Latest Exploration Activities News

Carawine Resources reports a critical quarter marked by a looming Federal Court hearing on a compulsory acquisition by major shareholder QGold, alongside a $1.7 million loan facility that underpins ongoing operations amid deferred exploration programs.

Corella Resources has finalised its fully underwritten entitlement offer, issuing over 300 million shortfall shares and raising a total of approximately $935,000 before costs.

Argent Minerals reported robust exploration progress in the March 2025 quarter, revealing extensive silver-gold-copper-lead-zinc mineralisation across multiple NSW prospects and exceptional gold grades at Trunkey Creek. The company maintains a solid cash position to advance its projects.

Sayona Mining's March 2025 quarterly report reveals operational setbacks at North American Lithium due to adverse weather and maintenance, yet the company maintains full-year guidance and progresses a transformative merger with Piedmont Lithium.

OZZ Resources reports encouraging progress at its Maguires Reward gold project, underpinned by a scoping study indicating potential positive cash flow, while maintaining steady exploration across multiple Western Australian tenements with $173,000 cash at quarter-end.

Krakatoa Resources has revealed promising extensions of antimony-gold mineralisation at its Zopkhito Project in Georgia, supported by recent geophysical modelling, while securing a drilling grant for its Mt Clere Project in Western Australia.

AuMEGA Metals reported robust progress in Q1 2025, advancing drilling programs, expanding its Bunker Hill project footprint, and appointing a seasoned exploration leader, all while maintaining a strong cash position.

Somerset Minerals Ltd has raised $2.39 million to fund its maiden drilling and surface sampling campaign at the Coppermine copper-silver project in Nunavut, targeting high-grade mineralisation supported by strong geophysical and historical data.

Prospect Resources has declared a maiden JORC-compliant copper resource of 107.2 million tonnes at 0.5% copper at its Mumbezhi Project in Zambia, alongside securing a strategic A$15.2 million investment from First Quantum Minerals. This milestone advances the project towards development with Phase 2 drilling planned for Q2 2025.

Traka Resources has strategically entered Guinea’s prolific Siguiri Basin by securing a 75% earn-in joint venture in the Didi Gold Project, which hosts confirmed high-grade gold mineralisation. The company plans an aggressive multi-stage exploration program backed by an experienced local team.

Ausmon Resources Limited has launched a Share Purchase Plan offering shareholders shares at an 8.6% discount, with potential tax credits for Australian investors. The move aims to strengthen the company’s balance sheet and fund exploration activities.

Diablo Resources has unveiled a high-grade copper discovery at its newly acquired Phoenix Copper Project near the prolific Lisbon Valley Mine in Utah, with initial rock samples returning up to 45.7% copper and 219 g/t silver. The company is advancing exploration with drilling planned for 2025.