Latest Exploration Activity News

Equatorial Resources Limited has refuted media reports claiming the Guinea government cancelled its Nimba Alliance iron ore exploration permits, stating no formal communication has been received and that it is actively seeking clarity.

Locksley Resources has secured $1.47 million through a heavily subscribed placement to fund a critical minerals exploration campaign at its Mojave Project in California, targeting rare earth elements and antimony.

Andean Silver Limited has expanded its Cerro Bayo project in Chile with the discovery of a new 1.2km mineralised vein system, featuring exceptionally high-grade silver and gold assays. This breakthrough significantly extends the known Droughtmaster Corridor and sets the stage for upcoming drilling results.

Ballymore Resources has won $400,000 in Queensland government grants to accelerate exploration at its Dittmer Project, targeting significant copper-gold porphyry systems beneath historic mines.

Dynamic Metals has launched Phase 2 drilling at its Cognac West gold prospect, aiming to expand on encouraging early results from Phase 1. Assay results expected in July will be pivotal for the project's next steps.

Somerset Minerals reports extensive copper mineralisation across its Coppermine Project in Nunavut, Canada, following initial surface sampling. A fully funded maiden drill campaign is set to commence in July targeting high-priority zones.

Terrain Minerals is progressing metallurgical studies on its Larin’s Lane Gallium and Rare Earth Elements project, aiming to develop sustainable extraction methods and expand resource potential. Concurrently, the company has launched a $1.8 million rights issue to fund ongoing exploration and development.

Western Mines Group has raised $1.287 million through a strategic placement to fast-track exploration at its flagship Mulga Tank project, signalling renewed momentum in its nickel and precious metals ambitions.

Tambourah Metals Ltd is set to raise nearly $1 million through a placement and entitlement offer to fund drilling at its Beatty Park Gold and Speewah North projects. The capital raise includes shares priced at a discount and attached options, aiming to strengthen exploration efforts.

Kingsrose Mining advances its exploration efforts in Norway’s Finnmark region with increased backing from BHP, while winding down its Central Finland alliance. The company also secures an option to acquire the promising Gallujavri nickel-copper-PGE project.

Aruma Resources is set to begin drilling at its Saltwater Project in Western Australia, targeting promising gold and gallium anomalies. Expanded soil sampling at the Talmine Prospect aims to build on previously reported high-grade gallium results.

Sunshine Metals has secured a binding agreement to acquire the high-grade Sybil Epithermal Gold Project near Charters Towers, Queensland, aiming to fast-track near-surface gold production. The acquisition, valued at A$1.225 million, aligns with Sunshine’s strategy to expand its district presence and leverage underexplored epithermal systems.