Latest Exploration Target News

Kaiser Reef produced 6,263 ounces of gold in the September quarter while lifting cash and bullion to A$40 million and fully repaying its Auramet gold loan after quarter end. Henty replaced mined reserves, while Maldon’s exploration program moved underground despite a negative operating cash contribution.

Falcon Metals has extended the Blue Moon mineralised system to 850 metres, with high-grade results from the Jasmine and Lotus zones and a fifth gold-bearing zone emerging. A A$30 million placement has left the explorer with A$38.1 million in cash to pursue drilling across Victoria and Western Australia.

Accelerate Resources has begun maiden drilling at Gingarrigan, an untested prospect outside its existing Woodie Woodie North resource base, while securing A$1.1 million for exploration. The results will test whether surface manganese outcrops extend into a potentially broader mineralised system.

Pinnacle Minerals has agreed to acquire an option over five early-stage Utah tungsten projects and plans to raise up to A$1.3 million to fund the move. The deal would reshape the company’s US exposure, board and capital structure, but remains subject to shareholder approval and several title, access and funding conditions.

Elementos has secured approval for the 8.1km access corridor at its Oropesa tin project in Spain and made its Robledollano smelter option unconditional. The company ended September with A$38.6 million in cash, but still needs primary permits, financing and offtake agreements before a final investment decision.

Venus Metals has completed a second 1,541-metre RC drilling program at Bellchambers after intersections including 20 metres at 2.72 g/t gold. The explorer ended September with $25.8 million in cash and Rox Resources shares, despite returning about $35 million to shareholders during the quarter.

Cadoux has extended WIM-style rare earth-zircon mineralisation onto its Wimmera joint venture ground, with Toolondo returning 20 metres at 0.86% in-situ zircon from just 8 metres. The result is promising but remains early-stage: rare earth chemistry is incomplete and no resource has been estimated.

Mount Hope Mining has completed 2,919 metres of Phase 3 drilling at Mt Solitary, with assays due early in the December quarter. The explorer also reported 98.4% indicative gold recovery from maiden metallurgy and ended September with $3.487 million in cash after a Ronin Metals-led placement.

Alchemy Resources has formalised a binding joint venture with Newcam Minerals, giving Newcam 60% of the Bryah Iron Ore Project and responsibility for advancing it towards feasibility. Alchemy retains a 40% interest free carried to a Decision to Mine, with drilling and environmental surveys due to begin shortly.

Perpetual Resources has returned selective underground tungsten assays of up to 12.03% WO₃ at its Nevada Scheelite project, with eight of nine underground samples above 1%. The results are encouraging but do not yet establish grade continuity, mineralised widths or a resource.

White Cliff Minerals has intersected high-grade copper beneath a spectacular historic surface trench at Bornite Hills, adding a second exploration front to its Rae Copper Project. The early results are encouraging, but the geometry and true thickness of the mineralisation remain unresolved.

Exultant Mining has completed its maiden Balerion drilling program, with final assays confirming silver-zinc-lead-copper mineralisation and local gold enrichment. The explorer is now shifting its near-term attention to three targets across the 390km² Black Hammer project while holding A$2.729 million in cash.