Latest Exploration Budget News

Genesis Minerals has announced a recommended scheme to acquire Magnetic Resources for A$639 million, significantly expanding its gold resource base and advancing its ambitious ASPIRE 500 production goal.

IMDEX Limited has reported its strongest first half ever, with revenue climbing 16% to $247 million, driven by robust market share gains and key acquisitions that broaden its mining technology portfolio.

Capstone Copper forecasts steady 2026 copper output with a $495 million capital expenditure plan focused on key growth projects and exploration in Chile.

DPM Metals has reported record financial results for 2025, driven by strong free cash flow and earnings, while advancing key projects and maintaining a low-cost production profile. The company’s three-year outlook highlights significant production growth and disciplined capital management.

Cannindah Resources has raised $15 million through a two-tranche placement and launched a $2 million share purchase plan to fund expanded exploration at its Mt Cannindah Copper-Gold Project.

Solara Minerals has completed the first stage of drilling at its promising Degrussa West gold-copper project, with assay results expected soon. The company also secured a $180,000 government grant to support further exploration across its Bryah Basin portfolio.

Emmerson Resources has reported a significant increase in its White Devil gold resource at Tennant Creek and kicked off feasibility studies alongside a $6.9 million exploration budget for early 2026.

Regis Resources has reported a robust December quarter marked by record cash generation and an extended mine life at Duketon North, underpinned by disciplined costs and promising exploration results.

True North Copper’s 2025 drilling at Mt Oxide confirms extensive copper-silver-cobalt mineralisation, validating new targets and underpinning a fully funded 2026 exploration program.

Strategic Energy Resources has reported promising copper and gold intersections from its latest diamond drilling at the Canobie Project in Queensland, reinforcing the potential for a major discovery under its joint venture with Fortescue.

Magmatic Resources has launched a significant 5,000-metre diamond drilling campaign at its Myall copper-gold project, backed by Fortescue under a $3.5 million FY26 exploration budget. The program targets multiple promising porphyry-style deposits, aiming to build on earlier encouraging results.

Emmerson Resources and Pan African Resources have approved a $6.9 million exploration budget for the Tennant Creek Joint Venture in Q1 2026, marking the largest quarterly spend in over two decades. The program targets high-grade gold deposits with extensive drilling and geophysical surveys.