Latest Exploration News

Reef Casino Trust reported a 23.9% decline in half-year net profit due to higher regulatory and transaction costs, while announcing a recommended takeover bid at $3.72 per unit. The Trust declared a reduced distribution of 6.63 cents per unit.

EPX Limited has successfully raised $2 million through a private placement, positioning itself to expand sales, explore acquisitions, and enhance its energy efficiency technology platform.

Wrkr Ltd reported a 10.8% revenue increase to $10.63 million and narrowed its net loss to $2.62 million for FY2025, while securing $15 million in fresh capital to accelerate growth amid upcoming PayDay Super reforms.

Rimfire Pacific Mining clarifies its recent capital raising progress, confirming receipt of nearly $3 million and the issuance of 199 million shares, with a further tranche pending shareholder approval.

Nex Metals Explorations has partnered with the Wangkatja Tjungula Aboriginal Corporation to reprocess historic gold tailings at Kookynie, sharing profits and embedding cultural stewardship in rehabilitation efforts.

Melbana Energy is set to commence drilling the Amistad-2 well in Cuba, aiming to boost production and prepare for its first crude export later this year.

Ausgold Limited has resolved a long-standing legal dispute by acquiring critical freehold land for its Katanning Gold Project, unlocking new drilling opportunities and prompting a re-optimisation of its feasibility study.

Melbana Energy has successfully raised $7 million through a discounted share placement with attaching and bonus options, aiming to finance drilling at its Amistad-2 well and support general corporate needs.

LinQ Minerals has identified compelling geochemical and geophysical indicators of a significant porphyry copper-gold system just north of its Gidginbung resource in New South Wales, setting the stage for a new phase of exploration.

Resource Minerals International Ltd has acquired a 50% interest in a Saudi Arabian joint venture, gaining access to the highly prospective Shaib Marqan gold and base metals exploration licence. This move positions RMI to leverage Saudi Arabia’s expanding mining sector under Vision 2030 reforms.

WIN Metals has secured $2.35 million through a heavily oversubscribed placement to accelerate drilling at its high-grade Radio Gold Mine and advance resource evaluation at Butchers Creek.

Godolphin Resources has revealed promising high-grade copper and gold assay results from its Summers West and Little Bell prospects, highlighting significant expansion potential beyond the current Lewis Ponds resource boundary.