Latest Mineral Exploration News

Industrial Minerals has completed its shift from an industrial-minerals explorer towards Western Australia gold, adding a 205 square kilometre Laverton portfolio after year end. The company enters the next phase with historical high-grade intercepts, a planned maiden drilling campaign and $2.08 million in cash at 30 June.

Daly Resources ended FY2026 with $11.05 million in cash after its $12 million IPO, but reported a $3.63 million loss dominated by share-based remuneration. The ASX-listed explorer has no defined mineral resources or ore reserves and must now convert its exploration portfolio into results.

Pilbara Gold has reported broad and high-grade gold intersections at its 2.1Moz Mt York project, including mineralisation about 100 metres below the current resource. The results support ongoing resource classification work, while deeper drilling and further assays could determine how much growth is ultimately added.

Barys Resources is seeking up to A$2.64 million through a 1-for-1 entitlement offer priced at a 41% discount, with most proceeds earmarked for Kazakhstan gold exploration. But only A$800,000 is underwritten, leaving the final funding outcome and potential dilution dependent on shareholder participation.

A2MP Investments says it now controls 56.63% of Canyon Resources’ voting power, yet its takeover offer remains subject to two unresolved conditions. The notice does not confirm that the bid has succeeded or that the conditions will be waived.

Cullen Resources has confirmed shallow gold, silver and copper anomalies at its Lila and Cleanthes prospects in Western Australia, including a 1m result grading 2.42 g/t gold with 2,610 ppm copper. The reconnaissance results support deeper follow-up drilling, but stop well short of defining a mineral resource or economic discovery.

GreenTech Metals has returned its strongest multi-metre copper result to date at the Ayshia deposit, with gold, silver and zinc credits included. The intersection sits approximately 65 metres beyond the existing resource envelope, although its true width remains unconfirmed.

AuKing Mining has reported wide, high-grade rare earth intersections from maiden RC drilling at its Tundulu project in Malawi, including 91 metres at 1.51% TREO. The results also reveal unusually strong heavy rare earth enrichment and have prompted the company to fast-track a maiden resource estimate targeted before the end of 2026.

Kalamazoo Resources is moving Ashburton from exploration story to development proposition, backed by a positive Mt Olympus Scoping Study and extensive drilling. The next test is whether the updated resource, feasibility work and funding can turn the project’s preliminary economics into a mineable plan.

Great Dirt Resources has identified 24 priority manganese targets in New South Wales and confirmed rock-chip grades of up to 51.8% manganese. The exploration progress came alongside a $19.1 million FY2026 loss, largely caused by a non-cash share-based payments expense, while cash rose to $3.81 million.

New Age Exploration reported its strongest exploration results to date across three projects, including a 11.0 g/t gold intercept at Wagyu and a new mineralised zone at Lammerlaw. But the explorer’s $4.21 million loss, $2.48 million impairment and auditor-flagged going concern uncertainty leave its next drilling campaign dependent on further funding.

Exultant Mining has reported its first consolidated annual results since listing, recording a $1.526 million loss and holding $3.50 million in cash at 30 June 2026. Exploration has advanced across Black Hammer and Peak View, but the company remains dependent on future funding and assay results to justify its portfolio.