Latest Exploration News

Hot Chili Limited launches a A$14 million rights issue to fund key strategic initiatives, including advancing its La Verde copper-gold discovery and completing asset-level partnering processes within the Costa Fuego Project in Chile.

Advance Metals has reported compelling new assay results from its Myrtleford Project, revealing a significant expansion of high-grade gold mineralisation at the Happy Valley Prospect. The latest drilling highlights the prospect’s growing potential along a 13-kilometre gold trend in Victoria.

Yandal Resources has finalized a binding agreement to sell its Gordons Gold Project to Horizon Minerals for A$2.81 million in cash and shares, reinforcing its strategic focus on core exploration assets.

Falcon Metals reports multiple visible gold zones and upgraded high-grade gold intercepts at its Blue Moon Prospect near Bendigo, with ongoing drilling promising further discoveries.

Black Cat Syndicate’s recent shallow drilling at Fingals delivers impressive high-grade gold intercepts, reinforcing the deposit’s role as a cornerstone for Kal East’s production growth. The results underpin ongoing mining ramp-up and future underground development plans.

Horizon Minerals has executed a binding agreement to acquire the Gordons Dam and adjacent gold projects near its Black Swan processing plant, adding an inferred resource of 20,000 ounces and promising exploration upside.

Neometals reports strong gold assay results from its maiden diamond drilling at Barrambie’s Ironclad and Mystery prospects, confirming high-grade mineralisation and setting the stage for expanded exploration.

West Coast Silver has identified a dozen near-mine high-priority silver targets at its Elizabeth Hill project in Western Australia, leveraging integrated geophysical, geochemical, and geological data. The company plans immediate follow-up exploration including drilling and trenching to test these promising zones.

Sarama Resources has taken a significant step in its international arbitration against Burkina Faso following the expropriation of its key gold exploration permit. The company seeks at least US$120 million in damages as proceedings move forward.

Albion Resources has reported impressive shallow high-grade gold intercepts at its Collavilla Prospect within the Yandal West Gold Project, reinforcing the potential of this emerging gold system. The results support a geological model linking gold mineralisation to mafic rafts in granite, with further drilling and surveys underway.

Everest Metals Corporation has secured regulatory approval to begin mining at its Mt Dimer Taipan Gold & Silver Project, targeting production commencement in late 2025. The project’s inferred resource and ongoing contract negotiations position EMC for a promising small-scale operation.

Key Petroleum Ltd has secured A$152,361 through a share placement aimed at supporting its merger preparations and corporate development initiatives.