Latest Exploration And Acquisition News

Aruma Resources’ 2026 annual report puts the Tillex Copper-Silver Project at the centre of its strategy after wide, high-grade drilling results in Ontario. But the explorer also reported a $2.71 million loss, $788,658 in cash and a material going-concern uncertainty dependent on further capital.

Metals Australia has reported a 50 Mt graphite resource, a maiden 21.51 Mt probable ore reserve and strong study-stage economics for its Quebec project. The opportunity is substantial, but the company ended the year with just AUD 3.73 million in cash and no mining revenue.

Forrestania Resources has agreed to acquire four granted Western Australian exploration licences at Skeleton Rocks for a stated $250,000 consideration. The deal remains subject to due diligence, with the company yet to choose between cash and shares as payment.

Discovery Alaska Limited posted a $459,211 loss for FY2026 amid exploration write-offs and ongoing project development. The company secured $354,000 in a private placement and lined up a $900,000 placement to fund its Idaho and Western Australia gold-silver ventures.

Blaze Minerals has struck a binding deal to acquire a majority interest in two historically rich tungsten projects in Uganda, backed by a $2.25 million capital raise to fund exploration and acquisition costs.

C29 Metals has locked in binding commitments for a $2.4 million share placement at 1.2 cents per share, pending shareholder approval at the upcoming AGM. The funds aim to accelerate exploration at its Sampsons Tank project and fuel global acquisition ambitions.

Pacific Resources Limited (ASX: PXR) completed a strategic pivot in FY2026, acquiring the high-grade Snowstorm Gold Project in Victoria and expanding exploration in Tasmania, while maintaining its Queensland coal assets. The company reported a $769K loss on no operating revenue, supported by a $1.5 million capital raise.

Coppermoly Limited’s Managing Director and CEO Dickson Leah has resigned immediately, prompting a board-led strategic review focused on short-term shareholder value amid ongoing exploration and acquisitions.

Dart Mining (ASX:DTM) has agreed to acquire a large, underexplored gold and lithium project near the Gruyere mine in WA’s Yamarna district, backed by a $2 million capital raise to fund exploration and acquisition costs.

Laramide Resources has secured strategic uranium exploration licences in Sweden’s Hotagen and Arjeplog-Arvidsjaur provinces, capitalising on the country’s recent policy reversal to permit uranium mining.

GoldArc Resources (ASX:GA8) has struck a binding deal to acquire seven tenements from Regener8 Resources, extending its Leonora South gold corridor in Western Australia. The move consolidates contiguous ground adjacent to existing high-grade deposits, positioning GoldArc for accelerated exploration.

Codrus Minerals is set to acquire two promising copper and molybdenum projects in Australia and Peru, backed by a $2.5 million capital raise. The deal includes significant share issuance and performance rights tied to exploration milestones.