Latest Exploration News

Vigorous Resources has launched an unconditional off-market takeover bid for all shares in Rey Resources at a 160% premium, backed by unanimous board support and funding from a major shareholder.

Rey Resources Limited has issued a Target's Statement recommending shareholders accept an unconditional $0.028 per share cash takeover offer from Vigorous Resources Pty Ltd, representing a significant premium over historic trading prices. The REY Board unanimously supports the offer, citing certainty and liquidity amid the company's financial challenges.

Bastion Pte. Mining Ltd has secured an 86.8% interest in Xanadu Mines, prompting the board to recommend shareholders accept the takeover offer ahead of its extended July 29 closing date.

Manuka Resources Ltd has been reinstated to ASX trading following the announcement of a proposed material capital raising, signaling renewed investor interest.

North Stawell Minerals has extended the closing date of its non-renounceable entitlement offer by two weeks, giving shareholders more time to participate in the $2.1 million capital raise.

OzAurum Resources has kicked off a 17-hole Reverse Circulation drilling program targeting high-grade gold at its Mulgabbie North Cross Fault discovery, aiming to build on promising earlier results and recent geological insights.

TMK Energy has secured a drilling contract for its LF-07 production well, marking a key milestone in its Lucky Fox Pilot Well Project in Mongolia. The company also outlines an ambitious 2025 exploration program aimed at expanding its coal seam gas resources.

Ballymore Resources has doubled the strike length of its Dittmer gold corridor to 4km, uncovering significant high-grade gold anomalies in previously unexplored areas south of the historic mine.

Marquee Resources has identified significant gold anomalies across its 106 km² Yindi Gold Project in Western Australia, backed by a thorough review of historical drilling data. The company plans targeted drilling to validate promising intercepts near major gold operations.

Stavely Minerals advances exploration in the Stavely Volcanic Belt with fresh drilling at key gold prospects and a strong copper-gold-silver resource base, signaling potential growth in energy metals.

Kaiser Reef Limited has reported its strongest quarterly gold production to date, driven by the successful acquisition and integration of the Henty Gold Mine in Tasmania.

DY6 Metals has significantly expanded its Central Rutile Project in Cameroon by acquiring six new exploration licences, more than doubling its landholding and positioning itself in a globally emerging rutile province.