Latest Exploration And Evaluation News

Bubalus Resources has streamlined its project portfolio and cut corporate costs, sharpening its focus on priority gold and critical minerals assets in Victoria and the Northern Territory.

Novo Resources Corp. reported a net loss of CAD 22.4 million for 2025, slightly improving from the previous year, while securing a $5.9 million capital raise to support ongoing exploration and operations.

GoldArc Resources has revealed promising high-grade gold intercepts from maiden Aircore drilling at the Whistler Prospect, confirming new blind gold mineralisation zones within its Leonora South Project.

Catalina Resources has divested its Nelson Bay River iron ore project and secured a capital injection from Newcam Metals at a significant premium, bolstering its financial position for future exploration.

Iron Road Ltd has announced a significant $96.5 million non-cash impairment charge on its Central Eyre Iron Project, reflecting a sharp reassessment of the asset’s value ahead of its half-year report.

Vita Resources has unveiled a commissioned re-evaluation of its ICE Copper-Gold Project in Yukon, revealing significant silver, cobalt, and indium mineralisation that upgrades the project to polymetallic status. This fresh insight sets the stage for expanded exploration and resource assessment.

Lake Resources has clarified its latest cash flow report, highlighting $666k spent on environmental and power solution explorations while advancing key regulatory approvals for its Kachi lithium project. The company maintains a robust liquidity position and benefits from new technology partnerships aimed at reducing costs.

GreenTech Metals has completed a transformative acquisition of a majority interest in the Munni Munni platinum group elements project in Western Australia, with drilling underway to verify and expand historic resources.

Lithium Energy Limited has completed the sale of its Solaroz Lithium Brine Project, receiving US$21.7 million in cash and setting the stage for renewed focus on its graphite and gold-copper assets. The company is actively progressing exploration and development programs to meet ASX reinstatement criteria.

Carbine Resources has secured key access agreements and is progressing regulatory approvals for its silica sand projects, maintaining a strong cash position as field activities prepare to restart in early 2026.

Cosmos Exploration Limited has extended its option agreement with EAU Lithium Pty Ltd and focused on a strategic review of its asset portfolio during a seasonal exploration hiatus. The company is positioning itself for targeted activity in 2026 despite cash constraints.

Adavale Resources has reported its highest-grade gold intercepts to date at the London-Victoria Gold Mine, confirming significant potential for resource expansion. The company also strengthened its leadership with the appointment of David Ward as Managing Director, advancing its exploration momentum.