Latest Mineral Targets News

Chilwa Minerals has lodged a prospectus supporting a fully underwritten US$3.5 million Nasdaq IPO, with most of the proceeds earmarked for exploration at its Chilwa Critical Minerals Project. The raising would strengthen its cash position, but the prospectus also flags material going-concern uncertainty and further funding needs.

Tolu Minerals has set out a Q1 2027 restart target for its Tolukuma gold-silver mine in Papua New Guinea, backed by a recently upgraded 909,000-ounce resource and refurbishment of an existing processing plant. The company says it has sufficient funding to reach production, but the timetable remains dependent on mine development, plant work and operating execution.

Power Minerals has outlined a maiden conceptual Exploration Target of 9.2 million to 10.7 million tonnes at Morro do Ferro in Brazil, grading 7.8% to 9.2% TREO. The result gives the ongoing drilling program a clearer target, but 43% of the upper estimate comes from an untested projected extension and nine recent holes remain unassayed.

AngloGold Ashanti has completed a 2,659-sample soil geochemistry program at EcoGraf’s Golden Eagle project in Tanzania, with results now pending ahead of a planned drilling phase. The work forms part of a US$9 million farm-in while EcoGraf prepares separate exploration across a broader portfolio of gold and critical-minerals targets.

Gold Mountain has identified clustered niobium, magnet rare earth and phosphate anomalies across four Araxá prospects after expanding its stream sediment dataset to 515 samples. The results sharpen exploration targets, but the project remains well short of drilling, resource definition or economic assessment.

Terrain Minerals has secured a $1 million commitment from Gandel Metals at a 33.33% premium to market, anchoring a broader $2.513 million placement and rights issue. The funds will support the company’s largest planned RC drilling campaign at the Lightning gold and silver project.

Lightning Minerals has identified two distinct gold target corridors within the Western Zone of its Mt Turner Project, highlighting a 1km-long intrusion-related gold anomaly and multiple epithermal-style trends. Follow-up sampling and trenching are planned to refine these targets ahead of drilling.

Image Resources NL’s CEO Patrick Mutz will resign at the end of August 2026, with Chair Winston Lee stepping in as Executive Chair during the leadership transition. The company continues to operate its Atlas project while exploring innovative synthetic rutile processing.

Connected Minerals (ASX:CML) is mobilising a ~6,000m reverse circulation and diamond drilling program at its Bailundo Carbonatite Project in Angola, aiming to define a maiden JORC Mineral Resource for niobium and rare earth elements.

GreenX Metals has expanded its Eleonore North Project with two new licences covering about 1,600 km² in East Greenland, targeting intrusion-related gold and critical minerals like tungsten. Historical data shows high gold grades up to 50 g/t, with fieldwork results due this quarter.

Northern Minerals propels its Browns Range Heavy Rare Earths Project forward with a planned Final Investment Decision in Q3 2026 and a significant 40% increase in the Dazzler Deposit resource.

Javelin Minerals is set to drill two major gold-copper targets at its Coogee Gold Project in WA, leveraging WA Government funding to test large, previously untested magnetic anomalies that may host significant mineralisation.