Latest Exploration Risk News

Many Peaks Minerals reports encouraging initial reverse circulation drilling results from its Odienné gold project in Côte d’Ivoire, confirming extensive mineralisation along a major shear corridor. Concurrently, exploration accelerates at the Ferké project with a second diamond rig added to expand core drilling.

Hot Chili Limited has announced a non-renounceable entitlement offer aiming to raise approximately A$14 million to advance its strategic partnering efforts and drilling programs. Eligible shareholders can subscribe for new shares at 60 cents each, with funds earmarked for exploration and corporate purposes.

Peel Mining Limited has updated its mineral resource estimates, highlighting a robust 22.9 million tonnes at 2.20% copper equivalent across its South Cobar Project. The company is advancing pre-feasibility studies and exploration drilling at key deposits, positioning itself as a significant player in the Cobar Basin copper hub.

Havilah Resources has struck a binding deal with Heavy Rare Earths, granting earn-in rights to its Prospect Hill tin project with a $1.5 million exploration commitment over three years. The arrangement allows Havilah to focus on its copper assets while retaining significant upside exposure.

Enova Mining has raised $0.85 million to fund a diamond drilling campaign targeting high-grade rare earth elements at its East Salinas Project in Brazil, signaling strong investor confidence and advancing its critical minerals portfolio.

Power Minerals Limited reports multiple wide zones of high-grade niobium and rare earth element mineralisation from its maiden drilling at the Santa Anna Project in Brazil, underscoring significant exploration upside.

Nagambie Resources has raised $1.2 million through a strategic placement to fund further diamond drilling and update its mineral resource estimate at the Nagambie Mine. The capital raise includes options that could inject additional funds over the next three years.

DeSoto Resources has secured a new reconnaissance permit for the Syncerus Gold Project in Guinea’s prolific Siguiri Basin, significantly expanding its exploration ground to over 1,000 square kilometres. The company is poised to accelerate fieldwork, leveraging a proven mineral systems approach to target multi-million-ounce gold deposits.

Litchfield Minerals has confirmed a large copper-zinc system and uncovered a new gold-bismuth mineralisation style at its Northern Territory Oonagalabi Project, supported by government grants and ongoing exploration.

Rincon Resources Limited advances its Western Australian exploration portfolio with a maiden resource at South Telfer and a strategic option agreement for the Crackerbox Gold project, setting the stage for upcoming drilling campaigns.

American West Metals reports promising drilling results at its Storm Copper Project and advances critical minerals exploration in Utah, backed by strategic funding and offtake agreements.

AustChina Holdings has launched initial fieldwork at its Sulphide Creek Gold-Antimony Project and secured a key exploration licence for its Mersey Base Metals and Gold Project in Tasmania, signaling a strategic push in mineral exploration.