Latest Exploration And Resources News

Lightning Minerals has locked in A$1.85 million through a two-tranche placement to accelerate drilling and exploration at its Mt Turner Gold Project, underpinning its strategic pivot to gold-led growth.

Dalaroo Metals has pinpointed a continuous 4.3km gold-in-soil anomaly at its Gold Ridge Prospect in Côte d'Ivoire, aligning with a major 9km geophysical corridor and artisanal workings. A 5,000m auger drilling program is set to test the bedrock source ahead of maiden RC drilling.

Godolphin Resources has agreed to sell its 49% interest in the Calarie Project to Adavale Resources in a deal structured around shares and long-dated options, aligning with a strategic shift towards its core assets.

Adavale Resources has boosted its Parkes Project gold resource by 44% to 166,000 ounces through a 100% scrip acquisition of the Calarie mining licence and three exploration licences, consolidating its belt-scale position in NSW’s Lachlan Fold Belt.

Savannah Goldfields updates the Electric Light Mineral Resource at Georgetown, reporting 46,000 oz gold at 3.9 g/t including an Indicated category for the first time, underpinning future mining plans.

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.

Accelerate Resources has raised A$2 million in a two-tranche placement to fund aggressive exploration at its Balagundi Gold and Woodie Woodie North Manganese projects, aiming for a busy news flow through 2026.

Ore Resources has secured an option to acquire six tenements adjacent to its Miriam Gold Project, expanding its landholding along the Miriam Shear Zone and reviving interest in underexplored historical gold prospects.

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.

Strickland Metals has expanded the Gradina Deposit's inferred gold resource by 600,000 ounces, pushing the Rogozna Project's total resource to 9.24 million ounces gold equivalent and reinforcing its Tier-1 status.

Meeka Metals is transitioning to underground mining at its Murchison Gold Project, with capital investment tapering and exploration drilling underway to support resource growth and production expansion.

Nexus Minerals has kicked off its major Wallbrook drilling campaign with high-grade gold results at the Clement Prospect, confirming a multi-lode system and bolstering hopes for a maiden resource estimate.