Latest Exploration And Development News

Variscan Mines has successfully completed the initial phase of its $2.5 million capital raise, bolstering funds for advancing its Novales-Udias zinc-lead project in Spain.

Marimaca Copper Corp reported solid liquidity with $25.6 million in working capital and completed a C$24.4 million private placement, while managing ongoing challenges related to the liquidation of a key receivable from Minera Rayrock Ltda.

EV Resources has launched a critical exploration program at its Los Lirios Antimony Project in Mexico, aiming to quantify high-grade deposits and accelerate near-term production to capitalize on a tightening global market.

New Murchison Gold Limited reports strong operational progress at its Crown Prince Gold Mine, with mining underway and first ore parcel sales to Westgold’s Bluebird plant expected in September 2025.

Narryer Metals has formalised a joint venture with Petratherm Limited after the latter met its earn-in commitments, aiming to accelerate exploration at the promising Muckanippie Project in South Australia.

Energy Transition Minerals Ltd has issued over 238 million shares to OCJ Investment and updated its Share Purchase Plan timetable to raise up to $3 million, signaling a strategic capital boost.

Energy Transition Minerals has completed a $10 million strategic placement with OCJ Investment and appointed mining veteran Amy Jiang as a Non-Executive Director, signaling a strengthened governance and growth trajectory.

Summit Minerals reports promising initial soil sampling results at its Equador Project in Brazil, revealing a 4km-plus geochemical anomaly and a newly discovered niobium-tantalum bearing pegmatite outcrop. These findings validate and extend the company’s ‘Fractionated Pegmatite Corridor’ model, setting the stage for targeted drilling and further metallurgical testing.

Peel Mining Limited has announced the immediate resignation of its Managing Director and CEO, James (Jim) Simpson, marking a significant leadership change for the company.

Resouro Strategic Metals reports a significant update to its Tiros project resource alongside a reduced quarterly loss, highlighting progress in its Brazilian exploration assets.

Tesoro Gold has successfully dismissed initial legal claims from joint venture partner Wanaco SpA and increased its ownership in the El Zorro Gold Project to over 90%, reinforcing its strategic position in Chile.

Askari Metals has confirmed the legal validity of its Nejo Gold and Copper Project licences in Ethiopia, paving the way for a comprehensive exploration campaign in a highly prospective mineral region.