Latest Mineral Discovery News

Blaze Minerals reported a narrower FY2026 loss, but ended the year with just $43,552 in cash and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company is relying on shareholder-approved funding, a proposed 20:1 consolidation and a conditional Ugandan tungsten acquisition to reshape its next phase.

NGX Limited (ASX:NGX) has warned of a material uncertainty over its ability to continue as a going concern after cash reserves fell to A$1.65 million. The minerals explorer says it will need additional working capital through September 2027, despite advancing graphite, rutile and uranium projects.

FMR Resources has identified a strong induced polarisation anomaly beneath historical artisanal workings at its Esperanza prospect in Chile, marking it as a priority drill target. The result is encouraging, but remains an early-stage geophysical signal pending 3D modelling, fieldwork and drilling.

Almasar Minerals Limited (ASX:AMK) is launching an IPO to fund early-stage exploration across five licences in Saudi Arabia’s Arabian Shield, targeting gold and copper mineralisation.

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.

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.

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.

New Age Exploration (ASX: NAE) has revealed a significant new shear-hosted gold discovery at its Lammerlaw Project in New Zealand, with drill hole LAMRC015 intersecting 24 metres at 1.66 g/t Au. This breakthrough expands the potential of the Lammerlaw Mineral Trend, a 5-kilometre prospective zone hosting multiple metals.

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.

Platina Resources has identified new gold mineralised corridors at its Mt McKenna project in WA, highlighted by significant aircore drill intercepts including 1m at 7.10g/t Au. The discovery supports plans for deeper reverse circulation drilling backed by a government grant.

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.