Latest Exploration Projects News

Mamba Exploration Limited has inked a deal to acquire a majority interest in the underexplored Meeka East Gold Project in Western Australia’s prolific Murchison Goldfield, backed by a $2 million capital raise to fund early-stage exploration.

Orion Minerals has been selected for the prestigious 2026 BHP Xplor accelerator program, receiving US$500,000 in equity-free funding and access to BHP’s global expertise to advance its South African exploration projects.

Taiton Resources has completed a significant placement of nearly 12 million shares to Singapore’s GEMS Strategic Resource Fund, bolstering its capital position and signalling confidence from a reputable international investor.

Australian Oil Company Limited (ASX, AOK) has secured key assets in Queensland's Surat Basin and completed a strategic acquisition in California, positioning itself for near-term production growth and exploration upside.

Challenger Gold Limited reported a challenging quarter ending December 2025, with significant cash outflows from operations and investing activities, yet maintains a strong cash position supported by a convertible debenture facility.

Lion Rock Minerals reports exceptional rutile grades and a rare-earth enriched monazite source at its Minta Project in Cameroon, supported by a strategic A$8.6 million placement from Tronox Holdings. The company advances a large-scale infill drilling program and in-country lab development to accelerate resource definition.

Mount Ridley Mines has reported maiden JORC mineral resource estimates for scandium and gallium at its Mount Ridley Project, significantly boosting its critical minerals portfolio and consolidating tenure across a 70-kilometre strike.

First Lithium Limited is progressing towards critical milestones with pending license renewals in Mali expected soon and a maiden Mineral Resource Estimate on the horizon, supported by recent funding injections.

Enterprise Metals’ latest quarterly report highlights encouraging drilling results at the Vulcan prospect within the Doolgunna Project, revealing potential for a significant gold and copper-zinc mineralised system. Meanwhile, exploration continues across multiple WA projects amid ongoing funding efforts.

European Lithium Limited has bolstered its cash reserves with over A$300 million from share sales in Critical Metals Corp, while delivering promising high-grade rare earth drilling results at its Greenland Tanbreez Project.

PolarX Limited reported steady progress in its Nevada and Alaska exploration projects during the December 2025 quarter, with key drilling programs completed and a significant joint venture funding milestone achieved with Northern Star Resources.

Zuleika Gold has resolved its long-running litigation with Catalyst Metals, receiving $46 million in cash and shares, with a further $2 million due soon. The company also upgraded its gold resources significantly, positioning itself for aggressive development and exploration.