Latest Mining Exploration News

Prospect Resources reports significant progress at its Mumbezhi Copper Project, with Phase 2 drilling nearing completion and metallurgical tests confirming robust processing potential. Updated resource estimates are expected by late Q4 2025.

Nova Minerals has secured a significant US$43.4 million funding award from the U.S. Department of War to accelerate its Estelle Project in Alaska, advancing both gold and antimony development with strong government backing and infrastructure progress.

Lefroy Exploration Limited reported a steady cash position for Q3 2025, supported by a significant financing advance and ongoing exploration investments.

Everest Metals Corporation Ltd reported a solid cash position of A$5.0 million at the end of Q3 2025, backed by a recent equity raise and ongoing exploration investments. The company’s funding runway now extends to nearly five quarters, offering a stable platform for its exploration activities.

Antipa Minerals reports significant high-grade gold and copper discoveries at its Minyari Dome project, alongside a robust A$61.4 million cash position following a successful A$40 million equity raise.

Magnetic Resources NL reported a strong cash position after raising $35 million in equity during the September quarter, ending with nearly $38 million in cash reserves.

Golden State Mining Limited has raised $1.5 million through a two-tranche placement to fund its Western Australian gold projects, while welcoming a new director and preparing for its Managing Director's departure.

Tasman Resources has clarified the reasons behind its recent share price jump, linking it to new drilling funding and a rise in its Eden Innovations investment value.

Mantle Minerals has completed the sale of Mt Roe Mining Pty Ltd for AUD 13.5 million, retaining key projects and identifying 11 new exploration targets at Yule River. A ground gravity survey is planned to refine 2026 drilling efforts.

OZZ Resources advances exploration with fresh gold anomalies at Maguires Reward and pursues a joint venture to unlock project potential amid ongoing ASX suspension.

Audalia Resources completed key drilling and metallurgical programs at its Medcalf vanadium-titanium-iron project, progressing towards a resource upgrade and mine design. However, cash reserves and funding runway remain limited, underscoring the need for successful financing.

S2 Resources has ramped up exploration activities across multiple Australian projects, commencing diamond drilling at Warraweena and expanding ground at Jillewarra, while securing A$0.61 million through capital raisings and maintaining a robust cash position bolstered by a significant Valkea Resources investment.