Latest Exploration News

Centrex Limited and its subsidiary Agriflex Pty Ltd have entered a Deed of Company Arrangement (DOCA) with PRL Group Limited set to acquire 100% of Centrex shares, pending court approval. An independent expert report values Centrex shares at nil on a liquidation basis, while mineral assets are valued at A$5.6 million.

IPB Petroleum has secured a crucial two-year extension on its WA-424-P permit in the Browse Basin, allowing more time to progress the Gwydion oil discovery and explore the Idris prospect. The company is actively pursuing partnerships and funding to unlock value from these assets.

Xstate Resources has pushed back the closing date of its public offer to early August, setting the stage for a potential ASX re-listing by late August following key approvals and asset acquisition.

Forrestania Resources reports impressive high-grade gold drilling results at Ada Ann and advances exploration with new tenement acquisition and board appointment.

Stavely Minerals reports exceptional gold assay results from its Stavely Project in western Victoria, highlighting promising shallow mineralisation and metallurgical testwork confirming efficient gold recovery. The company also secures government grants to advance its Hawkstone nickel-copper exploration.

Gold Hydrogen Limited has locked in a $14.5 million strategic investment from major Japanese corporations to fund expanded drilling and appraisal at its Ramsay Project in South Australia. This capital injection aims to advance the company’s pioneering work in Natural Hydrogen and Helium exploration.

Corella Resources has successfully raised over $1 million through a Rights Issue and Placement, positioning itself to advance exploration and development at its Tampu Project and other tenements.

DeSoto Resources has accelerated its exploration efforts with promising gold assay results in Guinea and initial rare earth drilling in Australia’s Northern Territory, supported by a strong cash position.

Catalina Resources has reported significant exploration progress with multiple high-grade gold and rare earth intercepts at its Central Yilgarn and Laverton Projects, alongside strategic leadership changes and a successful capital raise.

Tivan Limited has forged binding joint ventures with Sumitomo Corporation and JOGMEC, secured significant equity investments, and launched a major drilling campaign to advance its Speewah Fluorite Project in Western Australia.

European Lithium has sold 0.5 million shares of Critical Metals Corp to a US institutional investor for approximately US$1.8 million, underscoring the significant value of its remaining stake.

Cue Energy Resources reports steady production with a 29% increase in Australian cash receipts and a major milestone at its Maari field, signaling growth and resilience amid operational challenges.