Latest Exploration Activity News

Ballymore Resources has secured $5.2 million through an oversubscribed capital raise, boosting its capacity to fast-track exploration across multiple Queensland projects.

Alligator Energy has secured a crucial option to acquire a lease enabling expanded exploration at its Samphire Project while addressing ASX concerns over recent trading linked to a Mineral Resource Estimate update.

Mandrake Resources has secured a drilling contract to advance exploration at its Berinka Project in the Northern Territory’s Pine Creek Orogen, targeting gold and copper mineralisation with a 3,200m reverse circulation program planned for August 2026.

BOA Resources Ltd has voluntarily suspended trading of its shares on the ASX pending a potential acquisition announcement, with the suspension expected to last up to five trading days.

Triangle Energy (ASX:TEG) has regained 100% ownership of the L7 Production Licence and EP 437 Exploration Permit in the Perth Basin after joint venture partners Echelon and Strike withdrew and transferred their interests back. Legal proceedings against these partners for failing farm-in obligations continue.

Infinity Metals has secured a two-year exclusive option to acquire 100% of the high-grade Swansea copper mine in Arizona and raised A$2.25 million via a discounted placement to fund exploration and acquisition costs.

Melbana Energy halts direct involvement in its Cuban Block 9 project following US sanctions on CUPET, its contractual counterparty, while it seeks legal clarity on the complex regulatory landscape.

Taruga Minerals has pinpointed seven high priority exploration targets at its Kol Mountain Project in Papua New Guinea, launching its first active field program focused on a large undrilled copper-gold porphyry anomaly and high-grade gold shear zone.

Renegade Exploration has divested its 22% stake in the Carpentaria Joint Venture to True North Copper for $2.88 million, securing cash, shares, performance rights, and a new Queensland gold project, while preserving exposure to key copper assets.

Redstone Resources has secured a 100% stake in a suite of greenfields exploration projects across Western Australia, gaining exposure to gold, lithium, copper, and base metals with immediate drilling approvals at key sites.

Ragusa Minerals has completed its acquisition of a controlling interest in Pegasus Tel, gaining access to the Purple Pansy manganese-gold project in Arizona, positioning itself within a critical US supply chain sector.

Perpetual Resources (ASX: PEC) has locked in a 100% stake in the historic Nevada Scheelite tungsten mine, boasting an average grade of 1.1% WO3 and existing underground infrastructure. The acquisition is backed by a $2.5 million placement to fund validation and exploration.