Latest Exploration News

Pilot Energy has made significant strides in its offshore Perth Basin exploration with environmental approval for a major seismic survey and secured substantial financing to support its ongoing projects and transition to clean energy.

AXP Energy has drilled its inaugural vertical well in Oklahoma following a significant lease acquisition and raised A$2.7 million to fund exploration, while production in Colorado declined due to operational challenges.

Hexima Limited reports a steady cash balance of AUD 1.44 million with a modest quarterly operating cash burn, while exploring strategic options including a potential capital return to shareholders.

State Gas Limited is on the cusp of securing its first 2P Reserve certification for the Rolleston West Project, while progressing its innovative High Density Natural Gas technology despite financial and operational hurdles.

BOA Resources is progressing drill plans for key lithium and nickel tenements in Western Australia, though heritage survey delays have pushed timelines. The company is also streamlining its portfolio to focus on high-potential assets.

New Age Exploration advances its Pilbara and New Zealand gold projects with promising geological results and secures $3.75 million to fund further exploration.

Aguia Resources reported a challenging quarter with significant cash outflows but bolstered its position through a $5.3 million capital raise and a new bank loan for its phosphate project.

Aguia Resources advances its phosphate operations in Brazil with new funding and plant upgrades, while a management overhaul in Colombia reveals a significant gold discovery at Santa Barbara.

Sultan Resources has secured $1.1 million through a placement to fund the acquisition of three promising gold and critical minerals projects in Namibia and Western Australia, marking a significant step in its strategic expansion.

Askari Metals has secured a major foothold in Ethiopia’s Arabian-Nubian Shield through the acquisition of the Nejo Gold and Copper Project, setting the stage for a high-impact exploration campaign supported by a new capital raise.

MEC Resources has advanced its investment in Advent Energy and issued shares to directors, while its PEP 11 Joint Venture faces ongoing legal scrutiny ahead of a Federal Court hearing.

NH3 Clean Energy has initiated the FEED phase for its WAH2 clean ammonia project, securing key partnerships and government support while raising $4 million to fuel development.