Latest Exploration Strategy News

Burley Minerals has closed its Share Purchase Plan (SPP) after receiving applications beyond the $300,000 target, following a recent $700,000 placement. The company may scale back or accept all applications at its discretion, with shares expected to be issued on 12 June 2026.

Macallum New Energy has expanded its exploration prospects in the underexplored southern North Perth Basin with a new oil and gas prospect, Aberfeldy, and plans to pursue helium and hydrogen exploration following recent regulatory changes.

Ozz Resources aims to raise up to AUD 5 million through a public offer to fund the acquisition of Sulphide Minerals and exploration of the Bedaburra Project, pending ASX re-admission and shareholder approval.

Legacy Minerals has kicked off an 885m drilling campaign at McMahons Reef within its Harden Gold Project, funded by Hill Tops Gold under a joint venture. Meanwhile, Rio Tinto Exploration has withdrawn from the Thomson Project, returning 100% ownership to Legacy Minerals.

Chilwa Minerals has confirmed significant niobium mineralisation in its southernmost drillhole at Nakombe, extending the known strike length to 270 metres and reinforcing the scale of its critical minerals project in Malawi.

Chalice Mining has outlined a compelling 2.5km copper-molybdenum-silver soil anomaly near Goomalling, WA, featuring rock chips with over 15% total rare earth oxides and strategic magnet rare earths. An initial drilling program is imminent.

WA Gold (ASX: WAU) has pinpointed several high-priority gold targets at its Bullabulling Project in WA’s Eastern Goldfields, setting the stage for a significant drilling campaign starting this month.

Caspin Resources has identified a significant new tin mineralised zone, the Errol’s Fault Zone, outside the existing resource at its Kelpie Deposit. Early drilling shows promising grades and thickness, with follow-up work underway to define extensions.

Desert Metals (ASX:DM1) has acquired 100% ownership of two key gold and lithium permits in Côte d’Ivoire, consolidating its Adzope Project to 826km² and simplifying its exploration strategy.

Litchfield Minerals' latest drilling at Oonagalabi reveals broad copper-zinc mineralisation and an unusual nickel-molybdenum-bearing quartz vein, prompting refined geological models and planned advanced geophysical surveys.

Dalaroo Metals has pinpointed a continuous 4.3km gold-in-soil anomaly at its Gold Ridge Prospect in Côte d'Ivoire, aligning with a major 9km geophysical corridor and artisanal workings. A 5,000m auger drilling program is set to test the bedrock source ahead of maiden RC drilling.

Desert Metals Limited has raised $1 million through a placement at a 2.9% premium, backing exploration at its Scotty Lithium and Monger Gold projects alongside new growth opportunities.