Latest Exploration Success News

Patronus Resources (ASX:PTN) is executing a major 30,000-metre multi-rig drilling campaign at its Pine Creek gold project, underpinning a 2.3 million ounce gold equivalent resource across its Northern Territory and Western Australia assets, supported by a robust $65 million cash position.

DPM Metals delivered a record $227 million free cash flow in Q2 2026, driven by strong operational performance and higher metal prices. The ramp-up at Vareš remains on track for full production by year-end, while a major copper-gold discovery at Brevene South boosts exploration outlook.

Pacgold secures $13 million via placement to accelerate production and exploration at White Dam following a high-grade gold-copper discovery.

Rumble Resources has upgraded its Western Queen gold resource by 17% to 433,600 ounces, secured a near five-year toll milling agreement, and progressed feasibility and permitting work, setting the stage for production in 2027.

Emerald Resources NL sustained steady gold output at its Okvau Mine with 27.1Koz produced in June quarter while progressing the Dingo Range Gold Project towards production, supported by a robust cash position of A$481 million.

Riedel Resources has transformed into a multi-project gold explorer with the acquisition of controlling interests in the Cosmo and Mt Venn projects in Western Australia, complementing its Kingman asset in Arizona. The company is gearing up for maiden drilling and expanded exploration across its portfolio.

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.