Latest Exploration News

Cassius Mining Limited has successfully raised $1 million through a share placement to fund its Soalara project in Madagascar and ongoing litigation in Ghana, signaling a strategic push in key operational areas.

Orbminco Limited has agreed to divest an 80% stake in its Mt Venn Project to Sarama Resources, receiving equity and cash as it refocuses on its Mongolian assets.

True North Copper has successfully completed a $53.44 million capital raising and debt restructuring, exiting voluntary administration and securing ASX reinstatement. The company shifts focus to exploration at Mt Oxide and Cloncurry, retracting prior production plans for the next 12 months.

Antilles Gold Limited has declared a maiden Probable Ore Reserve of 1.76 million tonnes at the Nueva Sabana copper-gold project in Cuba, supported by a comprehensive Pre-Feasibility Study outlining strong financial metrics and a clear path to production.

Invictus Energy has successfully renewed its SG 4571 licence in Zimbabwe’s Cabora Bassa Basin for an additional three years, enabling continued exploration and development at the Mukuyu gas discovery.

PhosCo has formally secured the Sekarna phosphate exploration permit in Tunisia, marking the first time the Tunisian Government has granted a phosphate permit 100% to a foreign investor. This milestone follows the recent approval of the Gassaat project and a strategic MoU with Tunisian authorities and the EBRD.

QMines has completed a 5,034m drilling program at Develin Creek, delivering strong high-grade copper, zinc, gold, and silver results at the Scorpion and Window deposits. An updated mineral resource estimate is expected in Q1 2025, potentially extending mine life at Mt Chalmers.

AuKing Mining has granted Resource Mining Corporation an option to acquire its Saudi Arabia joint venture interests, marking a strategic pivot towards its Cloncurry Project.

Barton Gold has secured a $2.4 million R&D tax refund for FY2024, significantly enhancing its cash reserves and accelerating its exploration programs in South Australia’s emerging gold province.

Lakes Blue Energy has completed the sale of its 49% stake in PEP 169, receiving $6.5 million and securing a 4% royalty on future production. The company now shifts focus to advancing drilling at its Wombat and Trifon/Gangell fields in the Gippsland Basin.

Nova Minerals has confirmed extensive high-grade gold and antimony mineralization at its Stibium prospect in Alaska, setting the stage for resource drilling in 2025 amid strategic U.S. critical minerals initiatives.

Asian Battery Metals has released final assay results from its 2024 Phase 2 drilling at the Oval Cu-Ni-PGE project in Mongolia, confirming multiple high-grade massive sulphide intercepts that underscore the prospect's potential.