Latest Exploration Activities News

ADX Energy has secured a 70% economic interest in Austria’s Anshof Oil Field by acquiring Xstate Resources’ 20% stake, increasing its oil production share and strengthening its strategic position without any cash outlay.

Asra Minerals Limited has launched a substantial options offer linked to a recent $3 million placement, aiming to enhance liquidity and satisfy obligations under the placement. The company plans to list these options on the ASX by the end of June 2025.

Mithril Silver and Gold reports compelling high-grade gold and silver channel sampling results from Target 5 at its Copalquin property in Mexico, highlighting a promising new drill target within a district-scale epithermal system.

Diablo Resources has identified significant high-grade copper and silver mineralisation at its Phoenix Copper Project in the US, setting the stage for its inaugural drilling campaign in Q3 2025.

Scorpion Minerals has completed detailed pre-drilling exploration at its Pharos Gold Project in Western Australia and is poised to begin RC drilling targeting multiple high-grade gold zones along a prolific shear corridor.

Tambourah Metals Ltd has announced a non-renounceable pro-rata entitlement offer to raise approximately $368,000, issuing new shares at $0.02 each with free-attaching options. The capital raise aims to fund exploration projects including Beatty Park Gold and Speewah North.

Koba Resources has announced a non-renounceable entitlement offer to raise approximately $1.14 million, aiming to fund further exploration at its promising Yarramba Uranium Project in South Australia. The offer includes new shares and attaching options, inviting eligible shareholders to participate by late June 2025.

Perpetual Resources is set to commence its first-ever drilling campaign at the Igrejinha Lithium Project in Brazil’s Lithium Valley, targeting high-grade spodumene pegmatites with results expected in July.

Alvo Minerals has announced an accelerated pro-rata entitlement offer to raise approximately $1.56 million, aiming to fund its Palma Cu/Zn Project and other exploration activities in Brazil. The offer includes new shares and free attaching options, presenting shareholders with a discounted opportunity to increase their holdings.

Sultan Resources Ltd has announced a pro rata non-renounceable rights issue to raise approximately $1.16 million, aiming to fund exploration activities and strengthen working capital. The offer opens on June 11 and closes on June 20, 2025.

Infini Resources is set to resume drilling at its Portland Creek Uranium Project in Q3 2025, following promising early indicators and a seasonal pause. The company also advances exploration with new airborne surveys over its Athabasca Basin projects, positioning itself as a leading junior uranium explorer amid rising nuclear energy interest.

Great Western Exploration’s maiden drilling at the Sumo Niobium Target in Western Australia returned no significant mineralisation, prompting a strategic pivot to copper-gold targets with a new gravity survey planned.