Latest Exploration Activity News

Askari Metals has successfully closed an oversubscribed rights issue raising approximately $1.6 million to accelerate exploration at its promising Nejo Gold and Copper Project in Ethiopia and the Uis Project in Namibia.

Belararox Ltd announces the immediate resignation of founding Managing Director Arvind Misra, with Chairman Neil Warburton stepping in as interim leader during the search for a new executive director.

Yandal Resources has released first assay results from its maiden diamond drilling program at the Arrakis Prospect, confirming broader and continuous gold mineralisation over a strike length exceeding 2.2km. The findings support a robust geological model and set the stage for expanded exploration in 2026.

Pivotal Metals has identified a promising new copper-gold exploration target, Kelly Lake East, within its Belleterre project in Quebec, setting the stage for a major drilling campaign in early 2026.

Aura Energy has secured a new exploration permit in Sweden, adjacent to its existing Häggån project, positioning the company to deepen its stake in a globally significant polymetallic resource area.

Basin Energy has agreed to sell its Marshall Uranium Project to Green Canada Corporation, securing cash, shares, and a significant equity stake while retaining strategic rights and exposure to Canadian uranium assets.

Ragusa Minerals is advancing its acquisition of a majority stake in Pegasus Tel Inc., gaining control of the Purple Pansy manganese-gold project in Arizona, while exiting its Burracoppin tenement to sharpen its focus on US critical minerals.

Anson Resources has raised A$14 million through a well-supported placement to advance its lithium and uranium projects in Utah, signaling strong investor confidence in its development strategy.

Patriot Resources has secured an 80% interest in two key exploration licences in Zambia’s Mumbwa district, strengthening its foothold in a promising copper region without additional cash outlay.

Golden State Mining has completed a $1.5 million placement at 0.8 cents per share, appointed Keith Middleton as Managing Director, and launched a strategic review of its gold projects in Western Australia.

Eagle Mountain Mining Limited has lodged a prospectus for a non-renounceable entitlement offer to raise up to A$1.98 million, supporting exploration and development of its copper-gold projects in Arizona, USA. The offer includes attaching options and follows a recent $1.66 million placement.

State Gas Limited has independently certified a maiden 2P gas reserve of 30.2 petajoules at its Rolleston West Project, establishing a solid foundation for a pipeline-connected gas development aimed at the east coast market.