Latest Exploration And Resources News

Diablo Resources has secured key drilling approvals for its Phoenix Copper Project in Utah, accelerating exploration in a critical US copper district. Early surface samples at the Fair Dinkum Prospect show promising copper and silver grades, setting the stage for a pivotal drilling campaign.

King River Resources has appointed seasoned geologist and executive Graham Gadsby as Managing Director, aiming to leverage his proven track record in gold exploration and operational turnarounds to drive the company’s future growth.

Verity Resources has successfully raised $3 million through a two-tranche placement to accelerate drilling and resource upgrades at its Monument Gold Project amid strong gold market conditions.

FMR Resources has raised $3.4 million through a strategic equity placement to accelerate exploration at its Southern Porphyry target in Chile, aiming to unlock significant copper and gold potential.

Novo Resources has initiated its first reverse circulation drilling at the Sherlock Crossing gold-antimony prospect, while advancing exploration at its Wyloo polymetallic project and NSW gold assets, signaling a busy second half of 2025.

Platina Resources has acquired the Mt McKenna Gold Project in Western Australia’s Laverton district, backed by a robust A$11 million budget to advance exploration. Early results and strategic location near world-class deposits position the project as a promising growth catalyst.

Variscan Mines has secured official approval of its Restoration Plan for the Novales-Udias Zinc Project in northern Spain, unlocking the path to mine production restart and extensive exploration drilling.

Westgold Resources reports a significant 24% increase in gold Mineral Resources to 16.3 million ounces and a 5% rise in Ore Reserves to 3.5 million ounces, underpinning a decade-long Reserve life with robust milling capacity.

Bubalus Resources has identified promising high-grade gold targets at its Wilson’s Hill Project near Bendigo, Victoria, revealing structural similarities to the prolific Bendigo Goldfield and bonanza-grade mineralisation at depth.

Middle Island Resources is set to transform into a global copper-gold explorer through its acquisition of Serbian company Konstantin Resources, expanding its footprint across two continents with over 9,000 km² of highly prospective land.

Marmota Limited has enlisted titanium specialist Richard Stockwell to advance its promising Muckanippie titanium mineral sands project, aiming to refine resource estimates and guide future drilling programs.

Unico Silver Limited has secured $25 million in funding to restart drilling at its Joaquin Project in Argentina, targeting promising high-grade silver zones. The company aims to upgrade resources and deliver a scoping study by mid-2026.