Latest Exploration And Resource Expansion News

Verity Resources is set to begin a 3,600m drilling campaign at its Monument Gold Project in Western Australia, aiming to upgrade and expand its existing gold resource. The program targets increasing confidence in the Korong deposit and advancing towards a mining licence.

Great Boulder Resources has raised $12.5 million through a placement to institutional investors, positioning the company to fast-track exploration and resource expansion at its flagship Side Well Gold Project.

Zenith Minerals has launched a fully underwritten A$3.5 million entitlement offer to fund an aggressive drilling campaign at its newly consolidated Dulcie Gold Project and advance exploration at Red Mountain. The capital raise aims to expand resources and push towards commercial gold production.

Eclipse Metals has successfully raised $2 million through an oversubscribed placement at market price, aiming to accelerate exploration and environmental work at its Grønnedal rare earth project in Greenland.

Cannindah Resources has confirmed two untested porphyry copper-gold-molybdenum targets outside its existing 14.5Mt Mineral Resource at Mt Cannindah, revealing promising high-grade surface samples and setting the stage for deeper drilling.

Zenith Minerals has secured a binding agreement to sell its 20% stake in Turkey’s Kavaklitepe Gold Project for US$543,000, marking a strategic shift to focus on its Australian gold assets.

Aguia Resources has secured key contracts and financing steps for its Tres Estradas phosphate project in Brazil, aiming for production start by late 2025 and first sales in early 2026.

Norwest Minerals has been granted a key mining lease for its Bulgera Gold Project and launched a $4.85 million entitlement offer to fund aggressive resource drilling and mining evaluations. Meanwhile, exploration at West Arunta reveals promising titanium and base metal intersections, underpinning the company’s growth ambitions.

Northern Minerals has made significant progress on its Browns Range Heavy Rare Earths Project, advancing its feasibility study and exploration while raising $41.5 million, positioning itself as a strategic alternative amid growing geopolitical supply risks.

Delta Lithium has revealed significant progress in its Western Australian lithium and gold assets, underpinned by robust resource estimates and ongoing exploration. The company’s strategic focus on capital discipline and monetising gold positions it well for future growth.

Stellar Resources has reported a significant new high-grade tin intersection at its Queen Hill deposit, potentially expanding the Heemskirk Tin Project’s resource base and boosting production forecasts.

Mithril Silver and Gold Limited reports strong drilling results at its Copalquin gold-silver project in Mexico, backed by a $12.5 million placement to fund an expanded 35,000-metre 2025 exploration program.