Latest Exploration Activity News

Nex Metals Explorations has moved closer to finalising a joint project agreement for its Kookynie Tailings Project while navigating leadership changes and securing fresh capital to fund growth.

Yugo Metals Limited progresses its Petrovo exploration project amid promising historical drill results, completing a $0.4 million placement and announcing key board changes.

Australia United Mining reports steady progress at its Sofala gold project and maintenance at Queensland’s Ropewalk mine, while facing a limited cash runway supported by related party loans and share investments.

Miramar Resources has completed a significant aircore drilling program at its Gidji JV Gold Project and secured government co-funding for geophysical surveys at its Bangemall projects, supported by a recent $1.8 million placement.

Beach Energy reported a 9% rise in FY25 production to 19.7 million barrels of oil equivalent and a 13% increase in sales revenue to $2 billion, driven by strong basin performances and the Waitsia LNG project. However, a significant $674 million impairment charge due to lower commodity prices and reserves revision at Beharra Springs tempers the upbeat results.

Golden Horse Minerals reported a solid cash position of A$14.955 million for the June quarter, supported by a recent capital raising and plans for an additional $8.1 million raise pending shareholder approval.

QX Resources reported steady progress in its Queensland gold projects and secured a strategic farm-out for its Pilbara iron ore rights, while stepping back from US lithium ventures amid market softness.

Finder Energy has fast-tracked its Kuda Tasi and Jahal (KTJ) oil field development in Timor-Leste through a strategic alliance with SLB, advancing key engineering design by 12 months and targeting a final investment decision in 2026. The company also strengthened its financial position with a $6 million placement, supporting ongoing exploration and development activities across its diverse portfolio.

Alicanto Minerals is actively assessing new copper, gold, and silver projects while preparing for a key summer field program in Sweden, supported by a solid cash position of $2.64 million.

Pancontinental Energy has upgraded its Saturn Complex prospective oil resources to 4 billion barrels net, supported by new basin modelling and seismic studies. The company is advancing environmental assessments and farmout discussions amid encouraging regional exploration activity.

Basin Energy advances exploration with high-grade uranium and polymetallic mineralisation in North Sweden and expands its footprint in Canada’s Athabasca Basin. New assays and strategic partnerships set the stage for next-phase growth.

HyTerra Ltd reports breakthrough drilling results with hydrogen concentrations up to 96% and helium up to 5% at its Nemaha Project in Kansas, prompting a strategic expansion of its exploration program.