Latest Exploration Risk News

Nimy Resources has successfully raised $4.88 million through an oversubscribed Share Purchase Plan, signaling strong investor confidence in its Western Australian gallium and rare earths projects.

Pancontinental Energy has expanded its PEL 87 project offshore Namibia with two new prospects, boosting total high case prospective resources to 6.1 billion barrels net to the company. The ongoing farmout process signals growing industry interest in this promising exploration play.

Pioneer Lithium has identified multiple promising antimony and tungsten targets at its North Pine Project in Idaho through advanced satellite imagery analysis, marking a significant step in its critical minerals exploration.

Ora Banda Mining Ltd reported a record September quarter with a 39% surge in gold production and a 37% rise in gold sales, underpinned by strong operational performance and exploration success.

Sarama Resources has completed the third tranche of its A$2.7 million equity placement, raising A$100,000 to advance exploration at its Cosmo Gold Project and support ongoing arbitration efforts.

Pilot Energy has secured crucial environmental approval to conduct a 3D seismic survey offshore Perth Basin, propelling its exploration and farmout ambitions forward while supporting carbon storage initiatives.

Tasman Resources has raised $2 million through a two-tranche placement to fund a promising drilling campaign at Parkinson Dam and broaden its project portfolio, alongside appointing a new director to steer its strategic ambitions.

WIN Metals has commenced maiden drilling at its Radio Gold Project in Western Australia, releasing restated historic exploration results that highlight significant high-grade gold intercepts. The ongoing drilling program is halfway complete, with first assay results expected soon.

Somerset Minerals’ latest geophysical survey at the Jura Prospect reveals a mineralised copper zone extending to at least 600 metres below surface, with signs of increasing grade at depth. Parallel untested targets and a new southern anomaly set the stage for expanded drilling campaigns.

Duketon Mining reports promising gold assay results from its first drilling at Killarney, secures an option to acquire the Boodanoo Gold Project, and updates nickel resource estimates at Rosie and C2 deposits.

Nimy Resources is advancing its Mons Critical Mineral Project with a comprehensive geochemical sampling program and high-resolution airborne magnetic surveys targeting gold, base metals, and gallium. These efforts aim to extend known mineralised zones and refine upcoming drilling strategies.

Patronus Resources confirms exceptional uranium grades from recent drilling at Thunderball, revealing a new geological model that could unlock over 30km of prospective ground in the Pine Creek Project.