Latest Exploration Target News

Evergold Minerals will acquire the Rabbit Warren tenements near Leonora for $50,000 cash and $150,000 in shares, gaining access to a historic gold discovery with an untested 1982 intercept of 3 metres at 23 g/t. The opportunity is inexpensive, but the geological evidence remains largely historical and unverified.

Lachlan Star has extended shallow, high-grade gold mineralisation at New Waverley while identifying soil and magnetic anomalies across more than 4km of prospective strike. A project-wide RC drilling program is due to begin in late October, with the company holding $5.203 million in cash at quarter end.

ACDC Metals has moved Mount Jackson from target generation towards field execution, with BLM approval now in hand for a 15-hole program and up to 2,500 metres of RC drilling. The company ended September with $2.744 million in cash after raising $976,000 from an entitlement offer shortfall.

Lithium Plus Minerals has outlined a six-year underground direct shipping ore operation at Lei with a post-tax NPV of A$325 million and initial project capital of A$87.7 million. The attractive economics remain dependent on approvals, funding, resource conversion and a lithium price assumption that is not secured by a binding contract.

OD6 Metals has extended the high-grade fluorspar footprint at its Quinn project in Nevada, with rock-chip assays reaching 95.6% CaF₂ along a 350-metre trend from Blue Bell to Shannon Queen. The result elevates the corridor to a priority exploration target, although drilling is still needed to establish continuity, depth and scale.

Rapid Critical Metals has reported its highest silver grade to date at the Webbs project, alongside extensions beyond the existing resource outline and a decision to add a fourth drill rig. The results strengthen the exploration story, but the intercepts remain down-hole results requiring further drilling and modelling.

Wia Gold has emerged from a pivotal quarter with a 1.95Moz Probable Ore Reserve, A$229.2 million in cash and a proposed US$360 million debt facility supporting its Kokoseb development plan. Construction preparations are advancing, but lender approval, definitive financing documents and Namibian permits remain crucial hurdles before early works can begin.

White Cliff Minerals shareholders have approved an A$8.77 million placement to Hancock Prospecting, giving the private company an expected 13.5% stake and funding a faster exploration campaign at Rae. The capital is aimed at advancing Danvers 1 towards a maiden resource while testing a much larger copper system across Nunavut.

TG Metals has advanced its Van Uden gold development and Lake Johnston lithium project, including a high-return heap-leach study and a maiden 6.71Mt lithium resource. But the ASX explorer ended September with A$1.523 million in cash, equivalent to just 1.05 quarters of funding at the reported spending rate.

Benz Mining has defined a 100-200 metre-wide mineralised system across the first kilometre of the 3km Icon trend, with stacked gold lenses continuing beyond 500 metres vertically. The results add weight to the company’s push for a maiden Glenburgh resource in Q1 2027, while leaving the critical question of true widths and resource scale unresolved.

NewPeak Metals is preparing to drill at least 1,000 metres west of its broad Las Opeñas discovery, where gold grades have increased towards the Belleza Breccia volcanic centre. The funded campaign will test whether the large gold-polymetallic system contains a more valuable gold-dominant core.

Hot Chili has confirmed a second porphyry centre south of its La Verde copper-gold discovery in Chile, with RC drilling returning a broad, shallow copper intersection. A deeper diamond hole shows extensive sulphide mineralisation visually, but laboratory assays are still required before the scale can be properly assessed.