Latest Exploration And Development News

Caspin Resources has reported strong high-grade tin assay results from the first 11 holes of its 2026 drilling campaign at the Kelpie Deposit, part of the Bygoo Tin Project in NSW, confirming mineralisation beyond the current resource envelope and supporting potential resource growth.

Aurum Resources has unveiled robust assay results from 40 diamond drill holes at the BDT2 deposit, confirming substantial gold mineralisation beyond current resource boundaries and underpinning its 4.2Moz group resource growth strategy in Côte d'Ivoire.

Eagle Mountain Mining has formalised a joint venture with Nittetsu Mining for the Oracle Ridge copper project in Arizona, with Nittetsu committing US$20 million to advance exploration and development while managing the operation.

Great Divide Mining has transitioned its Challenger Gold Mine in NSW from commissioning to commercial production, targeting a gold concentrate grade of 30 grams per tonne from historic tailings with minimal capital expenditure.

Rua Gold has lodged a Fast-Track Referral application for its Auld Creek gold and antimony project in New Zealand's Reefton Goldfield, aiming to speed up permitting and development under new government legislation.

Peel Mining has agreed to sell its South Cobar Copper Project to Aeris Resources, while spinning off its remaining Cobar Basin assets into a new ASX-listed company, Spectre Metals. Exploration highlights from the Southern Nights Complex and Nombinnie Prospect underpin the growth potential of the new entity.

Neometals has secured A$7.9 million through a placement and launched a concurrent A$5.1 million entitlement offer to fund gold production at Barrambie and advance lithium exploration in Utah. The capital raise supports a near-term production joint venture and aggressive resource expansion.

Winsome Resources has advanced its proposed acquisition by Li-FT Power, with shareholder and optionholder meetings scheduled for 5 May 2026 to decide on the scheme of arrangement. The transaction hinges on court approval following a key condition being met.

Nelson Resources has obtained key mining leases at its Yarri Gold Project, unlocking expansion potential in high-grade zones and securing up to A$10 million in funding from MEGA Resources to fast-track development.

Renegade Exploration has divested its 22% interest in the Carpentaria Joint Venture to True North Copper for $2.88 million, opting for a mix of cash, shares, and performance rights to maintain exposure to the project’s upside while refocusing on North American assets.

29Metals Limited (ASX:29M) swung to a $24 million net profit in 2025, powered by steady copper output at Golden Grove despite seismic disruptions, cost efficiencies, and key progress on growth projects including Gossan Valley and Capricorn Copper restart.

Aruma Resources has kicked off its maiden diamond drilling campaign at the Tillex Copper-Silver Project in Ontario, aiming to expand the known high-grade copper mineralisation and deliver a substantial resource estimate.