Latest Exploration Success News

Nagambie Resources has reported a significant assay result from its newly discovered C4 antimony-gold lode, reinforcing its structural model and advancing plans for a joint venture gold treatment plant amid a fresh capital raise.

RareX Limited advances its critical minerals portfolio with a strategic consortium for Kenya’s Mrima Hill project and unveils high-grade gallium and scandium at its Cummins Range deposit in Western Australia.

Matsa Resources has commenced mining at its Devon Pit Gold Mine with first ore processing slated for September 2025, while also receiving a significant $5.7 million deposit from AngloGold Ashanti under a $101 million tenement option agreement.

Ballymore Resources has reported exceptional high-grade gold intersections at its Dittmer Project, alongside government grants to accelerate exploration and a key mining lease approval recommendation.

Admiralty Resources NL reported a cash balance of $1.738 million at the end of June 2025, supported by financing facilities that provide nearly seven quarters of operational funding. The company’s latest cash flow report reveals ongoing investment in exploration alongside careful management of its loan facilities.

Pilot Energy reports significant progress in transitioning the Cliff Head Oil Field to a carbon storage facility, alongside a major upgrade in WA-481P gas and oil prospective resources and a $6.8 million capital raise.

Atlantic Lithium advances negotiations for revised fiscal terms on its flagship Ewoyaa Mining Lease in Ghana, while reporting promising spodumene discoveries in Côte d'Ivoire and implementing significant cost-saving measures.

State Gas Limited has successfully drilled two new wells at its Rolleston West Project, intersecting significant coal seams and initiating production testing, while engaging NSAI for independent reserve certification.

Athena Resources has completed a successful drilling campaign at its Byro South magnetite project, resolving key tenement disputes and strengthening its alliance with Fenix Resources. The company is advancing metallurgical test work to enhance ore quality.

Finder Energy has fast-tracked development of its Kuda Tasi and Jahal oil fields in Timor-Leste, targeting initial production rates of up to 40,000 barrels per day through a strategic alliance with SLB. The company’s tight capital structure and multiple exploration prospects position it for significant catalysts in the second half of 2025.

Mithril Silver and Gold Limited reports strong exploration progress in Mexico’s Copalquin District with high-grade gold and silver assay results and a successful C$11.5 million private placement.

Tempest Minerals reports a maiden inferred mineral resource of 63.5 million tonnes at 30.6% iron for its Remorse Deposit, alongside promising gold anomalies at its Sanity Target and a successful $1.87 million capital raise.