Latest Minerals Exploration News

Strata Minerals has won a competitive $200,000 co-funded drilling grant from the WA Government to advance deep diamond drilling at its Penny South Gold Project, aiming to uncover high-grade gold mineralisation near Ramelius Resources’ Penny Mine.

Lightning Minerals Ltd’s securities remain suspended after missing a deadline to announce a major acquisition and capital raising, raising questions about the company’s next moves.

Ragusa Minerals is raising $427,200 through a discounted share placement aimed at sophisticated investors, with free attaching options pending shareholder approval.

Iron Road Ltd has entered a staged Farm-In and Joint Venture agreement with Red Tiger Resources to explore the promising EL6580 tenement in South Australia, targeting heavy mineral sands and other critical minerals. The deal includes a phased investment approach with potential to increase Iron Road’s stake to 70%.

Lithium Energy Limited has won $189,200 in Queensland Government funding to advance exploration at its Bajool Prospect, targeting a significant porphyry copper-molybdenum system within the Capricorn Gold-Copper Belt Project.

LinQ Minerals Limited has filed a Replacement Prospectus for its IPO to raise up to $10 million, anchored by its 100%-owned Gilmore Project in NSW with a substantial 2024 Mineral Resource Estimate. The company aims to advance exploration and development of this significant gold-copper asset in a tier-1 jurisdiction.

Lightning Minerals Ltd has requested a voluntary suspension of its shares on the ASX as it prepares to announce a significant acquisition and capital raising. The suspension is set to last until the announcement or the resumption of trading on 27 June 2025.

Altair Minerals has validated its ability to detect deep copper-gold deposits at its Olympic Domain Project through a successful TEM simulation, setting the stage for a targeted drilling campaign near BHP’s Oak Dam Deposit.

Matsa Resources has received a significant A$5 million option fee from AngloGold Ashanti, marking a key milestone in their Lake Carey Gold Project partnership. This payment underlines the progressing $101 million deal between the two mining companies.

Sunshine Metals has initiated an 840 line-kilometre helicopter-borne VTEM Max geophysics survey over the Coronation–Highway area, backed by a $231,000 Queensland Government grant. The survey aims to uncover massive sulphide deposits analogous to Sunshine’s Liontown and the historic Highway-Reward mines.

Ronin Resources Limited updates ASX on delayed exploration activities and relinquished projects, citing socio-political challenges and market conditions. The company anticipates key licence grants by August 2025 and confirms compliance with listing rules while seeking new opportunities.

Estrella Resources has reported a significant 7.76-metre manganese oxide intercept at its Ira Miri Project in Timor-Leste, marking a promising start to its maiden drilling campaign in this underexplored region.