Latest Exploration And Resources News

Rox Resources has delivered strong drilling results at its Youanmi Gold Mine, confirming promising underground grades and new exploration targets that could extend mine life beyond current plans.

LCL Resources has been granted the Kau Creek Exploration Licence in Papua New Guinea, consolidating its tenure over a significant mineralised corridor with historic high-grade gold and silver results. The milestone triggers a A$200,000 payment from Rio Tinto under their farm-in agreement, setting the stage for expanded exploration.

EQ Resources reported FY26 tungsten production of 1,189 tonnes WO3 and is advancing major expansion projects at its Mt Carbine and Barruecopardo mines to more than triple output amid tightening global supply.

Genesis Minerals and Vault Minerals have agreed to merge, creating a top-3 Australian gold producer with a pro-forma market cap of about A$12.66 billion and annual production of 600-700koz.

Miramar Resources has received a A$238,456 refundable R&D tax offset for FY2025, supporting innovative exploration techniques at its Whaleshark and Bangemall projects. This non-dilutive funding strengthens the company’s cash position ahead of planned drilling and surveys.

Manuka Resources has lifted the Wonawinta Silver Mine's Ore Reserve by 28%, underpinning its imminent restart of silver and gold production with upgraded plant facilities and contracted mining operations.

EQ Resources has completed its acquisition of Aus Critical Minerals and TTTP1, boosting its Mt Carbine tungsten exploration footprint by 45% to 1,136 km² and reinforcing its regional hub strategy.

Right Resources Limited has raised A$2.7 million through a placement anchored by major shareholders, including directors, to fund drilling and exploration across its Tumbarumba and New England projects.

Dart Mining’s final assays from a 4,100m drilling campaign at Banshee reveal continuous gold mineralisation along a 730m strike, underpinning plans for a maiden resource estimate and increased project equity.

Taiton Resources has finalised a placement of 1.14 million shares at 7 cents each, including shares and options issued to insiders following shareholder approval.

Alara Resources (ASX:AUQ) is seeking to raise $3.84 million through a pro-rata non-renounceable entitlement offer, partially underwritten by major shareholder ATI. The funds will primarily support exploration and working capital amid ongoing operational progress at its Oman copper projects.

Torque Metals has significantly expanded its Paris Gold Project resource, reporting a 67% jump in contained gold ounces to 253,000 oz at a robust 3.8 g/t grade, underpinning an aggressive growth strategy targeting a million-ounce resource within two years.