Latest Minerals Exploration News

PMET Resources has launched a C$137.7 million capital raising via a private flow-through share offer and concurrent placements to fund exploration and development of its Shaakichiuwaanaan lithium project in Quebec.

IGO Limited reports a marked improvement in its half-year results, narrowing losses and boosting cash flow amid operational challenges and strategic asset sales.

EV Resources has successfully produced its first metallic antimony ingots from the Los Lirios project in Mexico, validating a low-cost smelting process and advancing its strategy to supply the North American market.

QEM Limited has raised $1.442 million through a well-supported placement to fund a strategic review of its flagship Julia Creek Vanadium and Energy Project and explore new critical minerals opportunities.

Altitude Minerals has successfully drilled the T55 Target at its Byrock Project in New South Wales, confirming a copper-gold porphyry system consistent with the Macquarie Arc extension. This milestone supports advancing their earn-in agreement and sets the stage for further exploration.

Perpetual Resources has reported exceptional high-grade Caesium and Lithium assay results from surface channel sampling at its Morro Grande prospect in Brazil’s Lithium Valley, confirming a highly evolved critical minerals system. These findings pave the way for refined drill targeting and extensive trenching ahead.

Tambourah Metals reports robust high-grade gold discoveries at Beatty Park South and Tambourah King, alongside promising critical minerals results at Speewah North, supported by active drilling and strong funding.

Tivan Limited has completed its acquisition of the Baucau and Ossu mineral projects in Timor-Leste and signed a non-binding agreement to form a joint venture with the state-owned Murak Rai. The move positions Tivan at the forefront of mineral exploration in a highly prospective but underexplored region.

Enova Mining has successfully raised $2 million through a heavily oversubscribed share placement, enabling accelerated drilling and test work at its East Salinas and Charley Creek projects. This capital injection positions the company to advance its critical minerals exploration amid growing demand for rare earth elements.

Minerals Exploration Ltd has reported promising initial drilling results at its Waitekauri Gold Project in New Zealand, revealing wide zones of gold mineralisation beneath historic workings at the Scotia Prospect and ongoing progress at the Jubilee Gold Mine.

Critical Resources Limited has successfully completed the first tranche of its capital raising, securing $1.605 million through a substantial share and option issuance. The company now awaits shareholder approval for the second tranche, which involves director participation.

FMR Resources has reported encouraging initial assay results from its Goshen drilling at the Fairfield Copper Project in Canada, confirming a mineralised copper system open in multiple directions. Further assays and integrated geophysical analysis are underway to refine exploration targets.