Latest Mining Exploration News

eMetals Limited has completed initial field activities at its Busia Gold Project in Uganda, with soil and rock chip sampling underway and results pending. The company also reports ongoing exploration potential at its Mubende Gold Project and maintains a robust cash balance of nearly $3 million.

MRG Metals has advanced its Mozambique joint venture with Sinowin Lithium, securing the Corridor Central mining licence and confirming high-grade heavy mineral sands at Marao’s Magonde target through recent assay results.

Metal Bank Limited reported a net cash outflow in Q1 2025, with limited cash runway prompting strategic funding considerations including potential project sales.

Boss Energy Limited reported a solid first quarter for 2025, posting positive net cash from operating activities and maintaining robust cash reserves despite ongoing investing outflows.

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.

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.

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.

South32 reported a robust US$360 million net profit for H1 FY25, driven by strong commodity prices and operational execution, while investing heavily in growth projects like Hermosa and returning US$169 million to shareholders.

Magnum Mining & Exploration is recalibrating its supply chain strategy in response to new U.S. tariffs on steel and aluminium, engaging with Chinese partners and advancing its Buena Vista iron project.

Caprice Resources responds to ASX price query by releasing validated exploration results from its Island Gold Project, following a trading halt triggered by unusual market activity.

Cazaly Resources has inked a binding joint venture with Brightstar Resources to earn up to 80% of the Goongarrie Gold Project in Western Australia, targeting multiple high-potential gold zones with a $3 million exploration commitment.

IMDEX Limited has announced a fully franked ordinary dividend of AUD 0.015 per share, signaling steady shareholder returns for the half-year ending December 2024.