Latest Gold And Base Metals Exploration News

Midas Minerals has identified several new high-priority copper drill targets at its Otavi Copper Project in Namibia, following extensive geochemical sampling. Initial drilling plans are underway as diamond drilling continues at the high-grade T-13 deposit.

Kalamazoo Resources has initiated a $2 million underwritten Share Purchase Plan, offering eligible shareholders shares at a 16.4% discount to recent prices. The offer aims to fund exploration and development activities across its Victorian and Western Australian projects.

Korab Resources reports significant gold and base metals exploration progress at its Rum Jungle Project, alongside innovative mining method evaluations and ongoing legal challenges to key lease renewals.

Critical Resources Limited has strategically expanded its Mavis Lake Lithium Project in Ontario by staking an additional 80 km² of highly prospective land, increasing its footprint to over 400 km². This move strengthens its position in a key lithium and multi-commodity corridor ahead of anticipated market upswings.

Medallion Metals has executed a binding agreement to acquire the Forrestania Nickel Operation from IGO, expanded its Ravensthorpe gold-copper resource to nearly 1 million ounces gold equivalent, and secured a $50 million prepayment facility with Trafigura to advance project development.

QX Resources has confirmed promising historical uranium grades at its Madaba Project in Tanzania and progressed gold exploration in Queensland, while securing a strategic farm-out for its Pilbara iron ore rights.

Mount Burgess Mining has extinguished nearly $4.7 million in legacy debt and acquired promising gold projects in Western Australia, positioning itself for growth with a fresh capital raise and new board leadership.

OZZ Resources advances exploration with fresh gold anomalies at Maguires Reward and pursues a joint venture to unlock project potential amid ongoing ASX suspension.

Auris Minerals has raised $3.2 million through a strategic placement to expand its geological team and fast-track exploration in the Bryah Basin, focusing on copper, gold, and rare earths.

Falcon Metals confirms exceptional high-grade gold intercepts at its Blue Moon project, extending the renowned Bendigo Goldfield. The company accelerates exploration with new drill pads and a second rig, backed by a strong cash position.

Falcon Metals has confirmed exceptionally high-grade gold mineralisation at its Blue Moon project in Victoria’s Bendigo Zone, with drill results including 1.2 metres at 543 grams per tonne gold. This breakthrough underscores the untapped potential of the historic Bendigo Goldfield extending onto Falcon’s tenure.

Bastion Minerals has appointed seasoned geologist Ray Muskett to its board and secured shareholder approval to issue up to 750 million new shares, positioning the company for an accelerated exploration phase.