Latest Exploration Progress News

ActivEX Limited has completed a $900,000 placement to fund exploration across its Queensland gold and rare earth element projects, while reporting a cash balance of $98,000 at quarter-end. Key drilling results are awaited as the company progresses multiple tenements and JV discussions.

NT Minerals faces ASX trading suspension but pushes forward with exploration plans at Twin Peaks and Finniss River projects, while considering capital restructuring.

Diablo Resources reported a net cash outflow of A$456k for operating activities in the December 2025 quarter, offset partially by a A$2 million equity raise. Despite this, the company’s cash runway remains limited to about one quarter, prompting plans for further funding.

Silver Mines Limited has reported its best-ever drilling results at the Bowdens Silver Project in NSW while navigating a complex regulatory redetermination process. Exploration advances continue across its Australian and US projects, supported by a strong cash position.

Solis Minerals has confirmed extensive copper-gold mineralisation at its Ilo Este and Chancho al Palo projects in Peru, reinforcing the potential for a large-scale porphyry system. The company plans to leverage these results in 3D geological models as it shifts drilling focus to advanced projects amid strong copper prices.

Ramelius Resources reported a robust December 2025 quarter with solid gold production, strong cash flow, and significant progress on major projects including Never Never and Rebecca-Roe.

Asian Battery Metals has reported significant exploration progress at its Oval Cu-Ni-PGE project in Mongolia, including new high-grade drill intercepts and refined geophysical models that expand the known mineralised strike to 880 metres.

Exultant Mining Limited has marked a strong start post-IPO with promising early exploration results and a robust cash position, setting the stage for systematic drilling in 2026.

Perseus Mining reported steady gold production in Q2 FY26 with 88,888 ounces at a higher cost, maintaining a robust cash and bullion balance of US$755 million. The company’s development projects remain on track despite increased royalties and a rejected acquisition bid.

Lefroy Exploration Limited reported a net cash outflow in operating and investing activities for Q4 2025, balanced by financing inflows, leaving it with $1.85 million in cash and a funding runway of just over two quarters.

Mineral Resources Limited has upgraded its lithium production guidance and reported record iron ore shipments in Q2 FY26, alongside a significant reduction in net debt and a strategic joint venture with POSCO Holdings.

GoldArc Resources has identified multiple high-priority gold targets at its Leonora projects and secured strategic partnerships to accelerate mining development, backed by a $2.5 million cash advance facility.