Latest Mineral Exploration News

Perpetual Resources has completed a transformational acquisition of three lithium projects in Brazil’s Lithium Valley, confirming high-grade spodumene mineralisation and advancing drilling plans for Q2 2025. Metallurgical tests at its Raptor Rare Earth Project show strong recoveries of critical magnet rare earth elements.

Sunshine Metals reported a cash outflow for the March quarter driven by exploration activities but has bolstered its balance sheet with a $3 million placement, positioning itself for continued project development.

Impact Minerals Limited reported a solid cash position of A$3.75 million at quarter-end, supported by a recent equity raise that extends its funding runway to nearly four quarters despite ongoing exploration expenditures.

Northern Minerals Limited reported a $5.8 million cash outflow from operations in Q1 2025 but bolstered its balance sheet with a $42.5 million equity raise, ending the quarter with nearly $30 million in cash.

Waratah Minerals Limited disclosed a quarterly cash outflow of AUD 1.757 million driven by exploration and staff costs, ending March 2025 with AUD 2.436 million in cash. The company plans a capital raise to sustain ongoing drilling at its Spur Project.

Anson Resources reports a successful pilot of Direct Lithium Extraction technology at its Green River project with 98% lithium recovery, while securing approvals for a 24-hole drilling program at its Yellow Cat Uranium-Vanadium project.

Tambourah Metals reports promising gold assay results from its Tambourah King drilling program and secures shareholder approval for a strategic acquisition targeting critical minerals at Speewah Nth.

Octava Minerals reports promising high-grade antimony intercepts at Yallalong and confirms extensive rare earth and lithium mineralisation at Byro, with metallurgical testwork now underway.

APC Minerals has completed a significant 2,628m drilling program at its Laverton Downs Gold Project and successfully raised $1.93 million through a fully underwritten entitlement offer, while streamlining its Lake Wells tenure to reduce holding costs.

Berkeley Energia reports promising lithium and rubidium mineralisation at its Conchas Project in Spain, while its subsidiary pursues a $1 billion arbitration claim against Spain over the Salamanca uranium project amid shifting nuclear policies.

Kuniko Limited has streamlined its Norwegian battery metals portfolio, pursued non-dilutive green funding, and forged AI satellite data partnerships, setting the stage for growth in Europe’s critical minerals sector.

Gold Mountain Limited reports robust exploration progress across its Brazilian portfolio, confirming high-grade rare earth element mineralisation and defining multiple lithium drill targets, supported by a $3.05 million capital raise.