Latest Exploration Upside News

Red Sky Energy has formalized its 35% interest in Angola’s Block 6/24 following parliamentary ratification of the Risk Service Contract, unlocking access to significant oil resources and advancing its international growth strategy.

Lion Selection Group has committed $0.5 million to Peregrine Gold’s $3 million placement, gaining a foothold in promising Pilbara gold and iron ore projects with significant exploration upside.

Verity Resources has successfully raised $3 million through a two-tranche placement to accelerate drilling and resource upgrades at its Monument Gold Project amid strong gold market conditions.

Panther Metals has announced a maiden JORC Mineral Resource Estimate at Burtville East, revealing a high-grade near-surface gold deposit and launching a scoping study to evaluate open pit mining potential.

Mammoth Minerals has agreed to sell a 90% stake in its Paterson copper-gold project to Cloudbreak Discovery for AUD 3.1 million in shares, refocusing its efforts on high-grade US assets while retaining a strategic interest in Paterson.

Austin Metals has reported significant high-grade gold intercepts from recent drilling at its Mt Sandy prospect, extending the known mineralised strike length to approximately 1 kilometre and revealing promising exploration upside.

Variscan Mines has secured official approval of its Restoration Plan for the Novales-Udias Zinc Project in northern Spain, unlocking the path to mine production restart and extensive exploration drilling.

AuKing Mining has achieved a critical due diligence milestone with Nebari, paving the way for an A$8 million credit facility to accelerate development of its Cloncurry Gold Project in Queensland.

Middle Island Resources is set to transform into a global copper-gold explorer through its acquisition of Serbian company Konstantin Resources, expanding its footprint across two continents with over 9,000 km² of highly prospective land.

Ballymore Resources’ recent heli-borne electromagnetic survey at the Maniopota prospect within the Ruddygore Project has revealed 29 strong conductive anomalies linked to polymetallic mineralisation, setting the stage for a significant drilling campaign in 2025.

Future Battery Minerals Ltd has reported impressive Phase 1 drilling results at its Miriam Project in Western Australia, revealing thick, high-grade gold intercepts at the Forrest prospect that exceed expectations and open new exploration avenues.

Evolution Energy Minerals has unveiled a strategic update on its development-ready Tanzanian graphite project, announcing a $1.45 million renounceable rights issue to accelerate project development and capitalize on binding offtake agreements.