Latest Mineral Exploration News

Magnetic Resources NL has completed its takeover by Genesis Minerals, with shares transferred and consideration paid. Magnetic will delist from the ASX on 23 June 2026.

North Stawell Minerals (ASX:NSM) has reinforced its position in Victoria’s gold scene with strong drilling results and an updated 87,300-ounce resource at Wildwood, leveraging advanced geophysical techniques to unlock potential beneath cover.

Taruga Minerals has pinpointed seven high priority exploration targets at its Kol Mountain Project in Papua New Guinea, launching its first active field program focused on a large undrilled copper-gold porphyry anomaly and high-grade gold shear zone.

Eminence Minerals has kicked off a comprehensive drilling campaign at its Campo Grande Rare Earth Project in Brazil, targeting high-priority corridors adjacent to a major peer's high-grade rare earth discovery.

Legend Mining has pinpointed anomalous gold mineralisation aligned with a major induced polarisation anomaly at Pyrophyllite Hill within its Pinnacle Well Project, advancing plans for drill testing pending heritage approvals.

Vita Resources NL is offering existing shareholders in Australia and New Zealand a free pro-rata bonus issue of options exercisable at $0.056, aiming to enhance shareholder value without impacting cash reserves.

Vita Resources has raised $2.9 million through a heavily supported share placement to accelerate exploration at its Australian and Canadian projects, while pursuing new gold and critical minerals opportunities.

Evolution Energy Minerals (ASX:EV1) is set to launch its maiden drilling campaign at Tanzania's Chikundo Copper Project, targeting multiple high-confidence copper anomalies defined by recent soil sampling and historical data.

Heavy Rare Earths Limited has appointed Jason Barnett as Managing Director and CEO, aiming to leverage his extensive mining experience as the company advances its critical minerals projects and prepares for a maiden drilling campaign.

Burley Minerals has closed its Share Purchase Plan (SPP) after receiving applications beyond the $300,000 target, following a recent $700,000 placement. The company may scale back or accept all applications at its discretion, with shares expected to be issued on 12 June 2026.

Lightning Minerals has locked in A$1.85 million through a two-tranche placement to accelerate drilling and exploration at its Mt Turner Gold Project, underpinning its strategic pivot to gold-led growth.

Cosmo Metals has reported robust rock chip assays from its Everest-Mona-Victory Trend in NSW, revealing significant copper, gold, and silver mineralisation and advancing towards its first drill program.