Latest Exploration Milestones News

Iltani Resources has launched a $1 million Share Purchase Plan (SPP) offering existing Australian and New Zealand shareholders the chance to buy shares at a 10.4% discount following a recent $1.8 million placement. The funds will support exploration at the Orient Project and general working capital.

Greenwing Resources confirms NIO Inc.'s subsidiary did not exercise its call option on Andes Litio SA, while advancing exploration at the San Jorge Lithium Project in Argentina.

Battery Age Minerals has completed extensive exploration at its El Aguila Gold-Silver Project in Argentina, confirming free-milling gold and preparing for maiden drilling in the third quarter of 2025.

First Au Limited has entered a binding term sheet to progressively acquire full ownership of the Nimba Gold Project in Liberia, backed by a planned A$1 million equity raise to fund exploration. The project’s proximity to a major West African gold mine and promising drill results position FAU for a strategic expansion into a stable, mining-friendly jurisdiction.

Lunnon Metals’ Managing Director Edmund Ainscough is set to present the company’s latest exploration milestones, highlighting the promising Lady Herial gold discovery and robust nickel assets in Western Australia.

Terra Metals has exercised its option to acquire HRM Exploration, significantly expanding its Dante Project tenure in Western Australia’s West Musgrave region. The all-scrip deal positions Terra to accelerate exploration in a mineral-rich province analogous to South Africa’s Bushveld.

Strickland Metals has launched its largest-ever exploration campaign at the Rogozna Gold and Base Metals Project in Serbia, targeting resource expansion and new discoveries with over 50,000m of drilling planned in 2025.

Ark Mines Ltd has successfully raised A$1.5 million through a fully subscribed placement, enabling a faster development of its rare earth project in North Queensland.

Askari Metals has acquired 100% ownership of a highly prospective gold project portfolio in Ethiopia’s Adola Greenstone Belt, positioning itself near multi-million-ounce deposits in a region ripe for discovery.

Peak Minerals has completed a key phase of rutile exploration at its Minta Project in Cameroon, reporting promising heavy mineral findings and appointing a seasoned mining executive as CEO. The company also secured $2 million through a shareholder entitlement offer to fund ongoing activities.

Infinity Lithium has acquired full ownership of four high-grade gold-silver-copper exploration projects in Victoria’s Lachlan Fold Belt and secured options on additional nearby assets, while its flagship San José lithium project in Spain faces extended regulatory timelines and funding setbacks.

Lithium Plus Minerals Limited (ASX: LPM) reported significant progress on its Lei Lithium Development with advancing environmental approvals and infrastructure design, while its Wingate Project reveals promising large-scale gold potential. The company maintains a solid cash position of AUD 3.6 million as it prepares for upcoming exploration campaigns.