Latest Exploration Sector News

Forrestania Resources has completed its strategic acquisition of First Western Gold, securing control over seven exploration licenses including the promising Burracoppin Gold Project in Western Australia.

Mandrake Resources reports significant progress at its Utah Lithium Project, confirming a 3.3Mt lithium carbonate equivalent inferred resource and advancing brine flow modelling to pinpoint high-grade lithium zones.

Bannerman Energy Ltd reported a robust cash position of AUD 111.76 million at the end of September 2025, underpinning an estimated 13.5 quarters of operational funding despite ongoing exploration expenditures.

Aurumin Limited has sent out its Scheme Booklet detailing the proposed acquisition by Brightstar Resources, setting the stage for shareholder meetings in November. Securityholders are urged to review the materials carefully before voting.

Buxton Resources has promoted Martin Moloney from CEO to Managing Director, signaling a strategic leadership shift as the company continues its exploration efforts. Meanwhile, Non-Executive Director Jared Jacob departs to join Sandfire Resources.

Odessa Minerals appoints Tim Goldsmith, former Rincon CEO, as Non-Executive Chairman and raises $1.15 million to fuel exploration and acquisitions.

Legacy Minerals has partnered with Rio Tinto in a farm-in deal that could see up to $25 million invested in exploring the vast Thomson Project in NSW for intrusion-related copper and gold deposits.

Carawine Resources Limited’s shares have been suspended from trading following a Federal Court ruling that allows QGold Pty Ltd to compulsorily acquire all remaining shares it does not own.

Aurumin Limited has secured Supreme Court approval to convene shareholder and optionholder meetings for Brightstar Resources’ proposed full acquisition. The company’s directors unanimously back the schemes, setting the stage for a pivotal vote in November.

Duketon Mining’s latest ultrafine soil sampling at the Barlee Project reveals several significant gold anomalies, boosting confidence ahead of planned drilling later this quarter.

Asian Battery Metals PLC’s latest Phase 3 drilling results at the Yambat Project in Mongolia reveal expanded copper-nickel mineralisation and new high-conductance electromagnetic targets, underscoring the district-scale potential of this emerging magmatic sulphide system.

QMines Limited has announced a fully underwritten $1.5 million Share Purchase Plan for existing shareholders, complementing a recent $7.5 million placement to fund exploration at its Mt Mackenzie gold and silver project.