Latest Exploration News

Paterson Resources has announced a $2 million capital raising via a placement and a non-renounceable entitlement offer, aimed at advancing its Grace Project in Western Australia. The offer includes new shares priced at $0.018 each and free attaching options, with proceeds earmarked for drilling, studies, and working capital.

Yancoal Australia Ltd reported a sharp 61% drop in net profit for the first half of 2025 amid falling coal prices and supply chain disruptions, despite a 15% rise in production. The company declared a fully franked interim dividend and is advancing strategic acquisitions and sustainability initiatives.

Javelin Minerals Limited has announced a significant 1-for-31 security consolidation affecting its shares, options, and performance rights, set to take effect in November 2025. This move will reshape the company’s capital structure and adjust exercise prices accordingly.

MC Mining Limited has appointed Yi (Christine) He as its permanent Managing Director and CEO, cementing leadership ahead of key coal production milestones at the Makhado Project.

Whitebark Energy has installed hydrogen sensors at the Rickerscote prospect to refine drilling plans for a major exploration well in late 2026, aiming to unlock vast hydrogen, helium, and hydrocarbon resources.

Zenith Minerals has raised A$7.65 million through a strategic placement with Ida Metal Investments, strengthening its cash position to fast-track drilling at its Dulcie and Red Mountain gold projects.

Sierra Nevada Gold has successfully raised A$9.65 million through a share placement to accelerate exploration in Nevada and Saudi Arabia, while appointing former De Grey Mining chairman Simon Lill as its new Non-Executive Chairman.

Lord Resources has raised $814,000 through a strongly supported placement and is launching a $1.6 million entitlement issue to accelerate exploration at its Ilgarari Copper Project in Western Australia.

Resolution Minerals has secured US Forest Service approval to extend and expand its drilling program at the Horse Heaven project in Idaho, doubling planned holes and increasing land holdings by 600 acres.

Vanadium Resources Limited is advancing multiple offtake discussions for its Steelpoortdrift project, with competing proposals offering improved terms over existing agreements. Operational readiness steps are progressing, including key executive appointments and contractor finalisations.

Manhattan Corporation has significantly expanded its Hook Lake exploration footprint in Nunavut, staking new claims and preparing a detailed magnetic survey to unlock the project's gold and polymetallic potential.

American Uranium has received regulatory approval to commence a significant drilling campaign at its Lo Herma uranium project in Wyoming, aiming to boost its resource base amid a growing US nuclear revival.