Latest Mineral Exploration News

ALS Limited reported a 25.8% jump in underlying net profit after tax to AUD 381.2 million for FY26, driven by strong commodity testing demand and margin expansion. The company raised its dividend and advanced major hub lab projects while navigating a post-year-end cyber incident.

Red Mountain Mining has gained NSW Resources Regulator approval for a 32-hole reverse circulation drilling program at its Oaky Creek Antimony-Gold Project, targeting a significant 3km strike of orogenic mineralisation. An orientation Induced Polarisation survey has been completed to refine drill targeting, with results expected soon.

Encounter Resources has achieved strong metallurgical recoveries of 51-53% niobium and up to 57% Nb2O5 concentrate grade from the Green deposit at its Aileron Project, validating conventional processing methods and supporting multi-decade mining potential.

Kincora Copper has accelerated exploration across its Australian and Mongolian assets, leveraging new AI and quantum technology partnerships alongside partner-funded drilling, while reporting a modest net income and a strong cash position in Q1 2026.

Hawk Resources has locked in $5.87 million through a placement and entitlement offer, backing its push into scandium exploration in Western Australia and copper drilling in the US.

Miramar Resources is launching its first drilling campaign since 1964 at the Chain Pool Project’s Joy Helen prospect, targeting high-grade SEDEX copper-lead-silver mineralisation with promising strike extensions.

Legacy Minerals has withdrawn its earlier Mt Carrington production targets, updating its Scoping Study to reflect a stronger basis with 71% Indicated Resources. The revised study outlines a 12-year mine life, A$514 million pre-tax NPV7, and a streamlined development plan.

Rapid Critical Metals has obtained its initial drilling approval for the Webbs Silver Project, setting the stage for an RC drill program targeting extensions of a newly discovered parallel silver lode and existing ore zones.

Taiton Resources has finished drilling a single 810m diamond hole at its Yogi prospect within the Highway Project, South Australia, with assay results due in June.

McLaren Minerals reminds shareholders of the closing date for its discounted Share Purchase Plan, offering up to $30,000 in shares at $0.016 each. The capital raise supports ongoing development of its titanium and zircon projects in Australia.

Hawk Resources has clinched a Mineral Exploration Agreement with Ngaanyatjarrra Traditional Owners for its Olympus Scandium Project, clearing a key hurdle ahead of planned Q2 2026 exploration. Historical data points to a significant scandium anomaly that could define a new province in Western Australia.

Manhattan Gold Corporation has secured approval to expand its Hook Lake Project footprint by 15km² on Inuit owned lands, boosting its mineral rights to 338km² with a 20-year tenure. Exploration activities including drilling and airborne surveys are set to accelerate.