Latest Exploration Progress News

Gold Mountain Limited (ASX: GMN) has announced assay results from 41 diamond drill holes at its Irajuba IR-1 prospect in Brazil, doubling the drilled resource area and confirming thick zones of high-grade rare earth mineralisation with a strong magnet rare earth oxide content.

Exultant Mining Limited (ASX:10X) has identified several compelling geophysical anomalies at its Peak View Prospect in New South Wales, setting the stage for a maiden drilling campaign planned for late April 2026.

AuMEGA Metals Limited has launched a prospectus for a dual-tranche capital raising totalling approximately C$23.7 million, subject to shareholder approval, aimed at advancing its exploration programs in Newfoundland and Labrador, Canada.

Buxton Resources has raised approximately A$3 million through a well-supported share placement, aiming to fast-track drilling and exploration across key Australian projects.

Lithium Energy Limited has completed its initial drilling campaign at the Sandy Creek Prospect within Queensland’s Capricorn Gold-Copper Belt, with assay results expected in late May 2026. The company’s next steps hinge on these findings amid a region rich in historic mineralisation.

FMR Resources has reported extensive mineralised intersections in drillhole 26LHDD073 at Target L within the Llahuin Project JV, highlighting promising porphyry copper-gold-molybdenum potential. Assay results are anticipated in June 2026, setting the stage for a focused Phase II drilling campaign.

Barton Gold Holdings has secured a $520,000 cash refund through the Federal Government’s R&D Tax Incentive, bolstering its exploration efforts in South Australia’s emerging gold province.

North Stawell Minerals (ASX:NSM) has reported promising high-grade gold drilling results and exploration progress at its North Stawell Gold Project, highlighting significant potential along the Stawell Mineralised Corridor in Victoria.

Caprice Resources has reported significant new diamond drilling results at its Island Gold Project, extending high-grade gold mineralisation down plunge by 100 metres and confirming strong continuity along strike and depth at the Vadrians deposit.

BPM Minerals has commenced a significant 7,500m drilling program at its Beachcomber Prospect, targeting high-grade gold extensions, while preparing for a heritage survey at Bonnie & Clyde to enable maiden drilling later this year.

Condor Energy has identified extensive deepwater turbidite reservoirs across its TEA-86 offshore acreage in Peru’s Tumbes Basin, significantly reducing exploration risk and advancing plans for drilling and licence conversion.

Golden Dragon Mining has identified multiple high-priority gold targets across its expansive Cue Gold Project in Western Australia, following an independent review. Recent drilling campaigns at key prospects have concluded, with assay results eagerly awaited.