Latest Exploration Licence News

Sarama Resources has offloaded its Western Australian gold projects to Riedel Resources for A$3.2 million in cash and shares, securing a substantial equity stake and executive influence in the buyer while limiting shareholder dilution amid its arbitration claim.

Falcon Metals has confirmed gold mineralisation over 750 metres of strike at its Blue Moon project in Victoria, unveiling a fifth stacked gold-bearing structure and returning multiple high-grade visible gold intercepts.

AuKing Mining has rapidly advanced its Tundulu Rare Earths Project in Malawi, confirming extensive carbonatite mineralisation beyond historical targets and securing $8 million to fund an expanded drilling campaign including diamond drilling.

Connected Minerals is set to acquire Frontier Group, gaining control of an 80% stake in the high-grade Bailundo carbonatite project in Angola, backed by a $4.5 million capital raise and planned drilling.

Taruga Minerals has locked in CorePacific Drilling for a maiden 1,000m diamond drill campaign at its Weioko Gold Deposit on Normanby Island, aiming to validate historical high-grade gold hits and explore deeper mineralisation.

Strategic Energy Resources (ASX:SER) has completed its acquisition of 100% of the Diamantina Copper-Gold Project from Anglo American, setting the stage for a maiden diamond drilling campaign targeting promising copper-gold mineralisation in northwest Queensland.

Lincoln Minerals has kicked off air core drilling at its Minbrie Copper Project in South Australia and secured a $3.1 million placement from a strategic investor to fund exploration and follow-up drilling.

LCL Resources has been granted the Kau Creek Exploration Licence in Papua New Guinea, consolidating its tenure over a significant mineralised corridor with historic high-grade gold and silver results. The milestone triggers a A$200,000 payment from Rio Tinto under their farm-in agreement, setting the stage for expanded exploration.

AuKing Mining has confirmed a widespread carbonatite system at its Tundulu Rare Earth Project in Malawi, intersecting carbonatite in 26 of 27 reverse circulation drill holes and setting the stage for diamond drilling to commence.

Macro Metals has secured 100% of the Yandi South Iron Ore Project, adding a historical 4.28Mt resource and promising exploration upside near major Pilbara mines. The deal complements its existing Extension Iron Project stake and mining services contracts.

Group 6 Metals set a new quarterly record processing 77,953 tonnes at its Dolphin Tungsten Mine, producing 21,297 MTUs of tungsten concentrate despite lower feed grades. The company strengthened its cash position to $49.5 million and commenced underground mining, aiming to improve grades and recovery in coming quarters.

Voltaic Strategic Resources has completed acquisition of the remaining 20% interest in key exploration licences at Bundie Bore, gaining 100% ownership and unlocking new gold targets within a prolific WA gold district.