Latest Mineral Discoveries News

Heavy Rare Earths Limited (ASX:HRE) is raising approximately $728,000 through a non-renounceable entitlement offer priced at 2.8 cents per share, accompanied by free-attaching options exercisable at 6 cents. The capital raise aims to fund maiden drilling programs and a strategic review across its key projects.

Stavely Minerals has confirmed a significant blind gold-silver discovery beneath basalt cover at its Freddy’s Find Prospect, with diamond drilling revealing higher-grade mineralisation at depth. Further reconnaissance drilling is planned to expand the target and test adjacent porphyry prospects.

Stelar Metals has reported exceptional high-grade tungsten assays from Phase 2 sampling at Hill of Leaders, with grades up to 15.7% WO3 extending mineralisation beyond previous footprints. The company is gearing up for its first 3,000m reverse circulation drilling program amid strong market conditions for tungsten.

Sierra Nevada Gold (ASX: SNX) has discovered a new high-grade gold-silver-polymetallic breccia beneath shallow cover at its As Safra project in Saudi Arabia, revealing a more complex and extensive mineral system than previously known.

Blaze Minerals has reported significant copper, lead, and zinc mineralisation at its Krokodil Prospect within Botswana’s Dinokwe Project, supported by trenching and rock-chip sampling results. The company is advancing exploration amid tight cash reserves, aiming for a capital raise to sustain operations.

Askari Metals is deepening government and community partnerships in Ethiopia while advancing operational readiness at its Nejo Gold-Copper Project, positioning for imminent exploration activity.

Nimy Resources (ASX: NIM) responds to ASX query following a sharp share price fall, confirming pending assay results from recent sampling but no undisclosed information explaining the trading.

Chilwa Minerals has more than doubled the Mineral Resource at its Mpyupyu heavy mineral sands deposit to 109.6 million tonnes, with nearly 90% now in Measured and Indicated categories, setting the stage for potential development within its Chilwa Critical Minerals Project in Malawi.

Litchfield Minerals, supported by BHP Xplor, has transformed its view of Harts Range into a belt-scale copper-nickel mineral system, identifying a key deep conductor beneath known prospects and planning detailed surveys to unlock drill targets.

Trek Metals has kicked off its first Reverse Circulation drilling campaign at the Kuro manganese discovery near Christmas Creek, aiming to test the depth and extent of high-grade mineralisation identified at surface.

Chilwa Minerals’ latest assays from drill hole MPYDD007 at Nakombe South in Malawi confirm a multi-commodity critical minerals system with significant niobium, tantalum, rare earth elements, and gallium mineralisation. The company has defined a maiden conceptual Exploration Target and is advancing drilling towards a maiden Mineral Resource.

Dreadnought Resources has identified three extensive gold trends at Illaara’s CRA Homestead target, with follow-up infill drilling set to sharpen the picture of this emerging system.