Latest Exploration News

QEM Limited’s latest metallurgical tests have upended key assumptions of its 2024 Julia Creek Scoping Study, prompting a strategic review amid a tough vanadium market. The company now questions the viability of direct kerogen flotation for vanadium recovery and shifts focus to capital preservation and project reassessment.

Metal Bank Limited moves swiftly to expand its Western Australian gold footprint through the acquisition of Hastings Technology Metals’ gold assets and a $2.3 million capital raising aimed at fast-tracking exploration and production.

Metal Bank Limited (ASX – MBK) has announced a partially underwritten entitlement offer aiming to raise $2.32 million to fast-track its Western Australia gold projects and explore graphite potential in Queensland. The offer, priced at $0.014 per share, is supported by Equator Capital Management Ltd and targets existing shareholders.

Enegex Limited has secured a significant gold exploration portfolio in Côte d’Ivoire, acquiring over 3,700 square kilometres of highly prospective permits and setting the stage for near-term drilling. The acquisition is backed by $5 million in funding and the appointment of seasoned West African exploration leader Paul Roberts as Managing Director.

Terra Critical Minerals has revealed new high-grade silver mineralisation at its Mole River project in NSW, with samples reaching 400 g/t silver. This discovery at the Silent Grove prospect adds momentum to the company’s polymetallic exploration ambitions.

Lakes Blue Energy has successfully drilled its Wombat-5 well to the planned depth in Victoria’s Gippsland Basin, revealing promising gas-saturated sands that echo previous successes.

Forrestania Resources has agreed to acquire four exploration licences adjacent to the Edna May Gold Mine, aiming to strengthen its position in Western Australia's Southern Cross region.

Forrestania Resources has agreed to acquire a significant 7.37% stake in Kula Gold through a $1.87 million share subscription, reinforcing its strategic foothold in Western Australia's Southern Cross gold region.

FMR Resources has initiated a 4,000-metre maiden diamond drilling program at the Southern Porphyry target within its Llahuin Project joint venture with Southern Hemisphere Mining in Chile. This program aims to validate geophysical models and explore a potentially large porphyry copper system.

Kula Gold has raised $2.5 million through a strategic placement to key investors, aiming to accelerate exploration at its Mt Palmer Gold Project amid a change in joint venture ownership.

Kula Gold has raised $2.5 million through a strategic share placement to key industry players, aiming to accelerate exploration at its Mt Palmer Gold Project.

Kula Gold has agreed to sell its Westonia Project to Forrestania Resources for an upfront $500,000 plus a $1 million contingent payment tied to resource discovery. This move sharpens Kula’s focus on advancing its Mt Palmer Gold Project.