Latest Exploration Strategy News

Australian Gold and Copper Ltd has secured a binding agreement to acquire the Browns Reef Project from Eastern Metals, significantly expanding its South Cobar exploration footprint in NSW with promising historic drilling results.

Altair Minerals has entered a binding agreement to acquire up to 70% of the Greater Oko Project in Guyana, positioning itself as a leading gold explorer in a rapidly emerging district adjacent to major discoveries.

Silver Mines Limited has raised $33 million through a $30 million placement and a $3 million share purchase plan, bolstering its development and exploration ambitions in Australia and the US.

Askari Metals has completed technical due diligence on its Nejo Gold and Copper Project in Ethiopia, clearing a key hurdle ahead of acquisition settlement and setting the stage for maiden drilling campaigns.

Perpetual Resources has raised $1.6 million to accelerate exploration of lithium and caesium deposits in Brazil, following promising initial drilling results at its Igrejinha project.

Gorilla Gold reports outstanding initial metallurgical results from its Lakeview Prospect at Comet Vale, achieving 97.5% gold recovery and gearing up for an expanded drilling campaign targeting a maiden resource estimate in Q4 2025.

Albion Resources has reported impressive shallow high-grade gold intercepts at its Collavilla Prospect within the Yandal West Gold Project, reinforcing the potential of this emerging gold system. The results support a geological model linking gold mineralisation to mafic rafts in granite, with further drilling and surveys underway.

Peel Mining Limited has updated its mineral resource estimates, highlighting a robust 22.9 million tonnes at 2.20% copper equivalent across its South Cobar Project. The company is advancing pre-feasibility studies and exploration drilling at key deposits, positioning itself as a significant player in the Cobar Basin copper hub.

Enova Mining has raised $0.85 million to fund a diamond drilling campaign targeting high-grade rare earth elements at its East Salinas Project in Brazil, signaling strong investor confidence and advancing its critical minerals portfolio.

Western Mines Group has completed the first four holes of its Phase 4 drilling at Mulga Tank, revealing visible sulphide mineralisation beyond existing resource boundaries and advancing diamond drilling and electromagnetic surveys to target deeper nickel sulphide deposits.

Firetail Resources has raised A$5 million in a strongly supported placement to accelerate exploration across its US and international gold and copper projects, including maiden drilling at the Excelsior Gold Project in Nevada.

Nimy Resources has identified a significant copper-zinc-gold anomaly at its Sneaky Squirrel Gossan Prospect within the Mons Project, Western Australia, hinting at a potential volcanogenic massive sulphide deposit similar to Golden Grove.