Latest Exploration Sector News

Fitzroy River Corporation reported steady royalty income for the March 2025 quarter despite operational suspensions at Buru and ongoing geopolitical risks impacting commodity markets. Key project updates include Bowdens Silver’s development application progress and Federation Mining’s Snowy River feasibility study.

Fulcrum Lithium has completed significant drilling programs at its Alkali Flats and Fairway projects in Nevada, with assay results awaited to determine lithium potential. The company also plans to exit its Summit project, focusing resources on more promising assets.

Octava Minerals Limited has had its trading suspension lifted following the announcement of a proposed capital raising, signaling renewed market activity for the mining explorer.

Perpetual Resources Limited has had its trading suspension lifted following a key update on exploration activities and a response to an ASX price and volume query.

Mantle Minerals has received conversion notices for over half of its outstanding convertible notes, prompting a shareholder vote in September to decide on converting $742,000 of debt into shares with attached options.

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.

Advance Metals has entered a binding agreement to earn a 100% interest in the high-grade Guadalupe y Calvo gold-silver project in Mexico, significantly expanding its resource base to over 100 million ounces silver-equivalent across three projects.

Ordell Minerals has raised $3.85 million through a discounted share placement to accelerate drilling at its Barimaia Gold Project and initiate exploration at Goodia and Fisher South in Western Australia.

Agrimin Limited's associate, Tali Resources, officially lists on the ASX with Agrimin holding a significant 27% stake following a fully subscribed $2 million priority offer.

G50 Corp has announced preliminary results from its Phase 2 drilling at the Golconda Project in Arizona, confirming a new precious metals discovery. The company will discuss the discovery’s implications and next steps in an upcoming webinar.

Otto Energy has announced the resignation of its Acting CEO, Phil Trajanovich, after a year in the role. The board is now actively seeking a permanent replacement to lead the company forward.

Indiana Resources appoints seasoned mining executive Matthew Bowles as Managing Director to spearhead expansion at its Minos Gold Project, while promoting John Fitzgerald to COO amid a strong cash position.