Latest Exploration Activity News

Asra Minerals has completed a major drilling campaign at its Leonora South Gold Project and secured $3 million in fresh capital to fast-track exploration, alongside key leadership appointments and strategic asset realignments.

Cannindah Resources has completed its initial 2025 drilling program at Mt Cannindah, revealing promising extensions to its copper-gold breccia resource and identifying new porphyry targets that could significantly increase the project’s scale.

Rincon Resources Limited advances its Western Australian exploration portfolio with a maiden resource at South Telfer and a strategic option agreement for the Crackerbox Gold project, setting the stage for upcoming drilling campaigns.

Macarthur Minerals Limited reported a net cash outflow in operating activities for Q2 2025 but plans to shore up liquidity with a nearly $2 million rights issue expected to close in August.

Lucapa Diamond Company reports a remarkable 104% increase in diamond carats recovered at its Lulo Alluvial Mine in Q2 2025, alongside a 9% rise in its inferred diamond resource, signaling robust operational momentum despite administration status.

Triton Minerals pushes forward with its Aucu Copper/Gold Project after securing exploration licenses, while navigating a protracted $8.5 million legal dispute over its Mozambique Graphite Assets sale and implementing austerity measures to safeguard cash.

Cokal Limited has secured a strategic US$15 million debt facility to support infrastructure and coal production at its Indonesian BBM mine, while cautiously navigating weak market conditions with minimal production and resumed domestic shipments.

Pioneer Lithium advances uranium exploration with promising high-grade assays at Skull Creek, while pausing lithium activities amid market downturn. A recent $320,000 capital raise supports ongoing uranium projects in the US and Namibia.

West Cobar Metals has completed the acquisition of the Mystique Gold Project in Western Australia and reported a maiden inferred mineral resource at its Bulla Park copper-antimony deposit in New South Wales, while drilling assays from its Fraser Range copper-gold targets are pending.

Quantum Graphite Limited has made significant strides in developing its Eyre Peninsula Graphite Hub, progressing detailed planning with government stakeholders and attracting new financiers for its Uley 2 project. Exploration and purification testwork updates promise to refine its resource and product quality outlook.

Kore Potash has signed non-binding term sheets for a $2.2 billion financing package to develop its Kola Potash Project, marking a significant step toward construction. The company also progressed environmental assessments and strengthened government relations during Q2 2025.

Ragnar Metals reported a cash outflow for the June quarter, leaving just over one quarter of funding available, yet it remains optimistic about upcoming royalty income and future financing.