Latest Exploration Permitting News

EQ Resources delivered a breakout quarter with A$79 million revenue and A$22.5 million operating cash flow, driven by a 176% production surge at Mt Carbine and soaring tungsten prices. The company greenlit a major expansion to double crushing capacity, targeting commissioning in Q3 FY2027.

Carnarvon Energy has contracted the Transocean Equinox rig for a multi-well drilling campaign in the Bedout Sub-basin starting April 2027, following a 92% increase in prospective resources from its seismic MegaMerge project. The company maintains a robust cash position of A$98 million with no debt, underpinning its exploration and development ambitions.

Canadian Phosphate (ASX: CP8) has kicked off a 3,000-metre drilling campaign at its Wapiti Phosphate Project in British Columbia, aiming for a Mineral Resource Estimate by late 2026 that will support both traditional fertilizer and advanced battery material markets.

Minerals Exploration Limited has completed its first phase of diamond drilling at the historic Jubilee Gold Mine within the Waitekauri Gold Project, confirming multiple quartz-mineralised zones and exceptional high-grade rock chip assays. Exploration continues with promising results at the Invincible Gold and Glenorchy Tungsten projects.

Santana Minerals has reported exceptional high-grade gold intercepts from infill drilling at its Rise and Shine orebody, including a standout 24.4m at 10.9 g/t Au and a deeper 2m section grading 89.5 g/t Au. These results enhance confidence in the deposit’s grade model and the upcoming mining schedule.

Critical Resources identified 14 pegmatite bodies at Mavis Lake’s Corona Field and confirmed high-grade tungsten and gold systems in New Zealand, while progressing its solid-state lithium-ion battery technology to full-format pouch cells.

Zeotech completed a 110-hole drilling campaign at Toondoon, secured key approvals, progressed AusPozz™ commercial trials, and demonstrated a 92% methane reduction in landfill trials.

Zeus Resources (ASX:ZEU) is set to acquire the Diaguili copper-gold project in Mauritania for US$2 million, backed by a fully funded $2 million placement. The shallow historical drilling shows promising copper grades, with mineralisation open at depth and along strike.

Latitude 66 has locked in critical exploration permits for its high-grade KSB Project in Finland, enabling an accelerated development phase including drilling and advanced studies.

Megado Minerals has unveiled compelling magnetic survey results at its Alpartir Silver-Copper-Antimony Project in northern Spain, setting the stage for systematic exploration and drilling pending shareholder approval.

European Resources Limited has boosted its Korsnäs rare earth project with a 15.4 million tonne Inferred Mineral Resource and promising metallurgical advances, while new seismic anomalies open fresh exploration avenues.

Brazilian Rare Earths (ASX: BRE) reports standout drill results with 1.3m at 10.9% TREO including 5.8% Y2O3, expanding its Monte Alto District rare earth footprint in Bahia, Brazil.