Latest Exploration Risk News

Kalamazoo Resources has raised $8 million through an oversubscribed share placement, surpassing its initial $5 million target. The capital will accelerate drilling and feasibility studies at its Ashburton Gold Project and support a strategic tenement acquisition.

North Stawell Minerals (ASX:NSM) highlights a robust gold exploration pipeline in Victoria, anchored by an upgraded 87,300-ounce Wildwood resource and promising high-grade prospects along the Darlington-Caledonia trend.

Strategic Energy Resources (ASX:SER) has completed its acquisition of 100% of the Diamantina Copper-Gold Project from Anglo American, setting the stage for a maiden diamond drilling campaign targeting promising copper-gold mineralisation in northwest Queensland.

Lodestar Minerals has expanded its Virgin Mountain project in Arizona by 40%, locking in a 5 km corridor of high-grade heavy rare earth mineralisation highlighted by rock chip assays reaching 14.68% TREO with a 59% heavy rare earth oxide content.

Core Lithium has kicked off open pit mining at Grants and underground development at BP33, backed by strong cash reserves and strategic asset divestment plans.

Iceni Gold has validated a major structural feature at its Goose Well target through a 362m diamond drillhole, refining the geological model and advancing its gold exploration strategy at the 14 Mile Well Project.

Voltaic Strategic Resources has completed acquisition of the remaining 20% interest in key exploration licences at Bundie Bore, gaining 100% ownership and unlocking new gold targets within a prolific WA gold district.

Hawk Resources has launched an options offer following a $3 million placement, aiming to fund exploration at its scandium and copper projects in Australia and the US.

Adavale Resources has consolidated its Parkes Project footprint with the grant of EL9918 and transfer of EL9178, revealing high-grade gold-copper-silver surface samples that extend mineralisation at the Ashes Prospect. This tenure consolidation unlocks multiple walk-up drill targets across a major gold-copper corridor in NSW's Lachlan Fold Belt.

Great Southern Mining (ASX:GSN) has launched an aggressive 20,000m drilling campaign targeting multiple gold discoveries across Western Australia and Queensland, including expansions at Golden Boulder and Amy Clarke, and diamond drilling at the Edinburgh Park joint venture with Gold Fields.

DeSoto Resources and Fortuna Mining’s joint venture High Guinea Gold has locked in a seven-project gold exploration package covering 591.43 square kilometres in Guinea’s prolific Siguiri Basin, marking a key step in their alliance’s expansion strategy.

Anax Metals (ASX: ANX) is launching a high-impact 18-hole diamond drilling campaign at its Whim Creek Project, aiming to extend the Mons Cupri VHMS deposit and uncover new mineralisation with modern techniques.