Latest Quartz News

Rio Tinto may spend up to A$46 million exploring LCL Resources’ Liamu project in Papua New Guinea for an eventual 80% stake. The initial programme will target undrilled gold-copper ground at Dada, while Rio Tinto weighs whether to advance the high-grade Ubei prospect.

Stelar Metals has repositioned around the Hill of Leaders Tungsten Project after rock-chip assays reached 15.69% WO₃, but the discovery remains early-stage and the company is still loss-making. A subsequent A$2.628 million placement gives the explorer more room to test the system with maiden drilling.

Galileo Mining has expanded its near-term exploration pipeline at Norseman, with mineralised outcrop north of Callisto, two kilometre-scale PGM target zones at Mission Sill and a new gold prospect. The company ended September with approximately A$6.9 million in cash, funding aircore and RC programs already under way or scheduled.

Peregrine Gold has advanced a portfolio of Pilbara gold targets, from a 4km auriferous palaeogravel zone at Capricorn to high-grade rock-chip results at Pilgangoora North. A $2.25 million placement strengthens the near-term exploration program, although quarter-end cash covered less than one quarter of reported outgoings before the raising.

Augustus Minerals has reported its strongest Clifton East gold intersection to date while preparing more drilling at Music Well and advancing contested licence applications in Papua New Guinea. The exploration push comes with $0.77 million in cash and $879,000 spent during the September quarter.

White Cliff Minerals has intersected high-grade copper beneath a spectacular historic surface trench at Bornite Hills, adding a second exploration front to its Rae Copper Project. The early results are encouraging, but the geometry and true thickness of the mineralisation remain unresolved.

Exultant Mining has completed its maiden Balerion drilling program, with final assays confirming silver-zinc-lead-copper mineralisation and local gold enrichment. The explorer is now shifting its near-term attention to three targets across the 390km² Black Hammer project while holding A$2.729 million in cash.

Australian Silica Quartz Group has completed a 200-tonne bulk sample at White Swan and is preparing 50 tonnes for shipment to prospective Chinese customers. The customer program is advancing, but ASQ held $912,000 in cash at quarter-end and estimated only 1.7 quarters of funding without proceeds from a Bindoon property sale.

Centaurus Metals has identified more than 20 drill-ready copper-gold targets across its expanded 75km² Boi Novo Project in Brazil. The pipeline includes eight priority prospects at Rio Novo and 13 additional targets at the original Boi Novo tenure, but the results remain an exploration story rather than a new discovery or resource estimate.

Arika Resources has secured up to $211,213 in Western Australian government co-funding for two 600-metre diamond holes at its Pennyweight Point prospect. The drilling will test depth extensions to known gold mineralisation and a conceptual porphyry-style gold-copper system that remains untested at depth.

Solara Minerals has identified gold and silver in selective rock-chip samples along a quartz vein extending more than 400 metres at Myrnas Hill. The explorer is also preparing follow-up drilling at Wilgeena, while its $1.642 million cash balance points to a measured exploration runway.

Golden Dragon Mining has finished an approximately 2,800-metre RC drilling program at its Cue Gold Project after reporting high-grade results and a more than 3-kilometre gold corridor. The company also ended the September quarter with A$4.11 million in cash following a strategic A$2.2 million investment from Chengtun Gold.