Latest Exploration Progress News

Rimfire Pacific Mining has completed a 23-hole air core drilling campaign at its Rabbit Trap Scandium Project in NSW, intersecting promising rock types at the Malamute Prospect. Assay results expected in January 2026 will clarify the discovery’s potential.

Desert Metals Limited has completed the first tranche of its capital raising, issuing 64 million shares to raise $416,000, with a shareholder meeting planned to approve a second tranche worth $834,000.

Zeus Resources has secured Forestry Department approval to begin trenching at its Casablanca Antimony Project in Morocco, clearing a key regulatory hurdle for exploration. The program aims to refine geological understanding and target high-grade antimony mineralization.

Xstate Resources has launched a prospectus offering nearly 97 million free attaching options to placement participants and contractors, alongside a nominal cleansing offer to remove trading restrictions on recent share issuances.

Korab Resources Limited reported a positive cash flow for the December 2024 quarter, maintaining a strong liquidity position with funding to support its exploration activities for over 17 quarters.

Korab Resources reports significant gold and base metals exploration progress at its Rum Jungle Project, alongside innovative mining method evaluations and ongoing legal challenges to key lease renewals.

Estrella Resources has reported outstanding high-grade manganese assay results from its Ira Miri prospect in Timor-Leste, with grades reaching as high as 58% manganese and strong continuity across multiple drill holes. These findings reinforce the project’s potential as a significant sedimentary manganese deposit.

IGO Limited’s subsidiary has confirmed its commitment to Stage 2 of the farm-in at the Bridgetown-Greenbushes Project, pledging $3 million to increase its ownership to 70%. Extensive soil sampling has revealed a significant lithium-tantalum-niobium-cesium anomaly, underpinning the project's promising exploration outlook.

Ariana Resources reports encouraging progress in its Dokwe Gold Project drilling campaign, highlighting geological confirmations and plans to extend exploration for potential resource growth.

Horseshoe Metals has reported strong final results from its Phase 1 drilling at the Motters Zone, confirming extensive shallow oxide copper mineralisation and setting the stage for Phase 2 drilling and offtake discussions.

Bindi Metals has identified several promising gold prospects along a 2.5 km corridor at its Ravni Gold Project in Serbia, supported by extensive sampling and historic data. A detailed geophysical survey and drilling program are set to follow, aiming to refine and test these targets.

Power Minerals Limited retracts non-JORC historical data for its Gamma Project in California while progressing critical mineral projects across three continents, supported by strong drilling results and fresh capital raises.