Latest Exploration Risk News

Bubalus Resources has identified significant geochemical anomalies for gold and multiple pathfinder elements at its Tin Creek Prospect in Victoria, pointing to a potentially substantial hydrothermal and intrusion-related mineralising system. Follow-up exploration including airborne geophysics and detailed mapping is planned.

Independent lab tests confirm helium levels over 12 times atmospheric background and hydrogen concentrations exceeding 6,200 times background at Prominence Energy's PEL 803 in South Australia, underpinning a robust subsurface gas system model.

ACDC Metals has reported promising surface assays from its Mount Jackson project in Nevada, with gold grades up to 2.35 g/t and copper reaching 14.9% at key zones. The company is advancing towards a maiden drilling program in Q4 2026 backed by ongoing capital raising.

Caspin Resources has pinpointed a compelling new drill target, the Moss Prospect, just 1km from its Kelpie tin deposit in NSW, with geophysical and geochemical signatures mirroring those of the existing resource. Drilling is set to commence shortly, following ongoing resource expansion work at Kelpie.

Bellavista Resources kicks off a major drilling campaign targeting a shallow 1 million ounce portion of its 2.8 million ounce gold resource at Pickle Crow, Canada, aiming to unlock open pit mining opportunities amid soaring gold prices.

Ozz Resources aims to raise up to AUD 5 million through a public offer to fund the acquisition of Sulphide Minerals and exploration of the Bedaburra Project, pending ASX re-admission and shareholder approval.

Legacy Minerals has locked in a farm-in deal with Aurelia Metals for its Cobar Project, allowing Aurelia to earn up to 90% by funding exploration. This partnership leverages Aurelia's established Cobar Basin operations while Legacy focuses on its flagship Mt Carrington project.

Yugo Metals has secured a $5 million oversubscribed placement to ramp up drilling across its gold, nickel-cobalt, and base metals projects in the Balkans, positioning the company for significant exploration milestones over the next 18 months.

Godolphin Resources has agreed to sell its 49% interest in the Calarie Project to Adavale Resources in a deal structured around shares and long-dated options, aligning with a strategic shift towards its core assets.

Tarrina Resources has identified five high-confidence sulphide chargeability anomalies at its Walparuta IOCG Project, including a large, untested target that aligns with magnetic and gravity data. Historic drilling validates the geophysical model, setting the stage for imminent drill testing.

FMR Resources has identified several large-scale magnetic intrusive centres beneath known copper-gold mineralisation at its La Lorena Project in Chile, setting the stage for drill testing in late 2026.

European Resources has identified six fresh passive seismic anomalies outside prior survey bounds at its Korsnäs rare earth project, prompting an exploration area increase and ongoing survey phases.