Latest Resource Assessment News

Gold Mountain Limited has increased its capital raise to $2 million by issuing nearly 30 million shares at a slightly higher price, lifting its voluntary trading suspension and reinforcing its exploration ambitions.

Flynn Gold has initiated its first-ever diamond drilling program at the historically rich Double Event gold prospect in Northeast Tasmania, following trenching that revealed an extensive mineralised corridor. The drilling aims to validate and expand on promising surface assay results, potentially unlocking significant value for the Golden Ridge Project.

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.

An independent study confirms Condor Energy’s Piedra Redonda gas field offshore Peru offers multiple viable pathways to early monetisation and long-term growth, positioning it as a strategic regional energy asset.

Boss Energy has launched a detailed operational review of its Honeymoon uranium project to reassess mineralisation continuity and production assumptions, with results expected by year-end.

Solis Minerals has reported significant visual copper and molybdenum mineralisation over approximately 350 metres in its first diamond drill hole at the Ilo Este project in Peru, with assay results due in September 2025.

Whitebark Energy has exercised its option to acquire the remaining 30% stake in the Alinya project, gaining 100% ownership after independent assessments confirmed significant hydrocarbon, hydrogen, and helium resources.

Prominence Energy Limited has secured a pivotal natural hydrogen exploration license in South Australia, marking a major step forward for its Gawler Hydrogen Project and positioning it among the state’s leading clean energy explorers.

Buru Energy has identified a substantial new deep gas prospect, Flying Fox, beneath its proven Rafael gas field in Western Australia's Canning Basin, offering promising resource upside for its flagship project.

Helix Resources reports significant new drilling results from its Gold Basin Project in Arizona, confirming wide intervals of oxide-gold mineralisation suitable for open-pit mining and supporting potential resource upgrades.

Blue Energy Limited has been awarded two significant Potential Commercial Areas in Queensland, boosting its contingent gas resources, while facing temporary suspension of pilot wells due to mechanical issues. The company is advancing regulatory approvals and exploring capital raising to support its growth.

Peel Mining Limited has completed key drilling and commenced metallurgical testing at Wagga Tank, while advancing exploration and joint venture activities at Curnamona, maintaining a solid cash position of $1.4 million.