Latest Exploration Spending News

S2 Resources secured new tenements, completed heritage and aeromagnetic surveys, and obtained drilling approvals across WA, NSW, and Victoria, maintaining a robust cash position of A$18.57 million.

eMetals Limited has significantly grown its Mineral Range Tungsten Project in Utah, securing all mineral claims and reporting multiple high-grade tungsten samples, while completing a 10:1 share consolidation.

Noronex Limited has struck a deal to acquire the Sleitat Tin Project in Alaska, marking a rare US tin opportunity, while pushing forward with copper and uranium exploration programs in Africa backed by South32.

Nelson Resources has kicked off underground drilling at its high-grade Orleans Mine while advancing rehabilitation at Great Western Mine and securing a strategic tungsten property adjacent to a major US project. Exploration spending reached $794k, supported by a $2.1 million cash buffer.

Tarrina Resources has revealed substantial high-grade gold intersections over a strike exceeding 1km at its Christmas Gift project, alongside compelling new copper-gold IOCG targets at Walparuta, signalling expanded exploration potential.

Nico Resources has completed preparations for a key infill drilling campaign at its Wingellina nickel-cobalt project, aiming to upgrade resource classifications and refine metallurgical understanding. The company also inked a strategic MOU with Pure Battery Technologies to explore regional refining opportunities amid a turbulent nickel price environment.

Vita Resources reports promising initial auger drilling results at Ninnis Gold Project, prompting an expanded program targeting key fault zones. The company also secured $2.9 million in a two-tranche placement to fund exploration across its diverse portfolio.

Westgold Resources delivered a record 387,354oz gold production in FY26, exceeding guidance, while closing the year with a robust $939 million in cash and liquid assets, remaining debt free and unhedged.

Athena Resources has kicked off a 2,900m drilling campaign at its 100% owned Narryer Project, backed by a $3.5 million placement and shareholder-approved share consolidation to streamline capital structure.

Regis Resources has boosted its FY27 gold production guidance to 360-400koz, driven by higher output at Duketon and sustained growth capital investment.

Ora Banda Mining (ASX:OBM) reported a substantial expansion of its Mineral Resources and Ore Reserves at the Davyhurst Gold Project, driven by exploration success and significant drilling investment.

Iceni Gold has secured a farm-in and joint venture agreement with Gold Fields, unlocking up to $10 million in exploration funding at the Everleigh-Tatong prospect within its 14 Mile Well Gold Project in Western Australia.