Latest Resource Discovery News

Galileo Mining’s latest diamond drilling at Norseman reveals a newly identified ultramafic sill with 109 metres of PGM mineralisation, reinforcing the project’s potential for multiple stacked intrusive systems along extensive strike lengths.

Tivan Limited has added Major Michael Stone (Retd) to its Technical Advisory Group, leveraging his 25 years of Timor-Leste expertise to boost local engagement and strategic guidance for its copper-gold projects. This move bolsters Tivan’s in-country capabilities as it advances its Turiscai, Baucau, and Ossu exploration portfolio.

Macallum New Energy has successfully listed on the ASX and raised A$7.4 million to fund exploration in the Northern Perth Basin. The company is progressing a 66% complete Barberton 3D seismic survey and preparing a Condor 2D survey, positioning itself amid renewed regional drilling activity.

Mount Hope Mining (ASX:MHM) has completed Phases 1 and 2 drilling at its Mt Solitary gold project in NSW’s Cobar Basin, delivering high-grade intercepts including visible gold up to 52.5 g/t and defining an exploration target of 1.3-1.9 million tonnes at 1.0-1.35 g/t Au.

Voltaic Strategic Resources is set to acquire a key exploration licence adjoining its Ti Tree Project in Western Australia, expanding its footprint in the emerging Gascoyne lithium province near Delta Lithium’s resources. This low-cost deal enhances Voltaic’s strategic optionality for lithium and tantalum exploration.

Great Western Exploration is set to begin drilling nine copper-gold targets in the Yerrida Basin, backed by a $3.75 million capital raise and strong cash reserves. The campaign kicks off mid-April at the Oval target, which shows promising geological parallels to the nearby DeGrussa deposit.

Empire Resources has completed the second tranche of its share placement, raising nearly A$2 million following shareholder approval. This capital boost supports the company’s ongoing exploration ambitions in Western Australia’s gold and copper sectors.

Heavy Rare Earths Limited has confirmed the presence of valuable rare earth minerals Monazite and Xenotime at its Radium Hill Project, signalling new potential beyond historic uranium mining.

Forte Energy has emerged as the highest bidder for two promising oil and gas leases adjacent to its Umiat field in Alaska, leveraging existing seismic data to target significant resource potential.

Manhattan Gold Corporation has successfully raised A$3 million through an oversubscribed placement, setting the stage for a pivotal drill campaign at its Hook Lake project in Canada.

OZZ Resources Limited has announced a fully underwritten entitlement offer to raise approximately $1.07 million, aiming to convert debt and fund project opportunities while addressing its ongoing ASX suspension. The offer carries significant risks including potential dilution and the threat of delisting if compliance is not met by June 2026.

Ora Banda Mining has significantly expanded its Little Gem gold prospect, discovering a new mineralised Sapphire Trend and extending known mineralisation over 1,500 metres strike and 750 metres depth. High-grade drill results underpin expectations for a maiden resource estimate later this year.