Latest Exploration And Growth News

TG Metals has strengthened its gold and lithium resource base, but the annual report carries a material uncertainty over its ability to continue as a going concern. The company ended June with $641,906 in cash, before securing a further $2.5 million placement after year end.

FireFly Metals has turned a year of aggressive drilling into a substantially larger, higher-confidence Green Bay resource, backed by an August PEA and fresh funding. The next test is execution: feasibility, permits, construction decisions and the capital required to build a mine.

Duketon Mining will begin searching for a new executive after Managing Director and CEO Stuart Fogarty transitions to a Non-Executive Director role on 30 October 2026. The company says exploration will continue without material disruption, while Fogarty remains involved at Board level.

Codrus Minerals Limited posted a $1.41 million loss for FY26 as it confirmed gold and molybdenum mineralisation at Bull Run, rationalised its portfolio, and secured a binding acquisition of EdgeMet with a $2.5 million capital raise underway.

Vault Minerals has reported a 9% increase in its 2026 Ore Reserves to 3.9 million ounces of gold, driven by notable gains at its Leonora and Deflector operations, underpinning a robust production outlook through FY29.

Talisman Mining secures A$4 million through a strongly supported placement, including significant board participation, to fund exploration and new project opportunities in gold-rich NSW and Western Australia.

C29 Metals has locked in binding commitments for a $2.4 million share placement at 1.2 cents per share, pending shareholder approval at the upcoming AGM. The funds aim to accelerate exploration at its Sampsons Tank project and fuel global acquisition ambitions.

Valiant Gold’s maiden drilling at South Emu-Triton has delivered significant gold intercepts well below the existing resource, reinforcing the deposit’s growth potential and advancing its development pipeline.

Torque Metals has delivered a stunning 11-metre intercept grading 456 g/t gold with visible nuggets at its HHH deposit, underscoring the high-grade growth potential of its Ritz Gold Project in Western Australia.

Hiremii Limited posted an 8.6% revenue increase to $32.4 million and halved its net loss in FY26, reaching adjusted EBITDA breakeven as it prepares to rebrand as AQYR Limited.

Alkane Resources delivered a transformational FY26 with a 590% surge in net profit to A$228.7 million, driven by its merger with Mandalay Resources and record gold equivalent production. The company declared its first fully franked dividend and confirmed solid FY27 guidance.

Dart Mining (ASX:DTM) has agreed to acquire a large, underexplored gold and lithium project near the Gruyere mine in WA’s Yamarna district, backed by a $2 million capital raise to fund exploration and acquisition costs.