Latest Exploration Spending News

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.

Lake Resources made solid progress on the Exploitation Environmental Impact Assessment for its Kachi Lithium Brine Project, targeting approval in Q3 2026, while maintaining strong liquidity and strategic partnerships.

Red Metal Limited is progressing key rare earth and base metal projects across Australia, securing government grants and proposing a major Maronan Metals share distribution to shareholders.

Infinity Mining has inked a binding farm-in and joint venture deal with Mining One to fund exploration and drilling at its Victorian gold-antimony projects, unlocking a fully financed pathway to test high-priority targets.

Perpetual Resources continues to hit high-grade lithium and caesium targets at its Igrejinha and Renaldinho projects while strategically entering the tungsten market with a sizeable new tenure in Brazil’s Seridó Mineral Province. The company is gearing up for trenching and drilling campaigns amid a tight cash position.

Hamelin Gold is gearing up for a busy 2026 with planned drilling across three key Western Australian gold provinces, underpinned by a solid cash position and strategic asset sales.

Great Boulder Resources accelerated drilling at its Side Well Gold Project, delivering a jaw-dropping 1.93m intercept grading 574g/t gold, including an extraordinary 0.25m at 4,434g/t, while maintaining a solid $12 million cash position.

Augustus Minerals completed a key drilling campaign at its flagship Music Well project with assay results due shortly, while continuing to progress permitting and landowner engagement for its Papua New Guinea gold projects.

Alkane Resources delivered a record 45,776 gold equivalent ounces in Q3 FY26, generating $189 million in operating cash flow and boosting its cash, bullion, and investments to $374 million. The company maintained its full-year guidance and secured a place in the S&P/ASX 200 index, enhancing its market profile.