Latest Exploration Targeting News

Southern Cross Gold Consolidated Ltd. has transitioned its Sunday Creek project into execution, commencing surface works and targeting a maiden inferred resource in early 2027, supported by a robust $123.2 million cash position.

Stavely Minerals has locked in A$4 million through a heavily oversubscribed placement, backing its upcoming Thursday’s Gossan Scoping Study and exploration programs. The raise underscores investor confidence ahead of key milestones.

Infinity Mining (ASX:IMI) has pinpointed significant gold and copper anomalies in the Pilbara, with historic samples hitting 240 g/t gold and 7.8% copper. The company plans surface sampling and drilling this winter, while appointing geologist Steven Wood to its board.

Ragusa Minerals has appointed a new director with North American expertise, is gearing up for geophysical surveys at its Purple Pansy manganese-gold project, and is close to completing its acquisition of Pegasus Tel Inc.

Critical Resources (ASX:CRR) has launched a systematic surface exploration program at the underexplored Corona Pegmatite Field, aiming to expand its Mavis Lake lithium resource in Ontario, Canada. The initiative complements the Gullwing exploration and supports CRR’s vision of developing a multi-deposit lithium district.

Dreadnought Resources has reported new drilling results from its Stinger critical metals deposit, expanding high-grade niobium, rare earth, and scandium mineralisation. Metallurgical studies suggest commercial potential, with an updated JORC Exploration Target due in May 2026.

Auric Mining outlines a bold growth plan centered on Kalgoorlie, targeting 25,000–30,000 ounces of gold production from 2028 with a new processing facility and multiple project acquisitions.

Tivan Limited has reported significant high-grade copper, gold, and cobalt assay results from surface sampling at its Baucau and Ossu Projects in Timor-Leste, reinforcing the projects’ exploration potential and setting the stage for expanded field activities.

Magnum Mining and Exploration Limited has initiated a large-scale auger drilling program at its Piracanjuba prospect within the Azimuth Rare Earth Element Project in Brazil, aiming to define an Exploration Target and a JORC Mineral Resource Estimate by late 2026.

Viking Mines Limited has reported successful results from an expanded ground gravity survey at its Linka Tungsten Project in Nevada, identifying numerous new high gravity anomalies that correlate with known mineralisation and concealed targets beneath volcanic cover. These findings support the company’s plan to commence drilling in the June quarter.

Marquee Resources has entered a 24-month patent license and option agreement with UT-Battelle LLC, granting access to advanced rare earth element separation technologies from Oak Ridge National Laboratory. This positions Marquee to explore downstream processing opportunities for its Redlings REE Project in Western Australia.

American West Metals Limited has reported exceptional assay results from historical mine dumps and surface rock sampling at its West Desert Project in Utah, revealing significant grades of critical metals including copper, silver, indium, germanium, and tellurium. A 5,000-metre diamond drilling program targeting newly identified high-grade zones is currently in progress.