Latest Mining Exploration News

Tarrina Resources has launched a 1,200-metre diamond drilling program at its flagship Christmas Gift Gold Project, following extensive historic data validation and geological modelling. The company also advances copper and rare earth element projects in South Australia after a successful $5 million capital raise and ASX relisting.

Desert Minerals Limited has successfully listed on the ASX following a $5 million IPO and is progressing exploration preparations for its gold and lithium projects in Australia and the USA. The company is set to commence drilling in early 2026, backed by a strong cash position and a cornerstone investment from Snow Lake Energy.

Australasian Metals Limited has reported promising exploration results at its May Queen gold and bauxite projects, alongside strategic reviews of lithium assets and a solid cash position heading into 2026.

Xpedra Resources has completed the acquisition of the Springfield Gold Deposit in NSW, a project with significant historical high-grade gold mineralisation, and is poised to begin its maiden drilling program in February 2026. The company also advanced exploration at its Rockvale Gold-Antimony Project and strengthened its board and balance sheet.

Yari Minerals reported a $1.2 million cash outflow this quarter driven by exploration at Rolleston South, leaving just over one quarter of funding available. The company remains confident in securing further capital despite no immediate plans to raise funds.

Belararox Limited has commenced diamond drilling at its flagship TMT Project in Argentina and completed initial drilling at its Kalahari Copper Belt project in Botswana, supported by a recent A$8.5 million capital raise and key board changes.

Basin Energy Limited reported a challenging cash flow quarter ending December 2025, offsetting operational outflows with financing inflows and strategic asset sales. The company remains confident in sustaining operations amid variable exploration costs.

Evolution Energy Minerals has ramped up exploration at its Chikundo Copper Project while stabilising its finances and navigating regulatory hurdles in Tanzania. The company is preparing for drilling in 2026 despite a tight cash position.

Infinity Mining confirms exceptional antimony grades at Walhalla South Extended and advances a groundbreaking extraction partnership at its Cangai Copper Project.

Far Northern Resources has resumed its Phase 2 drilling program at the Bridge Creek project in the Northern Territory, aiming to expand its gold resource. The company maintains a solid cash position, supporting ongoing exploration activities.

S2 Resources bolstered its cash reserves with a A$17 million sale of its Fosterville licence to Agnico Eagle and advanced exploration in New South Wales and Western Australia, revealing promising copper mineralisation.

ENRG Elements Limited has secured $2 million through a capital raise, renewed key uranium exploration permits in Niger, and is strategically pivoting towards gold opportunities in Central Asia, alongside a corporate rebranding to Barys Resources Limited.