Latest Exploration News

Beach Energy’s FY26 half-year results reveal steady sales volumes and a robust ramp-up at the Waitsia Gas Plant, supported by strong LNG cargo revenues and disciplined cost management.

Beach Energy reported a resilient first half of FY26, overcoming Cooper Basin floods to deliver solid earnings boosted by LNG cargoes and higher gas prices. The company’s operational safety and environmental efforts underpin a confident outlook as key projects ramp up.

Beach Energy reported a 32% drop in half-year net profit to $150.2 million, impacted by flooding and lower oil prices, while advancing its Waitsia Stage 2 gas project. The company declared a fully franked interim dividend of 1.0 cent per share.

OFX Group Limited has initiated a strategic review to explore growth and sale options while reporting softer 3Q FY26 earnings impacted by macroeconomic challenges. The company also announced the resignation of its CFO, signaling a period of transition.

Gold Mountain Limited reports highly encouraging rare earth and gold assay results from its Varzedo Prospect in Brazil, confirming significant mineral potential and outlining plans for targeted follow-up exploration.

Mandrake Resources has received a US$1 million grant from the US Department of Energy to advance lithium exploration in Utah’s Paradox Basin, validating its Utah Lithium Project and strengthening partnerships with leading US research institutions.

Right Resources Limited’s maiden diamond drilling at the Pilot Project in NSW confirms a large-scale gold-copper mineralisation system, with multiple stockwork zones intersected and plans for deeper drilling underway.

American Tungsten & Antimony Ltd (ASX, AT4) has produced its first antimony ingots from its Utah project, validating its processing approach and advancing its US growth ambitions including a planned Nasdaq listing.

Corazon Mining has identified a continuous 4-kilometre gold anomaly at its Two Pools Gold Project in Western Australia, revealing significant high-grade shallow intercepts and setting the stage for a maiden drilling campaign in early 2026.

Antipa Minerals has reported multiple new gold and copper discoveries at its Minyari Project in Western Australia, including a high-grade gold lode at Fiama and a significant copper trend at Yolanda. These findings bolster the project's resource base ahead of an updated Mineral Resource Estimate due in February 2026.

Brightstar Resources has reported impressive high-grade gold assay results from its 2025 drilling campaign at the Sandstone Hub, setting the stage for a significant Mineral Resource upgrade and Pre-Feasibility Study later this year.

Koonenberry Gold has reported promising Phase II drilling results at its Sunnyside Prospect, extending gold mineralisation to 415 metres vertical depth and revealing high-grade zones at depth. The company’s ongoing exploration efforts continue to highlight the potential for a significant gold system in New South Wales.