Latest Exploration Target News

Sunshine Metals reduced its annual loss and ended June with $20.6 million in cash, but its auditor flagged a material uncertainty over the company’s ability to continue as a going concern. The warning comes as Sunshine funds the Mt Moss processing conversion, faces a $10 million deferred payment and targets first gold in mid-2027.

Narryer Metals has advanced its Australian critical-minerals portfolio and agreed to acquire the Redhill Copper Project, but its FY2026 accounts flag a material uncertainty over continued funding. The company ended the year with A$1.36 million in cash after a A$1.32 million loss attributable to shareholders.

EcoGraf’s preliminary review has identified potential to lift Epanko Stage 1 production from 73,000 to 87,600 tonnes per annum, while reducing first-10-year C1 costs by 5.8%. The higher-output case remains subject to further engineering, financing work and a Final Investment Decision.

Tambourah Metals has reported high-grade exploration results at Beatty Park South and Tambourah King, alongside a stronger cash position and a reduced annual loss. The projects remain at exploration stage, with drilling and resource modelling now carrying the story forward.

Charger Metals has restarted diamond drilling and added an RC rig to a 10,000m campaign at its Lake Johnston lithium project in Western Australia. The programme targets extensions and infill at the 10.6Mt Medcalf resource while testing whether the conceptual Medcalf West target can be converted into a mineral resource.

Castle Minerals has identified six ranked gold targets across its 212km² Nielle project in Côte d’Ivoire, including previously unreported intercepts of up to 8m at 3.65g/t gold from surface. The company is preparing an Exploration Target for the historically drilled zone while planning new drilling, subject to the permit being granted.

Core Lithium has moved Finniss from care and maintenance back into active mining, with first spodumene concentrate produced after year end and a December-quarter shipment targeted. The restart leaves the company with A$181.8 million in cash, but also a substantial execution task ahead as Grants ramps up and BP33 is developed.

Odyssey Gold’s latest drilling has added high-grade hits outside current resource boundaries and strengthened the case for a connected Cable-Bollard-Highway mineralised system at Tuckanarra. Preliminary fresh-rock testwork also returned recoveries of up to 99%, although the results remain exploration-stage and an updated resource is still to come.

White Cliff Minerals has expanded the assay-confirmed footprint of its Rae Copper Project beyond 11.5km, while new Danvers 3 drilling has placed visible copper sulphides within 19 metres of surface. The most eye-catching Danvers 3 interval still awaits laboratory assays.

Gold Mountain has extended reconnaissance rare earth mineralisation at its Down Under Project in Brazil to at least 13 kilometres west of the Irajuba Exploration Target. The strongest result was 10 metres at 2,145 ppm TREO, including 2 metres at 4,607 ppm, but the data remains preliminary and metallurgical recovery is still untested.

Lodestar Minerals has received all assays from a 12,417-metre, 106-hole RC drilling program at Ned’s Creek, supporting its existing exploration target across three gold prospects. A maiden Mineral Resource Estimate is now expected in the second half of October, although reported widths remain subject to geological interpretation and true-width confirmation.

Wia Gold has moved Kokoseb from exploration into a proposed mine development backed by a 1.95 million ounce Probable Ore Reserve, A$217 million in equity raised since May and indicative US$360 million debt terms. The funding pathway is substantial, but it still depends on permits, lender approvals and final documentation before construction can fully proceed.