Latest Exploration Progress News

Patagonia Lithium has locked in A$3.4 million through a placement priced at 10 cents per share, attaching options exercisable at 16 cents. The capital injection aims to fund further drilling, resource upgrades, and a lithium carbonate demonstration plant at its flagship Formentera project.

Orpheus Uranium has secured a binding agreement to acquire seven exploration licences from Adavale Resources, significantly expanding its Marree Project landholding in South Australia’s Northern Flinders Ranges and advancing the project to advanced exploration status.

ACDC Metals closed its non-renounceable entitlement offer raising $348,000 from shareholders, but a substantial shortfall of over 24 million shares remains to be placed.

Dart Mining has agreed to sell four Victorian projects to Indigo Metals for $7.1 million, combining cash, shares, and a royalty on antimony production, tying its fortunes to Indigo’s upcoming ASX debut.

Quinbrook Asset Management has lodged an application with the Takeovers Panel alleging undisclosed associations and breaches of funding consultation obligations at Kingsland Minerals. The dispute centers on a contested term sheet for acquiring exploration licences from Bacchus Resources.

Catalina Resources is fast-tracking exploration across its newly acquired Mid-West portfolio in WA, targeting gold and base metals with drilling planned within six weeks. The company’s strategic positioning near the Kirkalocka processing plant and a recent capital raise underpin its near-term development ambitions.

NewPeak Metals’ maiden drilling at Tansey Gold Project reveals gold mineralisation extending beyond historic South Burnett mine boundaries and uncovers a previously unknown parallel structure, setting the stage for targeted resource drilling.

Alice Queen Limited has appointed Adrian Hell as Exploration Manager to leverage his deep knowledge of Horn Island and fast-track a multi-phase drilling campaign aimed at expanding a 524,000-ounce gold resource.

White Cliff Minerals has extended copper mineralisation at its Rae Copper Project in Nunavut to over 5.4km, with visible sulphides in every hole across 2.6km of strike from its 2026 drilling campaign. Assays reveal multiple high-grade intervals, underscoring the project's scale and continuity.

Red Mountain Mining has produced a high-grade 51.8% antimony concentrate from Oaky Creek with excellent 85% recovery, setting the stage for upcoming drilling to define the resource along a 3km mineralised strike in NSW.

Burley Minerals Ltd is offering eligible shareholders in Australia and New Zealand the chance to buy up to $30,000 of shares at a 17.9% discount through a $300,000 Share Purchase Plan, aiming to bolster its exploration funding without brokerage costs.

Advance Metals Limited (ASX:AVM) is acquiring the remaining 20% of its Myrtleford and Beaufort gold projects, moving to 100% ownership following a string of high-grade drill results and promising metallurgical recoveries at Happy Valley.