Latest Mining Exploration News

Diablo Resources has unveiled a high-grade copper discovery at its newly acquired Phoenix Copper Project near the prolific Lisbon Valley Mine in Utah, with initial rock samples returning up to 45.7% copper and 219 g/t silver. The company is advancing exploration with drilling planned for 2025.

Great Southern Mining has identified a second large-scale induced polarisation anomaly at its Edinburgh Park Project, highlighting promising potential for significant gold-copper mineralisation. Drilling is slated for mid-2025 following heritage and environmental clearances.

Power Minerals has completed its initial diamond drilling phase at the Niobio Project in Brazil, intersecting pegmatites in all 10 holes with some exceeding 30 metres in thickness. Assay results expected in coming months will guide the next exploration steps.

Ausmon Resources Limited has announced a Share Purchase Plan offering up to 300 million shares at a discounted price to raise $540,000, aiming to reduce borrowings and fund exploration activities.

Asian Battery Metals PLC is set to launch its 2025 Phase 3 exploration program at the Oval Cu-Ni project in Mongolia, aiming to extend high-grade mineralisation and explore new geophysical targets with up to 1500 metres of diamond drilling.

Far Northern Resources has amended its December 2024 Appendix 5B cash flow report to provide clearer details on investing activities, revealing a net cash outflow and a modest cash balance at quarter-end.

Lincoln Minerals has confirmed a significant mineralised system extending over 7km at its Minbrie Copper and Base Metals Project in South Australia, revealing multiple sulphide zones and substantial exploration upside due to limited historical assaying.

S2 Resources has identified a promising porphyry-style copper-gold drill target at its Glenlogan Project in New South Wales through advanced geophysical surveys, setting the stage for focused exploration drilling.

Eagle Mountain Mining has issued over 202 million new shares and 50 million options, raising $1.62 million through its recent entitlement offer. The company is poised to complete the underwritten shortfall, potentially increasing its capital base further.

Australian Mines Limited reports robust assay results from its auger drilling campaign at the Jequie Rare Earth Element Project in Brazil, highlighting significant TREO concentrations and promising targets for further exploration.

FireFly Metals Ltd reported a reduced half-year loss of A$5.7 million for December 2024, bolstered by a significant increase in cash reserves and strategic asset acquisitions in Canada and Australia.

Hillgrove Resources has updated its Kanmantoo Mine exploration targets, identifying significant copper-gold potential and planning an extensive 19,000-metre diamond drilling campaign in 2025 to expand its resource base.