Latest Exploration Success News

Blue Star Helium has completed the commissioning phase of its Pinon Canyon helium plant, secured a three-month helium offtake agreement with a major US buyer, and begun selling helium as it prepares for production ramp-up in the second half of 2026.

Capricorn Metals delivered a record 123,589 ounces of gold in FY26 at its Karlawinda Gold Project, with FY27 guidance boosted by the imminent commissioning of its expansion project. Exploration at Mt Gibson and Golden Range continues to yield high-grade results, underpinning future growth.

Godolphin Resources has unveiled a significant polymetallic sulphide discovery at Cousin Jack within its Lewis Ponds Project, alongside progressing an IPO to spin out its Narraburra Rare Earths asset into Matrix Critical Minerals.

Aeris Resources has lifted its Group Mineral Resources by 24% and Ore Reserves by 50% to 61Mt and 21Mt respectively, driven by the Peel Mining acquisition and exploration success across its portfolio.

Golden Dragon Mining has raised A$2.2 million through a strategic placement to Chengtun Gold, a subsidiary of Shanghai-listed Chengtun Mining Group, at a near 18% premium. The deal grants Chengtun a board seat and aims to accelerate exploration at the Cue Gold Project.

Aeris Resources delivered a standout FY26 with a 78% EBITDA surge to $285 million, boosted by strong copper and gold production and a major expansion of its Tritton Ore Reserves. The company also completed its Peel Mining acquisition and kicked off early works at the Constellation Project.

Prominence Energy has validated elevated helium and natural hydrogen levels in South Australia, backed by independent lab and satellite data, while securing $1.56 million to fund its next exploration phase targeting mid-2027 drilling.

Prospect Resources has boosted its Mumbezhi Copper Project resource by 20%, notably doubling gold content, while commencing an extensive Phase 3 drilling program aimed at further expansion and upgrading.

Ramelius Resources delivered solid June quarter results, hitting 53,466 ounces at an AISC of A$1,973/oz and generating A$138.3 million in underlying free cash flow. The company met full-year guidance for the sixth consecutive year, advanced key projects, and progressed a major asset sale.

West African Resources (ASX:WAF) delivered a record quarterly gold production of 125,179 ounces in Q2 2026, maintaining its trajectory toward full-year guidance amid robust cash generation and promising drilling results.

Vault Minerals delivered on FY26 gold production guidance with strong quarterly output and cash flow, while progressing key projects and announcing a merger with Genesis Minerals to form a top 20 global gold producer.

Forrestania Resources has raised $310 million and agreed to acquire the Edna May Gold Project for $300 million, aiming to establish a second production hub and accelerate its growth into a mid-tier Australian gold producer.