Latest Exploration News

Central Petroleum has completed its acquisition of strategic interests in the Otway and Cooper Basins, setting the stage for a multi-well exploration campaign starting in the second half of 2026.

Golden Dragon Mining has made significant strides following its oversubscribed ASX listing, completing its first drill campaign at the Cue Project and outlining plans to advance key gold targets.

Red Sky Energy has successfully brought the Yarrow 1 well online ahead of schedule, boosting production and cash flow at its Innamincka Dome projects while advancing drilling and evaluation at Killanoola and offshore Angola.

Argent Minerals has launched its 2026 diamond drilling campaign at the Kempfield Silver-Polymetallic Project, aiming to extend known mineralisation and explore new high-priority zones. The program sets the stage for a year of significant newsflow and potential resource expansion.

Magnetic Resources NL has upgraded its Lady Julie Gold Project resource to 2.24 million ounces, with over 80% now in the Indicated category, positioning the company closer to development readiness. The LJN4 deposit remains a standout as one of Western Australia’s largest and highest-grade undeveloped open pit gold deposits.

Magnetic Resources NL has strengthened its financial position with a significant equity raise, ending December 2025 with a robust cash balance of $35.4 million. Despite ongoing exploration expenses, the company’s funding runway now extends beyond 18 quarters.

Bindi Metals has reported impressive high-grade gold and silver assays from surface sampling at its Ravni Gold Project in Serbia, setting the stage for imminent drilling activities. With assays up to 48.7 g/t gold and 181 g/t silver, the project shows promising signs of a robust epithermal system.

Juno Minerals has finalised the sale of its Mount Mason DSO Hematite Project for A$6 million plus royalties, while advancing exploration at its flagship Mount Ida Magnetite Project with promising gold assay results and planned drilling.

Austin Metals has launched Phase 1 exploration at its Austin Gold Project, using high-resolution drone imagery and detailed field mapping to refine drill targets focused on BIF-related mineralisation.

Sentinel Metals has successfully launched on the ASX and completed a maiden exploration program at its Columbia Gold Project, identifying promising new drill targets for a substantial upcoming campaign.

Invictus Energy has ended its strategic partnership and equity investment agreement with Al Mansour Holdings due to irreconcilable differences and regulatory concerns. The company now refocuses on its core Zimbabwean assets while seeking alternative funding.

Venari Minerals reports significant metallurgical improvements at its Red Mountain Lithium Project in Nevada, achieving a 46.2% lithium grade upgrade and enhanced recovery through innovative pre-soaking techniques. The company also engages expert consultants to refine processing ahead of a maiden resource estimate.