Latest Resource Assessment News

Top End Energy has completed its strategic acquisition of Serpentine Energy, significantly expanding its natural hydrogen footprint in Kansas and advancing towards its first well drilling, while also progressing exploration in Australia’s Northern Territory.

Thor Energy PLC has fast-tracked exploration activities at its newly acquired South Australian hydrogen and helium licence following a promising independent resource assessment. The company reported a net cash outflow but maintains a solid cash position to support upcoming work.

HyTerra Limited has initiated a 12-month exploration program at its Nemaha Project in Kansas, successfully spudding the Sue Duroche 3 well and commencing seismic surveys to assess natural hydrogen potential.

Cavalier Resources has extended its non-binding $11 million US stream finance term sheet with Raptor International, aiming to fully fund the development of the Crawford Gold Project Stage 1 open pit and near-mine drilling. A revised Pre-Feasibility Study underscores strong project economics with a 580% IRR and a 9-month payback period.

Errawarra Resources has acquired a controlling interest in the historically prolific Elizabeth Hill Silver Project in Western Australia's Pilbara region, positioning itself for significant resource growth and imminent drilling activities. The company also advances its capital raise and exploration efforts across multiple projects.

Dart Mining has entered a $3.4 million option agreement with Infinity Lithium to divest its non-core Victorian exploration assets, enabling Dart to sharpen its focus on Queensland projects while Infinity expands in Victoria.

Thor Energy has completed its acquisition of an 80.2% interest in Go Exploration, gaining access to prime hydrogen and helium exploration licenses in South Australia and significantly expanding its clean energy portfolio.

Thor Energy plc has appointed Andrew Hume as Managing Director, bringing a seasoned energy executive to spearhead its expansion into natural hydrogen exploration.

Gold Hydrogen Limited has secured a $6.45 million R&D tax refund, strengthening its financial position ahead of an ambitious 2025 drilling campaign. The company also announced key leadership changes, including the appointment of a seasoned Chief Geologist.

Condor Energy reports a significant upgrade to its Piedra Redonda gas field resource estimate, highlighting a best estimate contingent resource of 1 trillion cubic feet (Tcf) of gas offshore Peru, supported by advanced seismic reprocessing and new technical insights.

Adavale Resources has completed the acquisition of a majority interest in the Parkes Gold-Copper Project, positioning itself near major NSW mining hubs with plans to upgrade historical resources and accelerate exploration.

Aura Energy has reported a substantial 49% increase in Ore Reserves at its flagship Tiris Uranium Project, advancing towards a Final Investment Decision in early 2025 while also benefiting from positive regulatory shifts in Sweden.