Latest Exploration Activity News

Alkane Resources capped FY26 with record production of 168,337 gold equivalent ounces and $174 million in quarterly cash flow, announcing a maiden fully franked dividend and setting robust FY27 guidance.

AuKing Mining has rapidly advanced its Tundulu Rare Earths Project in Malawi, confirming extensive carbonatite mineralisation beyond historical targets and securing $8 million to fund an expanded drilling campaign including diamond drilling.

Recharge Metals has expanded its gold exploration footprint near Leonora, Western Australia, by acquiring the Ironstone Well Project, increasing the Prospero Trend strike length by 50%. The company raised nearly $6 million to fund an aggressive 30,000m drilling campaign at Sunset Well and other exploration activities.

Connected Minerals is set to acquire Frontier Group, gaining control of an 80% stake in the high-grade Bailundo carbonatite project in Angola, backed by a $4.5 million capital raise and planned drilling.

Taruga Minerals has locked in CorePacific Drilling for a maiden 1,000m diamond drill campaign at its Weioko Gold Deposit on Normanby Island, aiming to validate historical high-grade gold hits and explore deeper mineralisation.

Barkly Rare Earths has kicked off a 10,000-metre drilling campaign at its flagship Barkly Project, aiming to grow its 40 million tonne inferred rare earth resource. Initial assays are imminent, setting the stage for a resource update later this year.

Catalina Resources Limited has corrected an earlier ASX announcement and reaffirmed significant historical gold mineralisation across its recently acquired Mid-West portfolio in Western Australia, supported by a $3 million capital raise and advancing exploration activities.

Tartana Minerals has locked in a $5.18 million placement with Chinese mining giant Xingye Gold at a striking 165% premium to its last traded price, setting the stage for accelerated exploration and a new strategic partnership.

Metal Hawk has resumed reverse circulation drilling at its Leinster South Project, aiming to expand on recent high-grade gold intercepts at the Thylacine and Tysons prospects. The campaign is expected to last up to three weeks, with assay results due in about a month.

Alara Resources has launched a pro-rata non-renounceable entitlement offer to raise approximately AUD 3.84 million, aiming to support ongoing exploration at its Oman copper projects and general working capital.

CGN Resources has bolstered its position in the Leonora gold district by acquiring the 142 km² Desdemona Project, expanding its landholding to 386 km². The company has initiated its first reverse circulation drilling program at Christmas Well targeting multiple high-priority gold prospects.

Stavely Minerals has completed all key technical work for its Thursday’s Gossan and Cayley Lode Scoping Study, but the final report release has been postponed to late July due to personal circumstances affecting the lead author.