Latest Mineral Exploration News

Minerals Exploration has pivoted decisively into New Zealand gold and tungsten, but its annual report carries a material going-concern warning after a $2.66 million loss and $949,097 operating cash outflow. Exploration has produced encouraging surface samples and broad gold zones, though no mineral resource has been established.

Sultan Resources has reported a $1.48 million FY2026 loss and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The explorer is seeking to fund early-stage Lachlan Fold Belt work while pursuing a new Namibia opportunity and a post-year-end $1.316 million placement.

Battery Age Minerals finished FY26 with stronger cash reserves and drilling progress across Austria and Argentina, but warned that further funding or asset realisations are needed to sustain planned exploration. The company reported a $4.97 million loss, including a $2.60 million non-cash charge linked to its diluted Eminence Minerals holding.

Ausmon Resources has outlined a potential path towards maiden rare earths resource work in South Australia, but the explorer remains heavily dependent on external funding. An auditor has identified a material uncertainty over the company’s ability to continue as a going concern.

Iltani Resources has paired a substantial Orient silver-indium resource with $8 million in QIC backing, giving the explorer a stronger platform for its next phase of drilling and technical studies. The company remains loss-making and pre-revenue, but ended FY26 with $7.5 million in cash.

St George Mining’s Araxá project now boasts a 111.2Mt rare earths resource after a major post-year-end upgrade, alongside 630,000 tonnes of contained niobium. The 2026 annual report shows a company moving rapidly towards development, but still without an ore reserve, mine design or production decision.

Eminence Minerals has cut its FY2026 loss and raised its pro forma cash position to about A$5.4 million after selling the Mata da Corda titanium project. The portfolio is now centred on Hamersley iron ore and Brazilian rare earth exploration, but heritage litigation, ungranted tenure and future funding needs remain material constraints.

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.

Tempest Minerals has reported a $4.62 million FY2026 loss after impairing $3.28 million of exploration assets, while cash fell to $969,693. The company retains exposure to Range gold drilling, the Remorse iron deposit and a $3.08 million Capricorn Metals shareholding, but says further funding will be needed to sustain exploration.

Valiant Gold’s first annual report shows a newly listed gold company with $62.8 million in cash, no debt and two Western Australian projects moving from demerger to execution. The immediate test is whether Comet can be restarted while drilling at Reedy converts resource potential into something mineable.

Australian Gold and Copper expanded its exploration footprint and advanced major targets during FY2026, but the campaign came with a larger loss and a sharp reduction in cash. The company now has a 38.5Moz silver-equivalent Achilles resource, a newly acquired Junee gold portfolio and further funding demands ahead.

eMetals has shifted its exploration focus from Uganda to a larger Utah tungsten project, where high-grade re-assays have set up a 17-hole drilling campaign. But the ASX-listed explorer ended the year with $1.79 million in cash, $1.40 million of deferred consideration and an auditor-highlighted material uncertainty over its ability to continue as a going concern.