Latest Exploration Rights News

Pancontinental Energy has applied to extend its PEL 87 exploration rights in Namibia, backed by a proposed firm well and 4,200 square kilometres of seismic reprocessing. The company has also awarded DUG Technology the reprocessing contract, while its $1.866 million cash balance leaves future exploration funding as a key consideration.

Berkeley Energia has completed follow-up drilling at its Conchas lithium-rubidium project while its US$1.25 billion arbitration claim against Spain moves towards a mid-2027 jurisdiction hearing. The company ended September with A$60 million in cash and no debt, but Salamanca’s permitting impasse remains unresolved.

D3 Energy has expanded its South African acreage and secured Strategic Integrated Project status after drilling two gas-bearing wells at Nooitgedacht. A 5.2% helium sample is encouraging, but production testing, methane retesting and funding remain unresolved.

Unico Silver ended September with A$100.2 million in cash after completing a A$60 million placement, securing critical land for Joaquin and expanding its exploration footprint. The trade-off is a later maiden PFS, now scheduled for January 2027 as the company incorporates more drilling and metallurgical work.

Nex Metals has assembled a potential 3,021 km² Western Australian exploration portfolio through its WTAC joint venture, while preliminary Kookynie test work lifted laboratory gold recovery to 71%. The expansion comes with important conditions: most tenure remains pending, and the processing case still requires further technical and economic work.

Augustus Minerals has reported its strongest Clifton East gold intersection to date while preparing more drilling at Music Well and advancing contested licence applications in Papua New Guinea. The exploration push comes with $0.77 million in cash and $879,000 spent during the September quarter.

Kinetiko Energy has moved its Brakfontein project closer to production, adopting a Phase 1 development plan and advancing permitting and CNG engineering. The progress comes with only 1.54 quarters of funding available, leaving the company reliant on pending capital and project payments.

Vita Resources will seek up to A$500,000 from eligible Australian and New Zealand shareholders at A$0.021 a share, a 4.5% discount to its recent market price. The non-underwritten offer is intended to fund Ninnis exploration and further gold opportunities, but the final amount raised remains uncertain.

Kinetiko Energy’s Brakfontein test wells delivered sustained gas flows well above the commercial threshold used in its prior reserve assessment, strengthening the case for a staged South African development. But the company ended the year with just A$478,634 in cash and restricted funds, prompting its auditor to flag a material going concern uncertainty.

Critical Resources has secured exclusivity to acquire 90% of a 29 km² Suriname exploration project just 4 km from Zijin’s producing Rosebel mine. The strategic land position expands the company’s prospective Suriname portfolio, but the project has no reported exploration results, resources or reserves.

Kinetiko Energy is preparing to submit a permit that could allow limited gas sales from its Brakfontein project in early 2027, while engineering, procurement and drilling plans advance in parallel. The company has also shortlisted three candidates for its next chief executive.

Wildcat Resources ended September with A$76.1 million in cash after completing the first tranche of a A$60 million placement, giving it room to push Tabba Tabba towards its definitive feasibility study. Drilling also continued to expand Bolt Cutter Central ahead of a maiden resource targeted for Q4 2026.