Latest Exploration Upside News

Buxton Resources has agreed to sell its 49% stake in the Copper Wolf joint venture to IGO for approximately A$6.15 million, while retaining full ownership of surrounding tenements and regaining strategic freedom in Arizona.

Rimfire Pacific Mining has exercised its option to acquire 100% of the Rabbit Trap Scandium Project, consolidating its position in a promising scandium resource in central NSW. Recent drilling results underpin the acquisition, highlighting significant mineralisation and growth potential.

Minerals 260 Limited has reported strong drilling results from its Bullabulling Gold Project in Western Australia, confirming high-grade gold mineralisation and supporting a maiden reserve and resource update due mid-2026.

FIN Resources has successfully completed the first drill hole at its Cabin Lake Gold Project, intersecting a significant 38m zone of sulphide mineralisation that validates its geological model. Assay results are pending as drilling advances to the next target.

American West Metals has commenced a 5,000-metre diamond drilling campaign at its West Desert Project in Utah, targeting high-grade indium, gallium, and copper to bolster US critical metals security.

Viking Mines’ expanded geophysical surveys reveal a large-scale tungsten system at the Linka Project in Nevada, setting the stage for a targeted drilling campaign in June. The discovery highlights significant untapped potential beneath volcanic cover and reinforces Linka’s strategic value amid soaring tungsten prices.

Breakthrough Minerals has completed the acquisition of the North Queensland Copper-Gold Project, gaining a substantial resource base and strategic landholding in the Mt Isa region. The company is now poised to advance exploration with multiple high-priority targets.

Condor Energy has identified extensive deepwater turbidite reservoirs across its TEA-86 offshore acreage in Peru’s Tumbes Basin, significantly reducing exploration risk and advancing plans for drilling and licence conversion.

Magnum Mining and Exploration Limited has reported outstanding high-grade gold and copper assay results from its 2026 surface geochemical program at the Parker Project in Arizona, confirming extensive mineralised corridors and setting the stage for imminent drilling.

Avira Resources has validated significant high-grade gold intersections at its Mt Cattlin Gold Project, underpinning plans for a maiden Mineral Resource Estimate by the end of 2026. The company is poised to commence drilling in Q2 to test extensions across multiple prospects.

Strata Minerals has launched a Phase 2 drilling program at its Zelica Gold Project, aiming to extend high-grade gold mineralisation and fast-track a maiden resource estimate. The recent acquisition of Zelica South expands the gold corridor to over 8km, enhancing exploration potential.

H3 Energy Limited is launching a detailed assessment of helium and hydrogen potential at its Milford and Milford East structures, aiming to unlock high-value gas resources in the underexplored Officer Basin.