Latest Exploration Results News

Li-FT Power Ltd. is raising $20 million through a common share offering priced at $2.90 each, primarily to cover care and maintenance costs for its Renard diamond mine option and support corporate activities. The deal includes a 15% over-allotment option and has conditional TSXV approval.

Western Mines Group has completed a $2.7 million placement to fund seismic surveys and drilling at its Mulga Tank nickel-cobalt-copper project, with a final tranche of shares pending shareholder approval.

Viking Mines has uncovered significant tungsten mineralisation in historical rock stockpiles at its Linka Tungsten Project, Nevada, with assay results reaching 1.8% WO3, well above the historical mined average. The findings open the door to potential ore sorting applications and advance the project towards a brownfields restart.

Trek Metals’ maiden drilling at Kuro returns multiple high-grade manganese intercepts including a standout 10m at 42.3% Mn, validating an extensive near-surface system with promising low penalty elements.

Enova Mining’s latest auger drilling results at East Salinas confirm significant near-surface rare earth element mineralisation, reinforcing the project’s potential as a large saprolite-hosted REE system in Brazil.

Ausmon Resources has kicked off soil sampling over a 341 km2 tenement near Broken Hill, targeting base metals along key shear zones with initial pXRF screening guiding laboratory assays.

Magnum Mining has reported robust rare earth element results from 92 new auger holes at its Piracanjuba North project in Brazil, confirming widespread mineralisation across multiple centres and accelerating its 10,000m drilling program ahead of schedule.

AuKing Mining has secured a full underwriting agreement with GBA Capital to guarantee raising approximately $9.14 million through the exercise of nearly 305 million unlisted options expiring in April 2027.

ActivEX Limited has identified multiple high-grade gold, silver, and base metal targets from surface rock sampling at its Georgetown Project in Queensland, revealing promising prospects for further exploration.

Ballymore Resources has confirmed further high-grade silver-lead-zinc-indium mineralisation at its Torpy's discovery in North Queensland, extending mineralisation closer to surface and supporting an emerging high-grade shoot model.

GreenX Metals has expanded its Eleonore North Project with two new licences covering about 1,600 km² in East Greenland, targeting intrusion-related gold and critical minerals like tungsten. Historical data shows high gold grades up to 50 g/t, with fieldwork results due this quarter.

Codrus Minerals is set to acquire two promising copper and molybdenum projects in Australia and Peru, backed by a $2.5 million capital raise. The deal includes significant share issuance and performance rights tied to exploration milestones.