Latest Exploration Spending News

Yugo Metals (ASX:YUG) secured government approval for its Petrovo tenement in Bosnia, while initial drilling at Sinjakovo’s Kovacevac and Erak prospects delivered promising polymetallic results. The company also appointed Petar Tomašević as permanent CEO, positioning itself for further exploration progress.

Buxton Resources has secured all key approvals to start drilling at its Madman Project and agreed to sell its 49% interest in the Copper Wolf JV to IGO for about A$6.15 million, shifting its focus to Australian exploration.

Top End Energy is progressing farm-out talks in the Beetaloo Basin amid growing industry validation, while its Kansas hydrogen project attracts new partners and it broadens into US AI data centre energy solutions.

Nexus Minerals has kicked off an extensive reverse circulation drilling program at its Wallbrook Gold Project, targeting resource growth across four key prospects while advancing permitting and operational partnerships.

Tambourah Metals has delivered compelling high-grade gold assay results from its Bryah and Tambourah projects, while accelerating exploration of critical minerals at Speewah North with a solid $5.35 million cash buffer.

PTR Minerals delivered standout assay results from its Rosewood Titanium Project, confirming extensive high-grade mineralisation and strong metallurgical performance, keeping its maiden JORC resource estimate on track for Q2 2026.

eMetals Limited has solidified its foothold in high-grade tungsten with a binding acquisition in Utah, while its Ugandan gold projects reveal promising soil anomalies amid ongoing exploration.

MB Gold Limited (ASX:MBG) has kicked off a significant 6,000-metre drilling program at its Marble Bar Gold Project following a successful $9 million IPO. The company also secured a Heritage Protection Agreement with the Nyamal Aboriginal Corporation, underlining its commitment to responsible exploration in the Pilbara.

Silver Mines Limited is progressing its Bowdens Silver Project development application with updated ecological surveys, while exploration intensifies at the Rockwell Prospect and Californian assets, supported by a solid cash position.

Galilee Energy has transformed its Zydeco Gas Project in Louisiana into a drill-ready asset, aiming for a Q2 2026 spud and first production within six months of success.

Belararox has ramped up drilling at its TMT Project in Argentina, unveiling a significant high-grade silver zone at Toro Central and expanding its landholding with the El Faro acquisition. Meanwhile, exploration in Botswana gears up with a major airborne electromagnetic survey, and the company contemplates divesting its Australian Belara Project to sharpen focus on core assets.

Lord Resources has deepened its geological understanding of the Ilgarari Copper Project through integrated data analysis, while maintaining a cautious stance on its lithium and gold assets during the March quarter.