Latest Exploration Spending News

Agrimin Limited is sharpening its focus on the West Arunta region's critical minerals potential as it steps back from the Mackay Potash Project, executing tenement surrenders and cost controls amid a $1.3 million cash position.

29Metals Limited (ASX:29M) swung to a $24 million net profit in 2025, powered by steady copper output at Golden Grove despite seismic disruptions, cost efficiencies, and key progress on growth projects including Gossan Valley and Capricorn Copper restart.

IRIS Metals has fortified its balance sheet with a A$5.5 million placement and is progressing towards an updated lithium-rubidium resource at Beecher while executing a farm-in deal for a tungsten project in Montana, reinforcing its diversified US critical minerals strategy.

Talisman Mining has confirmed significant near-surface gold mineralisation at its Walkers Hill and East Peak Hill projects in NSW through recent aircore drilling, alongside receiving $0.79 million in iron ore royalties and maintaining a solid cash position.

Castle Minerals has consolidated a dominant 184 km² landholding in Western Australia’s Murchison Gold District and advanced Côte d’Ivoire exploration toward drill-ready targets, supported by strategic leadership appointments.

Legend Mining has identified significant chargeable-resistive features at its Pinnacle Well Project, enhancing gold prospectivity at Alpha North and Pyrophyllite Hill. The company is progressing drill approvals aiming for a July start, supported by a solid $10.2 million cash balance.

49 Metals Limited has secured $10 million through its IPO to fund a detailed exploration campaign in Nevada’s Walker Lane Trend, including an 8,000-metre drilling program at the Gold Mountain project targeting high-grade gold zones.

LCL Resources has secured a transformative farm-in deal with Rio Tinto, which could see the mining giant earn up to an 80% stake in the promising Ono Project through substantial exploration funding and milestone payments.

IMDEX Limited has reported its strongest first half ever, with revenue climbing 16% to $247 million, driven by robust market share gains and key acquisitions that broaden its mining technology portfolio.

North Stawell Minerals is broadening its gold exploration strategy beyond Victoria, aiming to capitalise on strong gold prices with a diversified Australian project pipeline.

DPM Metals Inc. delivered record revenues and earnings in 2025, driven by higher metal prices and stable production, while completing the strategic acquisition of Adriatic Metals plc, adding the Vareš polymetallic mine to its portfolio. The company outlines a robust three-year growth plan focused on expanding production and exploration.

Western Mines Group has revealed a landmark nickel sulphide discovery at its Mulga Tank project in Western Australia, boasting 5.3 million tonnes of contained nickel and ranking among the world’s top 10 deposits.