Latest Geophysical Targeting News

APC Minerals has replaced its FY2026 annual report after finding a version-control error in the independent auditor’s report. The corrected filing leaves a more consequential warning intact: the explorer needs near-term equity funding to remain a going concern.

Broken Hill Gold has recast itself from explorer to South Australian gold operator, producing its first doré while uncovering a deeper gold-copper sulphide system at White Dam. The transformation came with a $14.46 million FY2026 loss and continuing reliance on capital markets.

Viking Mines has repositioned itself around Nevada tungsten, with Linka producing a 56.9% WO₃ concentrate at 76.0% recovery and gaining approval for a 63-hole maiden drilling programme. The opportunity is advancing, but the company remains loss-making, has no JORC resource at Linka and will need further funding as work accelerates.

Regener8 Resources has identified three large, coherent silver-lead-zinc-antimony soil anomalies at its Srebrenica North project in Bosnia and Herzegovina. The results give the explorer a sharper target ahead of follow-up geophysics and potential drilling, although the project remains at an early exploration stage.

Castle Minerals has reported a $3.23 million net loss for FY2026, with its auditor highlighting material uncertainty over the explorer’s ability to continue without further capital or spending cuts. The company is redirecting its portfolio towards gold assets in Côte d’Ivoire and Western Australia, backed by a partly completed $4 million post-year-end placement.

Talisman Mining’s Sheepyard prospect has emerged as the company’s clearest exploration opportunity after drilling outlined shallow gold mineralisation across an unconstrained 800-metre strike. But the annual report also shows a shrinking royalty income stream, a $2.705 million loss and fresh reliance on equity funding.

Litchfield Minerals has expanded its Harts Range exploration model, raised A$8 million and ended FY2026 with A$4.6 million in cash. The opportunity is growing, but the auditor flagged material uncertainty over the company’s ability to fund future operations.

Unity Metals has secured an oversubscribed $3.5 million placement and plans a further $1 million share purchase plan to accelerate drilling across its Cambodian gold projects. The raise gives the explorer funding to test extensions at O’Phlay and new targets at Ngot, but also brings dilution and shareholder-approval hurdles.

LinQ Minerals finished its first full year as an ASX-listed explorer with $16.23 million in cash after spending heavily on Gilmore drilling and raising $15.4 million. The company reported encouraging gold and copper results, but its next phase will test whether exploration success can translate into a larger resource and a credible development pathway.

Australasian Metals has paired a sharply smaller annual loss with a $1.05 million placement aimed at exploring two proposed Côte d’Ivoire lithium projects. The projects remain an option, not an acquisition, while May Queen drilling is being prepared in Queensland.

Ballymore Resources has extended high-grade silver-lead-zinc-indium mineralisation closer to surface at its Torpy’s discovery in North Queensland. The latest drilling supports a multiple-shoot interpretation, but the project remains at an early exploration stage with assays pending and no Mineral Resource defined.

Orbit Resources enters FY2027 with a 17.52Mt Lewis Ponds resource, a preliminary study pointing to a A$481 million pre-tax NPV and a new polymetallic sulphide discovery outside the existing resource. The gains come with familiar junior-miner constraints: a A$3.49 million annual loss, A$3.69 million in cash and further funding still required.