Latest Exploration Incentive Scheme News

Lunnon Metals reports a first-ever gold Mineral Resource at Lady Herial alongside strong financial outcomes from its Scoping Study, while advancing negotiations with Gold Fields Ltd for ore processing.

Dreadnought Resources has reported promising shallow gold intercepts from its inaugural drilling at Steve’s Reward within the Mangaroon Gold Project, signalling a potentially significant new discovery in Western Australia.

Metal Hawk Limited reports impressive high-grade gold samples at its Leinster South Project and kicks off a major drilling campaign, backed by a government grant.

Mantle Minerals has agreed to sell its Mt Roe gold project subsidiary for $13.5 million, marking a pivotal step in its growth strategy. The company also secured a government drilling grant for its Mt Berghaus project and raised $250,000 to support ongoing operations.

Global Lithium Resources has unveiled promising diamond drilling results at its Marble Bar Project, intersecting altered granodiorite with anomalous gold assays including a standout 5.07g/t Au over 1m. These findings bolster the case for a significant intrusive-related gold system in Western Australia’s Pilbara region.

Norwest Minerals has reported a substantial 33% increase in its Bulgera Gold Project resource to 288,400 ounces and secured $4.85 million to advance exploration, including a new drilling campaign targeting deeper gold zones.

Strata Minerals Limited is set to recommence diamond drilling at its Penny South Gold Project in Western Australia, aiming to build on promising initial results. The program, co-funded by the WA government, marks a critical step in advancing exploration with new structural insights expected.

Ausgold Limited’s Definitive Feasibility Study for the Katanning Gold Project confirms a decade of strong gold production and robust financial returns, while regional exploration efforts continue to expand the growth pipeline.

Strata Minerals reports promising maiden drilling results at its Penny South Gold Project and high-grade sampling at Biranup, backed by a government co-funded drilling grant and fresh capital raise.

Galileo Mining reports robust cash reserves and promising platinum group element assays at its Norseman project, while advancing exploration at Fraser Range and extending its lithium joint venture with Mineral Resources Ltd.

Dreadnought Resources has fortified its balance sheet with an $8.5 million capital raise and secured a $15 million joint venture with Teck Resources, advancing its Mangaroon gold and critical minerals projects.

Kula Gold Limited has reported impressive high-grade gold drilling results at its Mt Palmer Gold Mine, completing an 80% JV earn-in, while progressing exploration at Kirup and securing a niobium project approval in Malawi. The company faces a tight cash position but is actively managing funding.