Latest Exploration Risk News

Condor Energy has secured a 12-month extension for its Technical Evaluation Agreement in Peru’s Tumbes Basin, underpinning its exploration and commercialisation plans backed by significant prospective oil and gas resources.

Norwest Minerals has reported a substantial 33% increase in its Bulgera Gold Project resource to 288,400 ounces and secured $4.85 million to advance exploration, including a new drilling campaign targeting deeper gold zones.

Strata Minerals Limited is set to recommence diamond drilling at its Penny South Gold Project in Western Australia, aiming to build on promising initial results. The program, co-funded by the WA government, marks a critical step in advancing exploration with new structural insights expected.

North Stawell Minerals has completed a $1.5 million private placement, bolstering its efforts to explore the promising Stawell Mineralised Corridor in Victoria.

ActivEX Limited has announced a maiden JORC-compliant inferred gold resource of 310,000 ounces at its Mt Hogan historic gold mine within the Gilberton JV project in Queensland. This milestone sets the stage for further exploration and potential development in a highly prospective gold region.

Rincon Resources Limited has announced a non-renounceable entitlement offer to issue options aimed at raising approximately $97,520, fully underwritten by Golden Triangle Capital Pty Ltd. The offer may lead to a 25% dilution if all options are exercised.

Connected Minerals reports promising uranium grades from its maiden drilling at Namibia’s Etango North-East project, aligning closely with nearby world-class deposits, while advancing rare earth exploration in Western Australia.

Dynamic Metals reports encouraging gold assay results from its Widgiemooltha Project, alongside strong cash reserves and upcoming drilling plans at Chalice South.

S2 Resources reports a notable gold-arsenic-antimony anomaly from reconnaissance drilling at Fosterville, setting the stage for targeted follow-up exploration. Meanwhile, drilling at Glenlogan advances with assays pending, and Warraweena prepares for initial drill testing.

Golden State Mining advances its Western Australia gold exploration with promising air-core drilling results at Southern Cross East and a significant tenement expansion at Yule, setting the stage for a major exploration push.

Nova Minerals has closed a US$11.1 million underwritten offering on NASDAQ, positioning itself to advance exploration and feasibility studies at its Estelle Gold and Critical Minerals Project in Alaska.

Marimaca Copper Corp. has issued a prospectus for a nominal cleansing offer of 100 new CDIs at A$10.65 each, aiming to remove trading restrictions on previously issued securities. The company also disclosed extensive risk factors, including ongoing legal proceedings and project development uncertainties.