Latest Exploration Target News

Enova Mining reduced its half-year loss to $790,000, but an explicit going-concern warning puts future funding at the centre of its rare earth exploration story. The company ended June with $723,000 in cash while advancing several high-grade exploration targets across Brazil and Australia.

Kalamazoo Resources is moving Ashburton from exploration story to development proposition, backed by a positive Mt Olympus Scoping Study and extensive drilling. The next test is whether the updated resource, feasibility work and funding can turn the project’s preliminary economics into a mineable plan.

North Stawell Minerals has used a conference presentation to position Darlington and Darlington West as its leading tests of the Stawell gold model, while outlining a broader Victorian exploration pipeline. The company stresses that the drilling results and resource figures presented have been previously reported, making follow-up work rather than a fresh discovery the key investor question.

Voltaic Strategic Resources has identified malachite-rich copper mineralisation across an approximately 100-metre area at its El Dinero prospect in Western Australia. Preliminary pXRF readings reached an average 8.31% copper in one selected sample, although laboratory assays are needed before the results can be treated as representative.

Invictus Energy has awarded SLB a key well services contract for the Musuma-1 exploration well in Zimbabwe, adding another operational piece ahead of a planned November 2026 spud. Wellpad construction is progressing and Exalo has begun readiness work on Rig 202.

BPM Minerals has secured the final approvals for a maiden approximately 10,000-metre RC drilling campaign at its untested Bonnie and Clyde prospect in Western Australia. Drilling is expected to begin within 5-10 days, putting a more than 6-kilometre gold-in-soil anomaly to its first meaningful test.

QEM has ranked the Vaught-Peck prospect as the leading target at its newly acquired Garden Valley project in Idaho after reviewing historical records of columbite, samarskite and other rare-metal minerals. The opportunity remains prospective rather than proven, with no modern drilling, assays or resource estimate yet reported.

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.

Manuka Resources has reported several high-grade, shallow gold intersections from its Pipeline Ridge drilling campaign, led by 32 metres at 7.98 grams per tonne. The results support a maiden resource estimate, but metallurgy, true widths and resource classification remain unresolved.

Leeuwin Metals will acquire three Western Australian exploration tenements covering about 105km², including ground adjoining the Marvel Loch gold mine. The all-scrip deal requires no cash payment, but two of the licences remain applications and the exploration case is still at an early stage.

Ore Resources has extended lithium mineralisation beyond the current resource boundaries at its Big Red and Potoroo pegmatites, with drilling still open to the north and west. The results add exploration upside to Kangaroo Hills as the company advances strategic discussions and approvals for a potential DSO operation.

Gold Mountain has identified clustered niobium, magnet rare earth and phosphate anomalies across four Araxá prospects after expanding its stream sediment dataset to 515 samples. The results sharpen exploration targets, but the project remains well short of drilling, resource definition or economic assessment.