Latest Exploration And Development News

Leeuwin Metals has inked a binding deal to acquire the Marda Gold Project from Ramelius Resources, marking a strategic expansion into Western Australia's prolific goldfields. Alongside promising iron ore results from its West Pilbara project, Leeuwin is positioning itself as a diversified explorer with significant growth potential.

Bowen Coking Coal reported a strong December quarter with record coal sales and a 39% reduction in cash costs, underpinning a $29 million EBITDA despite softer coal prices.

Lucapa Diamond Company advances its position in the Lulo Kimberlite Joint Venture, increasing its stake to 51% while accelerating bulk sampling efforts to pinpoint diamond-rich kimberlite targets.

Adavale Resources has completed the acquisition of a majority interest in the Parkes Gold-Copper Project, positioning itself near major NSW mining hubs with plans to upgrade historical resources and accelerate exploration.

Australian Oil Company Limited has secured an increased consideration in its Red Earth Assets divestment, receiving A$660,000 upfront while deferring A$540,000 to March 2025.

Wia Gold Limited reports strong drilling results at its Kokoseb Gold Project in Namibia and advances exploration in Côte d'Ivoire, backed by a A$30 million capital raise to fund an expanded 2025 development program.

Osmond Resources has reported strong assay results from 27 samples at its Orion EU Critical Minerals Project in Spain, highlighting promising high-grade mineralization and continuity between zones. The company is poised to commence drilling to confirm these findings and accelerate development.

Empire Energy Group Limited reported a significant cash outflow of $14.2 million in the December 2024 quarter, driven by exploration and evaluation activities, yet maintains a strong liquidity position with nearly $54 million in available funding.

AIC Mines delivered a robust December quarter with record copper production at Eloise and promising exploration results at Jericho, underpinning its growth strategy.

Westar Resources reports exceptional gold and silver assay results from its Mindoolah Mining Centre, setting the stage for imminent drilling programs in early 2025. The company maintains a strong cash position while strategically focusing on high-potential projects.

Ausgold Limited reports significant progress in its Katanning Gold Project feasibility study, highlighted by strong drilling results and strategic executive appointments, positioning the company for a pivotal 2025.

Australian Mines Limited is gearing up to expand its high-grade scandium resource at the Flemington Project with a new drilling program targeting both infill and lateral extensions.