Latest Exploration And Resources News

Andean Silver Limited has appointed Matthew Allen as CEO, marking a strategic leadership shift to accelerate development at its Cerro Bayo silver-gold project. Former CEO Tim Laneyrie transitions to Technical Director to focus on exploration and resource expansion.

Adavale Resources has identified a compelling porphyry target at its Ashes Prospect through integrated geophysical data and expanded tenure near its Parkes Gold-Copper Project. The acquisition of adjacent licences also extends the London-Victoria gold corridor, unlocking fresh exploration opportunities.

Regis Resources reports robust underground Ore Reserve growth at the Tropicana Joint Venture, extending mine life and boosting confidence in future production. The latest figures reveal a 500,000-ounce increase since 2021, underscoring the asset’s world-class status.

Mitchell Services Limited reported a solid half-year performance with revenue up 3% to $102.4 million and EBITDA soaring 69% to $21.4 million, returning to profit after a prior loss. The company declared a fully franked 4 cent dividend, reflecting strong cash flow and disciplined capital management.

MGX Resources reported a $20.8 million half-year loss, driven by a major rockfall at Koolan Island that halted mining and triggered a $60 million asset impairment. The company is pivoting towards gold with its recent acquisition of a 50% stake in the Central Tanami Project.

PhosCo Ltd has raised $5 million through a strongly supported share placement to fund exploration and development at its Gasaat Phosphate Project in Tunisia, positioning the company for upcoming resource milestones.

Javelin Minerals has identified multiple promising gold and copper exploration targets at its Coogee Gold Project in Western Australia, setting the stage for an extensive drilling campaign in 2026. The discoveries build on historical data and new geophysical surveys, highlighting significant potential near existing resources.

Magmatic Resources has reported significant gold intersections from recent drilling at its Weebo Gold Project, confirming extensive shallow mineralisation across multiple prospects. The company is poised to advance these targets with further drilling and resource definition in 2026.

Strickland Metals reports robust gold intercepts from recent drilling at the Gradina Deposit within its Rogozna Project in Serbia, highlighting significant potential to expand the resource. The company is well-capitalised and gearing up for further exploration and resource updates.

Horizon Minerals unveils robust scoping study results for its Black Swan Project in WA, outlining a low-capital, high-return gold development targeting 102,000 ounces annually. The company launches a $175 million placement to fund construction and advance operations toward mid-2027 commissioning.

Cauldron Energy has announced a major uranium resource upgrade at its Yanrey Project in Western Australia, now exceeding 55 million pounds of uranium oxide. Backed by strong project economics and fully funded drilling for 2026, the company is poised to capitalise on the global nuclear resurgence amid ongoing policy challenges.

Altitude Minerals has successfully drilled the T55 Target at its Byrock Project in New South Wales, confirming a copper-gold porphyry system consistent with the Macquarie Arc extension. This milestone supports advancing their earn-in agreement and sets the stage for further exploration.