Latest Electromagnetic Surveys News

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.

Turnstone Resources has completed portfolio-wide magnetic surveys in Sweden and begun reviewing strategic options for its German potash assets, while its September cash balance covered less than one quarter of reported outgoings. The ASX-listed explorer also secured A$1.1 million in placement commitments and expects lower corporate costs ahead.

Pilbara Gold’s latest drilling has extended broad gold mineralisation as much as 200 metres below parts of its 2.1Moz Mt York resource, strengthening the case for an updated estimate ahead of a prefeasibility study. Roe Hills has also produced wide, high-grade hits, but both growth stories still depend on further drilling, assays and resource modelling.

SQX Resources has completed a fully underwritten $2.47 million entitlement offer, leaving it with $2.40 million in cash to advance exploration across its US gold portfolio. Red Bird resource work is progressing while Williams assays are expected in the December quarter.

Great Western Exploration has identified zinc-silver-lead mineralisation on the interpreted outer edge of a potential VHMS system at Seymour, near DeGrussa. The company is accelerating permitting for follow-up drilling, although its A$2.35 million cash balance covers an estimated 2.33 quarters at the reported spending rate.

Nimy Resources has identified a third major gold-in-soil anomaly along its 16km Corporate James Trend, while maiden drilling and ground EM surveys move ahead at the Mons Project. Early Block 3 testwork also returned 84% gallium and up to 95% rare earth extraction, although the work remains at an early technical stage.

Kuniko has completed its 2026 drilling campaign at the Commonwealth-Silica Hill project, extending the interpreted Silica Hill mineralised system by about 100 metres and securing 51% ownership ahead of schedule. The exploration progress comes with a funding constraint: the company reported A$1.43 million in cash and 1.43 quarters of available funding at September-end.

Sandfire Resources has extended high-grade polymetallic sulphide mineralisation at its La Juliana prospect in Spain, with drilling confirming 160 metres of strike and electromagnetic surveys indicating potential for at least 350 metres. The exploration result arrived alongside a steady first-quarter operating performance, with FY27 guidance retained.

New Frontier Minerals has strengthened its exploration case at Mt Storm, where surface samples returned up to 6.88% copper, while advancing targets at Eldorado and Harts Range. The sharper investor question is funding: the company ended September with 1.9 quarters of estimated cash coverage and is monitoring options to raise capital.

Bubalus Resources will acquire the 494-square-kilometre Skyline copper-gold project in western Tasmania, close to the Mt Lyell mine, in a deal that could reshape its exploration portfolio. Completion depends on an approximately A$2.835 million capital raising, approvals and tenure conditions.

Anax Metals has moved its Whim Creek copper-zinc project deeper into engineering and financing work, while Mons Cupri’s Mineral Resource rises 24% to 6.32 million tonnes. The company is still targeting a fourth-quarter Final Investment Decision, but funding remains non-binding and the larger resource has yet to enter the project’s Ore Reserve or financial forecasts.

Avira Resources has completed its 4,234-metre Mt Cattlin drilling campaign, with assays still pending from first-pass holes at the historically high-grade Sirdar and Ellendale prospects. The exploration momentum comes alongside $860,000 in cash and an estimated 1.45 quarters of funding.