Latest Exploration Activity News

Lincoln Minerals Limited has announced a supplementary prospectus to raise an additional $750,000 through a Follow-on Placement, responding to strong investor demand beyond its initial entitlement offer.

Bubalus Resources has identified promising high-grade gold targets at its Wilson’s Hill Project near Bendigo, Victoria, revealing structural similarities to the prolific Bendigo Goldfield and bonanza-grade mineralisation at depth.

DY6 Metals has confirmed high-grade saprolite-hosted rutile mineralisation at its Central Rutile Project in Cameroon, with assays revealing grades up to 2.1% rutile over 1m. The findings extend over a 41km strike length, highlighting the project's significant exploration potential.

Middle Island Resources is set to transform into a global copper-gold explorer through its acquisition of Serbian company Konstantin Resources, expanding its footprint across two continents with over 9,000 km² of highly prospective land.

Rimfire Pacific Mining has identified three promising base metal drill targets near Broken Hill, expanding its exploration focus beyond cobalt. The company is exploring commercial options to unlock value from these discoveries amid a regional mining resurgence.

Middle Island Resources Limited (ASX, MDI) is set to acquire Konstantin Resources Ltd, unlocking a 620 km² copper-gold exploration portfolio in Serbia’s prolific Western Tethyan Belt, supported by a $3.4 million placement to accelerate exploration.

iTech Minerals has successfully raised $2 million through a placement and plans a $1 million Share Purchase Plan to fund exploration at its Reynolds Range Project, targeting high-grade antimony and gold.

Enova Mining has completed its first systematic geochemical sampling at the Santo Antônio do Jacinto project in Brazil, marking a significant step in exploring rare earth elements in a promising greenfield area. Assay results are expected by the end of September, setting the stage for targeted follow-up exploration.

Cobre Limited has struck a strategic deal with Sinomine International Exploration, securing up to A$3 million in funding and an option for Sinomine to acquire a 70% interest in the Okavango Copper Project in Botswana.

West Coast Silver Limited has launched an intensified exploration campaign at its Elizabeth Hill Silver Project following impressive initial drilling results, aiming to expand and quantify near-surface and deeper silver mineralisation.

Prospech Limited has announced a pro-rata renounceable entitlement offer aiming to raise up to $1.62 million to fund metallurgical testing and exploration at its Korsnäs rare earth elements project in Finland. The offer is partially underwritten and includes attaching options, reflecting the company’s ongoing development efforts and funding needs.

Prospech Limited has announced a 2-for-7 renounceable rights issue to raise up to $1.6 million, featuring attaching options exercisable at 4 cents. Directors are backing the raise, which will fund rare earth metallurgical work and exploration in Finland and Slovakia.