Latest Exploration News

St Barbara’s Concept Study confirms a 3 Mtpa processing hub in Nova Scotia, integrating Cochrane Hill with existing deposits to deliver stable, long-life gold production and strong economics while significantly reducing environmental impact.

The court has approved the merger scheme between Aston Minerals and Torque Metals, making it legally effective and suspending Aston’s trading. Shareholders will soon receive Torque shares in exchange for their Aston holdings.

Black Cat Syndicate reports promising underground drilling results at its Paulsens Gold Operation, with development progressing faster than planned in the newly targeted Gabbro Veins. The company is poised to ramp up production as exploration continues.

Sipa Resources has completed key heritage surveys and submitted environmental approvals, setting the stage for maiden drilling at its South Australian gold projects near the 1.6 million ounce Tunkillia deposit.

Hot Chili Limited has identified multiple new porphyry copper-gold targets adjacent to its La Verde discovery in Chile, signaling a potential district-scale mineral system. The company plans to advance exploration with phase-two drilling targeting these promising blind deposits.

Champion Iron Limited reported record quarterly sales and strong earnings in FY2025 Q4, while advancing its DRPF project on schedule and declaring its eighth consecutive dividend.

Champion Iron Limited reported a 5% increase in revenue to C$1.606 billion for the year ended March 31, 2025, while net profit fell sharply by 39% to C$142 million. The company declared an unfranked interim dividend of C$0.10 per share.

Korab Resources has successfully renewed its Exploration Licence EL31341, extending its tenure at the mineral-rich Rum Jungle Project near Batchelor, Northern Territory. This renewal underpins ongoing exploration efforts in a highly prospective region.

Korab Resources has extended the completion date for the sale of its Geolsec mineral lease, securing higher royalty rates in the process. This move reshapes the financial terms of a key transaction tied to its Northern Territory phosphate project.

Asara Resources assures investors its Kada Gold Project permits remain intact despite Guinea’s recent revocation of over 120 exploration permits. Drilling has already commenced, signaling continued progress.

UOA Development Bhd reported a striking surge in first quarter 2025 revenue and profit, driven by strong sales and ongoing project progress. The company’s robust unbilled sales pipeline signals sustained growth ahead.

ASX has suspended trading of Magnum Mining’s MGUN securities following the abrupt cancellation of its entitlement offer, raising questions about the company’s capital strategy.