Latest Exploration Update News

Tambourah Metals is seeking up to $2.2 million through a one-for-four non-renounceable entitlement offer to fund exploration across its gold and critical minerals portfolio. The raise also offers investors free options, while full participation would expand shares on issue by about 25%.

Rumble Resources has delivered key dewatering equipment to Western Queen and submitted the notification needed to begin pumping, while its updated mine study moves into October. The project still depends on one major approval, financing terms and favourable feasibility results before a decision to mine.

PolarX Limited (ASX:PXX) has reported a year of high-grade exploration results across Alaska and Nevada, led by a 24.8-metre copper intercept grading 9.8% at Caribou Dome. The company ended FY2026 with A$10.0 million in cash, but remains loss-making and dependent on future funding and exploration success.

Taruga Minerals has identified a new northeast-trending gold-copper zone at Uaroo Ridge in Western Australia, led by a rock chip grading 1.4g/t gold and 4.3% copper. The result expands the prospect’s exploration footprint, but remains an early-stage surface sampling result with no drilling or resource estimate.

Unity Metals has identified multiple new gold-anomalous zones across 1,063 metres of trenching at its Ngot and O’Phlay projects in Cambodia. The work also showed that drilling at Ngot NE was poorly oriented to intersect the interpreted mineralisation, setting up a revised drilling campaign.

Turaco Gold has confirmed depth and strike extensions at the Begnopan deposit in Côte d’Ivoire, including several high-grade gold intersections from the first 69 holes of a 113-hole program. The results could support a resource classification upgrade and eventual inclusion of Begnopan in Afema’s ore reserve, but no revised resource or reserve has yet been published.

Raptor Metals has sold its remaining Australian Gold and Copper stake for approximately $468,200, converting a legacy asset into cash without issuing new shares. The proceeds add funding flexibility as the company advances copper exploration in New Brunswick.

AngloGold Ashanti has completed a 2,659-sample soil geochemistry program at EcoGraf’s Golden Eagle project in Tanzania, with results now pending ahead of a planned drilling phase. The work forms part of a US$9 million farm-in while EcoGraf prepares separate exploration across a broader portfolio of gold and critical-minerals targets.

Challenger Gold has set early 2029 as the target for commercial production from a stand-alone heap leach operation at its Hualilán project in Argentina. The roadmap brings engineering, drilling and financing into sharper focus, but still depends on a US$15 million debenture refinancing and a much larger project funding package.

QX Resources has unveiled a significant JORC-compliant Exploration Target for its Madaba Uranium Project in Tanzania, estimating 18–33 million pounds of uranium oxide at grades suitable for open-pit mining. The company aims to convert this target into a maiden Mineral Resource with drilling planned for late 2026.

Ragnar Metals has confirmed multiple shallow gold zones with assays up to 13.6 g/t Au at its Harnäs Gold Project, unveiling at least five high-grade shoots that remain open for expansion.

Kaiser Reef has initiated underground development at the Union Hill Gold Mine, marking a significant step in unlocking the Maldon Gold Project's exploration and production potential.