Latest Mining Exploration News

The Supreme Court of Western Australia has approved Genesis Minerals’ acquisition of Magnetic Resources, setting a clear timetable for scheme implementation and ASX trading suspension.

Alice Queen Limited has pushed back the closing date for its partially underwritten rights issue to 19 June 2026, giving shareholders more time to subscribe at 0.9 cents per share.

Riversgold’s farm-in partner AIS Resources reports standout rock chip assays from the Saint John Project in New Brunswick, with multiple samples exceeding upper detection limits for copper, gold, silver, and antimony. These results underpin plans for systematic exploration and drilling.

Sentinel Metals has kicked off its first diamond drilling campaign at the Columbia Gold-Silver Project in Montana, marking a major regulatory milestone and deploying a low-emission rig to test high-priority targets.

Lodestar Minerals (ASX:LSR) confirms large-scale IOCG mineralisation in Chile and high-grade heavy rare earths in the USA, while progressing a 10,000m gold drilling program in Western Australia targeting a maiden resource.

Burley Minerals has closed its Share Purchase Plan (SPP) after receiving applications beyond the $300,000 target, following a recent $700,000 placement. The company may scale back or accept all applications at its discretion, with shares expected to be issued on 12 June 2026.

Quinbrook Asset Management has lodged an application with the Takeovers Panel alleging undisclosed associations and breaches of funding consultation obligations at Kingsland Minerals. The dispute centers on a contested term sheet for acquiring exploration licences from Bacchus Resources.

Magnum Mining has significantly increased its exploration footprint around the Piracanjuba rare earth clay discovery in Brazil, securing 14 new permits and advancing a major drilling campaign targeting a large-scale deposit.

Chilwa Minerals has identified a substantial new heavy mineral sands target at Mpyupyu West in Southern Malawi, resuming drilling with two sonic rigs and preparing an updated resource estimate for its Mpyupyu deposits.

Altitude Minerals is gearing up for significant drilling campaigns in New South Wales and Nevada, backed by a recent $1.15 million capital raise to fund exploration and project advancement.

Yugo Metals has secured a $5 million oversubscribed placement to ramp up drilling across its gold, nickel-cobalt, and base metals projects in the Balkans, positioning the company for significant exploration milestones over the next 18 months.

Carnaby Resources has uncovered a significant new shallow mineralised shoot, the Miniboom Lode, at its Mount Hope Central site within the Greater Duchess Project, delivering a standout 232m at 1.3% copper equivalent from surface.