Latest Gold Exploration News

Tempest Minerals has raised $400,000 through a placement and plans a $1.47 million entitlement issue to advance its gold exploration and Remorse Iron development in Western Australia.

Patronus Resources has identified a new 1km-long gold mineralisation trend at its Cardinia East project following a 6,679m air-core drilling program, setting the stage for further exploration with upcoming reverse circulation drilling.

Great Boulder Resources delivered strong March quarter results with multiple high-grade gold intersections at Mulga Bill and Eaglehawk, while advancing pre-development at Ironbark through a new mill collaboration and scoping study.

Australasian Metals Limited is streamlining its portfolio to concentrate on near-term exploration wins, launching a new IP survey at its promising May Queen gold project while exiting less viable ventures.

Native Mineral Resources Holdings Limited (NMR) reports promising assay results from resource definition drilling at its Blackjack Gold Project in Queensland, confirming shallow, high-grade gold mineralisation and deeper extensions. The company is advancing refurbishment of its processing plant, targeting gold production in Q3 2025.

Traka Resources has strategically entered Guinea’s prolific Siguiri Basin by securing a 75% earn-in joint venture in the Didi Gold Project, which hosts confirmed high-grade gold mineralisation. The company plans an aggressive multi-stage exploration program backed by an experienced local team.

Magnetic Resources NL has significantly increased the Lady Julie North 4 gold deposit resource to 1.55 million ounces, supported by ongoing high-grade drilling and exceptional metallurgical recoveries of up to 97.5%. Feasibility studies for combined open pit and underground mining are advancing, targeting 150,000 ounces per annum over eight years.

Aston Minerals Limited (ASO) and Torque Metals Limited (TOR) have agreed to merge via court-approved schemes, combining gold resources across Australia and Canada. The merger, recommended by ASO’s board and supported by an independent expert, awaits shareholder and court approval.

De Grey Mining Ltd proposes a scheme of arrangement for acquisition by Northern Star Resources Ltd, offering a 37.1% premium and resulting in a 20% stake for De Grey shareholders in the merged group. The scheme booklet, including an Independent Expert's Report by KPMG, concludes the scheme is fair and reasonable and in the best interests of De Grey shareholders, subject to no superior proposal.

Mt Malcolm Mines NL has reached a significant production milestone within 3.5 years of its ASX listing, generating initial revenue from gold sales while expanding its exploration footprint across multiple prospects in Western Australia's Leonora region.

CGN Resources reports encouraging gold and IOCG pathfinder element enrichment from its UltraFine+™ surface geochemistry program at the Webb Project, underpinning multiple new high-priority targets ahead of planned drilling in April 2025.

Westgold Resources reports robust high-grade gold intercepts from its Fletcher Zone drilling at Beta Hunt, with a maiden Mineral Resource Estimate expected by late Q4 FY25. The company also plans to initiate drilling at the promising Mason Zone, potentially extending the mineralised strike to around 4km.