Latest Metals Exploration News

Blaze Minerals has halted drilling at its Loulombo Project in the Republic of the Congo due to security concerns linked to its local partner's alleged contractual failures. The company is actively seeking resolution while the drill rig remains onsite.

Peel Mining’s recent drilling at the Nombinnie gold prospect in NSW reveals promising shallow gold mineralisation, while the company also secures significant NSW Government grants to boost its critical minerals exploration.

Mammoth Minerals has identified a major new 5.5km by 4.2km intrusive complex at its Excelsior Gold Project in Nevada, drawing parallels to the prolific 4.2Moz Goldfield Caldera. Concurrent surveys at its Skyline Project in Canada bolster its base metals exploration pipeline, while plans for a strategic spinout are underway.

Lodestar Minerals has kicked off its first-ever exploration program at the Virgin Mountain Rare Earth Project in Arizona, targeting historically promising heavy and light rare earth elements amid shifting global supply dynamics.

Nex Metals Explorations reported no exploration spending in Q1 FY26 but made significant strides by finalising a profit-sharing deal for its Kookynie project and entering Egypt’s Eastern Desert mining scene.

Bubalus Resources reports significant high-grade gallium, manganese, and cobalt assays from its Amadeus Project, while preparations for maiden drilling at Nolan’s East advance with key approvals secured.

Askari Metals has successfully closed an oversubscribed rights issue raising approximately $1.6 million to accelerate exploration at its promising Nejo Gold and Copper Project in Ethiopia and the Uis Project in Namibia.

Magmatic Resources has launched a $3.5 million exploration drilling program at its Myall FJVA Project in partnership with Fortescue, targeting promising gold-copper porphyry deposits. The program includes both aircore and diamond drilling, alongside a geophysical survey, with initial results expected in early 2026.

Venari Minerals reports robust lithium assay results from two drill holes at its Red Mountain project in Nevada, setting the stage for a maiden resource estimate and a wave of upcoming news.

Marimaca Copper Corp. reports a robust working capital position supported by recent capital raises, while managing a complex receivable linked to a liquidation process. The company remains well-positioned to fund operations over the next year but faces uncertainties beyond that horizon.

Celsius Resources has raised £0.53 million through a share placement on AIM, providing essential working capital as it progresses feasibility studies and financing for its MCB Project.

Mount Hope Mining has completed Phase 1 drilling at its Mt Solitary gold target with promising results and is set to begin Phase 2 drilling, while advancing a broader portfolio of base metal prospects and regional land acquisitions in the prolific Cobar Basin.