Latest Exploration And Development News

Invictus Energy has completed the Petroleum Production Sharing Agreement process for its Cabora Bassa Project, setting the stage for significant gas exploration and development in Zimbabwe.

Strata Minerals Limited has successfully completed the first tranche of its $1.175 million capital raising, issuing over 55 million shares to investors. The company now awaits shareholder approval to complete the remaining funding.

FAR Limited has agreed to promptly pay Woodside Energy a $6 million claim related to the 2021 sale of its interest in the RSSD Project, with a potential refund if Woodside recovers disputed costs from Senegal authorities.

Ariana Resources has locked in a strategic A$11 million investment from Hongkong Xinhai Mining Services to accelerate development at its Dokwe Gold Project in Zimbabwe. This deal includes equity funding, technical services, and a board appointment, marking a significant milestone for the company.

Nova Minerals has priced a US$20 million NASDAQ offering to fund exploration and development at its Estelle Gold and Critical Minerals Project in Alaska, signaling a key step forward for the company’s growth ambitions.

Ballymore Resources has initiated drilling at the Maniopota polymetallic target in North Queensland, complementing ongoing diamond drilling at the nearby Torpy’s prospect. Early indications suggest significant potential for lead, zinc, copper, silver, and gold mineralisation within a major hydrothermal skarn system.

McLaren Minerals has acquired the Barossa mineral sands project from Iluka Resources, adding a high-grade zircon-rich asset to its portfolio. The project offers promising prospects near a tier-one mine with structured payments tied to development milestones.

Aurum Resources reports multiple high-grade gold intercepts at its 2.41Moz Boundiali Gold Project in Côte d’Ivoire, expanding resource confidence and scale. The company boosts drilling capacity to 12 rigs, targeting major resource updates and a Pre-Feasibility Study in early 2026.

Metals Australia reports highly anomalous copper, cobalt, zinc, and bismuth geochemical results from initial drilling at Warrego East, Northern Territory, suggesting potential for deeper Tennant Creek-style copper-gold deposits.

Surefire Resources reports broad, high-grade gold mineralisation at its Yidby Gold Project in Western Australia, with assays revealing up to 15.83 g/t gold over 1m and a mineralised envelope exceeding 100m. The discovery opens new drilling targets for early 2026.

Rincon Resources has entered a multi-stage farm-in joint venture with Greatland Resources on its Telfer South tenements, leveraging Greatland’s local expertise and infrastructure to accelerate exploration and development in the Paterson Province.

Carnaby Resources has reported significant new high-grade copper-gold drill results at its Greater Duchess Project, including a standout 6m at 12.6% copper equivalent at Trek 1. These discoveries extend mineralisation well beyond existing resources and bolster the ongoing pre-feasibility study.