Latest Exploration And Resources News

Verity Resources awaits Botswana Department of Mines approval to launch near-surface exploration on its extensive critical metals portfolio, targeting high-grade copper-silver and nickel-copper-PGE mineralisation with promising historical results and district-scale potential.

Red Mountain Mining has produced a high-grade 51.8% antimony concentrate from Oaky Creek with excellent 85% recovery, setting the stage for upcoming drilling to define the resource along a 3km mineralised strike in NSW.

Ragusa Minerals has started an induced polarisation geophysical survey at the Black Rock Manganese Mine within its Purple Pansy Project in Arizona, aiming to map high-grade manganese mineralisation and prepare for drilling.

Carnaby Resources has extended its high-grade Trek 1 Footwall Lode at the Greater Duchess Project, delivering a 38m intercept at 1.9% copper equivalent and keeping the discovery wide open for further growth.

Terrain Minerals is progressing steadily towards a maiden Mineral Resource Estimate (MRE) for its Lightning Gold Project, targeting July 2026. Key technical and regulatory milestones are being ticked off, underpinning the project’s transition from exploration to resource definition.

OZZ Resources plans to acquire a nickel-copper-cobalt project in Western Australia’s Murchison region, aiming to raise up to $5 million to fund exploration and return to ASX listing.

Redcastle Resources has secured A$2 million through a discounted share placement aimed at accelerating exploration and advancing its development projects across its Eastern Goldfields portfolio.

Heavy Rare Earths Limited has cleared a key cultural hurdle with the Dieri Aboriginal Corporation, paving the way for a 25-hole maiden drill campaign at its South Ridge tin project in South Australia. The program aims to convert promising historic high-grade intersections into a maiden resource estimate, pending environmental approvals and road repairs after unprecedented rainfall.

Barton Gold’s recent drilling at the Challenger Gold Project confirms new open-pittable mineralisation at Challenger South-Southwest and Challenger 3, underpinning potential resource upgrades and a low-risk mill restart.

GBM Resources has reported high-grade gold intersections outside the current 309 deposit resource at its Twin Hills project, reinforcing the potential for resource growth and advancing development plans.

Hawk Resources is raising up to $5.87 million through a placement and entitlement offer to fund drilling and soil sampling at its US copper and WA scandium projects. The raise includes a non-renounceable entitlement offer and options issuance, with dilution risks for non-participating shareholders.

American Tungsten & Antimony Ltd (ASX: AT4) has raised A$10 million through a strongly supported placement and secured a 40% Utah state tax credit, underpinning its strategy to develop a domestic US supply chain for tungsten and antimony ahead of a planned Nasdaq listing.