Latest Exploration News

Mineral Resources Limited reports steady progress in Q2 FY25, maintaining full-year guidance while advancing Onslow Iron towards full capacity and securing significant liquidity through strategic asset sales.

Errawarra Resources reports promising lithium soil anomalies and gold potential across multiple projects, while managing a lean cash position heading into 2025.

Carawine Resources Limited has progressed exploration planning across key Australian projects while navigating a significant compulsory acquisition dispute initiated by major shareholder QGold.

Spartan Resources has launched an ambitious 85,000-metre drilling program at its Dalgaranga Gold Project, aiming to expand and upgrade its high-grade gold resources. Early results from late 2024 drilling show promising extensions beyond current estimates.

Encounter Resources has reported significant drilling progress at its Aileron Niobium-REE-Copper Project, completing over 50,000 metres in 2024 and uncovering extensive high-grade niobium mineralisation. The company also strengthened its balance sheet with a $15 million share placement, positioning itself for accelerated resource development.

Cyclone Metals has forged a strategic partnership with Vale S.A. to fund and develop its Iron Bear iron ore project in Canada, marking a major step towards mining decision. The company also completed pilot production of high-grade direct reduction pellets, underscoring the project's technical promise.

Magnum Mining & Exploration Limited has extended its due diligence period for acquiring Palmares Estudos Geologicos LTDA, aiming to complete by March 31, 2025, amid regulatory and ESG documentation delays. The company plans a capital raise to support development of its substantial rare earth projects in Brazil.

Legacy Iron Ore Limited reports robust progress in its December 2024 quarter, highlighted by significant gold intersections at Mount Celia and advancing feasibility studies at Mount Bevan magnetite project.

Legacy Iron Ore Limited reported a quarterly cash flow decline driven by increased mining and exploration expenses but secured $22.5 million in fresh funding to support ongoing operations.

Moab Minerals reports significant progress in its uranium exploration portfolio, including pending drill results at Manyoni, acquisition of strategic tenements in Tanzania, and permitting for a follow-up drill program at the REX project in Colorado.

Bannerman Energy reports solid progress on its Etango Uranium Project with construction milestones met, a robust cash position, and a bullish uranium market backdrop.

Bannerman Energy reported a substantial $14.17 million cash outflow in its December quarter, driven by aggressive exploration and evaluation investments, leaving the company with $81.1 million in cash reserves.