Latest Exploration Incentive Scheme News

West Cobar Metals has identified five high-priority copper-gold targets in Western Australia’s Fraser Range and secured a farm-in deal with Minrex Resources to fund upcoming drilling. Positive metallurgical results at its Bulla Park copper-antimony project and a $450,000 placement underpin its exploration momentum.

Western Mines Group has reported a landmark Mineral Resource Estimate for its Mulga Tank project, defining the largest nickel sulphide deposit in Australia with over 5.3 million tonnes of contained nickel. The resource remains open for expansion, supported by ongoing metallurgical testing and government-backed drilling funding.

Impact Minerals reports significant progress across multiple fronts, including a major nickel-copper-PGM anomaly at Arkun and nearing completion of the Lake Hope High Purity Alumina pre-feasibility study.

Global Lithium Resources has resumed its Definitive Feasibility Study at the Manna Lithium Project, focusing on cost optimization and project economics, while advancing heritage and native title agreements. The company also reported significant board changes and a robust cash position heading into 2025.

Tambourah Metals reports promising gold assay results from its Tambourah King drilling program and secures shareholder approval for a strategic acquisition targeting critical minerals at Speewah Nth.

Santos Limited’s 2024 Annual Report reveals a 5% decline in production and a 9% drop in sales revenue, yet the company progresses its climate ambitions with the successful start-up of the Moomba CCS project and robust emissions reductions.

Miramar Resources has unveiled significant nickel-copper sulphide discoveries at its Bangemall project, supported by a $1.8 million capital raise to accelerate exploration across multiple Western Australian projects.

Hamelin Gold Limited advances its Western Australia gold exploration with co-funded drilling programs at Fremlins South and Jazz prospects, while completing a significant $2.8 million capital raise to fuel further activity.

Encounter Resources Limited has unveiled an ambitious 2025 exploration and development program across its Australian critical minerals projects, supported by significant government co-funding and a strong cash position.

Platina Resources has completed diamond drilling at its Xanadu Deeps gold target and is gearing up for further aircore drilling at Challa and Beete projects, maintaining a strong cash position of A$11.77 million.

Dreadnought Resources has bolstered its exploration and development efforts with over A$13 million in fresh funding, advancing its high-grade Mangaroon gold project and critical minerals assets in Western Australia.

Strata Minerals Limited reports encouraging results from its maiden drilling program at the Penny South Gold Project, revealing extensions of key mineralised structures and securing a government co-funded grant to advance deeper diamond drilling.