Latest Exploration Sector News

Basin Energy Limited reported a challenging cash flow quarter ending December 2025, offsetting operational outflows with financing inflows and strategic asset sales. The company remains confident in sustaining operations amid variable exploration costs.

Prominence Energy has completed its acquisition of the Gawler Natural Hydrogen Project, gaining a significant foothold in Australia's emerging natural hydrogen and helium sector. The company is advancing technical evaluations and preparing for early 2026 field surveys to validate its promising geological prospects.

Kula Gold Limited shares have been suspended following Forrestania Resources’ compulsory acquisition, with delisting scheduled for early February 2026.

Winsome Resources has agreed to be acquired by Li-FT Power Limited in a deal offering a substantial premium to shareholders, backed by strong lithium exploration results and strategic partnerships.

APC Minerals has bolstered its financial footing with a $1.765 million capital raise, setting the stage for a strategic review and management transition as it evaluates its gold and critical minerals projects.

Gullewa Limited reported a robust cash flow position for the December 2025 quarter, driven by a significant equity financing that bolstered its cash reserves to over A$9 million. The company continues to invest in its iron ore exploration projects while maintaining operational cash flow positivity.

G11 Resources has completed a strategic acquisition and raised $7.5 million to fund exploration drilling targeting major copper and gold deposits in Tasmania and NSW. The company identified a significant new geophysical anomaly adjacent to the Mt Lyell mine, setting the stage for a busy 2026.

Australian Gold and Copper Ltd has reported outstanding deep drilling results at its Achilles deposit, revealing high-grade silver and gold mineralisation well below previous resource estimates. These findings come as silver prices surge above US$110 an ounce, potentially boosting the deposit's value.

Canterbury Resources has reported its longest and one of its highest-grade copper intersections to date at the Briggs deposit, underpinning plans for a major resource upgrade and prefeasibility study.

Global Uranium and Enrichment Limited has finalised the share and option scheme considerations for its acquisition by Snow Lake Resources, with directors backing the deal ahead of the upcoming shareholder vote.

Riversgold Ltd has affirmed the material significance of its recent Northern Zone gold exploration results alongside a $2 million capital raising, assuring compliance with ASX continuous disclosure rules.

Golden Globe Resources has successfully completed an oversubscribed $8.5 million IPO and immediately commenced a significant drilling program at its flagship Dooloo Creek project in Queensland. The company is advancing exploration with a new geological model targeting high-grade gold and copper mineralisation.