Latest Exploration And Development News

Strata Investment Holdings delivered a £16.48 million comprehensive profit for H1 2026, driven by a strong revaluation of its investment portfolio and maiden royalty income from Botswana copper assets.

Black Canyon has launched a 5,000m RC drilling campaign at its Wandanya Project, extending the manganese mineralisation footprint to 3.4km and targeting further iron-rich zones along a 9km trend. The maiden resource estimate remains on track for September 2026.

Adavale Resources has wrapped up its 85-hole drill program at London-Victoria with strong assay results confirming broad and high-grade gold mineralisation beyond the existing resource boundary. An updated Mineral Resource Estimate is expected in Q3 2026, setting the stage for a scoping study.

Sinclair Gold has cleared a key drilling milestone at its Mt Henry project, prompting a $5 million cash payment to Westgold and cancelling over 7.5 million performance rights. The company also moves closer to completing a royalty deal with Stria Lithium, while preparing for a resource update by year-end.

Golden Deeps has kicked off a deeper diamond drilling program at its Graceland discovery in Namibia, aiming to test high-grade copper-silver-zinc-lead-germanium sulphide zones analogous to the world-class Tsumeb deposit. Recent shallow drilling confirmed continuity of exceptional grades, underpinning the exploration push.

Sandfire Resources Ltd (ASX:SFR) posted a 41% revenue jump to $1.65 billion and a 282% surge in net profit to $355.8 million for FY26, driven by strong operational performance and robust commodity prices. The company declared a fully franked 35 Australian cents per share dividend and advanced its Kalkaroo Copper-Gold Project with a $70 million pre-feasibility study underway.

Enova Mining delivers promising metallurgical results from its Poços de Caldas project, revealing neodymium-praseodymium recoveries up to 79% and confirming high-grade near-surface rare earth mineralisation.

iTech Minerals has unveiled a transformative year at its Reynolds Range project with high-grade gold-antimony discoveries and a lithium joint venture with SQM, while managing a $1.09 million net loss and bolstering its cash reserves.

Resouro Strategic Metals reported a $1.01 million loss for Q1 2026 while advancing its Tiros Rare Earths and Titanium Project with a robust Preliminary Economic Assessment and closed a $2.5 million private placement.

Neometals faces uncertainty over $7.5 million owed from its Tranche 2 placement but gains financial flexibility through a new $2 million standby debt facility with a former chairman's company.

True North Copper Limited (ASX:TNC) has opened a Share Purchase Plan allowing eligible shareholders to buy up to $30,000 of shares at $0.37 each, a 14% discount to recent trading prices. The SPP complements an institutional placement, targeting a combined raise of $20 million to fund the Mt Oxide Copper Project.

Alvo Minerals has secured 100% mineral rights over a 575-hectare tenement contiguous with its Bluebush Heavy Rare Earth Element project in Brazil, expanding its footprint along the northern Serra Dourada HREE province and consolidating the Boa Vista prospect area.