Latest Exploration And Development News

GoldArc Resources has cleared the last regulatory hurdle for its Mt Stirling gold project, enabling development to proceed under a 50/50 profit-share partnership with BML Ventures.

Venus Metals Corporation is returning $35 million to shareholders via a special cash dividend funded by the recent sale of its Youanmi Gold Project royalty to Franco-Nevada. The dividend is largely franked and follows an earlier in-specie distribution of Rox Resources shares.

Rimfire Pacific Mining has appointed Bronwyn Barnes as Executive Chair and secured $2.3 million in a placement to advance its scandium exploration and development strategy.

Krakatoa Resources has locked in $2.4 million through a strategic placement anchored by a $1.8 million investment from a Hong Kong private investor, funding the first 10% acquisition of the Zopkhito Antimony-Gold Project and accelerating its 2026 exploration program.

Aurum Resources has unveiled new high-grade gold intercepts from 36 diamond drill holes at its Boundiali Gold Project in Côte d'Ivoire, confirming mineralisation beyond current resource boundaries and underpinning further growth.

Australian Silica Quartz Group (ASQ) has secured mining approval and completed the acquisition of Australian Kaolin, positioning its White Swan Kaolin Project for production with a 47.3Mt inferred resource and a 250,000tpa direct shipping ore operation.

Challenger Gold has completed an A$85 million equity raise backed by key insiders and appointed a new leadership team to drive its transition from exploration to development at Hualilan and El Guayabo.

Norwest Minerals has completed a partly underwritten entitlement offer, securing $1.89 million to fund exploration and development at its Bulgera Gold Project.

Godolphin Resources intensifies exploration at Mt Aubrey and Copper Hill East, leveraging a streamlined portfolio and a strategic pivot to precious and base metals in NSW’s Lachlan Fold Belt.

Beach Energy (ASX:BPT) reported a 742% jump in net profit to $281 million for FY26 despite a 9% revenue decline, driven by Waitsia Gas Plant reaching full capacity and stringent cost control. The company declared a fully franked final dividend of 2 cents per share.

Connected Minerals Ltd has successfully raised $4.5 million through a placement, clearing the final hurdle to acquire an 80% stake in the Bailundo carbonatite project in Angola.

AuKing Mining has secured a full underwriting agreement with GBA Capital to guarantee raising approximately $9.14 million through the exercise of nearly 305 million unlisted options expiring in April 2027.