Latest Exploration Risk News

Great Western Exploration has kicked off a major copper-gold drilling campaign targeting nine prospects in Western Australia's Yerrida Basin, backed by a $3.75 million placement. The program begins with a diamond drill testing a key gravity anomaly at the Oval VHMS target, aiming to replicate the nearby DeGrussa deposit's success.

Golden Horse Minerals has reported a standout diamond drill intercept of 16m at 6.8 g/t Au with visible gold north of the historic Hopes Hill pit, extending the known mineralised strike to over 2.5km and highlighting the potential for a larger gold system. Follow-up drilling is underway as part of an aggressive 2026 program.

Xstate Resources has issued a cleansing prospectus to remove trading restrictions on recently placed shares and associated options, following a $1.69 million capital raise priced at 3.3 cents per share. The offer includes free attaching options to placement participants, brokers, and consultants, subject to shareholder approval.

Agrimin Limited has secured a large exploration package in Western Australia's West Musgrave region, acquiring the Mount Squires Project from Caspin Resources. The project offers promising gold and base metal targets along strike from BHP’s Nebo and Babel deposits.

Cooper Metals has swapped its Oorindi Project for the Pyramid Gold Project in North Queensland, a high-grade gold asset in the prolific Drummond Basin. The company plans immediate exploration and a $979,500 capital raise to fund drilling and technical expansion.

Cooper Metals has acquired the Pyramid Gold Project in North Queensland through an asset swap with AIC Mines, exchanging its Oorindi Project and raising nearly $1 million to fund exploration. The deal adds a high-grade, underexplored gold asset to Cooper’s portfolio, with drilling set to ramp up across multiple projects.

Red Sky Energy is raising approximately AUD 4.2 million through a fully underwritten non-renounceable rights issue priced at 0.1 cents per share. The capital will fund participation in Santos-operated wells and support ongoing operations.

Lincoln Minerals (ASX:LML) has received all necessary approvals to begin a significant air core drilling program at its Minbrie Copper Project in South Australia, targeting 17km of prospective copper stratigraphy including 1.7km of untested strike at Eagle Ridge. The company plans at least 40 holes in Q2 2026 to identify key targets for follow-up drilling.

Kali Metals (ASX:KM1) has unveiled promising shallow, high-grade gold mineralisation from its maiden drilling at Marble Bar, while consolidating its Pilbara footprint by acquiring full ownership of the DOM’s Hill and Pear Creek Projects. A $7 million capital raise bolsters its cash position ahead of an expanded Phase II drilling campaign.

Neometals has secured A$7.9 million through a placement and launched a concurrent A$5.1 million entitlement offer to fund gold production at Barrambie and advance lithium exploration in Utah. The capital raise supports a near-term production joint venture and aggressive resource expansion.

Caprice Resources has identified multiple new gold anomalies at its Island Gold Project, setting the stage for deeper drilling follow-up amid a 50,000m program underway.

TechGen Metals has identified two high-priority exploration targets at its Dalgaranga Gold Project in WA, including a gold target near historic workings and a new VHMS-style base metal anomaly. Both remain untested by drilling in a prolific gold corridor.