Latest Exploration And Development News

Axel REE Limited has initiated a new Mineral Resource Estimate at Area B of its Caladão Project in Brazil, aiming to build on its already significant rare earth and gallium resources. This move could further position Caladão as a critical global source beyond China’s dominance.

Rox Resources confirms the technical and economic viability of its Youanmi Gold Project, targeting 117,000 ounces of gold annually over seven years at a low cost. The Definitive Feasibility Study outlines robust financial returns and a clear path to production by mid-2027.

GoldArc Resources has taken a decisive step in advancing its Mt Stirling Project by securing 90% ownership and full operational control, removing the need for a feasibility study before mining decisions.

Reward Minerals has signed a binding Letter of Intent to acquire the Copper Lance Project in Newfoundland, a promising volcanogenic massive sulphide deposit with historic high-grade copper and silver results. The company plans to fast-track exploration to unlock value in this underexplored Canadian terrane.

Patronus Resources (ASX – PTN) reveals a robust financial position with $78 million in cash and investments alongside a 2.3 million ounce gold equivalent resource base, underpinning a multi-commodity growth strategy across Western Australia and the Northern Territory.

Horseshoe Metals reports strong drilling results confirming extensive shallow copper mineralisation at its Horseshoe Lights Project, with Direct Shipping Ore operations set to begin this quarter amid active offtake and funding talks.

Australian Gold and Copper Ltd has completed its acquisition of the Browns Reef tenement package, doubling its South Cobar Project area and setting the stage for a maiden resource estimate at the Evergreen target.

Skylark Minerals has agreed to acquire a portfolio of gold projects in Côte d’Ivoire, including the flagship Zaranou Project with a JORC-compliant inferred resource of 364,600 ounces. This deal positions Skylark as a significant emerging player in West Africa’s gold sector.

Eagle Mountain Mining has successfully raised $3.56 million through a placement and entitlement issue, aiming to accelerate exploration and business development in its Arizona copper-gold projects.

Australian Critical Minerals has appointed geologist Allister Caird as a Non-Executive Director, alongside key leadership shifts including Dean DeLargie's move to Executive Chairman. These changes underscore the company’s strategic push in critical minerals exploration across Australia and Peru.

African Gold Limited has exercised its option to acquire an 80% interest in Kouroufaba Gold Limited, significantly expanding its exploration portfolio across 1,428 square kilometres in Côte d’Ivoire’s Birimian greenstone belts.

Catalyst Metals has settled a legal dispute by acquiring the remaining 49% interest in the Tandarra Gold Project, consolidating its Victorian gold assets and streamlining management. This move supports Catalyst's strategy to expand high-grade gold resources in the prolific Bendigo Gold Belt.