Latest Exploration Budget News

PolarX Limited has reported exceptional high-grade copper assay results from its 2025 drilling at the Caribou Dome Copper Project in Alaska, with plans for a substantial 10,500m drilling campaign commencing in June 2026.

PolarX Limited and Northern Star Resources have agreed on a US$6.9 million exploration budget for 2026, focusing on a major drilling program at the Caribou Dome Copper Project, while extending key deadlines amid assay result delays.

West African Resources forecasts a record 430,000 to 490,000 ounces of gold production in 2026, driven by full-year output from Kiaka and sustained performance at Sanbrado. The company plans significant drilling and capital investment to extend mine life and enhance growth.

Ora Banda Mining has reported a staggering 964% increase in its Round Dam gold resource, boosting its total global mineral resources to 3.3 million ounces. This leap underscores the company’s aggressive organic growth strategy and ongoing exploration success.

Golden Mile Resources has raised $730,000 through a discounted private placement to fund accelerated exploration at its promising Aurora and Yuinmery gold projects.

Resolute Mining has reported a substantial 60% increase in its gold Mineral Resources and a 55% rise in Ore Reserves, driven by strategic acquisitions and exploration success across West Africa. The Doropo project in Côte d’Ivoire now anchors over a third of the company’s reserves, signaling a new growth phase.

Havilah Resources has secured a $31.5 million cash payment and $15 million in exploration funding from Sandfire Resources, accelerating plans for drilling and development around the Kalkaroo copper-gold deposit in South Australia.

Brightstar Resources reports strong diamond drilling results at its Sandstone Hub, highlighting high-grade gold intercepts that underpin an imminent Mineral Resource upgrade and ongoing pre-feasibility studies.

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.