Latest Exploration News

ADX Energy has lodged applications for two offshore gas exploration permits adjacent to its existing Sicily Channel licence, aiming to extend its footprint in a geologically promising biogenic gas play.

PhosCo Ltd’s maiden drilling at the KH prospect within its Gasaat Phosphate Project in Tunisia has delivered wide, high-grade phosphate intersections close to the proposed plant, promising to enhance early project economics.

Patriot Resources has locked in a $3 million placement to fund exploration at its flagship Tassa silver-gold project in Peru and a new copper discovery in Zambia, underpinning its strategy to grow high-grade mineral resources.

QEM Limited has finalized its acquisition of Idaho-based Big It and Columbite projects, gaining footholds in seven critical minerals including tungsten and niobium, aiming to mitigate US supply chain risks.

Heavy Rare Earths Limited (ASX:HRE) is raising approximately $728,000 through a non-renounceable entitlement offer priced at 2.8 cents per share, accompanied by free-attaching options exercisable at 6 cents. The capital raise aims to fund maiden drilling programs and a strategic review across its key projects.

Horseshoe Metals has started Direct Shipping Ore operations at its Horseshoe Lights Copper-Gold Project, aiming for initial sales in October and December 2026 to fund further development.

Marquee Resources has launched an eight-hole reverse circulation drilling program at its Yindi Gold Project, focusing on a statistically refined central corridor to test for primary gold mineralisation beneath transported cover.

Mont Royal Resources has bolstered its funding position with a C$2.22 million tax credit from Quebec, supporting advancement of its Ashram Rare Earth and Fluorspar Project toward a Pre-Feasibility Study.

Kinetiko Energy’s South African subsidiary has locked in a $1.26 million cash agreement with Mulilo, resolving land-use conflicts and gaining a potential gas supply edge for a major wind energy project.

Future Metals NL has raised $3.6 million through a two-tranche placement to advance its Panton PGM Project and support ongoing negotiations for the Savannah Nickel Operations acquisition.

Nimy Resources has confirmed extensive soil geochemistry anomalies for gold and base metals at its Mons Project in Western Australia, setting the stage for a detailed ground electromagnetic survey and maiden drilling.

Golden Horse Minerals (ASX: GHM) has reported compelling high-grade gold intercepts at its Hopes Hill and Greenmount prospects, reinforcing the potential for a significant resource upgrade within its Southern Cross Gold Project.