Latest Exploration Permits News

Powerhaus Uranium entered the ASX with a $2.14 million annual loss, $1.51 million operating cash outflow and net liabilities at 30 June 2026. A subsequent $9 million IPO and the Hidden Bay acquisition have given the early-stage explorer a larger exploration runway, but drilling remains subject to approvals and future funding will still matter.

DeSoto Resources has assembled about 1,300 square kilometres of gold tenure in Guinea’s Siguiri Basin, but the expansion came with a A$15.0 million FY2026 loss and a A$6.35 million write-off of Northern Territory exploration assets. The company enters FY2027 with drilling, geophysics and tenure renewals still to convert its large portfolio into a defined resource.

Central Petroleum has swung to a $4.9 million FY2026 statutory loss after writing down two Amadeus Basin permits, but its gas business generated higher revenue and margins. The company is now betting on Palm Valley drilling, long-term contracts and new east coast acreage to restore growth.

Eastern Resources has placed its Queensland Marengo Gold Project at the centre of its exploration strategy after 54 of 60 rock-chip samples returned more than 0.1 ppm gold, including a peak of 12.3 ppm. The company remains an early-stage explorer, with no JORC Mineral Resource yet defined and A$3.27 million in cash at year-end.

Altair Minerals has secured an exclusive option over eight permits adjoining its South Oko project in Guyana, adding 29km2 and lifting exposure to the Oko Shear Contact to about 18km of strike. The deal expands exploration optionality, but ownership remains subject to due diligence, staged payments and a future exercise decision.

ActivEX has identified preliminary rare earth element anomalies across an 8km soil grid at its Aramac Project in Queensland, including 28 samples above 1,000ppm TREE. The readings come from handheld pXRF analysis and must be confirmed by laboratory assays now pending from ALS.

Magnum Mining has confirmed broad shallow TREO enrichment across the 8.3 km² Feirinha target in Brazil, led by a 15-metre interval grading 2,190 ppm. The result is encouraging, but recoverability and mineral continuity remain untested as the company shifts to laboratory work.

ADX Energy has lodged a third exploration permit application offshore Italy, expanding its Sicily Channel gas play footprint to around 1650 km2 amid encouraging geological assessments.

Stanmore Resources is set to acquire the Moranbah South tenements for US$105 million, significantly expanding its metallurgical coal resources and enhancing synergies with nearby projects.

Famien Resources has expanded its landholding in Côte d’Ivoire by 871 km2 and reported encouraging gold intercepts from ongoing RC drilling at the Bonougbara Trend, confirming a substantial mineralised system with further work planned.

An independent expert has pegged 3D Energi’s 20% stake in VIC/P79 at US$19.8 million, setting a September deadline for ConocoPhillips to exercise its buy-out right. The valuation, however, is contested by 3D Energi’s board.

Moonlight Resources Ltd (ASX: ML8) completed its first year as a listed entity, rapidly expanding its gold and copper exploration at the Clermont Project in Queensland. The company reported a net loss of $1.98 million for FY2026, reflecting active exploration and corporate growth following its December 2025 IPO.