Latest Mining Exploration News

Sky Metals has bolstered its cash reserves with a $20.5 million raise, backing a major drilling push at Tallebung and expanding exploration at Doradilla, positioning both projects for significant resource growth and development progress.

FMR Resources wraps up Phase I drilling at its Chilean Llahuin Project, revealing extensive mineralised porphyry zones, while initial assays from Canada’s Goshen Prospect affirm a copper system. The company holds $3.1 million in cash and plans Phase II drilling.

Middle Island Resources has completed its Phase 2 drilling at the Bobija polymetallic project in Serbia, reinforcing continuity of gold-silver-base metal mineralisation. Extensive soil sampling across Tisovik, Priboj, and Ober projects has identified multiple promising targets, with RC drilling planned pending land access approvals.

Asian Battery Metals has completed its acquisition of the Maikhan Uul Cu-Au VMS Project and is poised to start a fully permitted 2026 drilling campaign across its Mongolian copper and battery metals assets, backed by $5.25 million in cash.

Belararox has ramped up drilling at its TMT Project in Argentina, unveiling a significant high-grade silver zone at Toro Central and expanding its landholding with the El Faro acquisition. Meanwhile, exploration in Botswana gears up with a major airborne electromagnetic survey, and the company contemplates divesting its Australian Belara Project to sharpen focus on core assets.

Litchfield Minerals secured US$500,000 from BHP's Xplor program and delivered thick copper-zinc intercepts at Oonagalabi, expanding its mineral system model despite operational challenges.

Tyranna Resources has identified new gold anomalies at its Chinguar Gold Project and progressed licence security and bulk sampling plans at its Namibe Lithium and Caesium Project in Angola.

Skylark Minerals has kicked off its largest drilling campaign at the Zaranou Gold Project in Côte d’Ivoire, confirming deeper and thicker gold mineralisation that could expand its 364,600-ounce inferred resource.

AusQuest has confirmed a vast copper-gold system at its Cangallo project in Peru, revealing broad mineralisation and multiple higher-grade zones. Meanwhile, exploration momentum continues in Australia under a South32 alliance, with key drilling programs poised to start.

Power Minerals confirms exceptionally high-grade rare earth oxide assays at its newly acquired Morro do Ferro Project in Brazil, validating historical data and setting the stage for aggressive drilling and resource definition.

European Resources has more than doubled its Korsnäs rare earth resource following a successful drilling program and metallurgical advances, underpinning a $3.4 million capital raise to fund further development.

Bayan Mining and Minerals delivers strong rare earth assay results from its Desert Star project, advances permitting and drill planning at Bayan Springs South, and strengthens its leadership and strategic positioning.