Latest Exploration News

Unico Silver Limited has completed a $40 million share placement and launched a $5 million Share Purchase Plan for eligible shareholders at a discounted price of $0.55 per share.

Redcastle Resources and BML Ventures have submitted a critical Mine Development and Closure Plan for their Queen Alexandra and Redcastle Reef deposits, setting the stage for gold production to commence in early 2026.

Terra Critical Minerals (ASX – T92) has identified notable bismuth mineralisation alongside tungsten, molybdenum, and tin at its Glen Eden Project in NSW, adding a valuable critical mineral to its portfolio amid rising global demand.

Future Battery Minerals has confirmed a fertile gold mineralised system at its Canyon prospect with Phase 2 drilling, while Phase 3 drilling is set to focus on expanding high-grade gold zones at Forrest. An extensive 2026 regional exploration program is also planned.

Trek Metals has raised $1 million through a strategic placement to fast-track exploration at its Christmas Creek manganese project, with investor Andrew Reece committing $500,000 and joining the board.

Noronex Limited has agreed to sell its Witvlei copper project in Namibia for A$4.5 million, enabling a sharper focus on its core Kalahari Copper Belt assets and uranium exploration. The staged payment deal includes options issuance and a royalty, signaling strategic portfolio refinement.

Mammoth Minerals has delivered promising initial diamond drilling results at its Excelsior Gold Project in Nevada, confirming extensive high-grade gold mineralisation and validating its geological targeting model.

BPM Minerals reports outstanding high-grade rare earth element assays from its Durack Project in Western Australia, highlighting the potential for a major monazite-hosted REE deposit. The discovery aligns with growing global demand and Australian government support for critical minerals.

Power Minerals Limited has reported further high-grade niobium and rare earth element results from its Santa Anna project in Brazil, setting the stage for a significant 10,000m drilling campaign aimed at delivering a maiden resource estimate in early 2026.

Lachlan Star’s latest drilling at the Killaloe Gold Project confirms extensive near-surface gold mineralisation and sets the stage for deeper exploration backed by government funding.

AuKing Mining has completed a $400,000 share placement to fund its gold exploration efforts in Queensland’s Cloncurry region, with an extraordinary meeting set to approve new options.

QGold Pty Ltd has initiated an unconditional on-market takeover offer for all shares of Venus Metals Corporation Limited at $0.17 per share, representing a notable premium to recent trading prices. The offer, which allows immediate acceptance via ASX brokers, signals a potential shift in control and strategy for Venus Metals.