Latest Exploration Progress News

Redcastle Resources reports robust initial assays from Queen Alexandra grade-control drilling, revealing shallow high-grade gold mineralisation that supports ongoing mining alongside Redcastle Reef.

Noronex has completed a 7,112m drilling phase across its Kalahari Copper Belt projects, confirming copper-silver mineralisation and refining its exploration model with South32’s backing. A 3,000m drill program is slated for late 2026.

Taiton Resources has finalised a placement of 1.14 million shares at 7 cents each, including shares and options issued to insiders following shareholder approval.

Alkane Resources delivered 42,491 ounces gold equivalent in the June quarter, pushing full-year production to 168,337 ounces and bolstering cash and investments to $454 million.

Torque Metals has significantly expanded its Paris Gold Project resource, reporting a 67% jump in contained gold ounces to 253,000 oz at a robust 3.8 g/t grade, underpinning an aggressive growth strategy targeting a million-ounce resource within two years.

Neu Horizon Uranium Limited, formerly Tasmania Data Infrastructure, has pivoted from bitcoin mining to uranium exploration in Sweden, reporting a reduced loss for FY25 while progressing towards an ASX listing and expanding its footprint into Canadian mineral claims.

Korab Resources has pushed back the shareholder approval and settlement deadlines for its $4.35 million sale of the Geolsec mineral lease amid pending ASX clearance. The mineral lease, part of the Rum Jungle Project, remains a non-core asset for the company.

Venus Metals Corporation has secured $47 million from selling its Youanmi Gold Project royalty, while exploration at Henderson and Youanmi Base Metals projects reveals promising targets. The company also initiates titanium extraction R&D and plans special dividends for shareholders.

Albright Metals has completed its second staged payment milestone for the Golden Pike Gold and Antimony Project, issuing shares and cash to Globex Mining Enterprises as exploration and development progress.

Resouro Strategic Metals has unveiled a robust Preliminary Economic Assessment for its Tiros Titanium and Rare Earths Project, signalling a post-tax NPV of US$715 million and a 44.2% IRR over 20 years. Meanwhile, binding agreements for mining and processing at the Novo Mundo Gold Project promise to unlock additional value.

Gold Mountain Limited has raised $4.5 million from a new institutional investor to accelerate exploration of its rare earth and lithium projects in Brazil.

Macarthur Minerals narrowed its loss to $1.82 million for FY26, bolstered by a major new investor and joint venture at its Lake Giles iron ore project in Western Australia.