Latest Exploration And Evaluation News

Viking Mines Ltd is set to acquire six tungsten projects in Nevada, including the historically productive Linka Project, supported by a $750,000 investment from American Tungsten Corp. This move positions Viking to tap into critical mineral demand amid soaring tungsten prices and geopolitical supply risks.

Korab Resources Limited reported a positive cash flow for the December 2024 quarter, maintaining a strong liquidity position with funding to support its exploration activities for over 17 quarters.

Lithium Energy Limited’s re-assay of 125 historical rock chip samples confirms significant high-grade gold mineralisation at Mt Usher, Queensland, unlocking promising exploration potential within the Capricorn Gold-Copper Belt Project.

Marmota Limited’s maiden drilling program at the Greenewood gold discovery in South Australia reveals spectacular bonanza-grade gold assays over nearly 1km strike length, positioning the project as a standout in the Gawler Craton.

Alma Metals has completed its 2025 drilling program at the Briggs Copper Project, confirming strong visual copper mineralisation consistent with its geological model and setting the stage for a prefeasibility study. Assay results are expected early 2026, with further drilling planned to refine the resource.

Astral Resources has successfully raised A$65 million through a strongly supported placement to advance its Mandilla Gold Project and accelerate exploration across its Western Australian gold assets.

Leeuwin Metals has announced a maiden Mineral Resource Estimate of 342,300 ounces of gold at its Marda Gold Project in Western Australia, achieved within nine months of acquisition. A 10,000-meter drilling campaign is planned for 2026 to target resource growth, particularly focusing on higher-grade zones.

Panther Metals has successfully closed a $502,000 entitlement offer, backed strongly by major shareholders and directors, to fund key exploration projects in Western Australia and the Northern Territory.

White Energy Company Limited has launched a 5-for-12 partially underwritten entitlement offer at $0.027 per share, aiming to raise approximately $3.5 million to fund mineral exploration and corporate needs. Major shareholders and directors have committed to participate, while the offer excludes ineligible shareholders and related parties.

Gold Hydrogen Limited has confirmed elevated levels of natural hydrogen and helium at its Ramsay 3 well, marking a significant step in its 2025 drilling campaign and reinforcing the potential of its South Australian project.

Alma Metals reports promising assay results from the top 231m of its deepest drill hole at the Briggs Copper Project, confirming continuous copper mineralisation and prompting an extension of the drilling program.

Besra Gold Inc. reported a $3.47 million loss for Q1 2026, weighed down by finance costs tied to a major gold purchase agreement. Despite asset impairments and net liabilities, management remains cautiously optimistic about ongoing funding and project development.