Latest Exploration Risk News

Fenix Resources unveils a robust three-year plan to ramp up iron ore production from 2.4Mt in FY25 to 6Mtpa by FY28, anchored by its Weld Range Project. The company also raises FY26 guidance and initiates feasibility studies for further expansion.

Auravelle Metals’ maiden aircore drilling at the Crown Gold Project near Kalgoorlie confirms widespread supergene gold anomalism over 2km, identifying multiple promising targets for follow-up drilling.

Terrain Minerals has completed a $1.42 million placement in December, topping up an earlier October raise to fully fund its upcoming drilling campaigns and maiden JORC resource estimate.

Forrestania Resources has secured 100% mineral rights to three key tenements in Western Australia's Eastern Goldfields, expanding its gold asset base and supporting near-term production ambitions at Lake Johnston.

Moonlight Resources Limited is set to raise A$10 million through a fully underwritten IPO, targeting exploration and development of its diverse mineral projects across Australia. The offer includes 50 million shares priced at $0.20 each, with free options attached.

Patriot Resources highlights promising historical drill results and outlines a robust exploration plan for its Tassa Silver-Gold Project in Peru, strategically located near a major gold mine.

Catalina Resources’ independent geological review confirms strong orogenic gold potential at Beasley Creek, spotlighting the Flamingo target with historic high-grade intercepts and clear drill readiness.

Askari Metals has raised $1.15 million to fund its first drilling campaign at the Nejo Gold and Copper Project in Ethiopia and to advance exploration at its Uis Project in Namibia. The placement, supported by new and existing sophisticated investors including company directors, positions Askari to accelerate its African exploration strategy.

Many Peaks Minerals has launched a substantial diamond and RC drilling campaign exceeding 15,000 metres at its Ferké Gold Project in Côte d'Ivoire, aiming to expand known mineralised zones and build on recent high-grade gold discoveries.

Red Mountain Mining has launched an expanded exploration program at its Armidale Antimony-Gold Project, revealing promising visible antimony mineralisation early in the campaign. The company aims to define drill targets for 2026 following extensive soil and auger sampling.

LinQ Minerals has reported significant high-grade gold intersections extending mineralisation well beyond the Gidginbung open pit, confirming the system remains open for expansion. These results underpin plans for an expanded exploration campaign at the Gilmore Project in New South Wales.

ADX Energy has reported a significant 31% increase in its prospective gas resources for the Sicily Channel offshore permit, driven by new data from nearby fields and historic wells.