Latest Exploration And Resource Growth News

Carnaby Resources reports strong September quarter progress, including significant high-grade copper-gold drill results, full JV buyout, and a $12.5 million placement to advance its Greater Duchess project.

Australian Gold and Copper Ltd has significantly expanded its South Cobar exploration footprint through key acquisitions and reported strong high-grade drilling results at its Achilles deposit, underpinning its growth strategy.

Gorilla Gold reports a dramatic 340% increase in its Mulwarrie gold resource and ongoing high-grade discoveries at Comet Vale, backed by a $31.7 million capital raise to fuel further exploration.

FIN Resources Limited has executed a binding agreement to acquire the fully permitted, high-grade Cabin Lake Gold Project in Canada’s Northwest Territories, setting the stage for immediate exploration and resource growth.

Ballard Mining has raised $20.6 million through a premium share placement led by new strategic investor Aurenne Group Holdings, aiming to accelerate exploration and resource growth at its Mt Ida Gold Project. A new, substantial October 2025 Exploration Target highlights significant upside beyond the existing mineral resources.

Tesoro Gold has reported a significant 42% increase in its Ternera gold resource alongside a robust scoping study and a $34 million equity raise to accelerate development of its El Zorro project in Chile.

Lefroy Exploration is set to launch drilling programs at its Burns Gold Deposit, aiming to expand near-surface high-grade gold resources and validate metallurgical recovery. The deposit’s open-ended potential signals a promising phase for the company’s exploration strategy.

Gorilla Gold Mines Ltd has raised A$31.7 million through a placement to accelerate exploration and resource growth at its key Western Australian gold projects. The capital injection strengthens the company’s cash position to about A$42 million, supporting ongoing and planned drilling campaigns.

Brightstar Resources has reported strong assay results from its recent diamond drilling at the Yunndaga deposit, reinforcing plans for an underground mine and resource upgrade within the Menzies Gold Project.

Kaiser Reef Limited has achieved a 33% increase in processing capacity at its Henty Gold Mine, with ongoing ramp-up activities and exploration efforts aiming to extend mine life and reduce costs.

Kalamazoo Resources has significantly increased the Mt Olympus underground gold resource and identified a substantial exploration target, setting the stage for a potential mine life extension at the Ashburton Gold Project.

Javelin Minerals has locked in a $25 million mining and funding agreement with MEGA Resources, boosting its Eureka Gold Project resources and setting sights on production by mid-2026. The company also raised $4.5 million to accelerate exploration at its key WA gold assets.