Latest Exploration Spending News

St Barbara Limited retracts previously released historical surface sample results after ASX consultation, while announcing a significant 64% increase in its Nova Scotia gold exploration budget to A$4.1 million for FY27, alongside a doubling of its exploration team and an ambitious drilling and survey program.

Aeris Resources outlines FY27 production largely in line with FY26, while sharply increasing growth capital to advance the Constellation project and boosting exploration across assets.

Clara Resources (ASX:C7A) sharpened its exploration focus on the Mareeba Gold Project, unveiling seven new targets from a LiDAR survey and expanding its tenure by 111 km². The company also refreshed its leadership and bolstered its cash position through a $1.13 million equity raise.

Paterson Resources has boosted its Inferred Mineral Resource Estimate at the Grace Gold Project to 200,000 ounces, revealing shallow, high-grade gold mineralisation with strong open cut potential.

Waratah Minerals expanded its Spur Gold Project drilling with 12 rigs, confirming extensive high-grade gold zones and consolidating the district through strategic acquisitions. A $48 million capital raise underpins ongoing exploration.

Rapid Critical Metals has kicked off drilling at its Webbs Silver Project, expanded its NSW footprint with the Tooloom acquisition, and secured a key permit for gallium-germanium drilling in Canada, while metallurgical tests at Webbs and Consol show promising recoveries.

Nexus Minerals has completed nearly 22,000m of RC drilling at Wallbrook, delivering strong gold intercepts and setting up an updated resource estimate by September. The company also moved to acquire Northern Star's remaining 10% stake in the Pinnacles JV, consolidating full ownership.

Black Bear Minerals reported exceptional silver drill results extending beyond its current Shafter resource and boosted its Independence gold resource to over 2.2 million ounces AuEq, while progressing operational restart studies backed by potential financing.

True North Copper (ASX:TNC) reported strong progress in Q4 FY2026, expanding its Mt Oxide copper system and consolidating its Cloncurry assets ahead of a key Pre-Feasibility Study.

Pantoro Gold delivered 18,028 ounces in Q4 FY2026 amid operational challenges and sets a FY2027 production target of 90,000 to 105,000 ounces at a lower AISC of A$2,800 to A$3,400 per ounce.

Yandal Resources has expanded the Arrakis gold discovery with high-grade mineralisation at depth and confirmed fresh rock gold at Flushing Meadows, underpinning a busy September quarter exploration schedule.

Rand Mining’s cash balance fell to $2.086 million in June quarter as gold sales dipped and operating cash flow turned negative, pressured by higher production and development expenses.