Latest Exploration Activity News

AuMEGA Metals reported robust progress in Q1 2025, advancing drilling programs, expanding its Bunker Hill project footprint, and appointing a seasoned exploration leader, all while maintaining a strong cash position.

Somerset Minerals Ltd has raised $2.39 million to fund its maiden drilling and surface sampling campaign at the Coppermine copper-silver project in Nunavut, targeting high-grade mineralisation supported by strong geophysical and historical data.

Prospect Resources has declared a maiden JORC-compliant copper resource of 107.2 million tonnes at 0.5% copper at its Mumbezhi Project in Zambia, alongside securing a strategic A$15.2 million investment from First Quantum Minerals. This milestone advances the project towards development with Phase 2 drilling planned for Q2 2025.

Traka Resources has strategically entered Guinea’s prolific Siguiri Basin by securing a 75% earn-in joint venture in the Didi Gold Project, which hosts confirmed high-grade gold mineralisation. The company plans an aggressive multi-stage exploration program backed by an experienced local team.

Ausmon Resources Limited has launched a Share Purchase Plan offering shareholders shares at an 8.6% discount, with potential tax credits for Australian investors. The move aims to strengthen the company’s balance sheet and fund exploration activities.

Diablo Resources has unveiled a high-grade copper discovery at its newly acquired Phoenix Copper Project near the prolific Lisbon Valley Mine in Utah, with initial rock samples returning up to 45.7% copper and 219 g/t silver. The company is advancing exploration with drilling planned for 2025.

Great Southern Mining has identified a second large-scale induced polarisation anomaly at its Edinburgh Park Project, highlighting promising potential for significant gold-copper mineralisation. Drilling is slated for mid-2025 following heritage and environmental clearances.

Rapid Lithium has successfully placed the full $1 million shortfall from its recent entitlement issue, positioning the company to advance exploration projects in Canada and the USA.

Ausmon Resources Limited has launched a Share Purchase Plan aiming to raise up to $540,000 by issuing shares at a discounted price, supporting its exploration and operational funding needs.

Polymetals Resources Ltd has opened a Share Purchase Plan allowing eligible shareholders to invest up to $30,000 each at $0.80 per share, aiming to raise $3.2 million to bolster its balance sheet and fund exploration.

Artemis Resources has completed the second tranche of a $4 million capital raise, enabling the resumption of drilling at its Karratha Gold Project after cyclone-related delays.

Ausmon Resources Limited has announced a Share Purchase Plan offering up to 300 million shares at a discounted price to raise $540,000, aiming to reduce borrowings and fund exploration activities.