Latest Exploration News

Novo Resources Corp has significantly enhanced its exploration portfolio with new farm-in agreements and a joint venture with Northern Star Resources, targeting standalone gold and copper projects with over 1 million ounces potential.

Xstate Resources has appointed joint lead managers for a $2-3 million capital raise aimed at re-compliance with ASX listing rules and trading reinstatement. The company also plans a key acquisition pending shareholder approval.

Platinum Capital faces a significant hurdle as L1 Capital, holding nearly 17% of shares, declares opposition to its proposed restructuring scheme. The Board remains supportive but is exploring alternatives.

Greatland Resources Limited is set to list on the ASX following a corporate reorganisation, showcasing robust production at its Telfer gold-copper mine and advancing development at the Havieron project.

Mount Burgess Mining has raised $221,806 through a share placement aimed at advancing its Kihabe-Nxuu Project and supporting ongoing operations.

Great Boulder Resources has raised $12.5 million through a placement to institutional investors, positioning the company to fast-track exploration and resource expansion at its flagship Side Well Gold Project.

Provaris Energy has responded to ASX inquiries following a notable surge in its share price and trading volume, denying any undisclosed material information while confirming engagement of a lead manager for a potential capital raising.

Ronin Resources Limited updates ASX on delayed exploration activities and relinquished projects, citing socio-political challenges and market conditions. The company anticipates key licence grants by August 2025 and confirms compliance with listing rules while seeking new opportunities.

Orbminco is launching an extended drilling campaign at its Majestic North Gold Project near Kalgoorlie, aiming to confirm and grow its 39,700-ounce resource. The company is also raising an additional A$0.205 million to fund this ambitious exploration push.

New World Resources has received a conditional, non-binding takeover proposal from Kinterra Capital to acquire all remaining shares at A$0.057 each. The board is currently reviewing the offer amid ongoing market speculation.

Cannindah Resources reports promising drilling results at its Mt Cannindah Copper-Gold Project, revealing potential high-grade mineralisation beyond the current resource estimate and identifying a 700m strike extension to the south.

Alara Resources reports compelling copper assay results from its Block 8 concession in Oman, with Power Metal Resources advancing its stake and exploration activities moving towards drilling.