Latest Pilbara Exploration News

Arrow Minerals has secured binding commitments for a $5.5 million placement to fund exploration, testwork and development studies around its West Pilbara iron ore strategy. The raise clears the minimum funding hurdle attached to its 12-month option over the 62.5 million tonne Pannawonica project, but the acquisition itself remains conditional.

Macro Metals lifted mining services work performed to approximately A$2.8 million in the September quarter as its first BHP Mt Goldsworthy package ran ahead of schedule. The operational progress comes alongside a thin A$392,000 quarter-end cash balance, followed by a proposed A$3.28 million funding package to accelerate Pilbara exploration.

Arrow Minerals is rapidly expanding its Pilbara footprint, with 13 new exploration applications covering about 979 square kilometres and a post-quarter-end deal for the Turee Creek project. The company also resumed work at its Niagara bauxite project in Guinea, but entered the next phase with $2.02 million in cash and an estimated 2.3 quarters of funding at its reported operating cash-use rate.

Artemis Resources has mobilised a diamond drill rig for its first holes at the undrilled Cassowary copper-gold target, although weather has already disrupted the timetable. The company ended September with $6.653 million in cash and fresh government co-funding for the Madura program.

Helix Resources has closed a $2 million placement to fund exploration across its Pilbara gold projects, but the issue still needs shareholder approval at an extraordinary meeting on 21 October. The deal adds 50 million shares and 50 million attaching options to the company’s capital structure.

Peregrine Gold has secured $2.25 million through a discounted placement backed by major shareholder Mark Creasy, Lion Selection Group and company directors. The funding is earmarked for maiden drilling and broader gold and iron ore exploration in Western Australia, subject to heritage and Programme of Work approvals.

GreenTech Metals has turned a year of drilling, acquisitions and capital raising into a much larger West Pilbara exploration portfolio. The opportunity is growing, but the annual report also flags a material uncertainty over future funding as the company pursues Munni Munni and Whundo.

Novo Resources has progressed its Belltopper Gold Project with a planned diamond drilling campaign and completed maiden Pilbara drilling programs, while reporting a $3.9 million net loss for H1 2026 and bolstering liquidity through capital raises.

Peregrine Gold has expanded the known gold-bearing paleo gravel strike at its Capricorn Prospect to approximately 4 kilometres, uncovering a new potential gold source and advancing plans for small-scale mining operations.

Novo Resources has validated a significant hydrothermal system at its Wyloo Polymetallic Project through maiden drilling and identified new IOCG-style targets at Toolunga, broadening its exploration pipeline in Western Australia.

Northern Star Resources has pulled out of the Egina Gold Project joint venture with Novo Resources, returning all exploration data and leaving Novo to steer the project solo. Novo plans to resume drilling in the second half of 2026 while continuing other Pilbara exploration programs.

Infinity Mining (ASX:IMI) has pinpointed significant gold and copper anomalies in the Pilbara, with historic samples hitting 240 g/t gold and 7.8% copper. The company plans surface sampling and drilling this winter, while appointing geologist Steven Wood to its board.