Latest Exploration Target News

Ora Banda Mining has begun underground development at Waihi in Western Australia, where drilling has returned intersections of up to 1.6 metres at 65.9 g/t gold. The mine is scheduled to deliver first underground ore in mid-2027, ahead of the company’s planned 3.0 Mtpa Davyhurst processing plant.

VHM has taken Goschen from a permitted project to a more financeable development, with Iluka committing to buy all planned rare earth concentrate and providing A$40 million in convertible note funding. The company remains pre-revenue, has not made a Final Investment Decision and will need further funding before construction can begin.

Canadian Phosphate has extended visually identified phosphate mineralisation at its Wapiti project in British Columbia to approximately 9km of strike. The company will spend more on exploration while deferring its Barnes bulk sample to 2027 and relying on lower-margin Montana inventory for near-term supply.

Golden Dragon Mining has extended the Cue Gold Project’s high-grade story, with Behring Bore returning 4 metres at 6.98 g/t gold and Coodardy mineralisation now defined across about 500 metres of strike. A larger 2,500-metre RC program will test whether the zones continue at depth and along strike.

Sunstone Metals has completed its 30-hole Bramaderos resource-growth program with a 5.95m zone grading 26.61 g/t AuEq and a separate 367.99m mineralised intersection. The results will feed into a 2026 resource update expected in the coming quarter.

Haranga Resources is preparing to begin a 16-hole underground drilling campaign at its Lincoln Gold Project, targeting the southern resource and an under-drilled gap between the Lincoln and Comet zones. The programme arrives alongside new underground power infrastructure, completed dewatering and several assays that could shape a later resource update.

Evion has identified a previously unmined 200m by 200m prospect at its Carp Fluorspar Project in Nevada, just 300m from the historic South Pit. Assays are pending, with geophysical surveys and a potential maiden drilling programme next in line.

Corazon Mining has confirmed shallow, high-grade gold mineralisation at its Wembley prospect in Western Australia, with drilling extending the known system about 60 metres east of historic work. Seven assays remain outstanding as the company prepares follow-up drilling aimed at an eventual Exploration Target and potential Mineral Resource.

Botala Energy has secured three wholly owned Botswana prospecting licences covering 1,812km², taking its Serowe CBM footprint beyond 6,000km². The expansion comes as the company prepares to flow-test Serowe-3.5B, while the new acreage remains an interpreted exploration opportunity rather than a booked resource.

Sky Metals has identified high-grade tungsten mineralisation at the Theirman Mines Prospect, 20 kilometres north of its Tallebung project in NSW. The results validate historical sampling and move the prospect towards drilling within weeks, although the evidence remains limited to surface rock chips.

Chalice Mining has confirmed a broad copper-silver-gold system at its Deep Blue target in Western Australia, with first-pass drilling extending across 1.2km of strike. The early results are low grade, but the system remains open within a largely untested 30km exploration belt.

Patronus Resources has defined a new 1.5km-long gold anomaly at J25 in the Northern Territory, with surface assays reaching 0.99g/t Au. The result expands a growing target pipeline just as four drill rigs move from target generation to testing.