Latest Exploration Sector News

WIN Metals has won a co-funded drilling grant from the Western Australian Government to test the Ganymede gold prospect, a promising extension of the Butchers Creek deposit. The grant covers half the drilling costs, accelerating exploration plans for 2025.

Aston Minerals Limited and Torque Metals Limited have announced a strategic merger to create a growth-focused gold exploration company with combined resources of approximately 1.75 million ounces across projects in Western Australia and Ontario, Canada.

Alice Queen Limited’s latest drilling at the Viani Project in Fiji confirms high-grade epithermal gold mineralisation extending to 175 metres depth, prompting plans for further drilling and a capital raise to fund exploration.

Impact Minerals Limited reported a solid cash position of A$3.75 million at quarter-end, supported by a recent equity raise that extends its funding runway to nearly four quarters despite ongoing exploration expenditures.

Aldoro Resources Limited has had its trading suspension lifted immediately following the release of new exploration results and a response to an ASX price query, signaling renewed market activity.

Lightning Minerals has commenced a significant drilling campaign at its Esperança lithium project in Brazil, alongside promising soil sampling results at its Caraíbas and Canabrava projects, underscoring the company’s growing footprint in the Lithium Valley region.

Canterbury Resources Limited has completed a $125,000 capital raise through a private placement of 5 million shares, each accompanied by an option exercisable at $0.05 until the end of 2026.

Metal Bank Limited reported a net cash outflow in Q1 2025, with limited cash runway prompting strategic funding considerations including potential project sales.

Sun Silver Limited has initiated a focused drilling campaign at its flagship Maverick Springs Project in Nevada to upgrade its substantial 480Moz silver-gold resource and explore expansion opportunities.

Ausmon Resources Limited has launched a Share Purchase Plan aiming to raise up to $540,000 by issuing shares at a discounted price, supporting its exploration and operational funding needs.

BPM Minerals has commenced a significant 6,000m aircore drilling program at its Claw Gold Project in Western Australia, aiming to extend known gold mineralisation along an 8km corridor adjacent to Capricorn Metals' Mount Gibson Gold Project.

IMDEX Limited has announced a fully franked ordinary dividend of AUD 0.015 per share, signaling steady shareholder returns for the half-year ending December 2024.