Latest Exploration Spending News

IRIS Metals is gearing up for a substantial tungsten drilling campaign in Montana while delivering a fresh lithium-rubidium resource estimate for its South Dakota project, underpinning its North American critical minerals ambitions.

Vantage Metals (ASX: VAN) has kicked off drilling at its Kalahari Copper Project in Botswana following a comprehensive airborne electromagnetic survey, while high-grade polymetallic assays emerge from its Argentine TMT Project. The company also raised A$6 million from strategic investors and rebranded from BRX to VAN.

Koonenberry Gold (ASX:KNB) bolstered its NSW portfolio by acquiring the Gundagai Gold-Copper Project and delivering strong drill results at Enmore and Junee JV, positioning for an active exploration phase.

Union Star Metals has sharpened its exploration focus on the Cobb Creek Gold Project in Nevada, identifying a significant concealed gold target and progressing toward maiden drilling while divesting non-core assets to streamline operations.

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.