Latest Mineral Exploration News

Solara Minerals has reported a sharply wider FY2026 loss after impairing $3.14 million of exploration assets, while cash fell to $2.03 million. The early-stage explorer expanded its Bryah Basin portfolio but says further funding may be needed to continue exploration.

Empire Resources has expanded its Yuinmery exploration story with new copper, gold and PGE zones, but its FY2026 annual report carries a material uncertainty over whether the company can continue as a going concern. A $4.825 million capital raising lifted cash, yet losses and director-related debt also increased.

Tennant Minerals has reported a high-grade maiden resource and further strong drilling at its Bluebird copper-gold discovery, but the annual report carries a material uncertainty over the company’s ability to continue as a going concern. A $2.8 million capital raise completed around year-end provides near-term funding, while further exploration and processing studies remain ahead.

Mantle Minerals reported a $12.50 million FY2026 profit after selling Mt Roe Mining to Northern Star for $13.5 million, while continuing operations remained loss-making. The company ended the year with $5.50 million in cash and is redirecting capital towards Yule River and Carlton Hill exploration.

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.

ActivEX has eliminated its borrowings and reported a 310,000-ounce gold resource at Mt Hogan, but the balance sheet remains dependent on future funding. The ASX-listed explorer posted a $2.149 million loss after impairing exploration assets by $2.616 million.

Fulcrum Lithium has delivered a 10.7 million tonne lithium carbonate equivalent maiden resource at Alkali Flats, but its auditor has warned that additional funding is needed to sustain exploration. Cash fell to $1.58 million at 30 June 2026 as the company advanced drilling, metallurgy and resource modelling in Nevada.

Lord Resources has extended copper mineralisation across multiple lodes at Ilgarari, but its FY2026 annual report carries a material uncertainty over whether the explorer can continue as a going concern. The company ended the year with $554,820 in cash after a $2.54 million loss and $1.87 million of operating cash outflows.

Kingsrose Mining is entering FY27 with A$18.1 million in cash, a fresh CEO and a portfolio that now depends more heavily on permitting, partnerships and capital discipline. The company’s nearest-term opportunity is Penikat drilling in Finland, while its Norwegian projects require new routes to funding or value realisation.

Bubalus Resources finished 2026 with $3.03 million in cash after posting a $1.62 million loss and writing off $1.01 million of exploration assets. The exploration company is narrowing its focus across Victorian gold, rare earths and lithium targets, but says further funding may be required.

Barys Resources reported a wider A$2.30 million loss for FY2026 as it secured two gold exploration licences in Kazakhstan but made no progress at its Niger uranium project. With A$2.06 million in cash at year-end, the company is now pursuing a partially underwritten A$2.6 million entitlement offer to fund its next phase of exploration.

Raiden Resources posted a wider FY2026 loss after impairing A$8.86 million of exploration assets, while its cash and term deposits fell to A$11.98 million. The company is now concentrating on Brazil’s Crixás gold tailings project, Bulgarian exploration and a proposed divestment of most of Mt Sholl.