Latest Exploration News

Zenith Minerals has reported deep diamond drilling results at its Red Mountain Gold Project in Queensland, confirming a vertically extensive mineralised system beyond 700 metres. The company plans a significant reverse circulation drilling program to test lateral and depth extensions, guided by new 3D geochemical modelling.

West Cobar Metals (ASX: WC1) is progressing its U.S.-focused critical minerals strategy by formally engaging with U.S. government funding programs and partnering with Washington D.C.-based advisor GreenMet. The company’s Australian projects contain key minerals aligned with U.S. supply chain priorities, while it evaluates potential U.S. acquisitions to expand its footprint.

Jindalee Lithium Limited's US subsidiary, HiTech Minerals, has signed a binding agreement with Constellation Acquisition Corp I to form US Elemental Inc., a NASDAQ-listed company holding the McDermitt Lithium Project. The transaction values the new entity at approximately US$571 million enterprise value, with Jindalee retaining majority ownership.

Nagambie Resources has completed all conditions precedent following strong shareholder approval for an earn-in joint venture with Alkane Resources, enabling Alkane to acquire up to an 80% interest through staged funding over five years.

Nex Metals Explorations Ltd (ASX:NME) has amended its sale agreement of its 20% interest in the Arika joint venture, converting deferred shares into upfront shares and raising $2.5 million cash plus 70.8 million Arika shares. Shareholder approval is scheduled for May 2026 amid ASX regulatory requirements.

Cannindah Resources Limited has finalised the second tranche of its share placement, issuing over 87 million shares to raise nearly $4 million, following shareholder approval and regulatory compliance.

DPM Metals Inc. has announced preliminary production results for the first quarter of 2026, confirming steady operational performance and progress in ramping up the Vareš mine. The company remains on track to meet its full-year production guidance amid ongoing exploration and capital management initiatives.

Mithril Silver and Gold Limited reports positive exploration results from its Copalquin project in Durango, Mexico, highlighting significant high-grade silver and gold intercepts at Targets 3 and 5, reinforcing the district-scale potential.

Rapid Critical Metals Ltd has acquired an 80% interest in Green Copper Pty Ltd, gaining control of the Tooloom Silver Project in northern New South Wales. The acquisition adds a large, historically productive silver district with multiple high-grade targets, complementing Rapid's existing NSW assets.

Flynn Gold Limited has released initial assay results from its maiden diamond drilling at the Silver King prospect in Tasmania, revealing significant high-grade silver-lead-zinc mineralisation consistent with historical records. Drilling continues along the 1.6km Silver King Mine trend with further results awaited.

Viking Mines Limited has reported successful results from an expanded ground gravity survey at its Linka Tungsten Project in Nevada, identifying numerous new high gravity anomalies that correlate with known mineralisation and concealed targets beneath volcanic cover. These findings support the company’s plan to commence drilling in the June quarter.

Strategic Energy Resources Limited (ASX: SER) has requested an immediate voluntary suspension of its securities on the ASX ahead of a Supreme Court hearing concerning the appointment of its auditors. The suspension will remain until the company releases an announcement expected before market open on 14 April 2026.