Latest Exploration And Development News

Ardea Resources pushes back the completion of its Kalgoorlie Nickel Project DFS to pursue optimisation opportunities, while securing strong multi-level government backing and maintaining a robust financial position.

Australian Gold and Copper Ltd (ASX: AGC) has completed the second tranche of its $5 million placement, received a nearly $1 million R&D tax refund, and finalized the acquisition of the drill-ready Junee gold project in NSW.

Duketon Mining has delivered promising results from its maiden 6,000m drill program at Barlee, secured the Killarney Gold Project, and reported a combined nickel resource exceeding 102,000 tonnes across Rosie and C2 deposits.

NewPeak Metals has completed the initial phase of its capital raising, issuing nearly 50 million shares for $0.64 million. A shareholder meeting is scheduled for August to approve a further $2.86 million conditional placement.

Argent Minerals has bolstered confidence in its Kempfield silver-polymetallic project with deep diamond drilling results and appointed mining veteran Mike McKevitt as CEO to steer development efforts.

Stellar Resources has boosted its Heemskirk Tin Project resource by 64% at Severn, pushing total contained tin to over 129,000 tonnes, while advancing prefeasibility studies and securing a $22.1 million capital raise.

Beach Energy delivered a solid FY26 with 19.4 MMboe production, a record 18 months without injuries, and a key Otway Basin asset sale freeing $500 million capital.

Adavale Resources has uncovered six additional near-mine gold prospects adjacent to its London-Victoria Gold Mine, strengthening its Parkes Thrust Project pipeline ahead of a resource update scheduled for September 2026.

Union Star Metals has agreed to sell its Brazilian rare earth subsidiary to Harvest Minerals, receiving cash, shares, and milestone payments while sharpening its focus on gold and silver exploration in the US.

Terrain Minerals (ASX: TMX) delivered a strong June quarter update, confirming high-grade gold and silver mineralisation at its Smokebush flagship, progressing a maiden resource estimate at Lightning, and reporting broad rare earth and lithium anomalies at Lort River and Carlindie projects.

Flagship Minerals has received full payment of US$4 million for its RK Lithium Project sale, advancing its strategic pivot towards gold and copper assets in Chile and Canada.

New Murchison Gold Limited's Crown Prince Gold Mine sustained robust production with 15,455 ounces sold in the June quarter, while the Garden Gully Gold Project’s resource estimate jumped 47% to 359,000 ounces. Mining has now commenced at the Cloudkicker open pit, supporting growth and operational flexibility.