Latest Exploration And Development News

Mantle Minerals has agreed to sell its Mt Roe subsidiary to Northern Star Resources for $13.5 million, freeing up capital to accelerate exploration at its key Yule River and Pardoo projects while pursuing new opportunities.

Power Minerals Limited has raised A$2.6 million through a share placement to fund critical due diligence and fieldwork at its Santa Anna Niobium and Rare Earth Elements project in Brazil.

Carnarvon Energy has committed up to $89 million to acquire nearly a 20% stake in Strike Energy, gaining strategic exposure to Western Australia’s growing gas market while maintaining its own development plans.

Riedel Resources has exceeded its initial capital raising target through its Share Purchase Plan, prompting an increase in the offer size to $400,000. This follows a recent $1 million placement, underscoring robust shareholder support as the company advances its Kingman Gold Project.

88 Energy Limited reports significant progress on its Alaskan projects with a robust prospective resource base and advancing farm-out deals, while securing a key license extension in Namibia and negotiating asset divestment in Texas.

Ballard Mining has launched a comprehensive 130,000-metre drilling campaign at its Mt Ida Gold Project, targeting resource expansion and development of the Baldock deposit. Supported by a recent oversubscribed $30 million IPO, the program aims to unlock new exploration targets along a 26km strike in Western Australia’s Goldfields region.

Aeris Resources has unveiled its FY26 guidance, forecasting a significant 37% increase in copper production at its Tritton operation alongside strategic divestments and a robust exploration agenda.

Aeris Resources has released its comprehensive 2024 Mineral Resource and Ore Reserve Statement, detailing strategic changes and growth plans across its Tritton, Cracow, Jaguar, North Queensland, and Stockman assets.

Elevate Uranium Ltd has made significant strides in its uranium exploration and development efforts, with its U-pgrade pilot plant nearing shipment and promising drilling results expanding mineralisation at key Namibian projects.

West Coast Silver has revealed impressive silver assay results up to 490 g/t from recent sampling at its Elizabeth Hill project, suggesting expanded mineralisation beyond the historic mine. Follow-up exploration activities are underway to define new targets.

Enova Mining has revealed significant near-surface titanium oxide and rare earth element mineralisation from initial auger drilling at its CODA Central Project in Brazil, highlighting the project's multi-commodity potential.

Prodigy Gold NL has successfully raised approximately $4.45 million through a partially underwritten entitlement offer, with major shareholders APAC Resources and Plutus Prospecting playing key roles. The funds will support exploration and development across its Tanami projects.