Latest Exploration Activity News

Pearl Gull Iron Limited has entered a binding agreement to sell its Cockatoo Island Project for A$4.5 million in cash, a 4% equity interest in Crestlink Pty Ltd, and royalties on extracted materials, with completion expected in Q4 2025.

Aldoro Resources has confirmed a substantial inferred mineral resource at its Kameelburg Rare Earth Element and Niobium project in Namibia, with Phase II drilling underway targeting high-grade zones. The company also moves to streamline its portfolio by divesting non-core assets.

Melbana Energy continues steady oil production in Cuba with new drilling underway, while securing critical permit variations in Australia that extend exploration timelines and reduce seismic obligations.

Reward Minerals has acquired a key exploration licence covering the Beyondie Potash Plant and is progressing its proprietary potash processing technologies alongside new copper and gold exploration initiatives.

ENRG Elements has successfully closed an oversubscribed entitlement offer, raising approximately $2 million to advance its gold-focused exploration projects in Central Asia and maintain existing assets.

Viking Mines has expanded its gold discovery footprint at the Riverina East Project, recovering 120 nuggets and completing key drilling and surveys that reveal promising new structural targets.

Cygnus Metals reports a substantial 78% increase in Measured and Indicated resources at its Chibougamau Copper-Gold Project, including a maiden resource for the Golden Eye deposit, setting the stage for an updated economic study in early 2026.

Lodestar Minerals has agreed to acquire a major heavy rare earth element project in Arizona, positioning itself near the US's only active rare earth mine amid tightening Chinese export controls. The $3.25 million placement backs immediate exploration plans.

Kaili Resources has responded to ASX inquiries regarding delays in confirming rare earth element assay results from recent drilling, reaffirming compliance with disclosure rules and explaining procedural factors behind the timing.

EV Resources has made significant strides in its antimony projects across Mexico and the US, securing a processing plant and planning a maiden drill program at Los Lirios, positioning itself for near-term production.

Red Sky Energy has officially begun drilling at its Killanoola-2 well in South Australia, marking a significant step in advancing its oil project with promising resource potential and commercial partnerships.

AustChina Holdings has entered a binding agreement to acquire an exclusive option on the Eastern Victorian Goldfield Project, a promising portfolio rich in gold, base metals, and critical minerals. The move complements its existing Tasmanian and Queensland assets and sets the stage for an aggressive exploration campaign.