Latest Exploration And Development News

Thor Energy has reported significant progress in its natural hydrogen and helium exploration at the HY-Range Project, alongside strategic licence acquisitions and leadership changes. The company also signed a term sheet to sell a majority stake in its US uranium assets.

Lakes Blue Energy has secured $6.5 million in new capital and is set to begin drilling the Wombat-5 gas well, targeting near-term supply to Victoria’s east coast market. Meanwhile, its Nangwarry carbon dioxide project moves forward with a fully funded feasibility study.

Future Metals NL has raised A$4.2 million and entered a strategic MOU with Zeta Resources to explore processing its Eileen Bore and Panton ores at the Savannah Mine plant, signalling a new phase of development amid rising PGM prices.

IGO Limited reported robust operational performance in Q4 FY25 with improved safety and higher production at Greenbushes and Nova, while facing significant impairment at its Kwinana lithium refinery.

Critical Resources Limited reports significant expansion of lithium mineralisation at its Mavis Lake project and advances gold-antimony exploration in NSW, alongside appointing a new CEO and completing a $1.1 million capital raise.

Mineral Resources Limited has met its FY25 production and cost guidance across all segments, boosted by a cashflow-positive Onslow Iron joint venture and record low costs at Wodgina. The company also strengthened its board and initiated a governance review.

West African Resources Limited reported a robust quarter with strong operating cash inflows and significant investment in exploration, ending June 2025 with A$279 million in cash. The company’s strategic financing and spending patterns highlight its commitment to growth in West Africa’s gold sector.

Metals Australia reports a 595% surge in graphitic carbon intervals at its Lac Carheil project, advances critical infrastructure funding applications, and initiates copper-gold drilling at Warrego East.

Strike Energy reported a solid $18.8 million operating cash inflow for the June 2025 quarter, supported by $76.2 million in total available funding, positioning the company well for ongoing project development.

Patronus Resources reports significant drilling successes at its Cardinia and Northern Territory projects, establishing a maiden Exploration Target at Merlin and extending mineralisation at key prospects. The company also announces a selective buyback of nearly 10% of its shares from St Barbara, enhancing its capital structure.

Encounter Resources has announced a significant maiden mineral resource at its Aileron Niobium-REE-Copper Project and regained full ownership of the Yeneena Copper Project, setting the stage for accelerated exploration and development.

Lefroy Exploration has advanced its Lucky Strike Gold Deposit project through robust near-surface drilling results, a new toll milling agreement, and a $2.5 million funding facility, setting the stage for mining operations in early 2026.