Latest Exploration Success News

Sinclair Gold has cleared a key drilling milestone at its Mt Henry project, prompting a $5 million cash payment to Westgold and cancelling over 7.5 million performance rights. The company also moves closer to completing a royalty deal with Stria Lithium, while preparing for a resource update by year-end.

Sandfire Resources Ltd (ASX:SFR) posted a 41% revenue jump to $1.65 billion and a 282% surge in net profit to $355.8 million for FY26, driven by strong operational performance and robust commodity prices. The company declared a fully franked 35 Australian cents per share dividend and advanced its Kalkaroo Copper-Gold Project with a $70 million pre-feasibility study underway.

Anson Resources has confirmed a 2,500-metre extension of uranium-vanadium mineralization at its Yellow Cat Project in Utah, with assay results indicating proximity to high-grade zones. Phase 2 drilling and environmental surveys are underway to upgrade a historical resource to JORC 2012 standards.

Benz Mining has locked in A$150 million from institutional investors to ramp up its Glenburgh gold drilling campaign, expanding to 14 rigs and accelerating a maiden resource estimate targeted for early 2027.

True North Copper Limited (ASX:TNC) has opened a Share Purchase Plan allowing eligible shareholders to buy up to $30,000 of shares at $0.37 each, a 14% discount to recent trading prices. The SPP complements an institutional placement, targeting a combined raise of $20 million to fund the Mt Oxide Copper Project.

SQX Resources launches a fully underwritten $2.47 million rights issue at a 31% discount to fund accelerated exploration across key US and Australian projects.

Albion Resources has uncovered exceptionally high-grade gold at its Gidgee Gold Project, with rock-chip sampling returning a standout 280.3 g/t Au from the Phar Lap Prospect, setting the stage for a maiden drilling campaign.

Solstice Minerals has pushed the boundaries of its Nanadie Copper-Gold Project in WA, reporting a combined 148m intercept at 0.77% copper and 0.20g/t gold that extends mineralisation beyond the current resource estimate.

Northern Star Resources (ASX:NST) posted a 24% rise in net profit to A$1.66 billion for FY26, declaring a fully franked 30 cent final dividend and advancing its KCGM mill expansion into commissioning.

Kalgoorlie Gold Mining has inked an updated Heritage Protection Agreement with the Kakarra Aboriginal Corporation, covering all tenements and gold rights in Kakarra country. The move aims to safeguard indigenous heritage while accelerating exploration at the Pinjin and Bulong Taurus projects.

Leeuwin Metals has secured a joint venture deal with Arrow Minerals over key Pilbara tenements, gaining exposure to iron ore and copper prospects with no upfront exploration cost.

Arrow Minerals revealed a previously confidential tenement acquisition following an ASX price query triggered by a sharp rise in its share price. The company attributes the price movement to multiple positive developments rather than the acquisition itself.