Latest Exploration Licence News

ADX Energy reported a 24% drop in production due to mechanical issues but is advancing well workovers and new drilling, supported by a $3.5 million capital raise and plans for a dual listing in Oslo.

Pacific Resources Limited (ASX, PXR) has executed a 19-month option to acquire the high-grade Eastern Victorian Goldfields Project, while progressing exploration at its Tasmanian assets and completing a $1.5 million placement.

Vertex Minerals has advanced its underground gold production at the Reward Gold Mine, commissioning tele-remote mining systems and securing $4.5 million in loan facilities to support its ramp-up phase.

Kaili Resources has reported promising rare earth element assay results from its South Australian tenements and launched a new focused drilling campaign at the Mallee Project, signalling a step forward in its exploration ambitions.

Vintage Energy revises its December 2025 quarterly report to highlight a conditional agreement to acquire Metgasco’s licence interests, while production dips amid ongoing operational efforts.

Vintage Energy reported a 13% drop in quarterly sales revenue to $0.78 million, driven by lower gas production, while progressing a strategic acquisition to consolidate its Southern Flank Joint Ventures.

Magnetite Mines broadens its strategic partnerships and progresses key approvals for the Razorback Iron Ore Project, while uncovering new rare earth mineralisation and expanding its green iron consortium.

Clara Resources has progressed its Ashford Coking Coal Project with a planned drilling program and completed a $1.587 million capital raise, while moving to acquire a promising gold project in Far North Queensland.

Infinity Metals has completed drilling at its Cobungra Gold-Copper-Silver Project in Victoria, confirming mineralisation over a 2km strike, while awaiting regulatory feedback on its San Jose Lithium Mining Licence Application in Spain.

BOA Resources has secured a significant foothold in Western Australia’s Murchison Copper Belt with a 49% stake in the Neds Creek copper project, setting the stage for targeted drilling and exploration backed by a $3.75 million capital raise.

Nagambie Resources and Alkane Resources have entered a binding agreement for a joint venture that could see Alkane invest up to $27.5 million to earn an 80% stake in Nagambie's key mining tenements, leveraging Alkane’s existing processing infrastructure to accelerate production.

Kingsrose Mining’s December quarter report reveals steady progress in its Finnmark exploration alliance and a significant permitting hurdle at its Penikat project in Finland. The company maintains a solid cash position as it plans for 2026 drilling campaigns.