Latest Exploration Permits News

Central Petroleum has completed its acquisition of strategic interests in the Otway and Cooper Basins, setting the stage for a multi-well exploration campaign starting in the second half of 2026.

Apollo Minerals has regained its exploration permit for the Couflens Project in southern France, unlocking access to the historic Salau tungsten-gold mine and promising significant exploration upside amid rising commodity prices.

Canadian Phosphate Limited has improved its operating cash flow and strengthened its balance sheet through a successful capital raise and asset sale, while advancing key permits and strategic partnerships for its Canadian phosphate projects.

Australian Silica Quartz Group reports promising high-grade quartz results from its Queensland and Western Australia projects, advancing metallurgical trials toward commercial-grade silicon and crucible quartz production.

Oceana Metals has completed trenching at its Solonópole lithium project in Brazil with assay results pending, while conducting technical reviews of its Australian base and precious metals projects.

MinRex Resources and Electrum Discovery reveal promising geophysical survey results identifying two concealed copper-gold targets at Timok East, Serbia, bolstering their upcoming merger plans.

Arrow Minerals maintains a cautious stance as regulatory ambiguity stalls its Guinea projects, while the country’s recent election brings a hopeful backdrop for resolution.

Enegex Limited has defined a substantial new gold drill target at its Tougbe permit in Côte d’Ivoire, supported by robust power auger drilling results that confirm and enhance historical data. Follow-up aircore drilling is set to begin in February, alongside progress on multiple new exploration permits.

Austral Resources Australia Ltd has agreed to acquire the Lady Loretta mine from Glencore for A$45.5 million, consolidating its copper assets near the Lady Annie Copper Mine and boosting its processing feedstock. This strategic move strengthens Austral’s balance sheet and advances its vision to become a mid-tier copper producer in Queensland.

3D Energi’s Charlemont-1 exploration well has intersected probable gas reservoirs in multiple Waarre sandstone layers offshore Victoria’s Otway Basin, marking a promising step in the company’s exploration program.

The Northern Finland Administrative Court has overturned Kingsrose Mining’s exploration permit for the Penikat Project due to procedural errors by the regulator, delaying planned drilling until at least April 2026. Kingsrose remains confident in the project’s long-term potential despite the setback.

Central Petroleum has amended its sub-salt exploration permit sale, excluding the EP82 permit and retaining Helium Australia Pty Ltd, while anticipating a $4.2 million impairment charge in FY26.