Latest Exploration News

GBM Resources has partially completed its $8 million placement to Wise Walkers but faces delays in receiving the remaining funds due to Chinese foreign exchange controls. Shareholder approval for the balance is now pending.

Ausgold Limited has successfully completed a Share Purchase Plan, raising $10 million after scaling back oversubscriptions, contributing to a total $90 million capital raise for its Katanning Gold Project development.

Qube Holdings has confirmed that Macquarie Asset Management has met the conditions to extend their exclusivity period, keeping potential deal talks alive but without any guarantee of a binding agreement.

Tusker Minerals has significantly expanded the known high-grade gallium mineralisation at its Tundulu and Machinga projects in Malawi, revealing a robust multi-commodity critical minerals system with promising exploration upside.

Everest Metals Corporation has announced the issuance of $1.17 million in Junior Minerals Exploration Incentive tax credits to eligible shareholders following successful capital raisings in 2024-25. This move highlights the company’s ongoing commitment to exploration and shareholder value.

Carnavale Resources and Western Resources have signed a pivotal Native Title Mining and Heritage Agreement with the Nyalpa Pirniku people, clearing a major hurdle for the Kookynie Gold Project in WA’s Eastern Goldfields.

Metals Australia reports highly anomalous copper, cobalt, zinc, and bismuth geochemical results from initial drilling at Warrego East, Northern Territory, suggesting potential for deeper Tennant Creek-style copper-gold deposits.

Kalgoorlie Gold Mining has significantly extended the strike length of primary gold mineralisation at its Lighthorse Prospect to over 1,100 meters, confirming a large orogenic gold system open to further expansion. The company plans additional drilling in early 2026 to further delineate this promising target within the Tier One Pinjin Gold Project.

Mineral Commodities Limited and key subsidiaries have entered voluntary administration, with McGrathNicol appointed to explore sale or recapitalisation options. The Skaland Graphite mine operations in Norway remain unaffected, but shares are suspended pending creditor meetings.

Legacy Iron Ore has ceased mining operations at Mt Celia, marking the end of Phase I, while advancing heap leach studies and exploring a Carbon-in-Leach plant to drive future growth.

Boss Energy confirms FY26 production and cost guidance while withdrawing its 2021 Enhanced Feasibility Study due to significant deviations in resource assumptions. A new feasibility study exploring a wide-spaced wellfield design is underway, aiming to optimise uranium recovery and reduce costs.

Great Boulder Resources has updated its Mineral Resource Estimate for the Side Well Gold Project, revealing a robust 1.02 million ounces of contained gold and setting the stage for accelerated development.