Latest Mining Exploration News

Kingston Resources has closed its $8.47 million entitlement offer, raising less than half the targeted shares and leaving a substantial shortfall to be allocated by underwriters.

Alkane Resources capped FY26 with record production of 168,337 gold equivalent ounces and $174 million in quarterly cash flow, announcing a maiden fully franked dividend and setting robust FY27 guidance.

Stavely Minerals advances its Freddy’s Find gold-silver discovery with deep diamond drilling confirming low-sulphidation epithermal mineralisation, while its Thursday’s Gossan and Cayley Lode copper-gold-silver Scoping Study enters final documentation.

Lion Rock Minerals has launched a significant drilling campaign targeting a large monazite-rich rare earth system at its Minta Est tenement, complementing its expanding rutile discoveries. The 118-hole program aims to validate high-grade shallow mineralisation with assay results expected in August 2026.

Gold Mountain’s latest metallurgical tests from its Capivara Prospect in Brazil reveal promising ionic adsorption clay rare earth mineralisation, with extraction rates nearing 66%. New targets at Irajuba add to the project’s expanding footprint.

Lodestar Minerals has responded to an ASX query over the late filing of director interest notices, attributing the delay to an administrative oversight during an option conversion process. The company has updated its procedures to prevent future lapses.

Perseus Mining is ramping up underground production and expanding its resource base at the Yaouré Gold Mine in Côte d’Ivoire, supported by a $34 million FY27 drilling program aimed at extending mine life and boosting mineral resources.

Flynn Gold’s 2026 drilling at Firetower confirms high-grade polymetallic mineralisation extending at least 80 metres deeper than previous drilling, with copper grades adding new value potential.

Marquee Resources has initiated a non-renounceable rights issue priced at $0.005 per share, aiming to raise just over $1 million. Eligible shareholders will receive free attaching options, with the offer closing on 27 July 2026.

Lodestar Minerals has expanded its Virgin Mountain project in Arizona by 40%, locking in a 5 km corridor of high-grade heavy rare earth mineralisation highlighted by rock chip assays reaching 14.68% TREO with a 59% heavy rare earth oxide content.

Nelson Resources has kicked off metallurgical testing on samples from its high-grade Orleans Mine and completed underground rehabilitation, setting the stage for a follow-up core drilling program to extend known mineralisation at the Gold Point Project in Nevada.

OD6 Metals has transformed its portfolio with the acquisition and rapid expansion of the Quinn Fluorspar Project in Nevada, revealing extensive high-grade mineralisation and advancing metallurgical and permitting work.