Latest Exploration Budget News

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.

Ora Banda Mining has reported significant new high-grade gold intercepts from drilling at its Sand King northern corridor, pointing to a potential expansion of its mining inventory and extended mine life.

Somerset Minerals Limited has launched a C$2.25 million flow-through share offer targeting Canadian investors, aiming to accelerate exploration activities at its Jura project. The capital raise complements a planned institutional placement and highlights both growth ambitions and inherent risks.

Moho Resources has sold its Silver Swan North Project to Mineral Mining Services, boosting funds for its maiden drilling program at the promising Bush Chook Project in Western Australia’s Pilbara region.

Northern Star Resources commits A$225 million to its FY26 exploration program, revealing promising drilling results and new prospects across key assets including Kalgoorlie, Yandal, Pogo, and the newly acquired Hemi Development Project.