Latest Exploration Progress News

Iron Bear Resources has strengthened its financial position with fresh funding from Vale and a significant share sale, while progressing its flagship iron ore project in Canada amid positive government engagement.

Australian Rare Earths Limited (ASX – AR3) has made significant strides in advancing its Koppamurra Rare Earths Project, securing pilot-scale processing at ANSTO’s new facility and raising $6 million post-quarter to fund development. Concurrently, promising uranium targets have been identified at its Overland Project.

Alchemy Resources reported strong exploration progress in lithium, iron ore, and base metals across Western Australia and New South Wales, highlighted by promising drill results and strategic joint ventures.

Altair Minerals has raised $13 million to fund a major drilling campaign at its Greater Oko Project in Guyana, aiming to explore one of the world's most promising and consolidated gold belts.

PolarX Limited reported steady progress in its Nevada and Alaska exploration projects during the December 2025 quarter, with key drilling programs completed and a significant joint venture funding milestone achieved with Northern Star Resources.

Paterson Resources has completed the first phase of an extensive drilling campaign at its Grace Gold-Copper Project, raising $752,000 through a rights issue to fund further exploration and resource upgrades.

Zeus Resources has made significant progress in its December quarter activities, advancing trenching at the Casablanca Antimony Project and confirming gold and lithium anomalies at Blue Hill. The company also reported stable cash reserves and key corporate developments following its 2025 AGM.

Aldoro Resources has ramped up its Kameelburg REE-Niobium drilling program with a new rig acquisition and strategic partnerships, while withdrawing a key asset sale to Sultan Resources. Exploration at Omuronga continues to show promise.

Tambourah Metals has reported impressive high-grade gold intersections at its Bryah and Tambourah projects, alongside significant critical mineral discoveries at Speewah North, supported by a $5.2 million capital raise to advance exploration.

Lord Resources has reported final assay results from its maiden drilling at the Ilgarari Copper Project, revealing significant high-grade copper extensions and refining its geological model.

Emu NL has reported promising visible copper sulphide mineralisation from its maiden drilling at Fiery Creek, advancing its Georgetown copper-gold project. Meanwhile, the company navigates leadership changes and governance reviews amid ongoing exploration.

Mithril Silver and Gold Limited reports strong exploration progress at its Copalquin project in Mexico, with resource expansion drilling underway and a new acquisition adding to its portfolio. The company ends the quarter with a robust cash position, setting the stage for an active 2026.