Latest Exploration News

Sandfire Resources reports a consolidated update on its Motheo copper-silver asset in Botswana, revealing declines in mineral resources and ore reserves due to mining depletion and remodelling. The company plans to declare a maiden ore reserve for the A1 deposit by mid-2026, aiming to extend mine life.

Aquirian Limited reported a 13% revenue increase to $26.1 million in FY25, securing a $20 million three-year contract with a Western Australian goldmine and advancing its innovative Collar Keeper® technology.

Mineral Resources Limited has released its inaugural Mineral Resources and Ore Reserves statements for the Pilbara Hub, revealing a substantial 161 million tonnes resource and 50.7 million tonnes reserve at robust iron grades. The inclusion of the Lamb Creek deposit promises to extend the hub’s production profile by five years, pending approvals.

Perseus Mining Limited reported a robust FY25 with a 21.7% revenue increase to US$1.25 billion and a 15.6% rise in profit after tax to US$422 million, driven by higher gold prices despite slightly lower production. The company also declared a final dividend and completed a significant share buyback.

Mineral Resources Limited reports a challenging FY25 marked by lithium price volatility and operational hurdles, but highlights strong progress at Onslow Iron and a strategic focus on governance and deleveraging.

Mineral Resources Limited posted a $896 million statutory loss for FY25, driven by significant impairments, while Onslow Iron achieved commercial production and governance reforms reshape the board.

Estrella Resources has launched a comprehensive drone and geophysical survey program across its manganese and limestone projects in Timor-Leste, aiming to sharpen geological models and enhance drill targeting ahead of upcoming campaigns.

Brightstar Resources has kicked off a significant underground drilling campaign at its Fish Mine, aiming to extend mine life and upgrade mineral resources for future production growth.

Hammer Metals has identified several promising gold and copper anomalies across its Mount Isa Project in Queensland, confirming extensive mineralisation and setting the stage for targeted drilling.

Midas Minerals has secured a crucial licence transfer for its Otavi Copper Project acquisition in Namibia, moving closer to drilling plans slated for late 2025. The company now awaits final regulatory approval and capital raising to complete the deal.

Tungsten Mining's review of historic drilling at Mt Mulgine's Camp pits reveals significant shallow gold mineralisation, reinforcing its dual gold-tungsten development strategy. The findings open avenues for new gold zones at depth, promising early cash flow alongside tungsten resource growth.

Coda Minerals reports a metallurgical breakthrough at its Elizabeth Creek project, significantly increasing copper and silver recoveries while reducing costs, leading to a substantial uplift in project economics. The simplified flowsheet excludes cobalt from the base case, lowering risk and positioning cobalt as future upside.