Latest Exploration News

Horizon Oil has finalized amendments to its senior debt facility with Macquarie Bank, enabling the acquisition of significant gas assets in Thailand that will add approximately 2,000 barrels of oil equivalent per day to its production.

Vanadium Resources has signed a non-binding MoU with China Precious Asia Limited to supply vanadium-rich magnetite ore from its Steelpoortdrift project, aiming for early production and cashflow. This marks a strategic pivot to monetise its vast resource amid subdued vanadium markets.

Lakes Blue Energy has raised $6.5 million through a fully underwritten placement to fund the drilling and testing of its Wombat 5 appraisal well in Victoria, positioning itself to address looming gas shortages on Australia’s east coast.

Avenira Limited has secured Northern Territory Government approval for its Wonarah Direct Shipping Ore Mine Management Plan, paving the way for first ore shipment by Q4 2025. The project includes infrastructure development and exploration drilling to support future beneficiation.

Cazaly Resources has launched a 2000m reverse circulation drilling program at the Duke of York prospect within its Goongarrie Gold Project, aiming to validate historical gold intercepts and explore new mineralisation zones.

Marmota Limited has released a detailed overview of its Greenewood Gold deposit, highlighting significant historical high-grade intercepts and outlining plans for its first drilling campaign at the site.

Metgasco’s Odin and Vali gas fields delivered their strongest monthly production in nearly six months, setting the stage for a planned Production Uplift Program starting mid-July.

Javelin Minerals has identified multiple high-priority gold-copper drilling targets at its Coogee West Project in Western Australia, setting the stage for a significant exploration campaign in the coming months.

Western Yilgarn Limited has announced a maiden JORC 2012 Inferred Mineral Resource Estimate for its Cardea 2 Bauxite Project in Western Australia, adding 20 million tonnes to its portfolio and complementing its flagship Julimar West project.

Xanadu Ltd’s major shareholder Zijin Mining has accepted Bastion Pte. Mining Ltd’s takeover offer, pushing Bastion’s stake close to 30% and prompting the Takeover Committee to recommend shareholders accept the bid.

Aurum Resources reports significant shallow, wide gold intercepts at its Boundiali Gold Project in Côte d'Ivoire, reinforcing its 2025 drilling campaign and resource expansion ambitions.

Sky Metals reports strong, shallow tin intercepts from ongoing drilling at its Tallebung Tin Project, significantly expanding the deposit footprint and extending mineralisation in all directions.