Latest Exploration Upside News

Australian Oil Company (ASX:AOK) is ramping up activity in Queensland's Surat Basin, engaging Energetica Consulting for independent resource assessments and pushing production restarts at Emu Apple and Riverslea fields.

Recharge Metals has boosted its gold exploration footprint near Leonora, Western Australia, by acquiring the Ironstone Well Project for $100,000 cash, extending the Prospero Gold Trend to over 15km and adding new drill-ready targets.

Kuniko Limited has started Phase 2 diamond drilling at its Commonwealth-Silica Hill Gold-Silver Project in NSW, aiming to extend high-grade mineralisation and explore a broader 5km² mineralised system. Assay results are due in September, with a resource update planned for late 2026.

Raptor Metals has validated a large-scale copper system at its Chester Project in Canada, delivering some of the broadest and highest-grade intercepts from its maiden diamond drilling program and revealing significant resource expansion potential.

Impact Minerals’ JV partner Kuniko has kicked off Phase 2 diamond drilling at the Commonwealth-Silica Hill Project in NSW, aiming to expand newly discovered high-grade gold-silver zones. The initial 1,300m program follows a 100% success rate in Phase 1 and sets the stage for a resource upgrade in late 2026.

Unico Silver has secured permanent ownership of over 10,000 hectares critical to its Joaquin silver-gold project, replacing a limited mining easement and reducing development risk ahead of its Pre-Feasibility Study.

Odyssey Gold’s Stage 1 Scoping Study for the Tuckanarra Project outlines a low-capital, high-margin open-pit mining operation producing 79,000 ounces of gold over 29 months with pre-tax cashflows of A$180 million at A$6,000/oz gold price.

Viridis Mining has boosted the Colossus Project's high-confidence rare earth resource, underpinning debt financing and advancing toward production.

Australian Rare Earths (ASX: AR3) has discovered a promising niobium-rare earth carbonatite system at its Overland Project, marked by significant mineralisation in a single drill hole and linked to a large magnetic anomaly.

Minerals 260 has completed a Pre-Feasibility Study and declared a maiden Ore Reserve for its Bullabulling Gold Project, revealing robust economics and a pathway to production by late 2028.

Culpeo Minerals (ASX:CPO) has launched a pro-rata entitlement issue of approximately 198 million unlisted options, aiming to raise nearly A$500,000 to fund accelerated copper exploration in Chile. The options offer a low exercise price and long expiry, providing shareholders with leveraged exposure to the company’s drilling programs at El Quillay and Vista Montana.

Kuniko Limited is set to commence an expanded Phase 2 drilling campaign at its Commonwealth Gold-Silver Project in NSW, aiming to build on high-grade discoveries from Phase 1 and explore new targets along a 4km corridor.