Latest Mining Exploration News

Verity Resources Limited has announced a pro-rata entitlement issue to raise up to $2.05 million, partially underwritten by entities linked to its directors. The capital raise aims to fund exploration and technical studies across its key projects, including the Monument Gold Project.

QEM Limited has responded to ASX inquiries about unusual trading activity, confirming no undisclosed material information and deferring assay results to its March quarterly report.

Yugo Metals has reported promising initial drilling results at its Kovacevac prospect, revealing high-grade polymetallic mineralisation that could underpin a resilient multi-commodity project.

Diablo Resources has secured a geophysical contractor to commence an induced polarisation survey at its high-priority Star Range Silver-Antimony Project, while maiden drilling at the Phoenix Copper Project confirms encouraging copper mineralisation.

Kingsgate Consolidated capped a transformational 2025 with a 344% share price surge and strong cash position, setting ambitious production and exploration targets for 2026.

Dalaroo Metals strengthens its Greenland rare earths ambitions with the appointment of industry veteran Greg Barnes and plans a US OTCQB listing to access North American capital and partnerships.

Evolution Energy Minerals has announced a $4 million renounceable entitlement offer priced at 1.5 cents per share, including free attaching options, with major shareholder Metals One Plc committing $1 million.

Exultant Mining has identified a major multi-element soil anomaly at its Peak View prospect in New South Wales, revealing a 900-metre strike length with strong signatures of copper, lead, zinc, silver, and gold. This discovery sets the stage for targeted geophysical surveys and a drilling campaign planned for late Q1 2026.

Cosmo Metals Limited has announced a fully underwritten entitlement offer to raise approximately $1.55 million, aimed at advancing drilling and exploration across its key gold and base metals projects. The offer includes new shares and attaching options, with funds earmarked for multiple projects in Western Australia and New South Wales.

MEC Resources has successfully closed its Options Placement Offer, raising $359,162 through strong shareholder support. The fully subscribed offer sets the stage for the company’s next development phase.

Cannindah Resources has successfully raised over $11 million through the first tranche of its share placement, with the second tranche awaiting shareholder approval in March 2026.

Enegex Limited has mobilised a 3,000m aircore drilling program at its Tougbe gold project following promising auger results, while planning a March RC drilling campaign at Gogo after identifying a 900m gold anomaly and artisanal workings.