Latest Exploration News

Cyprium Metals has secured $13.5 million in a two-tranche placement and released a robust prefeasibility study for its Nifty Copper Complex, confirming strong economic viability with a pre-tax NPV of $1.12 billion. The company is also reviewing its Murchison assets and selling surplus equipment to streamline operations.

Castile Resources has validated a cutting-edge seismic method to pinpoint ironstone orebodies, setting the stage for a major drilling campaign and a robust Bankable Feasibility Study backed by a $4.1 million capital raise.

Pioneer Lithium Ltd has strategically acquired two uranium projects in Colorado and Namibia, marking a significant diversification into critical energy minerals. The company plans a A$1.675 million equity raise to fund exploration and development of these promising assets.

Bellavista Resources has secured nearly A$5 million in capital to fund due diligence on advanced precious and base metal projects, while maintaining a strong cash position and progressing exploration at its Brumby Deposit.

Marvel Gold reports a cautious quarter with $0.513 million cash on hand and ongoing negotiations over its Mali assets, while actively exploring new opportunities beyond Mali for sustainable growth.

Aldoro Resources has confirmed extensive niobium mineralisation at its Kameelburg project in Namibia, prompting an expansion of its diamond drilling program ahead of a maiden resource estimate expected in Q2 2025.

Karoon Energy delivered a record full-year sales revenue of US$776.5 million in 2024 despite a slight production dip in the final quarter. The company’s revised resource estimates and plans to acquire the Baúna FPSO signal a pivotal phase for its growth trajectory.

Latrobe Magnesium marks a year without lost time injuries and completes key construction phases, while navigating legal disputes and operational cost pressures.

Nickel Industries delivered a record US$72.4 million EBITDA in Q4 2024, driven by strong operational milestones and strategic project advancements. However, currency fluctuations posed a significant challenge, underscoring the company’s exposure to foreign exchange risks.

Prodigy Gold's December 2024 quarterly report reveals significant high-grade gold intercepts at its Hyperion and Tregony projects, alongside progress on metallurgical testing and a new Mineral Lease application. The company maintains a solid cash position with no debt, positioning itself for an active 2025 exploration season.

FirstWave reports a stable Q2 FY25 with no cash burn for the second consecutive quarter, maintaining cash reserves at $1.68 million while securing key client contract renewals and launching a promising new product.

MRG Metals reports significant progress in its Mozambique Heavy Mineral Sands joint venture with Sinowin Lithium, alongside promising rare earth element exploration results in Zimbabwe, positioning the company for potential growth in strategic mineral markets.