Latest Exploration News

Kalamazoo Resources has initiated a $2 million underwritten Share Purchase Plan, offering eligible shareholders shares at a 16.4% discount to recent prices. The offer aims to fund exploration and development activities across its Victorian and Western Australian projects.

Skylark Minerals Limited has applied for ASX quotation of 37.98 million fully paid ordinary shares from a previously approved placement, signalling a key step in its capital expansion strategy.

Auravelle Metals has reported significant high-grade gold intersections at its Sheoak Prospect in South Australia, with mineralisation extending over 600 metres and remaining open. The company plans multiple follow-up drilling programs in 2026 to expand these promising results.

Patagonia Lithium has entered a strategic partnership with Ameerex Corporation, aiming to bolster investment and development in its Formentera lithium project and Brazilian rare earth ventures.

Iltani Resources reports exceptional silver-indium assay results from its Orient Project’s Link Zone in Queensland, confirming potential to connect key mineral resources. Backed by a fresh $8 million investment, the company plans an aggressive drilling program to expand and upgrade its resource base in 2026.

Rio Tinto and Glencore have entered preliminary talks about a possible all-share merger via a Court-sanctioned scheme of arrangement, though no firm offer has been made. The mining giants have until early February to decide on progressing the deal.

Lunnon Metals has reported significant gold intercepts at its Paringa West prospect, confirming a promising new geological structure within the prolific St Ives gold camp. The results bolster the company’s exploration ambitions in Western Australia’s renowned Foster-Baker Project.

Alkane Resources delivered a robust December quarter with 43,663 ounces of gold equivalent production and a significant increase in cash and bullion holdings to A$246 million. The company maintains its FY2026 production guidance amid ongoing exploration and development.

Norwest Minerals reported a cash outflow in the December 2025 quarter driven by an intensive drilling program, ending with A$1.64 million in cash. The company signals potential capital raising while maintaining confidence in ongoing operations.

Ryzon Materials Limited faces ASX scrutiny over the timing and disclosure of a $1 million advance from Xinhai Mining, with the company responding to regulatory queries and committing to improved governance.

Norwest Minerals has advanced its gold and silver projects with significant drilling campaigns and a strategic focus on its high-grade silver discovery, leveraging soaring silver prices and new geophysical data.

IRIS Metals has identified significant high-grade rubidium mineralisation at its Beecher Project in South Dakota, complementing its existing lithium resources and positioning the project as a leading multi-commodity critical minerals asset in the US.