Latest Exploration Risk News

Caprice Resources has significantly expanded its presence in Western Australia's Murchison Goldfields by acquiring the Comet Exploration Project, adding 40 kilometres of greenstone strike to its portfolio. This strategic move triples Caprice's landholding and sets the stage for accelerated exploration and potential new gold discoveries.

TechGen Metals has launched a new IP geophysical survey at its Blue Devil Project following the discovery of exceptionally high-grade copper and gold zones, while also progressing exploration at Mt Boggola with fresh sampling and survey data.

Summit Minerals Limited has announced a fully underwritten entitlement offer to raise approximately $1.08 million, aimed at advancing its Brazilian exploration projects and funding potential acquisitions. The offer, priced at $0.03 per share, is open to Australian and New Zealand shareholders and is expected to dilute non-participating shareholders by about 25%.

Norfolk Metals appoints mining veteran David Fowler to its board, enhancing expertise for its Chilean Carmen Copper Project, where drilling is halfway complete and assays are awaited. The company is rapidly moving toward full ownership of the project, signaling a pivotal phase in its copper exploration journey.

Arika Resources has announced a significant new gold lode discovery at the F0 Prospect within its Yundamindra Gold Project, alongside confirmed depth extensions at the Queen of Poland Prospect. This exploration update highlights promising assay results and ongoing drilling momentum in a prolific Western Australian gold district.

AXP Energy has successfully logged hydrocarbons across several zones in its Charlie #1 well in Oklahoma and is preparing for hydraulic fracturing with production expected by the end of October.

Yandal Resources has raised $13.5 million through a share placement to fund expanded exploration across key gold projects in Western Australia, positioning the company for accelerated growth.

Gold Mountain Limited has announced a fully underwritten $1.5 million entitlement offer alongside a $2 million placement to accelerate exploration activities in Brazil and Papua New Guinea. The capital raising, discounted by 40% to recent share prices, is underwritten by major shareholder José Luis Manzano, who may increase his stake to nearly 20%.

Eastern Resources Limited has secured a farm-in agreement to earn up to 80% interest in Queensland’s Marengo Gold Project, a historically rich goldfield with promising high-grade assays and multiple exploration targets.

Desert Metals has confirmed significant gold mineralisation over a 1.2km strike at its King Kong prospect in Côte d’Ivoire, underpinning plans for expanded exploration across its Adzope project.

S2 Resources has significantly expanded its Jillewarra project area over a highly prospective gold shear zone and completed drilling at West Murchison, with assay results pending. Meanwhile, Glenlogan assays returned no significant mineralisation.

Hot Chili Limited has initiated a second phase of diamond drilling at its La Verde copper-gold porphyry discovery in Chile, aiming to significantly enlarge the known mineralised footprint. This follows a successful initial drilling campaign that confirmed substantial copper mineralisation open at depth and laterally.