Latest Exploration And Development News

Nico Resources has raised $1.1 million through a share placement priced at a premium, aiming to accelerate development of its flagship Wingellina nickel-cobalt project and support working capital needs.

Power Minerals has initiated a 2,000m drilling campaign at its Santa Anna project in Brazil, aiming to validate and expand on historic high-grade niobium, rare earth elements, and gallium mineralisation ahead of a potential acquisition.

Lefroy Exploration has reported outstanding near-surface gold assay results from its Lucky Strike project, validating resource models and revealing promising high-grade zones. With diamond drilling underway to explore a potential larger Stage 2 pit, the company is advancing its development plans backed by partner funding.

Alchemy Resources has acquired the remaining 50% stake in the Bryah Iron Ore Project, consolidating full ownership and advancing plans for maiden drilling after confirming high-grade iron ore outcrops.

High-Tech Metals has completed its acquisition of the Mt Fisher and Mt Eureka Gold Projects, gaining a substantial 1,150km² landholding and a combined gold resource of 187,000 ounces. The company is set to launch an extensive drilling campaign and a joint venture to process historic gold stockpiles.

Ballard Mining Limited is set to raise $25-$30 million through an IPO to advance the Mt Ida Gold Project, boasting a 1.1 million ounce resource and significant exploration upside. The move follows a strategic demerger from Delta Lithium, positioning Ballard as a focused gold developer with an experienced leadership team.

Ballard Mining Limited is launching an IPO to raise up to $30 million, aiming to accelerate exploration and development of its Mt Ida Gold Project in Western Australia, which hosts over 1.1 million ounces of gold.

High-Tech Metals has completed its acquisition of the Mt Fisher and Mt Eureka gold projects, gaining a substantial resource base and launching an immediate 15,000m drilling campaign to unlock further value.

RTG Mining has completed a A$15.3 million tranche 2 placement, bolstering its financial position to advance the Mabilo gold and copper project and explore new opportunities.

Galileo Mining has agreed to extend key terms of its lithium joint venture with Mineral Resources at the Norseman project, adjusting payment timelines and earn-in periods to support ongoing exploration.

Tamboran Resources has successfully closed the first tranche of its PIPE, raising US$38.7 million to advance its Beetaloo Basin projects, with a second tranche pending shareholder approval.

Emmerson Resources’ joint venture partner Tennant Mining has begun commercial gold production at the Nobles Project near Tennant Creek, setting the stage for potential royalty payments and future development opportunities.