Latest Exploration News

West Cobar Metals (ASX: WC1) has bolstered its Cobar Basin footprint with the granting of EL9912, unveiling a gravity anomaly at Lilyvale that outstrips its Bulla Park deposit and signals potential for a new concealed copper district.

Red Mountain Mining has gained NSW Resources Regulator approval for a 32-hole reverse circulation drilling program at its Oaky Creek Antimony-Gold Project, targeting a significant 3km strike of orogenic mineralisation. An orientation Induced Polarisation survey has been completed to refine drill targeting, with results expected soon.

Encounter Resources has achieved strong metallurgical recoveries of 51-53% niobium and up to 57% Nb2O5 concentrate grade from the Green deposit at its Aileron Project, validating conventional processing methods and supporting multi-decade mining potential.

Forrestania Resources has reported significant high-grade gold intersections from its 2026 drilling campaign at the Mt Palmer Gold Project, reinforcing the potential to expand its mineral resource near key processing infrastructure in Western Australia.

Pioneer Minerals has appointed Alaska Midnight Sun Drilling for its first reverse circulation drill campaign at the Springfield Tungsten, Gold and Gallium Project in Idaho, targeting high-grade multi-commodity mineralisation in Q3 2026.

Galilee Energy has secured a fixed-price drilling rig contract for its Zydeco-1 well in Louisiana, confirming a July 2026 spud date and reducing cost and scheduling risks ahead of a key Gulf Coast gas-condensate project.

Laramide Resources posted a CAD 1.13 million net loss for Q1 2026, reflecting ongoing exploration costs and a one-off loss from exiting its Kazakhstan asset. The company’s mineral property base expanded to CAD 118.7 million, driven by Australian and US projects.

Manuka Resources has locked in an underwriting deal to cover the exercise of over 11 million options, aiming to raise approximately $2.5 million through a share issuance expected by late May.

Rumble Resources and AIC Mines have agreed to sell their combined 100% interest in the Lamil Project to Aventine Resources for A$1.1 million plus royalties, as Rumble sharpens focus on core assets.

Haranga Resources has wrapped up its underground drilling at the Lincoln Gold Project, delivering standout high-grade assays and setting the stage for a maiden JORC Mineral Resource Estimate next week.

Chariot Resources has broadened its Nigerian lithium acquisition by adding a key small-scale mining licence and converting three leases to mining leases, extending the acquisition timeline and increasing regulatory costs.

GoldArc Resources has locked in A$7.2 million through a placement to fast-track exploration along the largely untested 9km Ursus Fault corridor at Leonora North, aiming to expand its 152,000-ounce resource and advance production plans.