Latest Exploration And Development News

Delta Lithium reported a $13.2 million FY2026 profit after separating its gold assets into Ballard Mining, while advancing lithium projects at Mt Ida and Yinnetharra. The result was supported heavily by demerger-related accounting gains, leaving the next test firmly operational: whether the projects can move towards production.

PC Gold’s Spring Hill project emerged from FY2026 with a sharply larger resource, fresh institutional funding and a clearer path towards feasibility studies. The gold explorer remains pre-production and loss-making, but its post-year-end A$75 million raise gives it substantial room to expand drilling and development work.

Tanami Gold has entered FY27 with funding in place for a 3,500-metre underground decline at Groundrush, after raising $70.5 million and reporting a 2.8 million ounce Central Tanami resource. The project remains in the study and resource-definition phase, with no Ore Reserve or production decision yet disclosed.

Jade Gas will use targeted 2D and 3D seismic to test whether its established coal-measure gas system extends into deeper CBM, shale gas and tight sandstone horizons in Mongolia. The exploration could expand TTCBM’s longer-term potential, but the company says commercialising existing resources remains the immediate priority.

Antipa Minerals has expanded its Minyari Project resource to 3.6 million ounces of gold equivalent and advanced key pre-feasibility work, including conventional processing and deeper open-pit studies. The progress comes with an auditor-highlighted going-concern uncertainty as the company prepares for further exploration and development spending.

Sky Metals has used FY2026 to move Tallebung from exploration toward development, combining more than 500 drill holes with strong ore-sorting results and progress into NSW’s environmental approval process. The advance came alongside a A$5.37 million loss and continuing reliance on equity funding.

Amplitude Energy has approved completion of its Juliet-1 exploration well after preliminary testing indicated at least 49 metres of net pay, strong reservoir quality and estimated carbon dioxide below 2 mol%. The well is ahead of schedule and budget, but flow rates, gas composition and recoverable resource estimates remain outstanding.

Elixir Energy has confirmed it is in an exclusive due diligence and negotiation process with Beach Energy over a potential strategic farm-in to its Taroom Trough portfolio. The process runs until 1 October, but no transaction has been agreed or assured.

Bass Oil has confirmed oil in the previously unproduced M sand at its Bunian 6 well in Indonesia, with a short cleanup flow reaching approximately 2,400 barrels per day without water. The completed well is expected to lift field production from 250 to at least 750 barrels per day, subject to testing and tie-in work.

Osmond Resources reported a A$7.61 million FY26 loss and warned of a material uncertainty over its ability to continue as a going concern, despite holding A$5.50 million in cash. The company is betting its Spanish Orión project can move from exploration into a resource estimate and scoping study in the coming months.

Piche Resources has begun a strategic review of its three remaining mineral projects and potential new opportunities after completing its rights issue, while searching for a chief executive to lead the next phase. The review will be supported by independent geological consultants, but no acquisition, disposal or revised exploration program has yet been announced.

Leeuwin Metals has rejected the possibility of undisclosed exploration results driving a sharp rise in its share price, after ASX queried the move from $0.22 to $0.295. The gold explorer pointed instead to recent Marda news, a company-funded research report, stronger gold prices and buying by a substantial holder.