Latest Exploration News

Clara Resources Australia Ltd has had its trading suspension lifted following a capital raising announcement, signaling renewed market activity for the mining company.

Aguia Resources has reported promising initial drill results at its Santa Barbara gold project in Colombia, confirming key geological models and supporting a significant high-grade gold target. The company plans to accelerate drilling to further define the resource and advance mine planning.

Strategic Energy Resources has commenced gravity and magnetotelluric surveys at its Canobie Project, with Fortescue funding all exploration costs under their joint venture. These surveys aim to refine drill targets for potential copper-gold discoveries later this year.

Lakes Blue Energy has obtained Victorian government approval to drill the Wombat-5 appraisal well, a key step toward unlocking significant gas resources amid looming East Coast supply shortages.

Iltani Resources continues to impress with broad, high-grade silver and base metals intersections from its Orient West drilling program in Queensland, setting the stage for a significant JORC Resource estimate.

Australian Strategic Materials (ASM) has announced an underwritten share purchase plan to raise up to A$3 million, supporting its advancing Dubbo Project and ramp-up of the Korean Metals Plant. The company also outlines ambitions for a US metals facility amid strong government backing and strategic partnerships.

FMR Resources has secured a conditional right to earn a 60% stake in the promising Llahuin copper-gold-molybdenite project in Chile, backed by a $2.2 million capital raise and a new Managing Director appointment.

Southern Hemisphere Mining has partnered with FMR Resources to explore the Curiosity Southern Porphyry copper-gold target in Chile, with drilling set for late 2025. FMR will fund up to A$13 million to earn a majority stake in the joint venture.

Southern Hemisphere Mining has partnered with FMR Resources in a conditional joint venture to explore the highly prospective Southern Porphyry Copper-Gold Target at the Llahuin Project in Chile, with drilling planned for late 2025.

Verity Resources has commenced an auger drilling program at its Pimenta Project in Brazil, targeting a 20km mineralised zone rich in rare earth elements, gallium, and titanium. Early surface sampling suggests the potential for a significant critical metals discovery.

FireFly Metals has completed the initial tranches of a major equity raising, securing A$66 million to advance its high-grade copper-gold projects in Canada. The company’s fundraising includes a charity flow-through placement and institutional placement, setting the stage for further capital raises.

Boab Metals has raised A$6 million through a placement to advance its Sorby Hills lead-silver-zinc project, aiming to accelerate pre-development and exploration activities ahead of a final investment decision.