Latest Exploration Progress News

Marimaca Copper’s 2026 drilling campaign at Pampa Medina reveals multiple stacked high-grade copper mantos, reinforcing the deposit’s scale and continuity across oxide and sulphide zones.

Variscan Mines (ASX:VAR) has secured $690,000 in the first tranche of a $5 million placement, issuing 174 million shares at $0.004 each to new sophisticated investors. The capital raise supports ongoing development at the Novales-Udias zinc-lead project in Spain, which recently reported a JORC resource.

Litchfield Minerals refutes any undisclosed material information behind recent share price jumps, pointing to public engagement, ongoing assays, and market dynamics as drivers of volatility.

Maronan Metals has reported robust assay results from its 2025 infill drilling, revealing significant shallow copper-gold and silver-lead mineralisation that could boost early mining inventory. A revised boxcut design also promises to cut excavation volumes substantially.

Estrella Resources has announced a substantial maiden JORC (2012) inferred limestone resource of 621 million tonnes at its Werumata project in Timor-Leste, highlighting multiple product streams and significant upside potential.

Enegex Limited has kicked off a 3,000-3,500m RC drilling campaign at its Gogo Project in Côte d’Ivoire, targeting three key zones along the Bonoubana trend. Encouraging aircore results from the AW1 and Kalama Bave prospects on the Tougbe Permit highlight multiple mineralised zones with notable gold intercepts.

Novo Resources narrowed its Q1 2026 net loss to CAD 685K, boosted cash to CAD 10.6M following a $5.9M placement, and outlined aggressive gold and antimony drilling campaigns in Australia.

Koonenberry Gold (ASX:KNB) has significantly expanded gold mineralisation at its Sunnyside Prospect within the Enmore Project, NSW, extending continuity over +200m strike and to depths exceeding 415m, including broad intervals and high-grade shoots.

Critical Resources has launched a systematic field exploration program at the Corona Pegmatite Field, aiming to expand its lithium resource pipeline within the Mavis Lake Project in Ontario, Canada.

S2 Resources has confirmed and expanded a broad corridor of gold and multielement soil anomalies north of the historic Wedderburn gold field, highlighting intrusion-related mineralisation potential at its Yeungroon project.

Estrella Resources has completed a Category B market appraisal at its Ira Miri manganese project, confirming a 27,371 tonne stockpile including nearly 5,000 tonnes of high-grade manganese. Exploration upside remains significant with open mineralisation and upcoming geophysical surveys.

Jindalee Lithium has locked in a strongly supported A$11 million capital raise through a placement and entitlement offer to fund its McDermitt Lithium Project and the proposed NASDAQ listing of US Elemental Inc.