Latest Exploration And Development News

Energy Metals Limited reports promising high-grade uranium intersections from recent drilling at its Ngalia Regional Project, supported by a robust cash position and a strengthening uranium market.

Far East Gold reports a productive September quarter with significant drilling results at its Idenburg Project, including a new high-grade discovery at North Bermol and an expanded pipeline of exploration targets.

Red Hill Minerals has achieved full production capacity at its Onslow Iron Project, generating $7 million in quarterly royalty revenue, while advancing multiple exploration fronts and declaring a fully franked dividend.

Breakthrough Minerals has entered a conditional agreement to acquire a substantial North Queensland Copper-Gold Project near Mt Isa, boasting an 18.8 million tonne resource and backed by an $8.15 million capital raise. The acquisition positions the company for aggressive exploration and development in a prolific copper district.

Alicanto Minerals has completed a summer exploration program in Sweden, revealing promising copper, silver, and gold targets across its Falun and Sala projects. The company also secured A$3 million in fresh capital to fund ongoing exploration and strategic acquisitions.

Lion Energy Limited reports strategic progress on its East Seram drilling plans and limits spending on its Port of Brisbane Green Hydrogen Project pending government funding, while divesting a stake in the Seram Non-Bula PSC to reduce exposure.

Mt Malcolm Mines NL reported a productive September quarter with extensive drilling confirming shallow gold mineralisation and commenced JORC resource evaluations at its flagship Malcolm Gold Project.

Aguia Resources has successfully raised approximately $4 million through a non-renounceable entitlement offer and placement of the shortfall, strengthening its capital position ahead of key project developments.

Axel REE Limited has reported maiden JORC Inferred Mineral Resource Estimates for rare earth elements and gallium at its Caladão Project in Brazil, alongside promising metallurgical test results and an expanded mineralised footprint.

Whitebark Energy has revealed significant new dry gas zones with minimal water in its Warro Gas Field, boosting the asset’s commercial prospects. The company also secured $750,000 in an oversubscribed placement to fast-track development activities.

Tanami Gold NL reports significant gold intercepts from ongoing drilling at the Jims Gold Mine, while Mount Gibson Iron moves to acquire Northern Star’s stake in the Central Tanami Project joint venture.

Reach Resources has made significant progress at its Murchison South Gold Project, confirming high gold recovery rates and preparing for an extensive drilling campaign to upgrade resource confidence.