Latest Exploration Milestones News

Core Energy Minerals (ASX:CR3) has secured $3.025 million through a discounted share placement to fund drilling and resource definition at its Nova Uranium Project in Namibia’s Erongo province.

Daly Resources advances exploration across 6,451 km² in the Northern Territory, revealing fluorite assays up to 95.1% CaF₂ and significant copper-zinc potential backed by strategic investors and government funding.

Alvo Minerals has secured an earn-in agreement for a 656-hectare tenement adjacent to its Bluebush Heavy Rare Earth Element project in Brazil, extending its footprint over the prolific Northern Serra Dourada granite.

Paladin Energy Ltd (ASX:PDN) reversed prior losses with a net profit of US$5.3 million in FY2026, driven by a strong ramp-up of uranium production at Namibia's Langer Heinrich Mine and regulatory progress at its Canadian Patterson Lake South Project.

Latitude 66 Limited has announced a maiden Mineral Resource Estimate for its Tin Dog Prospect and an upgraded resource at Red Dog within the Laverton Gold Project, boosting its total gold inventory to 339,000 ounces at Laverton and 918,000 ounces globally.

Heavy Rare Earths Limited (ASX:HRE) is raising approximately $728,000 through a non-renounceable entitlement offer priced at 2.8 cents per share, accompanied by free-attaching options exercisable at 6 cents. The capital raise aims to fund maiden drilling programs and a strategic review across its key projects.

Regener8 Resources has agreed to divest its entire Kookynie Gold Project to Goldarc Resources for $2.5 million, combining upfront shares and milestone-based payments, freeing capital to focus on its Bosnia exploration.

Connected Minerals Ltd has successfully raised $4.5 million through a placement, clearing the final hurdle to acquire an 80% stake in the Bailundo carbonatite project in Angola.

Codrus Minerals is set to acquire two promising copper and molybdenum projects in Australia and Peru, backed by a $2.5 million capital raise. The deal includes significant share issuance and performance rights tied to exploration milestones.

Bindi Metals has signed a binding agreement to divest its Biloela copper-gold project in Queensland to Jacaranda Natural Resources, retaining a 2% royalty and milestone-based equity. The sale will free up resources to focus on its Ravni Gold Project in Serbia, pending shareholder approval.

Viking Mines has secured full permitting and contractor engagement for its maiden 63-hole drilling campaign at the Linka Tungsten Project in Nevada, alongside metallurgical testwork exceeding recovery targets and a strategic divestment of its First Hit Gold Project.

Thor Energy reported a robust cash position of A$2.8 million at June 30, 2026, and confirmed natural hydrogen concentrations up to 3% at its HY-Range Project. The company awarded a fully funded 464 line-kilometre 2D seismic survey to Velseis, marking a key step towards drilling.