Latest Geology News

Paterson Resources has completed a $1.7 million capital raise, positioning itself to launch an 8,500-meter drilling campaign at its Grace Gold-Copper Project in Western Australia’s Paterson Province. This program aims to upgrade the project’s resource classification and support a mining lease application.

Bathurst Resources Limited has announced a substantial increase in its marketable coal reserves, driven by key project developments and positive feasibility studies, while total resources saw a slight decline due to reassessments and mining depletion.

AXP Energy has drilled its inaugural vertical well in Oklahoma following a significant lease acquisition and raised A$2.7 million to fund exploration, while production in Colorado declined due to operational challenges.

New Age Exploration advances its Pilbara and New Zealand gold projects with promising geological results and secures $3.75 million to fund further exploration.

Aguia Resources advances its phosphate operations in Brazil with new funding and plant upgrades, while a management overhaul in Colombia reveals a significant gold discovery at Santa Barbara.

Sultan Resources has secured $1.1 million through a placement to fund the acquisition of three promising gold and critical minerals projects in Namibia and Western Australia, marking a significant step in its strategic expansion.

Askari Metals has secured a major foothold in Ethiopia’s Arabian-Nubian Shield through the acquisition of the Nejo Gold and Copper Project, setting the stage for a high-impact exploration campaign supported by a new capital raise.

Quantum Graphite Limited has made significant strides in developing its Eyre Peninsula Graphite Hub, refining its Uley 2 Project financing structure, and updating its geological exploration model, signaling progress toward integrated downstream operations.

Triton Minerals progresses the sale of its Mozambique graphite assets despite ongoing legal challenges, while initiating exploration at its promising Aucu Gold-Copper Project.

Golden Mile Resources reports standout assay results from its Pearl Copper Project in Arizona and Leonora Gold JV in Western Australia, alongside a successful $490,000 capital raise to fund ongoing exploration.

Caprice Resources delivers exceptional high-grade gold results at its Island Gold Project and embarks on a fully funded Phase 4 drilling campaign, while strategically expanding its landholding through the acquisition of the Comet Gold Project.

North Stawell Minerals advances its gold exploration with renewed drilling and surface sampling at the Darlington Prospect, supported by a $2 million capital raise.