Latest Exploration Upside News

Piche Resources has begun a strategic review of its three remaining mineral projects and potential new opportunities after completing its rights issue, while searching for a chief executive to lead the next phase. The review will be supported by independent geological consultants, but no acquisition, disposal or revised exploration program has yet been announced.

Aureka Limited is set to become a gold producer after signing a binding agreement to acquire High Grade Holdings, including the Fiddlers Creek underground mine and Wedderburn processing mill in Victoria. The majority scrip, low cash deal valued at $8.9 million unlocks immediate production and processing capacity for Aureka’s Victorian gold projects.

Argent Minerals has kicked off its first-ever drilling campaign at the Trunkey Creek Gold Project in New South Wales, targeting a priority zone within a 4.7km gold-mineralised corridor beneath historic workings.

Corazon Mining has secured key gold rights over two tenements near its Chalice Gold Project, unlocking historic high-grade targets and extending its greenstone belt tenure to over 40 km. The acquisition dovetails with a recently defined Exploration Target, positioning Corazon for resource growth in a prolific WA gold district.

Brightstar Resources has unveiled spectacular high-grade gold intercepts at its Bull Oak deposit, including a standout 7 metres at 119g/t Au, as it ramps up efforts for a Pre-Feasibility Study on its Sandstone Gold Project.

Codrus Minerals Limited posted a $1.41 million loss for FY26 as it confirmed gold and molybdenum mineralisation at Bull Run, rationalised its portfolio, and secured a binding acquisition of EdgeMet with a $2.5 million capital raise underway.

Forrestania Resources has finalized its A$300 million acquisition of the Edna May Gold Project from Ramelius, adding a second processing hub in Western Australia and advancing its goal to become a major gold producer.

Albion Resources has locked in a three-month exclusive option to acquire four exploration licences adjacent to its Gidgee Gold Project, adding about 27 square kilometres of highly prospective ground near known high-grade gold zones and polymetallic targets.

Great Northern Minerals (ASX: GNM) reported a $3.8 million loss for FY26 amid major US acquisitions, including the Iron Butte gold-silver project with a maiden resource of 480,000 oz gold and 11.5 million oz silver, and the Catalyst Ridge rare earths project. The company also completed a $2 million divestment of its remaining Golden Ant interest.

Kantra Copper (ASX:KAN) showcased a robust growth strategy at the Copper to the World Conference, spotlighting its Kanmantoo mine extension, Emily Star development, and advancing exploration projects. The company maintains strong production guidance and financial health amid a tightening copper market.

Ore Resources Ltd has secured six additional tenements at its Miriam Gold Project, creating a contiguous landholding that expands exploration potential along the Miriam Shear Zone. The acquisition positions the company for targeted drilling campaigns in 2026 and beyond.

An independent expert has pegged 3D Energi’s 20% stake in VIC/P79 at US$19.8 million, setting a September deadline for ConocoPhillips to exercise its buy-out right. The valuation, however, is contested by 3D Energi’s board.