Latest Exploration And Development News

Carnarvon Energy advances its Bedout Sub-basin exploration with a major drilling campaign planned for early 2027, while maintaining a robust financial position and strategic investment in Strike Energy.

Great Northern Minerals has reported promising initial antimony assay results from its newly acquired Catalyst Ridge Project and secured a patent option for advanced rare earth flotation technology from the University of Arizona.

Legacy Minerals has locked in $4 million through an underwriting agreement to ensure full exercise of its listed options, bolstering its cash reserves to $10 million for advancing exploration at Mt Carrington.

Enova Mining has completed over 65% of its diamond drilling program at the East Salinas rare earth project in Brazil, with initial assay results expected by early February. The drilling targets high-grade rare earth mineralisation across multiple prospects, aiming to confirm continuity and support resource development.

Sunstone Metals is seeking shareholder approval for a 30-for-1 share consolidation aimed at simplifying its capital structure and enhancing investor appeal. The move follows a recent placement that left the company with over 7 billion securities on issue.

Kingston Resources reported a solid operating cash inflow of A$3 million for the December quarter, ending with nearly A$25 million in cash despite significant investing and financing outflows.

Aruma Resources has executed binding agreements to acquire a majority interest in the Tillex Copper Project in Ontario, Canada, a high-grade copper-silver deposit with significant exploration potential. The company plans immediate exploration and resource development activities to unlock value in this strategically located asset.

Sandfire Resources reported solid H1 FY26 production with a shift toward stronger H2 volumes, improved safety metrics, and a strategic move to acquire an 80% stake in the Kalkaroo Copper-Gold Project.

Deep Yellow Limited reports strong progress on its flagship Tumas Project with key engineering milestones and exploration successes, while preparing for a leadership transition and navigating a buoyant uranium market.

Breakthrough Minerals has appointed Nigel Broomham as Managing Director to spearhead resource expansion at its North Queensland Copper-Gold Project, signalling a strategic shift towards development.

Legacy Minerals advances its flagship Mt Carrington Project with an expanded scoping study and confirms high-grade mineralisation, while securing a significant farm-in joint venture option with Rio Tinto for the Thomson Project.

Morella Corporation has initiated Federal Court proceedings against former receivers over disputed proceeds from a 2020 asset sale, aiming to recover value for shareholders without disrupting current operations.