Latest Exploration Results News

Zeus Resources has completed due diligence on its Diaguili copper-gold project in southern Mauritania after regulators validated the environmental notice for exploration. The company will now proceed to the first completion stage of the acquisition, with historical drilling providing the project’s main technical attraction but also its principal qualification.

Yandal Resources posted its busiest exploration year yet, expanding the Arrakis discovery and ending FY2026 with 450,200 ounces of reported resources and $9.7 million in cash. But a larger loss, material going-concern uncertainty and a CEO transition leave the company needing to convert drilling momentum into resources and renewed funding support.

Kali Metals has secured up to $700,000 in exploration funding from Japan’s JX Advanced Metals for its 1,413 square kilometre Southern Lachlan project. The agreement creates a pathway to a potential farm-in or joint venture, but no formal deal has yet been agreed.

Many Peaks Minerals has extended the tested vertical depth of gold mineralisation at its Ferké project by about 70%, with a deepest intercept returning 40.3 metres at 3.89g/t gold. The results support a planned resource update and preliminary assessment of underground mining, but remain exploration results outside the current resource.

OD6 Metals has transformed its portfolio with the completed acquisition of Nevada’s Quinn Fluorspar Project, but the strategic expansion comes alongside a larger loss, ongoing funding needs and substantial permitting risk. The company is now targeting drilling and a maiden resource at Quinn while advancing laboratory-scale rare earth processing work at Splinter Rock.

AusQuest has materially expanded its Cangallo copper-gold discovery in Peru, but the exploration push came with a larger loss, a sharp rise in cash outflows and an auditor warning that further funding is likely within 12 months. The company ended FY2026 with $6.35 million in cash after a $10 million placement.

Agrimin has completed its withdrawal from the Mackay Potash Project and repositioned itself around exploration at the 480-square-kilometre Mount Squires Project. The pivot reduced the company’s annual loss, but left it with $1.08 million in cash, net current liabilities and no JORC mineral resources or ore reserves.

G11 Resources has designed three drill holes to test the Northeast Pyrite copper-gold target in western Tasmania, close to the Great Lyell Fault and Mt Lyell deposits. The program may receive up to $120,000 in Tasmanian Government co-funding, but the geological case still rests heavily on unverified historical data.

Enterprise Metals has secured $1.2 million in discounted equity funding alongside a proposed board overhaul led by mining executives Phillip Gallagher and Steven Zaninovich. The incoming team will review the company’s Western Australian portfolio and decide where its limited exploration capital should go next.

Forrestania Resources has agreed to acquire four granted Western Australian exploration licences at Skeleton Rocks for a stated $250,000 consideration. The deal remains subject to due diligence, with the company yet to choose between cash and shares as payment.

Nexus Minerals has secured firm commitments for a A$5.4 million placement to fund drilling and exploration across its Wallbrook Gold Project and NSW Mineral Project. The raise is priced below recent market benchmarks and is expected to lift cash above A$8.7 million before costs.

Tambourah Metals has tightened drilling across its Tambourah King gold lode, returning several encouraging intersections ahead of a planned maiden resource estimate. Shallow results at Western Chief add a second exploration thread, although the system remains lightly tested at depth.