Latest Mining Exploration News

Augustus Minerals announces the sudden resignation of CEO Dr James Warren, with interim leadership stepping in as the company begins its search for a successor.

Exultant Mining has completed key reconnaissance work at its Peak View Project in New South Wales, collecting 16 rock chip samples from historic prospects and securing land access agreements ahead of a planned drilling campaign in 2026.

MetalsGrove Mining Limited has been granted the Vavoua gold exploration permit in Côte d’Ivoire, advancing its strategic foothold near the Abujar gold mine. An initial soil sampling program using cutting-edge PortablePPB technology is set to commence early next year.

Somerset Minerals Limited has launched a C$2.25 million flow-through share offer targeting Canadian investors, aiming to accelerate exploration activities at its Jura project. The capital raise complements a planned institutional placement and highlights both growth ambitions and inherent risks.

Dart Mining has reported its highest gold assay results to date from the Banshee antimony-gold mine in Queensland, revealing promising mineralisation that could signal a significant gold-rich system. The ongoing drilling program and forthcoming assays are set to further define the project's potential.

Korab Resources Limited reported a positive cash flow for the December 2024 quarter, maintaining a strong liquidity position with funding to support its exploration activities for over 17 quarters.

Korab Resources reports significant gold and base metals exploration progress at its Rum Jungle Project, alongside innovative mining method evaluations and ongoing legal challenges to key lease renewals.

Miramar Resources has completed its Tranche 1 share placement and secured a further $205,000 commitment from a director for Tranche 2, pending shareholder approval in early 2026.

APC Minerals Limited has announced a renounceable pro-rata entitlement offer to raise approximately $1.38 million, issuing 13 new shares for every 11 held at $0.004 each. Overseas shareholders are excluded but will have their entitlements sold by a nominee.

IRIS Metals Limited has voluntarily suspended trading of its shares on the ASX pending a significant capital raising announcement expected next week.

New Murchison Gold Limited has released its 2025 Mineral Resources and Ore Reserves update for the Crown Prince Gold Mine, reflecting initial mining depletion and confirming the project’s economic viability. The company is now focusing on underground potential and near-mine exploration.

Patriot Resources has successfully raised $4.25 million through an oversubscribed share placement to fund its acquisition of the Tassa Silver Gold Deposit in Peru and further exploration projects.