Latest Exploration And Resources News

Prospect Resources has completed the sale of its Step Aside Lithium Project in Zimbabwe for up to US$2.2 million, marking a strategic shift towards its larger copper venture in Zambia.

Forrestania Resources Limited has initiated an all-scrip off-market takeover offer for Kula Gold Limited, aiming to consolidate gold exploration assets across Western Australia. The offer, valued up to $58.7 million, comes with unanimous backing from Kula's board.

Chariot Corporation and partners have formalized a phased small-scale mining initiative in Nigeria, aiming to unlock near-term lithium production while advancing larger exploration goals.

Atomic Eagle Limited has begun trading on the ASX following a transformative merger, backed by a strong $20 million cash position to advance uranium exploration in Zambia. The company’s renewed strategy targets resource expansion at its flagship Muntanga Uranium Project.

Redcastle Resources and BML Ventures have submitted a critical Mine Development and Closure Plan for their Queen Alexandra and Redcastle Reef deposits, setting the stage for gold production to commence in early 2026.

BPM Minerals reports outstanding high-grade rare earth element assays from its Durack Project in Western Australia, highlighting the potential for a major monazite-hosted REE deposit. The discovery aligns with growing global demand and Australian government support for critical minerals.

Voltaic Strategic Resources confirms two significant rare earth oxide and gallium mineral systems at its Paddys Well Project in Western Australia, revealing broad high-grade intercepts and strong exploration potential.

Black Bear Minerals has completed the acquisition of the high-grade Shafter Silver Project in Texas, including $150 million in existing infrastructure, positioning itself strategically amid rising silver demand and geopolitical supply shifts.

Strickland Metals reports strong diamond drilling results at its Shanac Deposit in Serbia, revealing extensive gold and base metals mineralisation and confirming potential for resource growth beyond 5.3Moz AuEq.

Catalina Resources has raised A$1.266 million through a share placement to advance its gold exploration in Western Australia's Yilgarn region, alongside proposing a significant share consolidation to streamline its capital structure.

Legacy Minerals has advanced its Mt Carrington project with a positive metallurgical study and initiated an expanded scoping study covering the full 1.2 million ounce gold-equivalent resource. The new study aims to unlock greater value through enhanced processing and existing infrastructure.

Marmota Limited is progressing its scoping study for the Gawler Gold Project, aiming to establish a heap leach facility processing 1 million tonnes annually over seven years. Completion is targeted by March 2026, with key technical workstreams underway.