Latest Exploration Targeting News

Elementos has materially strengthened its balance sheet while moving its Spanish Oropesa tin project closer to permitting, financing and a final investment decision. The annual report also highlights a doubling of Cleveland’s inferred tungsten resource, but both projects still require substantial capital and further approvals.

Mamba Exploration has confirmed 165 historical copper intersections across a 3km corridor at its 70%-owned Meeka East project, supporting a new felsic volcanic exploration model. The company plans further mapping, geophysics and drilling, although the historical data is not sufficient to define a mineral resource.

Sunstone Metals has expanded its Bramaderos gold-equivalent resource to 3.6Moz and reported new Porotillo and Copete discoveries, but its FY2026 accounts carry a material uncertainty over going concern. A post-year-end A$9.94 million placement has improved liquidity, although further equity funding remains central to the exploration plan.

QMines is spending $2.388 million on two freehold properties that remove a key access constraint over the Botos deposit near Mt Chalmers. The acquisition clears the way for modern drilling, but the deposit remains an untested conceptual opportunity rather than a defined resource.

Sultan Resources has applied for a 171.2km² copper-gold exploration licence in Namibia’s Central Damara Orogen, a region with established gold deposits and growing copper interest. The opportunity would add a sizeable new landholding without issuing consideration shares, although the licence remains subject to grant and has produced no company exploration results yet.

Daly Resources says a 10.7-kilometre soil traverse has revealed fluorine anomalies beyond known Huckitta fluorite outcrops, including beneath transported cover. A new western vein and high-grade rock-chip results have widened the exploration target, but drilling is still required to test continuity and scale.

Sky Metals has used FY2026 to move Tallebung from exploration toward development, combining more than 500 drill holes with strong ore-sorting results and progress into NSW’s environmental approval process. The advance came alongside a A$5.37 million loss and continuing reliance on equity funding.

Eastern Resources has placed its Queensland Marengo Gold Project at the centre of its exploration strategy after 54 of 60 rock-chip samples returned more than 0.1 ppm gold, including a peak of 12.3 ppm. The company remains an early-stage explorer, with no JORC Mineral Resource yet defined and A$3.27 million in cash at year-end.

Solstice Minerals has extended copper-gold mineralisation beyond Nanadie’s current resource boundary, while downhole electromagnetic surveying has identified a 140m by 140m conductor scheduled for immediate drilling. The results add momentum to a three-rig campaign, but the resource itself remains unchanged.

Mt Malcolm Mines has identified four copper-gold exploration targets across its Malcolm Project, led by selective Braiser rock chips grading up to 1.37% copper. The broader target inventory is promising but remains early-stage, with no new drilling completed and most geochemical signals still awaiting laboratory verification.

PC Gold has identified a historically sampled high-grade domain at Spring Hill, with a composite 20.35m channel result grading 13.04g/t gold outside the current resource estimate. The target has not been drilled, leaving continuity and true width unresolved ahead of planned testing in late September.

Corazon Mining has begun a 50-hole, approximately 7,500-metre RC drilling program at its Chalice Gold Project in Western Australia. The campaign will test near-surface extensions to the existing 191,000-ounce resource, while the company cautions that its larger 830,000-ounce Exploration Target remains conceptual.