Latest Exploration Activity News

Midas Minerals has completed its acquisition of the Otavi Copper Project in Namibia, initiating multiple drilling programs across high-grade deposits and securing strong funding to drive exploration in 2026.

DeSoto Resources reports promising initial gold assay results from its maiden drilling program at Dadjan and Tolé in Guinea, highlighting the potential for a large gold system within its extensive landholding.

FAR Limited has agreed to promptly pay Woodside Energy a $6 million claim related to the 2021 sale of its interest in the RSSD Project, with a potential refund if Woodside recovers disputed costs from Senegal authorities.

US1 Critical Minerals has raised $1.5 million in a strategic equity placement led by Nasdaq-listed Snow Lake Energy, bolstering its U.S.-focused critical minerals ambitions and appointing Avi Geller to its board.

Clara Resources has inked a binding deal to acquire the Hodgkinson Basin Gold Project in Far North Queensland, setting the stage for an aggressive exploration campaign in 2026. The acquisition, involving over 533 million shares and cash payments, aims to unlock significant gold potential in a historically rich but underexplored region.

Asian Battery Metals has confirmed expanded high-grade copper and gold mineralisation at its Maikhan Uul project in Mongolia, with new surface and drilling results revealing a larger and more complex system than previously known.

Gateway Mining's initial aircore drilling results reveal a broad and promising gold system at the Mustang-Pony Trend, with multiple high-priority targets identified for follow-up in 2026.

Ausgold Limited has successfully completed a Share Purchase Plan, raising $10 million after scaling back oversubscriptions, contributing to a total $90 million capital raise for its Katanning Gold Project development.

Everest Metals Corporation has announced the issuance of $1.17 million in Junior Minerals Exploration Incentive tax credits to eligible shareholders following successful capital raisings in 2024-25. This move highlights the company’s ongoing commitment to exploration and shareholder value.

Stavely Minerals has advanced exploration at its large-scale Freddy’s Find gold prospect, completing key drilling phases and preparing for further work in early 2026. Assay results from recent programs are expected soon, potentially unlocking a significant new gold discovery in western Victoria.

IRIS Metals has signed a binding agreement to farm-in exclusively to the Finley Basin Tungsten Project in Montana, expanding its critical minerals portfolio and cancelling a planned capital raise. Exploration is set to begin in early 2026 with resource estimation targeted for 2027.

VBX Limited has reported promising assay results from 65 drill holes at the Wuudagu D plateau, revealing a thicker and higher-grade bauxite profile than previously recorded. This discovery lies outside the current resource estimate, signaling potential for significant resource expansion.