Latest Exploration And Evaluation News

Ausgold Limited has reported robust drilling results that expand and upgrade the 2.44 million ounce Mineral Resource at its Katanning Gold Project, while advancing key pre-development milestones ahead of a final investment decision targeted by year-end.

Cygnus Metals is set for a transformative acquisition by Central Asia Metals valued at about A$232 million, while its Golden Eye deposit delivers high-grade drilling results that bolster resource confidence.

IRIS Metals posted a $22.3 million loss for FY26, driven by major impairments on exploration assets and elevated share-based payments. The company pivots away from Edison and Tin Mountain projects, focusing on lithium-rubidium in South Dakota and tungsten in Montana.

Ore Resources Ltd has revealed new assay results from a 3,300m RC drilling program at its Kangaroo Hills Lithium Project, confirming significant extensions at the Big Red and Potoroo pegmatites and advancing near-term commercialisation options.

Daly Resources has posted a $352,743 loss for FY2025 amid aggressive expansion of its exploration portfolio, including the acquisition of the Huckitta and North Batten projects. The company is gearing up for a $10 million IPO in 2026 to fund its base metals and fluorite exploration ambitions.

Pure Resources has demonstrated that its Carbon Nanotube Fibre matches copper’s thermal conductivity while weighing up to 5.5 times less, positioning it as a breakthrough for weight-sensitive thermal management in AI and defence sectors.

Trek Metals has marked a breakthrough year with a high-grade manganese discovery at its Christmas Creek Project in Western Australia, supported by strong assay results and expanded exploration tenure. The company bolstered its balance sheet with $19.5 million raised to fund drilling and further exploration.

Australian Oil Company Limited is raising $250,000 through a Share Purchase Plan priced at $0.0029 per share, including free-attaching options exercisable by mid-2028. The capital will support oil production enhancements and exploration in Queensland's Surat Basin.

ChemX Materials remains suspended from ASX trading since December 2024, with no exploration activity reported in Q1 2026. The company secured an unsecured $1.2 million loan facility to support its recapitalisation and operational needs.

Marimaca Copper Corp. reported a robust cash position of $147.7 million in Q1 2026, driven by a C$409 million equity raise, supporting ongoing development of its Marimaca Project in Chile.

Paladin Energy Ltd (ASX:PDN) swung to a quarterly profit with US$8.4 million gross profit and bolstered its balance sheet through a A$400 million equity raise, positioning itself for expansion in uranium production and development.

Alma Metals has raised $4 million through an oversubscribed placement to fund critical drilling and pre-feasibility studies at its Briggs Copper Project, reinforcing investor confidence and positioning the company for increased joint venture control.