Latest Exploration News

Challenger Gold Limited has doubled its mineral resource estimate in Ecuador to 9.1 million ounces gold equivalent, positioning its assets among South America's largest undeveloped gold resources, while making significant progress on its Hualilan Gold Project in Argentina towards mining and toll milling readiness.

Challenger Gold Limited reported a net cash outflow in operating and investing activities for Q1 2025 but bolstered liquidity through a significant financing drawdown tied to its milling project.

Larvotto Resources has completed key technical work on its Hillgrove DFS, incorporating a shift to dry tailings storage and capitalising on record gold and antimony prices, while exploration drilling delivers high-grade intercepts and the company strengthens its operational base.

Ballymore Resources reports strong progress at its Queensland projects, highlighted by ongoing high-grade underground drilling at Dittmer and promising metallurgical testwork results. The company maintains a solid $4 million cash position while advancing exploration across its portfolio.

Prominence Energy reported steady progress on its uranium remediation and gas exploration projects while managing costs amid a constrained cash position. The company is poised to unlock value from key assets as it navigates funding challenges.

Admiralty Resources NL reported a modest operating cash inflow of A$398,000 for Q1 2025, offset by significant investing outflows tied to the Mariposa project. The company maintains a solid cash position supported by existing loan facilities maturing at year-end.

Admiralty Resources NL has made significant strides in ramping up production at its Mariposa Iron Ore Project in Chile, delivering 100,000 tonnes of high-grade concentrate and progressing key infrastructure and regulatory approvals during the March 2025 quarter.

Redstone Resources has commenced a pivotal deep diamond drilling program at its West Musgrave Copper Project, targeting a potentially transformative Voisey’s Bay-style Cu-Ni deposit beneath the Tollu Copper deposit. Results are anticipated in Q3 2025.

Tasman Resources has progressed its Lake Torrens IOCG joint venture with Fortescue, expanded geophysical surveys, and outlined plans for a multi-target drilling campaign at Parkinson Dam, supported by a $3.68 million entitlement offer.

NT Minerals Limited reported a cautious cash flow profile for the March 2025 quarter, with operating outflows offset by strategic financing, securing liquidity for the foreseeable future.

NT Minerals reports encouraging copper and gold anomalies at its Twin Peaks Project using advanced Ultrafine™ analysis, alongside a significant magnetite Exploration Target. Corporate moves include E79 Gold Mines exercising its Mountain Home option and ongoing talks to divest Redbank Copper Project assets.

Equinox Resources pushes forward across multiple mineral projects, tackling legal challenges at Hamersley while securing strategic partnerships for antimony supply and expanding exploration in Brazil and Canada.