Latest Exploration Permits News

Pancontinental Energy has identified two new prospects in its PEL 87 permit, boosting its high case prospective resources to 6.1 billion barrels of oil net to the company. While progressing farmout discussions, the company awaits a critical permit extension decision from Namibian authorities.

PVW Resources advances its Brazilian rare earth projects while pursuing a strategic gold acquisition in the US, streamlining its portfolio to enhance capital efficiency.

ENRG Elements Limited has secured $2 million through a capital raise, renewed key uranium exploration permits in Niger, and is strategically pivoting towards gold opportunities in Central Asia, alongside a corporate rebranding to Barys Resources Limited.

ActivEX Limited has completed a $900,000 placement to fund exploration across its Queensland gold and rare earth element projects, while reporting a cash balance of $98,000 at quarter-end. Key drilling results are awaited as the company progresses multiple tenements and JV discussions.

Equatorial Resources has completed the final hearing in its high-stakes arbitration against the Republic of Congo and is pursuing clarity on permit cancellations in Guinea, all while maintaining a solid cash reserve.

Eagle Mountain Mining has made significant strides this quarter, including a $1.66 million capital raise and a potential joint venture with Japan’s Nittetsu Mining to develop its Oracle Ridge copper project.

BMC Minerals has successfully listed on the ASX, raising A$100 million to accelerate exploration and development of its polymetallic Kudz Ze Kayah Project in Canada’s Yukon. The company’s strong feasibility study and binding offtake agreements position it as a future leader in silver and zinc production.

Siren Gold Limited has advanced its New Zealand gold and antimony projects with a major drilling campaign at Sams Creek and promising exploration results at Queen Charlotte, while navigating regulatory hurdles.

Enegex Limited has reported promising gold exploration results in Côte d’Ivoire and Western Australia, supported by a $5 million capital raise and strategic board appointments.

WIN Metals has unveiled a robust scoping study for its Butchers Creek Gold Project, confirming a 9-year mine life and solid economics, while exceptional high-grade drilling at its Radio Gold Project points to near-term development potential.

3D Energi Limited has voluntarily suspended trading of its shares on the ASX as it navigates funding challenges and the future of its VIC/P79 exploration permit. The suspension will last until early February or until further updates are provided.

3D Energi has confirmed two significant gas discoveries in the Otway Basin but now confronts a funding shortfall that has led to a trading suspension on the ASX.