Latest Exploration Success News

Evolution Mining has agreed to acquire Carnaby Resources via a scheme of arrangement valuing Carnaby at around A$213 million, delivering a 60% premium to shareholders and aiming to de-risk the Greater Duchess project.

Australian Gold and Copper Ltd (ASX: AGC) pushed mineralisation at Achilles beyond 540m, kicked off maiden resource drilling at Browns-Evergreen, and secured the drill-ready Junee Gold Project, supported by a $5 million placement and a near $1 million R&D refund.

Forrestania Resources’ latest drilling at British Hill delivers multiple high-grade gold intercepts, extending mineralisation both near surface and at depth. The results bolster the project’s potential as a key ore source within its regional development strategy.

Regis Resources capped FY26 with production at the top end of guidance and a record cash position, setting the stage for higher output in FY27 alongside a reinstated 1.89Moz Ore Reserve at McPhillamys.

Broken Hill Mines (ASX: BHM) has hit a significant new bulk tonnage discovery at its Rasp Mine, revealing a 40m wide high-grade silver-lead-zinc zone that dwarfs previous resource estimates in the Centenary Zone.

Bayan Mining has agreed to sell its Bayan Springs North Project in Nevada to Sun Silver for up to A$800,000, retaining a 1.0% royalty and securing non-dilutive funding to focus on rare earths development.

New Murchison Gold Limited's Crown Prince Gold Mine sustained robust production with 15,455 ounces sold in the June quarter, while the Garden Gully Gold Project’s resource estimate jumped 47% to 359,000 ounces. Mining has now commenced at the Cloudkicker open pit, supporting growth and operational flexibility.

Waratah Minerals has reported multiple shallow, high-grade gold intersections at its Spur Gold Zone in New South Wales, confirming continuity over 300m strike and 350m depth. The drilling expands the mineralised footprint, advancing the project towards a shallow resource estimate.

Aeris Resources has reported a substantial 70% jump in Mineral Resources and a fourfold increase in Ore Reserves at its Tritton Operations, driven by the Peel Mining acquisition and successful exploration at key deposits.

Everest Metals has obtained a critical mining lease for its Revere Gold Project in WA, marking a major step from exploration to development with a 260,780-ounce maiden resource and ongoing approvals.

True North Copper (ASX:TNC) has agreed to sell its Bundarra Copper Project to Tec Minerals, securing A$500,000 cash, A$1 million equity in Tec Minerals, and a 1% Net Smelter Royalty, as it sharpens focus on its Mt Oxide and Cloncurry copper developments.

Perseus Mining is ramping up underground production and expanding its resource base at the Yaouré Gold Mine in Côte d’Ivoire, supported by a $34 million FY27 drilling program aimed at extending mine life and boosting mineral resources.