Latest Exploration Target News

Great Bear Exploration has completed its maiden field campaign in Canada’s Northwest Territories, generating more than 200 high-priority targets ahead of planned 2027 drilling. The company ended September with $3.508 million in cash, but assays from 103 rock-chip samples are still pending and half of its airborne survey remains unfinished.

Orpheus Uranium has begun maiden drilling at its Frome Project while expanding its Marree landholding and raising $4.25 million to fund exploration. The quarter ended with $7.45 million in cash and liquid investments, but the company is still awaiting results and several transaction milestones.

Eminence Minerals has exercised options to earn an initial 30% interest across five Côte d’Ivoire gold projects covering about 1,508 km². The interests remain subject to completion conditions, while the company prepares to lead exploration across 871 km² of granted tenure.

Bulletin Resources has shifted its exploration focus further towards Lake Rebecca after reporting a $569,632 loss for the year, with Chifley drilling pointing to a possible concealed gold source but stopping well short of a discovery. The company ended June with $13.5 million in cash and listed investments, although its exploration portfolio still carries permitting and funding risks.

Charger Metals has completed 4,390 metres of a 10,000 metre drilling campaign at its Medcalf lithium project, while test work lifted the composite product to 1.32% Li2O at 94.9% recovery. The Bynoe sale has also left the explorer with $4.23 million in cash to fund drilling and scoping work.

Power Minerals has extended rare earth oxide mineralisation to 242 metres downhole at Morro do Ferro, including a 2-metre zone grading 6.88% TREO. The result adds two deeper high-grade targets to the Brazilian project’s resource-definition campaign, although their true geometry and economic significance remain unproven.

Tivan Limited (ASX:TVN) is moving several projects towards major technical and financing milestones, including a proposed $50 million Molyhil joint venture and maiden drilling in Timor-Leste. The company ended September with $19.925 million in cash, equivalent to about 2.3 quarters of funding at the quarter’s reported spending rate.

AIC Mines fell short of its September-quarter production plan, but maintained FY27 guidance as Jericho moved into first-stoping production and the expanded Eloise plant neared commissioning. The company is also asking shareholders to approve a A$120 million Mt Cuthbert acquisition backed by a A$70 million placement.

Apollo Minerals has completed a detailed airborne survey and identified the Véronique-Upper Zone as the first target for planned underground drilling at its Couflens tungsten-gold project in France. The company ended September with $6.4 million in cash and $0.4 million in listed investments, while its reinstated exploration permit remains subject to a five-year work plan.

Mt Malcolm Mines has reported high-grade shallow gold intercepts and mineralisation extending roughly 350 metres west of the previously drilled Golden Crown area. The results broaden the exploration target, but pending split assays and unknown true widths leave the resource-growth case unfinished.

Scorpion Minerals has outlined a materially larger open-pit opportunity at Old Prospect, with an optimisation identifying 16,159 ounces of gold from two pits. The result is an early development signal, but it depends on a A$6,000 per ounce gold assumption and is not yet a feasibility study or ore reserve.

Silver Mines has begun its first modern drilling program at the Kramer Hills gold project in California, targeting shallow oxide mineralisation and possible deeper sulphide zones. The 22-hole campaign will test a conceptual exploration target of up to 445,000 ounces, but the project remains well short of a JORC Mineral Resource.