Latest Mining Exploration News

Adavale Resources (ASX:ADD) is intensifying its drilling campaign at the London Victoria gold mine, delivering promising high-grade results and expanding its footprint with new tenure acquisitions. The company targets a mid-year resource update amid ongoing assay releases and greenfield exploration.

Exultant Mining has secured regulatory approval and contractor engagement to launch a targeted 12-hole RC drilling campaign at its Balerion Prospect, aiming to test high-priority geochemical and geophysical anomalies.

Connected Minerals Limited (ASX:CML) confirms it disclosed its binding acquisition of Frontier Group CRM and associated $4.5 million capital raising promptly after finalising agreements, addressing ASX concerns over earlier market activity.

Stavely Minerals has confirmed significant gold-silver mineralisation at its Freddy’s Find prospect and plans deeper diamond drilling alongside new RC holes to explore a large-scale porphyry target nearby.

Alice Queen Limited (ASX:AQX) has initiated a partially underwritten rights issue aiming to raise up to $5.77 million, with substantial shareholder Gage Resource Development committed to maintaining control. The funds will primarily support further drilling and project development at Horn Island.

Austral Resources has kicked off its 2026 drilling campaign with a standout 10m intercept grading 7.52% copper at the Snow Queen Prospect near its Rocklands facility, underpinning its strategy to build regional scale through satellite deposits.

NT Minerals has launched a pro-rata non-renounceable entitlement offer aiming to raise up to $968,722 at $0.002 per share, providing shareholders a chance to subscribe for two shares for every five held. The offer opened on 5 May 2026 and closes on 26 May 2026, with electronic access to prospectus documents and a focus on reducing paper usage.

Galileo Mining has identified compelling geophysical targets at its Norseman project, setting the stage for a 5,000-metre drilling campaign focused on sulphide mineralisation at Mission Sill and Callisto South.

Critical Resources Limited (ASX:CRR) has initiated a pro-rata entitlement offer of Loyalty Options priced at $0.001 each, aiming to raise $319,410 and potentially $2.56 million upon exercise. The offer underscores significant dilution and operational risks amid ongoing exploration and legal challenges.

Corella Resources has issued 205 million shares raising $2.46 million to fund its Chobe Project acquisition and working capital, with a second tranche and attaching options pending shareholder approval.

Ballymore Resources is raising $3.24 million through a non-renounceable entitlement offer to fund drilling, geophysical surveys, and trial mining across key Queensland projects, including Dittmer and Ruddygore.

Litchfield Minerals denies undisclosed material information behind recent share price jump, pointing to public engagement, media activity, and early-stage exploration sample processing as key influences.