Latest Exploration Update News

PhosCo Ltd has raised $5 million through a strongly supported share placement to fund exploration and development at its Gasaat Phosphate Project in Tunisia, positioning the company for upcoming resource milestones.

Magmatic Resources has reported significant gold intersections from recent drilling at its Weebo Gold Project, confirming extensive shallow mineralisation across multiple prospects. The company is poised to advance these targets with further drilling and resource definition in 2026.

Kaiser Reef Limited has raised its production target at the Henty Gold Mine to 35,000 ounces per annum by late FY2027 while accelerating exploration and development activities at its Maldon Gold Project, all funded through operational cash flow.

MetalsGrove Mining has responded to an ASX price query following a sharp rise in its share price and trading volume, confirming no undisclosed material information exists and providing an update on its ongoing gold exploration in Côte d’Ivoire.

Mithril Silver and Gold Limited confirms extensive high-grade silver and gold mineralisation across multiple targets at its Copalquin project in Mexico, backed by promising drilling results and a comprehensive aerial magnetic survey. The company is gearing up for a major drilling campaign to expand resources and explore new zones.

Aldoro Resources has identified significant copper-gold targets at its Damara Gold Project in Namibia through detailed geophysical and geochemical surveys, setting the stage for upcoming drilling campaigns.

Fortuna Metals has reported significant high-grade rutile mineralisation at its Mkanda project in Malawi, with assays from 96 drill holes revealing a mineralised footprint extending over 25km. The Malawi government has confirmed the company’s exemption from raw mineral export restrictions, supporting its in-country beneficiation plans.

Kuniko Limited has identified a 4-kilometre gold-silver mineralised corridor at its Commonwealth Project in NSW, with multiple high-priority drill targets defined by advanced geophysical modelling. The company is poised to start its maiden diamond drilling program imminently.

Sky Metals has revealed significant new tin mineralisation extensions at its Tallebung project in NSW, confirmed by recent drilling and surface sampling. The company is advancing a major resource update, signalling strong growth potential.

Terrain Minerals has initiated diamond drilling at its Smokebush Gold & Silver Project, advancing toward a maiden JORC Mineral Resource estimate targeted for mid-2026. The company’s exploration momentum continues with ongoing RC drilling at Lightning and upcoming programs at Wildflower.

Santa Fe Minerals has completed its acquisition of gold projects in Cote d’Ivoire from WIA Gold, issuing shares and performance rights as part of the deal. The company is now poised to advance exploration across its expanded portfolio.

Redcastle Resources has confirmed a broad, low-grade gold mineralised system at Morgan’s Castle East, with potential for higher-grade zones. Meanwhile, drilling at Sligo identified a promising aquifer that could support future mining operations.