Latest Exploration Risk News

Heavy Rare Earths Limited (ASX:HRE) is raising approximately $728,000 through a non-renounceable entitlement offer priced at 2.8 cents per share, accompanied by free-attaching options exercisable at 6 cents. The capital raise aims to fund maiden drilling programs and a strategic review across its key projects.

Trek Metals is gearing up for a 2,500-metre Phase 2 drilling campaign at its Kuro manganese discovery in WA, following new geophysical surveys that revealed multiple high-priority targets beyond the initial zone. The company is also advancing exploration at gold and copper-gold prospects within its Christmas Creek Project.

Critical Resources has bolstered its Mavis Lake lithium project by staking new claims at the Red Hat gold target in Ontario, spotlighting a historical high-grade gold intercept that sharpens exploration focus.

Leeuwin Metals has secured a joint venture deal with Arrow Minerals over key Pilbara tenements, gaining exposure to iron ore and copper prospects with no upfront exploration cost.

Laramide Resources has secured strategic uranium exploration licences in Sweden’s Hotagen and Arjeplog-Arvidsjaur provinces, capitalising on the country’s recent policy reversal to permit uranium mining.

Tarrina Resources (ASX:TR8) posted a $3.63 million loss for FY2026 as it ramped up exploration at its newly acquired gold and base metal projects following a $5 million capital raise and ASX relisting.

Capricorn Metals has secured the Piastri Project adjacent to its Golden Range tenure for $1.5 million in shares, opening up a largely untested 15.2 km² area near the Ricciardo deposit for gold and antimony exploration.

Antares Metals has intersected copper mineralisation in all six holes of its maiden drilling at Conglomerate Creek Target 2, validating its geological model and setting the stage for further exploration in a prolific copper region.

Narryer Metals has uncovered a new scandium-rich project in Western Australia’s Great Southern region, with historic drilling showing promising grades over a 1.7km strike. The Pingrup Project complements its Rocky Gully asset and could position the company as a notable scandium supplier.

Bindi Metals’ maiden drilling at Serbia’s Ravni Project reveals significant high-grade gold and silver mineralisation, validating a large epithermal system with further assay results pending.

Horizon Oil's 2026 reserves statement reveals a 51% jump in net 2P reserves to 13.6 million barrels of oil equivalent, driven by strategic acquisitions and record production.

Right Resources has upgraded Rising Sun and Midnight Star to high-priority drill-ready gold-copper targets after revisiting three decades of historic data at its New England Project in NSW.