Latest Exploration Spending News

Iron Road Ltd progresses its Central Eyre Iron Project and Mulgathing heavy mineral sands exploration despite subdued iron ore investment and volatile energy costs. Strategic land options secured at Cape Hardy signal potential green hydrogen collaboration.

Evolution Mining delivered a record $366 million net mine cash flow in the September quarter, advancing key projects and reducing gearing to 11%, positioning itself strongly for FY26.

Catalyst Metals reported a slight dip in September quarter gold output due to processing challenges but remains on track to meet full-year targets amid ramped-up exploration and development.

Eastern Resources Limited has secured a farm-in agreement to earn up to 80% interest in Queensland’s Marengo Gold Project, a historically rich goldfield with promising high-grade assays and multiple exploration targets.

OZZ Resources Limited has provided a detailed update to ASX on its prolonged voluntary suspension, citing procedural delays in Zimbabwe and a pending joint venture at its Maguires Reward Project. The company outlines exploration activities, expenditure, and plans to resume trading.

Benz Mining Corp reported a CAD 3.58 million net loss for Q1 2025, driven by ramped-up exploration at its newly acquired Western Australian gold projects. The company bolstered its cash position with a CAD 27 million private placement post-period, aiming to fuel further resource growth.

Cobre Limited has struck a strategic deal with Sinomine International Exploration, securing up to A$3 million in funding and an option for Sinomine to acquire a 70% interest in the Okavango Copper Project in Botswana.

Genesis Minerals has more than doubled its FY26 exploration budget to A$40-50 million, driven by promising drilling results at its Leonora and Laverton gold assets. Recent assays reinforce the company’s strategy of organic growth supported by resource expansion near existing processing infrastructure.

Altair Minerals is escalating its dispute with BHP over the undervaluation of its Olympic Domain Project by proceeding to South Australia’s Wardens Court. The junior explorer aims to defend the strategic and exploration value of its land amid ongoing negotiations with other majors.

IMDEX Limited reported resilient FY25 earnings highlighted by a record fourth quarter revenue and significant progress in its digital growth strategy, supported by strategic acquisitions and strong operational performance.

Genesis Minerals delivered a standout FY25 with a 256% surge in EBITDA and a strategic A$250 million acquisition of Focus Minerals' Laverton Gold Project, setting the stage for accelerated growth and margin protection.

Truscott Mining Corporation has confirmed a $577,890 capital raise through a rights issue, explaining its exploration expenditure and operational status amid a drilling hiatus since late 2022. The company underscores its commitment to long-term project development and compliance with ASX listing requirements.