Latest Junior Exploration News

Midas Minerals has raised $28 million through a heavily supported placement to fund expanded drilling and feasibility studies at its Otavi project in Namibia. The capital boost lifts the company’s cash reserves to approximately $33 million, underpinning an aggressive exploration push.

Castle Minerals has consolidated a dominant 184 km² landholding in Western Australia’s Murchison Gold District and advanced Côte d’Ivoire exploration toward drill-ready targets, supported by strategic leadership appointments.

Aurum Resources has consolidated a 4.2 million ounce gold resource across its Boundiali and Napié projects in Côte d’Ivoire, progressing a central processing hub and expanding drilling programs as it targets development milestones in 2026.

GoldArc Resources is pushing aggressively towards near-term production at its Leonora Gold Project, leveraging over 24,000m of recent drilling and strategic partnerships that cover development costs. The company aims to start mining by late 2026, backed by a 200,000oz JORC resource and a seasoned technical team.

Surefire Resources NL acknowledged a week-long delay in announcing CEO Dr Andrew Whitehead's resignation, citing transition uncertainties and promising tighter disclosure controls.

MinRex Resources has finalized its merger with Electrum Discovery, creating a well-funded ASX-listed explorer with advanced gold and copper projects in Serbia and Australia. The deal brings Electrum’s Tlamino Gold Project and Timok East Copper-Gold targets into MinRex’s portfolio, alongside its existing Sofala Gold Project in New South Wales.

Hammer Metals has won two Queensland Government grants worth $336,000 to advance deep drilling and geophysical surveys at its Mount Isa projects, aiming to unlock new critical mineral deposits.

ActivEX Limited has raised nearly $400,000 through a strategic placement of shares at a slight premium, locking in investor support with a 12-month escrow. The funds aim to fuel ongoing exploration efforts and bolster working capital.

Bubalus Resources has streamlined its project portfolio and cut corporate costs, sharpening its focus on priority gold and critical minerals assets in Victoria and the Northern Territory.

Clara Resources has agreed to sell its Kildanga nickel-cobalt project for up to $1.75 million, marking a strategic shift to focus on its Mareeba gold exploration in Queensland.

Stavely Minerals has unveiled a substantial upgrade to its 2026 Mineral Resource Estimate, more than doubling contained copper and advancing a scoping study that highlights promising production potential.

ActivEX Limited has completed a $421,752 share placement, issuing over 21 million shares at 2 cents each, to fund its exploration projects and support working capital. The shares are locked in escrow for 12 months, signaling a strategic move to strengthen its financial footing.