Latest Prospective Resources News

Xstate Resources reports steady progress on its Diona-1 well in Queensland, confirming its majority ownership of ATP 2077 and targeting multiple proven gas reservoirs with promising potential.

Finder Energy is fast-tracking development of the Kuda Tasi and Jahal oil fields in Timor-Leste, backed by a transformational farmin deal with TIMOR GAP and a strategic alliance with SLB, targeting first oil by October 2025.

Petratherm’s Phase 3 drilling at the Muckanippie Project reveals a significant extension of high-grade titanium mineralisation at Rosewood and discovers a new heavy mineral sands zone at Echo.

Xstate Resources has commenced drilling the Diona-1 well in Queensland’s Surat-Bowen Basin, aiming at three proven hydrocarbon formations with promising resource potential and a rapid path to market.

Encounter Resources has announced an initial inferred copper resource of 2.9 million tonnes at 0.8% copper at its Yeneena Project in Western Australia, highlighting the potential of the extensive Parbo copper system and setting the stage for further drilling in 2026.

Prospect Resources has reported significant new copper assay results from its Phase 2 drilling at the Kabikupa deposit, extending mineralisation beyond 1km and confirming zones closer to surface and at depth. These findings bolster the Mumbezhi Copper Project’s resource potential ahead of an updated estimate due in Q4 2025.

Invictus Energy has extended its Exclusive Prospecting Orders in Zimbabwe’s Cabora Bassa Basin for another three years, setting the stage for a high-impact exploration campaign including the Musuma-1 well targeting substantial gas and condensate resources.

Pacgold’s latest drilling at the Alice River Gold Project reveals high-grade gold intersections, including visible gold up to 42.3 g/t, supporting a potential Mineral Resource Estimate upgrade. Regional drilling continues with promising targets ahead.

Finder Energy has accelerated development of its Kuda Tasi and Jahal oil project in Timor-Leste through a strategic alliance with SLB, targeting a Final Investment Decision in 2026. The company highlights robust resource estimates and a streamlined path to first oil production.

PhosCo’s maiden drilling at the KM prospect within Tunisia’s Gasaat Phosphate Project reveals record-thick phosphate layers near the proposed plant site, suggesting a faster route to production and improved project economics.

Dreadnought Resources has reported exceptional high-grade gold intercepts from infill drilling at its Star of Mangaroon project, signaling a significant resource upgrade and improved project economics.

Red Sky Energy has formalized its 35% interest in Angola’s Block 6/24 following parliamentary ratification of the Risk Service Contract, unlocking access to significant oil resources and advancing its international growth strategy.