Latest Exploration Upside News

Advance Metals has drilled four consecutive holes hitting high-grade silver at its Gavilanes Project in Mexico, extending the mineralised system 55 metres south and confirming significant exploration upside ahead of a maiden JORC resource due in Q4 2026.

Elk Range Mining (ASX: ELK) has kicked off its first-ever 2,850-metre diamond drilling campaign at the Friday Gold Mine in Idaho, aiming to confirm historical high-grade gold and expand resource potential using existing infrastructure.

Cue Energy Resources trimmed its 2P reserves by 9% to 4.5 million barrels of oil equivalent as of June 2026, driven by production and downward revisions across key assets. The company flagged a $3-$5 million non-cash impairment tied to Maari and Sampang fields amid a strategic exit from the Sampang PSC.

Turaco Gold’s latest drilling at the Adiopan-Asupiri Deposit reveals strong high-grade gold intercepts, underpinning further resource growth within the 4.65Moz Afema Project in Côte d’Ivoire.

Aurum Resources has unveiled new high-grade gold intercepts from 36 diamond drill holes at its Boundiali Gold Project in Côte d'Ivoire, confirming mineralisation beyond current resource boundaries and underpinning further growth.

Peako Limited has identified extensive, high-grade gold-bearing veins across its Saudi Arabian projects, including an 8km corridor at Wadi Jarir with samples up to 41.5 g/t gold, setting the stage for maiden drilling this October.

GoldArc Resources (ASX:GA8) has struck a binding deal to acquire seven tenements from Regener8 Resources, extending its Leonora South gold corridor in Western Australia. The move consolidates contiguous ground adjacent to existing high-grade deposits, positioning GoldArc for accelerated exploration.

Somerset Minerals has unveiled thick zones of high-grade copper-silver mineralisation from its maiden drilling at the Talisker target in Nunavut, confirming a significant blind discovery beneath glacial cover.

Galan Lithium is set to become a significant lithium brine producer with its Hombre Muerto West project in Argentina, targeting first sales in the second half of 2026. The company boasts a world-class resource, strong fiscal incentives, and a valuation discount to ASX peers.

Arcadia Minerals has identified multiple promising drill targets at its Tantalite Valley Complex in Namibia, leveraging historical data and new geological modelling. Scout diamond drilling is planned, pending funding, to test these ultramafic-hosted targets with nickel, copper, PGE, lithium, and tantalum potential.

Kuniko Limited has secured A$1.30 million through a well-supported placement to advance its Commonwealth-Silica Hill gold-silver project in NSW, underpinning a Phase 2 drilling campaign targeting resource growth and exploration across a district-scale system.

Austral Resources Australia Ltd has lodged a binding proposal to acquire Hammer Metals, offering a 29.9% premium over a rival bid and proposing a SpinCo demerger of Hammer's WA gold assets. The deal would create a larger, more diversified Queensland copper producer with operational synergies and enhanced exploration potential.