Latest Exploration Activities News

Alara Resources has successfully closed its entitlement offer, raising AUD 4.95 million through the issuance of over 154 million new shares, exceeding its AUD 3.84 million target and negating the need for partial underwriting.

WA Gold's reconnaissance drilling at Bullabulling reveals promising gold anomalism within key shear zones, setting the stage for targeted deeper RC drilling later this year.

Impact Minerals (ASX:IPT) has initiated a renounceable pro-rata entitlement offer to raise up to $4.13 million at $0.032 per share, with two free attaching options for every three new shares. The partially underwritten raise aims to fund exploration and development across its key projects including High Purity Alumina.

Hamelin Gold has locked in an $8 million placement backed by major shareholders to fast-track drilling at key Western Australian gold projects, including Day Dawn and Venus.

Astral Resources has uncovered significant deep gold mineralisation beyond the current resource at its Mandilla Project, with broad high-grade zones in newly completed diamond drill holes. The expanded drilling program highlights Theia’s growth potential and sets the stage for upcoming feasibility and exploration activities.

Sinclair Gold has locked in a binding earn-in agreement with Medaro Mining, unlocking up to $3.4 million in combined cash, shares, and exploration funding for its Sala silver-zinc-lead project in Sweden. Sinclair retains a net smelter return royalty and focuses on advancing its Mt Henry gold asset.

IMDEX Limited (ASX:IMD) delivered a standout FY26 with 21% revenue growth to $520 million and a 44% jump in net profit to $79 million, driven by organic growth and five key acquisitions. The company raised its dividend and expanded its digital earth science footprint, positioning for further gains.

Nex Metals Explorations and Wangkatja Tjungula Aboriginal Corporation’s joint venture is set to acquire the East Scotia Gold Project, adding a strategically located asset with promising geology and minimal recent exploration to their portfolio.

Kincora Copper has accelerated exploration activities across its Australian portfolio, including partner-funded drilling with AngloGold Ashanti and sole-funded programs at Condobolin, while divesting its Mongolian assets for US$10 million to sharpen focus and strengthen its balance sheet.

Orpheus Uranium has executed a Sale Agreement to acquire seven exploration licences adjacent to its Marree Uranium Project, significantly enlarging its footprint in a uranium-rich region and assuming early operatorship to accelerate drilling preparations.

Cosmo Metals has reported broad gold mineralisation at its Kanowna Gold Project, with new diamond drilling revealing continuous mineralised zones down dip, highlighting a large, underexplored system along the Kanowna Shear.

iTech Minerals has confirmed further significant shallow gold and antimony intersections at its Falchion Prospect in the Northern Territory, reinforcing the potential of the Reynolds Range Project.