Latest Exploration And Resources News

KGL Resources has secured comprehensive funding for its Jervois Copper-Silver-Gold Project, combining a US$300 million streaming deal and a A$300 million equity raise, positioning the project for construction start in Q3 2026 and first copper output in 2028.

Arika Resources has locked in strong assay results extending gold mineralisation at Yundamindra and commenced drilling at Kookynie, backed by full project ownership and a $6.55 million placement.

Riedel Resources has transformed into a multi-project gold explorer with the acquisition of controlling interests in the Cosmo and Mt Venn projects in Western Australia, complementing its Kingman asset in Arizona. The company is gearing up for maiden drilling and expanded exploration across its portfolio.

Kingston Resources faces a major operational setback with the Pearse South open pit failure, prompting a strategic pivot to underground resource expansion and a $12.9 million capital raise to fund a 25,000m drilling campaign.

Rapid Critical Metals has kicked off drilling at its Webbs Silver Project, expanded its NSW footprint with the Tooloom acquisition, and secured a key permit for gallium-germanium drilling in Canada, while metallurgical tests at Webbs and Consol show promising recoveries.

Canadian Phosphate Limited has completed its acquisition of the Diamond Mountain Phosphate Project in Utah, adding a significant 49.9 million tonne phosphate resource to its portfolio. The company plans extensive exploration to validate and upgrade the resource to JORC standards, positioning itself for growth in North American fertiliser and battery markets.

Boab Metals has secured key contracts and financing milestones, accelerating the Sorby Hills Silver Lead Project with first production slated for H2 2027.

Aeris Resources has lifted its Group Mineral Resources by 24% and Ore Reserves by 50% to 61Mt and 21Mt respectively, driven by the Peel Mining acquisition and exploration success across its portfolio.

Titan Minerals has ramped up drilling at its Dynasty Gold Project, confirming extensions to mineralisation and advancing scoping studies ahead of a resource upgrade targeted for early 2027.

Augustus Minerals reported promising gold assay results at its Music Well project, alongside progress in Papua New Guinea exploration and a $2.5 million capital raise featuring Gold Fields’ backing.

Perseus Mining reported a robust June quarter with 109,013 ounces of gold produced at an AISC of US$1,941/oz, record FY26 cashflows of US$769 million, and Nyanzaga Gold Project 67% complete on track for January 2027 production.

White Cliff Minerals has delivered robust high-grade copper results at its Rae Copper Project, notably along the Teshierpi Fault Zone, while securing significant funding and completing the divestment of its Great Bear Project.