Latest Exploration And Resources News

Clara Resources has appointed Duncan Gordon as Executive Director, signalling a strategic pivot to accelerate exploration at its Mareeba Gold Project in North Queensland. Former Managing Director Peter Westerhuis steps down but remains as a consultant.

MinRex Resources has finalized its merger with Electrum Discovery, creating a well-funded ASX-listed explorer with advanced gold and copper projects in Serbia and Australia. The deal brings Electrum’s Tlamino Gold Project and Timok East Copper-Gold targets into MinRex’s portfolio, alongside its existing Sofala Gold Project in New South Wales.

SQX Resources continues to impress with thick, high-grade gold intercepts near surface at its Red Bird project in Arizona, reinforcing open-pit potential ahead of further assays and geophysical work.

MRG Metals Limited has reported high-grade Total Heavy Mineral (THM) assay results from the fifth alluvial target at its Adriano Rare Earth Project in Mozambique, reinforcing district-scale mineralisation across five targets. Mineralogical studies and assays from adjacent licences are pending, supporting the broader Adriano-Fotinho critical mineral corridor potential.

Cannindah Resources Limited has finalised the second tranche of its share placement, issuing over 87 million shares to raise nearly $4 million, following shareholder approval and regulatory compliance.

Alicanto Minerals has obtained an A$18.1 million non-dilutive funding package from Stria Lithium, including cash and equity, to support resource expansion at the Mt Henry Gold Project, where diamond drilling is currently underway.

Asara Resources (ASX:AS1) has reported strong drilling results from the Massan deposit at its Kada Gold Project in Guinea, demonstrating broad and continuous gold mineralisation along strike and down-dip. The results support significant resource growth potential and ongoing drilling efforts.

Dalaroo Metals has launched a comprehensive soil geochemistry program at its Bondoukou Project in Côte d’Ivoire, aiming to delineate a 9km gold corridor and identify new drill targets following earlier high-grade discoveries.

Pacgold Limited (ASX: PGO) has marked a significant milestone by producing its first gold at the White Dam Gold Project in South Australia, transitioning from an explorer to a gold producer. The company is progressing with plant upgrades and plans for pad expansion to increase production capacity.

Torque Metals Limited (ASX: TOR) reports significant new high-grade gold intercepts from recent drilling at its Paris Gold Project in Western Australia, extending mineralisation up to 500 metres beyond the current Mineral Resource Estimate. The company plans an interim resource update in Q2 2026 amid ongoing multi-rig drilling.

Anson Resources has completed a 23-hole drilling program at its Yellow Cat Uranium Vanadium Project in Utah, confirming mineralization extends 2,500 metres along strike between historical workings. Assay results for uranium, vanadium, and critical minerals are pending, with further drilling planned to establish a JORC resource.

Saturn Metals Limited has announced exceptional high-grade gold assay results from its Apollo Hill Gold Project in Western Australia, including a record 1m intercept grading 277g/t Au. These findings highlight significant untapped northern extensions beyond the existing 2.24Moz Mineral Resource and support ongoing exploration and resource growth.