Latest Exploration And Growth News

Arika Resources has completed its acquisition of 100% ownership of the Yundamindra and Kookynie gold projects, consolidating control over key assets in Western Australia’s Eastern Goldfields and setting the stage for accelerated exploration.

Pacgold Limited is demerging its North Queensland gold-antimony projects into a new company, Manda Resources, which will pursue an ASX listing in late 2026. Shareholders will retain exposure to the North Queensland portfolio via free shares while Pacgold sharpens its focus on ramping up production at White Dam.

Desert Metals Limited has raised $1 million through a placement at a 2.9% premium, backing exploration at its Scotty Lithium and Monger Gold projects alongside new growth opportunities.

Magnum Mining pivots to exploration-led growth, focusing on its Brazilian Piracanjuba rare earth project with a major drilling campaign and fresh leadership, supported by a $7 million capital injection.

Redcastle Resources has launched continuous mining at its Redcastle Reef gold deposit, advancing from exploration to production under a capital-light joint venture with BML Ventures. Ore haulage to third-party processing is scheduled to begin in June 2026, with first toll treatment expected in July.

Kingsrose Mining has appointed Andrew Caruso as its new CEO, bringing over three decades of mining leadership experience to drive its Scandinavian projects and acquisition strategy. His remuneration package includes a base salary of CND$400,000 plus performance-linked incentives tied to share price milestones.

Cyprium Metals has made substantial progress on its Nifty Copper Complex restart, targeting copper cathode production by September 2026 while securing A$41 million to fuel exploration and growth.

West Wits Mining has poured its first gold at Qala Shallows, marking its transition to production, while securing substantial funding and advancing plans to scale output.

Turaco Gold has lifted its Afema Project gold resources by 15% to 4.65 million ounces, driven by multiple deposit upgrades and maiden resource declarations. The Pre-Feasibility Study is on track for Q2 2026, underpinned by a strong cash position and ongoing drilling campaigns.

Proteomics International is pivoting from research to disciplined commercial execution of its proteomics-based diagnostic tests, focusing on distributor partnerships and reimbursement pathways in Australia and the US.

Hillgrove Resources (ASX:HGO) marked its first full year of underground copper production at Kanmantoo with 11,315 tonnes produced, returning to profitability and significantly boosting its Mineral Resources and Ore Reserves. The company is advancing growth projects and sustainability initiatives to underpin a production ramp-up in 2026.

Orezone Gold Corporation reported a 35% jump in Q1 2026 gold production, driven by Bomboré’s hard rock expansion and the acquisition of Quebec’s Casa Berardi mine. Operational hiccups with emulsion supply slowed high-grade ore sequencing but did not derail cost guidance.