Latest Exploration News

Benz Mining Corp reported a CAD 3.58 million net loss for Q1 2025, driven by ramped-up exploration at its newly acquired Western Australian gold projects. The company bolstered its cash position with a CAD 27 million private placement post-period, aiming to fuel further resource growth.

Tolu Minerals Limited reported a $6.7 million loss for the half-year to June 2025, doubling last year’s deficit as it invests heavily in refurbishing the Tolukuma Gold Mine and expanding exploration. A recent $27.25 million capital raise aims to fund these ambitious development plans.

Highfield Resources clarifies its financial position amid funding uncertainties, confirming ongoing talks with major investors and a standstill on matured convertible notes. The company maintains its commitment to the Muga Potash Project despite setbacks.

NEXION Group Ltd has issued 900,000 convertible notes to raise $90,000, increasing its total convertible notes to 17.5 million. The notes carry a 10% interest rate and may convert to shares subject to shareholder approval and transaction outcomes.

Stavely Minerals highlights significant progress in its Stavely Project with robust drill results and promising gold and copper-gold-silver resources. The company’s strategic focus on expanding gold discoveries at multiple prospects signals potential growth in a fertile volcanic belt.

A shareholder has lodged a formal application with the Takeovers Panel challenging Emu NL’s recent entitlement offer and associated loan facility, raising concerns over board control and transparency ahead of a critical EGM.

Astute Metals NL has initiated an eight-hole drilling campaign at its Needles Gold-Silver Project in Nevada, targeting six promising epithermal gold-silver prospects with historical high-grade assays. The campaign aims to unlock new discoveries ahead of a maiden resource estimate planned for year-end.

Bubalus Resources is set to begin a 1,000-metre diamond drilling program at its Crosbie North project, targeting promising gold and antimony anomalies analogous to the nearby Fosterville mine.

Ausmon Resources is set to begin a focused drilling campaign in South Australia's Limestone Coast, aiming to deepen understanding of rare earth element deposits within the Parrakie tenement. This follows promising earlier exploration that identified significant mineralisation trends across the region.

Cobalt Blue Holdings has raised $2.5 million through a $1 million institutional placement and a $1.5 million placement agreement with Lind Global Fund III, aiming to advance its cobalt refinery and exploration projects.

Marimaca Copper has successfully closed an A$80 million placement to accelerate exploration and development at its flagship Chilean copper assets, pending final TSX approval.

Marquee Resources has announced its inaugural inferred mineral resource at Eastern Hills, revealing 6,800 tonnes of antimony equivalent metal and setting the stage for further exploration in a promising underexplored district.