Latest Mining Exploration News

Legacy Minerals has received NSW Government approvals for an 8,000m diamond drilling campaign at its Mt Carrington Project, targeting promising extensions at Mascotte and first-ever modern testing at the Emu copper-gold prospect.

Core Energy Minerals (ASX:CR3) has confirmed significant rare earth oxides with a high magnetic component in early sampling at its Campo Largo project, setting the stage for systematic drilling this quarter.

Galileo Mining’s latest diamond drilling at Norseman reveals a newly identified ultramafic sill with 109 metres of PGM mineralisation, reinforcing the project’s potential for multiple stacked intrusive systems along extensive strike lengths.

Diablo Resources has completed the first tranche of a placement, raising $764,400 through 58.8 million shares at 1.3 cents each, with a shareholder meeting planned in June to approve a further $2.7 million raise.

Tanami Gold NL (ASX:TAM) is raising $70.5 million through a fully underwritten renounceable rights issue priced at $0.06 per share, a 34.78% discount to the last traded price, to finance development of its Central Tanami Project.

Regener8 Resources has closed its entitlement offer, raising $1.42 million to fund the acquisition and exploration of its Srebrenica North Project, with new shares set to begin trading next week.

GreenTech Metals has confirmed thicker, high-grade PGE-Cu-Ni mineralisation at its Munni Munni Project through Phase 1 drilling and historic core resampling, setting the stage for a JORC 2012 resource update.

Tali Resources has raised $3 million through a discounted share placement to bankroll a multi-phase drilling campaign at its West Arunta Project, aiming to capitalise on recent geophysical advances.

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.