Latest Exploration And Development News

Ballard Mining reports promising drilling results at its Mt Ida Gold Project, extending mineralisation and targeting new open pit resources to supplement the Baldock deposit. The company advances towards a maiden ore reserve and feasibility study in 2026.

Korab Resources has progressed the sale of its Geolsec mineral lease ML27362 to Leka Fertiliser Shipping Pty Ltd for $4.35 million plus royalties, navigating buyer restructuring and pending ASX approval.

Dreadnought Resources has completed a strategic acquisition of 12 tenements at Mangaroon, significantly boosting its rare earth and multi-mineral footprint in Western Australia’s Gascoyne region.

Nova Minerals has amended its warrant exchange terms, tripling the ratio for Nasdaq-listed warrants to US Holdco warrants as part of its US redomiciliation plan. This adjustment aligns with NYSE listing requirements and signals a strategic step in the company’s transition.

Estrella Resources has inked an $8 million underwriting agreement with Million Link (China) Investment Ltd to support the exercise of 445 million listed options, aiming to strengthen its capital position ahead of the options’ December expiry.

Charger Metals NL has reported promising diamond and RC drilling results at its Lake Johnston Project, extending spodumene mineralisation at Medcalf West to depths of at least 215 metres. These findings support a significant upgrade to the lithium resource estimate.

Tamboran Resources has agreed to farm down a significant portion of its Beetaloo Basin acreage to Daly Waters Energy, unlocking a $28.5 million staged earn-in and aligning with a strategic joint venture involving Japan’s INPEX Corporation.

Red Metal Limited is set to distribute the majority of its 35.2% stake in Maronan Metals to shareholders, aiming to boost liquidity and allow investors to directly engage with Maronan’s promising silver project.

Andean Silver Limited has reported exceptional drilling results at its Cerro Bayo Silver-Gold Project in Chile, with assays revealing grades up to 1,523g/t silver equivalent. These findings support a resource upgrade and underpin ongoing restart studies.

West African Resources forecasts a record 430,000 to 490,000 ounces of gold production in 2026, driven by full-year output from Kiaka and sustained performance at Sanbrado. The company plans significant drilling and capital investment to extend mine life and enhance growth.

Empire Resources has completed the second tranche of its share placement, raising nearly A$2 million following shareholder approval. This capital boost supports the company’s ongoing exploration ambitions in Western Australia’s gold and copper sectors.

Cobre Limited has completed a $60 million capital raise to acquire majority ownership of the Sierra Atacama Copper Mine in Chile, marking its transition from explorer to producer. Meanwhile, substantial shareholder Sinomine has increased its investment in Cobre’s Botswana copper project.