Latest Exploration Budget News

Sierra Nevada Gold (ASX: SNX) is refocusing its exploration budget and management attention on its promising As Safra copper-gold project in Saudi Arabia, triggering a strategic review and commercialisation of its Nevada, USA portfolio which is attracting strong buyer interest.

St Barbara Limited retracts previously released historical surface sample results after ASX consultation, while announcing a significant 64% increase in its Nova Scotia gold exploration budget to A$4.1 million for FY27, alongside a doubling of its exploration team and an ambitious drilling and survey program.

St Barbara Limited is ramping up its gold exploration in Nova Scotia, increasing its FY27 budget by 64% and doubling its exploration team to accelerate resource growth near the 15-Mile Processing Hub.

Aeris Resources outlines FY27 production largely in line with FY26, while sharply increasing growth capital to advance the Constellation project and boosting exploration across assets.

Bindi Metals has signed a binding agreement to divest its Biloela copper-gold project in Queensland to Jacaranda Natural Resources, retaining a 2% royalty and milestone-based equity. The sale will free up resources to focus on its Ravni Gold Project in Serbia, pending shareholder approval.

Lunnon Metals boosts cash to $22.2 million as Lady Herial mining wraps up, launching a record $13 million exploration budget targeting up to 2.4 million ounces of gold at Foster-Baker.

Lunnon Metals delivered its best month yet at the Lady Herial open pit, mining over 62,000 tonnes at 1.73 g/t gold and securing a $12 million payment from Gold Fields, setting the stage for a robust finish to operations and a solid cash position for FY2027.

Genesis Minerals delivered on its FY26 gold production targets for the third consecutive year, advancing the Tower Hill project ahead of schedule and completing the Magnetic Resources acquisition.

Brightstar Resources is progressing construction at its Goldfields Project on time and budget, targeting first gold by June 2027 while securing gold price downside protection through put options.

Gold Mountain Limited has raised $4.5 million from a new institutional investor to accelerate exploration of its rare earth and lithium projects in Brazil.

Lunnon Metals has greenlit a $13 million FY2027 exploration budget to aggressively test a conceptual 1.2-2.4 million ounce gold target at its Foster-Baker area within the St Ives gold camp, aiming to drill more metres than in any year over the past six decades.

Genesis Minerals (ASX:GMD) reports robust drilling results at Laverton, underpinning plans to expand processing capacity and organic growth. The completion of the A$639 million Magnetic Resources acquisition adds 2.2Moz to resources, lifting total resources to 21.3Moz and reserves to 5.4Moz.