Latest Exploration Risk News

Peak Minerals has confirmed a significant new rutile province at its Minta Rutile Project in Cameroon, with initial drilling revealing consistent heavy mineralisation over a 12km strike. The discovery expands the project's potential towards a globally significant scale.

Tempest Minerals Limited has announced a non-renounceable rights issue to raise approximately $1.47 million, aimed at funding exploration at its Yalgoo iron ore project and other assets. The offer includes free-attaching options and carries a potential dilution of up to 33% for non-participating shareholders.

Adelong Gold has locked in a binding agreement to acquire the Lauriston Gold Project, boasting exceptional high-grade gold mineralisation adjacent to the world-class Fosterville Mine. The acquisition, backed by a $3 million capital raise, positions Adelong to rapidly expand its Victorian gold portfolio.

Torque Metals has won a $144,500 co-funded drilling grant from the Western Australian government to explore down-plunge extensions of high-grade gold at its Paris Gold Project, potentially expanding its resource base.

Adavale Resources (ASX:ADD) advances its Parkes Project in NSW’s Lachlan Fold Belt with a maiden JORC resource at London-Victoria and promising copper-gold targets at Ashes and Myalls. The company is gearing up for a maiden drilling campaign in Q2 2025.

AuMEGA Metals has reported significant gold mineralization from its winter drilling program at the Bunker Hill Project in Newfoundland, revealing a major structure with strong assay results and setting the stage for expanded mid-year diamond drilling.

Augustus Minerals advances exploration at its Ti-Tree Money Intrusion project, planning a detailed Moving Loop EM survey to refine drill targets following promising VTEM results and nearby discoveries.

Dynamic Metals has reported promising initial assay results from its first phase of drilling at the Cognac West prospect, revealing both broad low-grade and narrower high-grade gold mineralisation. The company is gearing up for a follow-up drilling campaign to further delineate these targets.

Odyssey Gold’s recent 47km² airborne VTEM survey at Tuckanarra has identified 32 priority electromagnetic anomalies linked to gold mineralisation, revealing promising new exploration targets under cover. The survey confirms EM techniques as a powerful tool for expanding known resources in the prolific Murchison Goldfields.

Somerset Minerals has completed its acquisition of the high-grade Coppermine copper project in Nunavut, Canada, and is set to begin a maiden exploration campaign backed by a $2.39 million capital raise.

MetalsGrove Mining Limited has completed the acquisition of three gold joint venture permits covering 950 km² in central-west Côte d’Ivoire, positioning itself near the prolific Abujar gold mine. The company plans to initiate exploration soon, leveraging promising geological indicators and regional activity.

Litchfield Minerals has launched a detailed ground gravity survey over the Bomb Diggity target at its Oonagalabi permit, aiming to refine subsurface geological models and guide upcoming drilling campaigns.