Latest Exploration Success News

Aeris Resources reported FY26 copper equivalent production of 42.1kt and gold output of 49koz, both comfortably within guidance, while ending the year with a robust cash and receivables balance of $202.3 million.

Pancontinental Energy progresses its Namibian PEL 87 exploration with a seismic reprocessing study and farmin discussions, while neighbouring operators report promising discoveries and development plans in the Orange Basin.

Star Minerals has begun mining at its Tumblegum South Gold Project with high-grade gold intercepts confirmed, while also expanding its footprint by securing a large new exploration project near Merredin in Western Australia.

Polymetals Resources accelerated production and revenue growth in the June quarter, underpinned by high-grade drilling results that suggest a smaller historic collapse and expanded resource potential at the Endeavor Mine.

Ora Banda Mining (ASX:OBM) reported a substantial expansion of its Mineral Resources and Ore Reserves at the Davyhurst Gold Project, driven by exploration success and significant drilling investment.

Charger Metals has completed the unconditional sale of its Bynoe Lithium Project to Core Lithium’s subsidiary for $3.75 million upfront, with further payments tied to resource milestones and a capped royalty. The deal frees capital for Charger’s Lake Johnston lithium exploration and development plans.

Chilwa Minerals has lodged a Form F-1 registration with the US SEC, aiming to raise capital through a Nasdaq listing of American Depositary Shares while maintaining its ASX presence.

DPM Metals delivered a robust 102,000 gold equivalent ounces in Q2 2026, driven by Chelopech’s strong grades and Vareš mine’s steady ramp-up. The company also returned over US$49 million to shareholders through share buybacks amid ongoing project developments.

Alkane Resources has reported strong high-grade gold intercepts and the deepest mineralisation to date at its Björkdal Gold Mine in Sweden, underpinning potential resource growth and mine-life extension.

ANSTO Minerals has demonstrated high extraction rates of key magnet rare earths from Korsnäs historical concentrate, advancing confidence in the project’s downstream processing flowsheet.

Alara Resources (ASX:AUQ) is seeking to raise $3.84 million through a pro-rata non-renounceable entitlement offer, partially underwritten by major shareholder ATI. The funds will primarily support exploration and working capital amid ongoing operational progress at its Oman copper projects.

Culpeo Minerals (ASX:CPO) has launched a pro-rata entitlement issue of approximately 198 million unlisted options, aiming to raise nearly A$500,000 to fund accelerated copper exploration in Chile. The options offer a low exercise price and long expiry, providing shareholders with leveraged exposure to the company’s drilling programs at El Quillay and Vista Montana.