Latest Exploration Spending News

Legend Mining has significantly expanded its Pinnacle Well Project, acquiring new tenements and identifying two high-priority gold anomalies, while winding back its Rockford joint venture holdings.

Norwest Minerals reported a cash outflow in the December 2025 quarter driven by an intensive drilling program, ending with A$1.64 million in cash. The company signals potential capital raising while maintaining confidence in ongoing operations.

Cazaly Resources has struck a deal with Dundas Minerals, allowing the latter to earn an 80% interest in the Romano gold project by funding $2 million in exploration over two years. Cazaly retains a 20% free-carried interest while focusing on its core Goongarrie project.

Dundas Minerals has secured an 80% stake in the Romano Project, an 800 km² gold exploration package adjacent to the Gruyere mine in Western Australia, unlocking new potential in a historically underexplored region.

Emmerson Resources and Pan African Resources have approved a $6.9 million exploration budget for the Tennant Creek Joint Venture in Q1 2026, marking the largest quarterly spend in over two decades. The program targets high-grade gold deposits with extensive drilling and geophysical surveys.

Australian Gold and Copper Ltd has released its inaugural Mineral Resource Estimate for the Achilles deposit in NSW's South Cobar region, revealing a substantial 38.5 million ounces silver-equivalent resource. This milestone underscores the company's growing footprint in precious and base metals exploration.

Northern Star Resources commits A$225 million to its FY26 exploration program, revealing promising drilling results and new prospects across key assets including Kalgoorlie, Yandal, Pogo, and the newly acquired Hemi Development Project.

Nex Metals Explorations reported no exploration spending in Q1 FY26 but made significant strides by finalising a profit-sharing deal for its Kookynie project and entering Egypt’s Eastern Desert mining scene.

West African Resources Limited reported a robust quarterly cash flow with strong operating inflows and substantial cash reserves, underscoring its solid financial footing amid ongoing exploration investments.

NuEnergy Gas Limited reported a cash outflow for the September quarter, continuing its exploration spend while progressing an early gas sales initiative and preparing for further capital raising.

Austin Metals Limited has agreed to sell its Broken Hill assets, focusing on its Western Australian gold projects, while reporting encouraging drilling results at Mt Sandy and Ashburton.

APC Minerals reported encouraging gold intersections from its Laverton Downs drilling program while navigating a tight cash position and ongoing asset acquisition efforts.