Latest Exploration Success News

Midas Minerals has returned a high-grade 10.9-metre copper intercept at its Deblin deposit in Namibia, including 5.7 metres at 8.85% copper. The results strengthen the case for continued resource drilling, although Deblin has yet to receive a mineral resource estimate.

Nelson Resources is selling its Woodline and Fortnum exploration projects for up to $1.09 million, including $690,000 in stated cash consideration and contingent Woodline payments. The divestments are intended to sharpen the company’s focus on Gold Point in Nevada and other priority assets.

Kuniko-funded drilling has extended the interpreted Silica Hill sulphide system beyond Impact Minerals’ existing resource model, with assays due within four to six weeks. The results could feed a December resource update, but the latest intersections remain visual observations rather than confirmed gold or silver grades.

New Age Exploration reported its strongest exploration results to date across three projects, including a 11.0 g/t gold intercept at Wagyu and a new mineralised zone at Lammerlaw. But the explorer’s $4.21 million loss, $2.48 million impairment and auditor-flagged going concern uncertainty leave its next drilling campaign dependent on further funding.

Viking Mines has hit 14 metres at 0.56% WO3 in the first assay from maiden drilling at its Linka tungsten project in Nevada. The result confirms mineralisation below historic workings, although a duplicate sample returned a lower grade and no resource has yet been defined.

First Au Limited has secured a foothold in the Sandstone gold district of Western Australia by acquiring five tenements with substantial historical drilling data, aiming to fast-track a maiden JORC-compliant Mineral Resource.

Catalina Resources is gearing up for maiden drilling at its Tallering Santy target in November 2026 while pushing Kirkalocka towards drill-ready status and launching first-ever fieldwork at Warriedar.

Dundas Minerals (ASX:DUN) posted a $5.05 million net loss for FY2026 while advancing its Western Australian gold projects and refreshing its leadership team.

Aurum Resources has unveiled new high-grade gold intercepts from 22 diamond drill holes at its Boundiali BST1 deposit in Côte d'Ivoire, confirming ongoing resource growth potential and advancing development plans toward production by 2028.

Great Northern Minerals (ASX: GNM) reported a $3.8 million loss for FY26 amid major US acquisitions, including the Iron Butte gold-silver project with a maiden resource of 480,000 oz gold and 11.5 million oz silver, and the Catalyst Ridge rare earths project. The company also completed a $2 million divestment of its remaining Golden Ant interest.

Carnaby Resources has made significant strides at its Greater Duchess Copper Gold Project, delivering a robust Pre-Feasibility Study and consolidating ownership, before agreeing to a $213 million acquisition by Evolution Mining offering shareholders a 60% premium.

Vault Minerals has reported a 9% increase in its 2026 Ore Reserves to 3.9 million ounces of gold, driven by notable gains at its Leonora and Deflector operations, underpinning a robust production outlook through FY29.