Latest Exploration Milestones News

Perpetual Resources has launched a systematic exploration program across its key lithium projects in Brazil, aiming to expand on recent high-grade discoveries and define new drill targets.

Eastern Metals Limited is set to raise up to AUD 5 million through a public offer to fund its acquisition of Raptor Resources Limited, marking a significant shift in its business focus and a planned re-compliance with ASX listing rules.

Kuniko Limited has secured new funding and is poised to commence drilling at its Commonwealth Gold-Silver Project in New South Wales, targeting district-scale precious metals in a Tier-1 jurisdiction.

Chilwa Minerals has completed soil sampling over 47 rare earth and niobium anomalies in Malawi, confirming key pathfinder elements and prioritizing targets for ongoing diamond drilling. The results highlight significant potential for both heavy and light rare earth elements within the company’s extensive license area.

Legacy Minerals has partnered with Rio Tinto in a farm-in deal that could see up to $25 million invested in exploring the vast Thomson Project in NSW for intrusion-related copper and gold deposits.

Western Yilgarn Limited has raised $698,000 through a share placement to fund exploration and development at its key bauxite-gallium projects, backed by updated resource estimates confirming substantial alumina deposits.

Dart Mining has kicked off diamond drilling at the Coonambula Antimony-Gold Project, intercepting visually high-grade stibnite mineralisation in its first hole. The company is also advancing a government-funded geophysical survey to pinpoint further targets.

Lightning Minerals has completed its first drilling campaign at the Esperança lithium project in Brazil, intersecting multiple thick pegmatite zones that hint at promising lithium potential despite currently low grades.

FMR Resources has initiated a significant 4,000-metre diamond drilling program at its Southern Porphyry target within the Llahuin Project JV in Chile, aiming to validate a large porphyry copper system. Assay results from the first drillhole are expected within weeks, marking a pivotal step in the company’s exploration journey.

iTech Minerals has officially kicked off its lithium joint venture with SQM at the Reynolds Range project, receiving a $2 million payment for an initial 30% stake in lithium rights. This partnership sets the stage for significant exploration activity in the Northern Territory.

Yandal Resources has completed a major air-core and RC drilling campaign at its Arrakis Prospect, revealing a substantial 2.2km mineralised gold structure. Final assay results from air-core drilling are in, with RC results expected soon, setting the stage for further exploration.

Flynn Gold has initiated its first-ever diamond drilling program at the historically rich Double Event gold prospect in Northeast Tasmania, following trenching that revealed an extensive mineralised corridor. The drilling aims to validate and expand on promising surface assay results, potentially unlocking significant value for the Golden Ridge Project.