Latest Exploration And Development News

EV Resources has entered a binding agreement to sell its Khartoum Project to Koba Resources for $700,000 cash plus a royalty, marking a strategic pivot towards its antimony assets and US critical minerals ambitions.

Tombador Iron Limited, soon to be Atomic Eagle Limited, is set to acquire Canadian uranium explorer GoviEx Uranium Inc and relist on the ASX, backed by a $5–10 million capital raise to advance its flagship Muntanga Uranium Project in Zambia.

Snow Lake Resources is set to acquire Global Uranium, creating a leading U.S.-focused uranium developer with a diversified portfolio and enhanced market presence. The merger promises scale, strategic synergies, and exposure to critical nuclear fuel cycle technologies amid supportive U.S. policies.

Global Uranium and Snow Lake Resources have agreed to merge, creating a leading U.S.-focused uranium company valued at A$44.5 million. The deal consolidates key assets and promises enhanced exploration and development opportunities.

Caspin Resources has successfully completed the initial $2.5 million tranche of its $4.6 million capital raising, issuing over 33 million shares to investors. The company now awaits shareholder approval to complete the remaining funding at its upcoming AGM.

Carnavale Resources secures $7.1 million through placement and rights issue to advance the Kookynie Gold Project with a Bankable Feasibility Study underway and a strategic board reshuffle.

Aurum Resources has announced a significant 53% increase in Indicated Resources at its Boundiali Gold Project in Côte d'Ivoire, lifting the total Indicated ounces to 0.92 million and maintaining total resources at 2.41 million ounces. This milestone underscores the company's rapid drilling capabilities and sets the stage for a Pre-Feasibility Study expected in early 2026.

Oakajee Corporation has initiated a 28-hole aircore drilling program at its Paynes Find Gold Project in Western Australia, aiming to build on promising gold anomalies identified earlier this year.

Kaiser Reef reports a strong start at the Henty Gold Mine with over 8,000 ounces produced in its first full quarter of ownership, while advancing exploration and plant upgrades.

Riversgold Limited has secured a grade control drill rig to commence drilling at its Northern Zone Kalgoorlie Gold Project, aiming to expand the gold mineralisation footprint between previously identified zones.

Equinox Resources announces CEO Zac Komur will step down in November, with the Board launching a search for his successor amid ongoing development of the Hamersley iron ore project and strategic expansion plans.

Riversgold Limited has significantly expanded its Kalgoorlie Gold Project by acquiring a new tenement, increasing the project area by 170%. This strategic move positions the company for enhanced gold production opportunities in a prolific mining region.