mine. The company plans targeted drilling next quarter while maintaining its Australian exploration assets.

Taruga Minerals reports progress on multiple Western Australian exploration licences, highlights promising high-grade rock chip results at Thowagee, and maintains a robust cash balance of $1.8 million as it navigates regulatory challenges in South Australia.

Connected Minerals Ltd has advanced its uranium exploration in Namibia with impressive trench sampling results and commenced a significant drilling campaign, while also initiating base metal exploration in Western Australia.

Thor Energy has completed its acquisition of an 80.2% interest in Go Exploration, gaining access to prime hydrogen and helium exploration licenses in South Australia and significantly expanding its clean energy portfolio.

Moho Resources has agreed to sell its Empress Springs Project in Western Queensland for $1.258 million, including deferred payments and a retained royalty, as it refocuses its portfolio.

Novo Resources has significantly expanded its Australian exploration footprint through three new high-potential farm-in and joint venture agreements, while maintaining a robust financial position with A$12.1 million in cash and A$43.8 million in investments.

Whitebark Energy Limited has announced an off-market takeover offer to acquire all shares and options in King Energy Limited, with unanimous support from King’s board. The offer aims to create a diversified Australian energy company with enhanced market presence and operational synergies.

Indiana Resources Limited reports significant high-grade gold intersections at its Minos deposit in South Australia, alongside a robust cash position and strategic leadership appointment.

Fin Resources Limited reports steady progress in lithium and uranium exploration across its Canadian and Australian projects, while managing a lean cash position and evaluating funding options.