Latest Exploration Results News

Astral Resources has strengthened its balance sheet and expanded its Mandilla gold resource as it moves from explorer toward developer. The next test is converting deep drilling, permitting progress and a proposed early-production joint venture into funded construction decisions.

Stellar Resources has lifted its Heemskirk tin resource to 115.3kt of contained tin while technical studies move toward a prefeasibility study outcome. The company is better funded, but remains pre-revenue and faces the usual capital, permitting and execution hurdles of mine development.

Flynn Gold is pushing Golden Ridge and Firetower towards resource definition, but its FY2026 annual report flags a material going-concern uncertainty and a cash balance of just A$1.11 million. A partially underwritten A$3 million rights issue now sits alongside drilling, permitting and a non-binding processing pathway with Henty Gold Mine.

Fin Resources’ first drilling campaign at Cabin Lake delivered gold in all eight holes, including two high-grade shallow intersections at Arrow. But the ASX-listed explorer also reported a sharply wider loss, a major impairment and an auditor-highlighted material uncertainty over its ability to continue without further capital.

American West Metals expanded its Storm copper resource and reported a major indium-zinc-gold intersection at West Desert during FY2026. But the ASX-listed explorer remains reliant on further funding, with the auditor flagging material uncertainty over its ability to continue as a going concern.

Bindi Metals has converted its Ravni project in Serbia from surface exploration into a drill-tested gold-silver system, but the discovery story arrives alongside a larger loss and an auditor’s going-concern warning. The company ended June with $1.68 million in cash and a pipeline of follow-up drilling still dependent on future funding.

Prospect Resources has taken its flagship Mumbezhi Copper Project to 208.1 million tonnes, while lifting ownership to 90% and securing A$45 million for the next phase of work. The project remains pre-production, leaving the upcoming Scoping Study and further drilling to convert geological scale into an economic case.

Western Mines Group has reported its richest basal nickel intersection yet at Mulga Tank, including 38 metres at 0.71% nickel from more than 1.3 kilometres underground. The exploration progress is substantial, but the company also recorded a larger annual loss, limited year-end cash and a material going-concern uncertainty.

Tambourah Metals has reported high-grade exploration results at Beatty Park South and Tambourah King, alongside a stronger cash position and a reduced annual loss. The projects remain at exploration stage, with drilling and resource modelling now carrying the story forward.

Viking Mines has confirmed thick tungsten intervals both beneath and above historic workings at its Linka project in Nevada, including 18 metres at 0.42% WO3 and 13 metres at 0.46% WO3. The results strengthen the geological model, but reassays affecting parts of two holes leave an important qualification hanging over the latest batch.

Ballymore Resources has extended high-grade silver-lead-zinc-indium mineralisation closer to surface at its Torpy’s discovery in North Queensland. The latest drilling supports a multiple-shoot interpretation, but the project remains at an early exploration stage with assays pending and no Mineral Resource defined.

Sierra Nevada Gold has begun mobilising a five-rig, 25,000m exploration campaign at its As Safra Copper-Gold Project in Saudi Arabia. The program will test Central Copper’s resource potential while opening up more than 12km of broader discovery targets, with first assays expected in November 2026.