Latest Exploration Upside News

Sierra Nevada Gold (ASX – SNX) has completed the purchase of the New Pass Gold Mine claims in Nevada, gaining 100% ownership and reporting promising gold grades in historic tailings. The company advances plans for bulk sampling and underground mining, while exploration at its Warrior project reveals new targets.

Thor Energy has agreed to sell a majority stake in its US uranium projects to Metals One, securing upfront cash and stock consideration while focusing on its hydrogen and helium ambitions.

Enegex Limited has received all necessary approvals to commence drilling at its Rocky Ridge gold prospect, complementing promising soil sampling results across its West Yilgarn projects. The company’s strategic focus on early-stage geochemical reconnaissance continues to uncover significant gold anomalies.

West Coast Silver Limited has updated its assay data for the Elizabeth Hill Silver Project, reporting significant silver grades up to 490 g/t alongside elevated copper and gold values. The findings hint at new mineralised zones beyond the historic mine footprint.

GTi Energy has obtained critical drilling permits and contracted top Wyoming service providers to advance its Lo Herma uranium project, targeting a resource upgrade by year-end amid strong U.S. nuclear support.

Mount Gibson Iron Limited reports steady FY25 iron ore sales amid operational challenges and announces a strategic entry into gold with a 50% stake in the Central Tanami Project.

Ardea Resources is progressing its Kalgoorlie Nickel Project with a fully funded Definitive Feasibility Study by Sumitomo Metal Mining and Mitsubishi Corporation, aiming to deliver a long-life, low-cost nickel-cobalt supply from Australia’s largest resource.

Sarama Resources has completed the acquisition of an 80% stake in the Mt Venn Gold Project, boosting its Laverton landholding to 1,000km² across two major projects. The move positions Sarama to explore promising gold and base metal targets in a prolific Australian gold district.

Midas Minerals has revealed widespread copper mineralisation extending over a 2km strike at its South Otavi Project in Namibia, setting the stage for imminent drilling campaigns. The discovery complements ongoing exploration and the pending acquisition of the larger Otavi Project, promising significant growth potential.

Dart Mining NL has reported its highest-grade drill intercepts to date at the Triumph Gold Project, including a standout 0.3m intercept grading 114 g/t gold. These results confirm and extend mineralisation at the Big Hans prospect, underscoring significant exploration upside.

Koonenberry Gold has identified a significant new high-grade gold target at its Enmore Gold Project in northeast NSW, revealing a robust soil anomaly and impressive rock chip assays. Drilling is set to begin in late August, underscoring the district’s untapped potential beyond the Sunnyside Prospect.

Reach Resources has significantly increased its gold resource inventory at the Murchison South project, with combined estimates for Blue Heaven and Pansy Pit now totaling approximately 67,100 ounces. Strong metallurgical results and exploration upside highlight the project's potential.