Latest Exploration Activity News

Taiton Resources has issued nearly 1.8 million shares and close to 900,000 options to a sophisticated investor, part of an ongoing placement raising $125,000 so far. Additional shares and options will follow as funds come in.

Gold Mountain Limited has raised $4.5 million from a new institutional investor to accelerate exploration of its rare earth and lithium projects in Brazil.

Iceni Gold has secured a farm-in and joint venture agreement with Gold Fields, unlocking up to $10 million in exploration funding at the Everleigh-Tatong prospect within its 14 Mile Well Gold Project in Western Australia.

Infinity Mining has flagged significant concerns over the historical copper resource estimate at its Cangai Project, prompting a comprehensive revision expected within three months.

Buxton Resources has sold its 49% interest in the Copper Wolf Project joint venture to IGO for nearly AUD 6 million while keeping full ownership of surrounding prime exploration tenements in Arizona.

Askari Metals is deepening government and community partnerships in Ethiopia while advancing operational readiness at its Nejo Gold-Copper Project, positioning for imminent exploration activity.

Macarthur Minerals narrowed its loss to $1.82 million for FY26, bolstered by a major new investor and joint venture at its Lake Giles iron ore project in Western Australia.

DevEx Resources has finalised the acquisition of Alligator Energy’s uranium tenements in the Alligator Rivers Uranium Province, expanding its landholding to about 9,200 km² around the historic Nabarlek Mine.

Nimy Resources (ASX: NIM) responds to ASX query following a sharp share price fall, confirming pending assay results from recent sampling but no undisclosed information explaining the trading.

Karoon Energy has successfully revived production at the Baúna SPS-92 well, lifting total output to 20,500 bopd and revising its 2026 capital expenditure guidance upward. Concurrently, the company plans a third phase of its on-market share buyback, citing undervaluation and disciplined capital allocation.

Buxton Resources has locked in over A$1.1 million from a UK-led placement to fund its upcoming exploration push at the Madman copper-gold project and other assets.

Lunnon Metals has greenlit a $13 million FY2027 exploration budget to aggressively test a conceptual 1.2-2.4 million ounce gold target at its Foster-Baker area within the St Ives gold camp, aiming to drill more metres than in any year over the past six decades.