Latest Exploration Activity News

Horizon Oil has successfully completed the WM29 well and commenced drilling WM30 in the Mereenie Development Program, aiming to boost gas production and meet new Northern Territory gas sales commitments.

Ora Banda Mining reports a robust December quarter, boosting cash reserves to $57.8 million and advancing underground operations at Riverina and Sand King towards a 150koz production target in FY26.

Basin Energy has completed its acquisition of a promising uranium and green energy metals portfolio in Scandinavia, marking a significant expansion into a historically overlooked region. The move positions the company to leverage emerging opportunities in the Nordic green energy sector.

BPM Minerals reports significant progress at its Claw Gold Project, completing a third drilling phase and preparing for expanded exploration across new tenements. The company maintains a strong cash position to support its growth ambitions.

Gold Mountain Limited has outlined a strategic 14-hole drilling campaign targeting high-priority lithium anomalies in Brazil’s Bananal Valley, following comprehensive soil sampling and mapping at its Salinas II Project.

Sipa Resources has inked agreements to acquire four advanced gold projects in South Australia and Western Australia, positioning itself for a significant exploration boost. The $2.2 million deal, coupled with a $1.75 million capital raise, signals a strategic pivot towards expanding its resource base.

Yandal Resources has reported promising air-core drilling results at its Caladan target area, revealing significant gold mineralisation and the emergence of a new prospect named Arrakis. Follow-up drilling is planned to further explore this early-stage discovery within the Yandal Greenstone Belt.

Benz Mining has completed its acquisition of the Glenburgh and Mt Egerton gold projects in Western Australia from Spartan Resources, marking a strategic expansion with Spartan becoming a significant shareholder and board participant.

Nex Metals Explorations has repriced and partially completed its capital raise, securing $1.06 million at a reduced share price to fund development and exploration activities.

Magnetic Resources NL reported a $4.39 million net cash outflow from operations in Q4 2024 but strengthened its balance sheet with a $9.41 million financing inflow, ending the quarter with $11.6 million in cash.

Basin Energy advances its Scandinavian uranium exploration with new land applications and awaits key sampling results, buoyed by Sweden's move to lift its uranium mining ban.

Skylark Minerals has confirmed highly favourable geology for base metal mineralisation at its Narongo Prospect within the Captains Flat Project, identifying new drill targets and planning further exploration activities for 2025.