Latest Exploration Results News

Prospect Resources has expanded drilling at Nyungu Central after returning a 27-metre copper intercept outside the existing resource, while maiden drilling at Sharamba confirms a new copper discovery. The results add momentum to Mumbezhi’s growth story, but most Phase 3 assays remain outstanding and no resource update has yet been made.

Evolution Mining has set out a capital-heavy FY27 strategy, combining a record fully franked 41 cents per share dividend with major spending across Cowal, Northparkes and Ernest Henry. The miner also plans to lift exploration and maintain gold and copper guidance, though much of the production upside remains several years away.

Astral Resources has reported broad and high-grade gold intersections from two deep holes at Theia, including 22 metres at 2.73g/t and 2 metres at 12.8g/t. The results extend the evidence for mineralisation below the current resource shell, but any resource increase remains dependent on the six remaining holes and further interpretation.

Gold Mountain has returned thick, shallow rare earth intersections at Capivara, including 8 metres at 1,513 ppm TREO, while several auger holes ended near mineralisation. The company now plans deeper drilling to determine whether the strongest results continue through the saprolite profile.

True North Copper expanded its copper growth pipeline in FY26, but the annual report makes clear that exploration momentum still depends on fresh capital. The company ended the year with A$7.1 million in cash and a A$7.5 million Mt Oxide payment due in December.

EV Resources has completed its A$1.52 million rights issue as crushing and screening gets underway at the Tecomatlán antimony plant in Mexico. The company now has Vinatas ore and a 200-tonne Chinantla stockpile available for a production-capable proof-of-concept campaign, although first concentrate and binding offtake agreements remain ahead.

Tivan has secured a 50 km² exploration concession immediately north of its Turiscai project in Timor-Leste, subject to formal regulatory grant. The addition would lift the project to eight licences covering approximately 394 km² ahead of planned maiden drilling in the fourth quarter.

Kalgoorlie Gold Mining has secured A$2.3 million through a placement and launched a fully underwritten A$1.1 million entitlement offer to fund exploration at its Pinjin Gold Project. The capital will target new drilling at the Lighthorse discovery, where earlier assays included high-grade gold within broader mineralised intervals.

Infinity Mining has extended the gold anomaly at its Tanjil Dome project in Victoria to about 1km and identified a separate 1.5km anomalous trend at Good Hope. Surface samples returned up to 3.70 g/t gold at Tanjil Dome and 12.91 g/t from a Good Hope mullock sample, with trenching and drilling now planned.

PLC Resources has started an approximately 2,400-metre RC drilling program at Rochefort, testing whether early gold anomalism marks the edge of a larger system. The eight-hole campaign is expected to produce first assays in four to six weeks, but the company cautions that its larger-system interpretation remains conceptual.

Alcoa has filed South32’s meeting materials ahead of a shareholder vote on the proposed sale of bauxite, alumina and aluminium interests. The transaction remains subject to shareholder approval, regulatory clearance, financing and other closing conditions.

Enova Mining reduced its half-year loss to $790,000, but an explicit going-concern warning puts future funding at the centre of its rare earth exploration story. The company ended June with $723,000 in cash while advancing several high-grade exploration targets across Brazil and Australia.